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REGISTERED NUMBER: SC531379 (Scotland)




















North Berwick Holiday Homes Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2025






North Berwick Holiday Homes Ltd (Registered number: SC531379)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


North Berwick Holiday Homes Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: B A Chapman
J A Reid
C Currie



REGISTERED OFFICE: 129 High Street
North Berwick
East Lothian
EH39 4HB



REGISTERED NUMBER: SC531379 (Scotland)



ACCOUNTANTS: Whitelaw Wells
The Lighthouse
Heugh Road
North Berwick
EH39 5PX



BANKERS: The Royal Bank of Scotland
North Berwick
12 Westgate
North Berwick
EH39 4AF

North Berwick Holiday Homes Ltd (Registered number: SC531379)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 37,385 63,466
Tangible assets 5 12,187 17,985
49,572 81,451

CURRENT ASSETS
Debtors 6 30,671 38,176
Cash at bank 364,946 355,576
395,617 393,752
CREDITORS
Amounts falling due within one year 7 356,856 364,643
NET CURRENT ASSETS 38,761 29,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,333

110,560

CREDITORS
Amounts falling due after more than
one year

8

(7,577

)

(20,841

)

PROVISIONS FOR LIABILITIES (994 ) (942 )
NET ASSETS 79,762 88,777

North Berwick Holiday Homes Ltd (Registered number: SC531379)

Balance Sheet - continued
31 March 2025

2025 2024
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 79,662 88,677
79,762 88,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





C Currie - Director


North Berwick Holiday Homes Ltd (Registered number: SC531379)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

North Berwick Holiday Homes Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

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 etc - 20% on reducing balance and 20% on cost

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.


North Berwick Holiday Homes Ltd (Registered number: SC531379)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
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 8 (2024 - 9 ) .

North Berwick Holiday Homes Ltd (Registered number: SC531379)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 260,000 3,257 263,257
AMORTISATION
At 1 April 2024 196,857 2,934 199,791
Charge for year 26,000 81 26,081
At 31 March 2025 222,857 3,015 225,872
NET BOOK VALUE
At 31 March 2025 37,143 242 37,385
At 31 March 2024 63,143 323 63,466

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 37,975
Additions 502
Disposals (250 )
At 31 March 2025 38,227
DEPRECIATION
At 1 April 2024 19,990
Charge for year 6,234
Eliminated on disposal (184 )
At 31 March 2025 26,040
NET BOOK VALUE
At 31 March 2025 12,187
At 31 March 2024 17,985

North Berwick Holiday Homes Ltd (Registered number: SC531379)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 18,417
DEPRECIATION
At 1 April 2024
and 31 March 2025 7,367
NET BOOK VALUE
At 31 March 2025 11,050
At 31 March 2024 11,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 17,346 24,851
Other debtors 13,325 13,325
30,671 38,176

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 6,443
Finance leases 2,384 2,384
Trade creditors 1,837 4,488
Taxation and social security 27,474 27,665
Other creditors 325,161 323,663
356,856 364,643

North Berwick Holiday Homes Ltd (Registered number: SC531379)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 10,681
Finance leases 7,577 10,160
7,577 20,841