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REGISTERED NUMBER: SC197623 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Bideaway Homes (2) Limited

Bideaway Homes (2) Limited (Registered number: SC197623)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bideaway Homes (2) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: P Blane





SECRETARY: P Blane





REGISTERED OFFICE: c/o Alexander Sloan Llp
180 St Vicent Street
Glasgow
G2 5SG





REGISTERED NUMBER: SC197623 (Scotland)





ACCOUNTANTS: Gordon Ferguson & Co Ltd
76 Hamilton Road
Motherwell
Lanarkshire
ML1 3BY

Bideaway Homes (2) Limited (Registered number: SC197623)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 741,559 739,453

CURRENT ASSETS
Debtors 5 517,082 490,807
Cash at bank 338,266 284,410
855,348 775,217
CREDITORS
Amounts falling due within one year 6 166,974 173,703
NET CURRENT ASSETS 688,374 601,514
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,429,933

1,340,967

CREDITORS
Amounts falling due after more than one
year

7

415,581

277,855
NET ASSETS 1,014,352 1,063,112

CAPITAL AND RESERVES
Called up share capital 252 252
Revaluation reserve 8 586,156 586,156
Retained earnings 427,944 476,704
SHAREHOLDERS' FUNDS 1,014,352 1,063,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:





P Blane - Director


Bideaway Homes (2) Limited (Registered number: SC197623)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Bideaway Homes (2) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 29 ) .

Bideaway Homes (2) Limited (Registered number: SC197623)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 1,118,111 66,596 29,886
Additions - - -
At 31 August 2024 1,118,111 66,596 29,886
DEPRECIATION
At 1 September 2023 405,997 65,784 9,462
Charge for year 21,154 203 5,106
At 31 August 2024 427,151 65,987 14,568
NET BOOK VALUE
At 31 August 2024 690,960 609 15,318
At 31 August 2023 712,114 812 20,424

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 94,417 748 1,309,758
Additions 33,594 - 33,594
At 31 August 2024 128,011 748 1,343,352
DEPRECIATION
At 1 September 2023 88,875 187 570,305
Charge for year 4,885 140 31,488
At 31 August 2024 93,760 327 601,793
NET BOOK VALUE
At 31 August 2024 34,251 421 741,559
At 31 August 2023 5,542 561 739,453

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 33,594
At 31 August 2024 33,594
DEPRECIATION
Charge for year 3,499
At 31 August 2024 3,499
NET BOOK VALUE
At 31 August 2024 30,095

Bideaway Homes (2) Limited (Registered number: SC197623)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 87,949 111,674
Other debtors 379,133 379,133
Inter company account 50,000 -
517,082 490,807

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 75,032 38,142
Hire purchase contracts 8,865 -
Trade creditors - 4,414
Tax 28,075 61,694
Social security and other taxes 8,806 6,896
Other creditors - 9,415
Pension fund 2,338 1,753
Directors' current accounts 38,534 38,534
Accrued expenses 5,324 12,855
166,974 173,703

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 75,032 38,142
Bank loans - 2-5 years 275,096 164,426
Bank loans more 5 yr by instal 50,678 75,287
Hire purchase contracts 14,775 -
415,581 277,855

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 50,678 75,287

8. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 586,156