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REGISTERED NUMBER: SC625617 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Bideaways Limited

Bideaways Limited (Registered number: SC625617)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bideaways Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: L W Manson
A Manson





REGISTERED OFFICE: 1 Lade Court
Linlithgow
EH49 7QF





REGISTERED NUMBER: SC625617 (Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Bideaways Limited (Registered number: SC625617)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,100 5,449
Investment property 5 1,152,765 -
1,193,865 5,449

CURRENT ASSETS
Debtors 6 8,296 17,713
Cash at bank 40,235 63,806
48,531 81,519
CREDITORS
Amounts falling due within one year 7 513,449 61,394
NET CURRENT (LIABILITIES)/ASSETS (464,918 ) 20,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

728,947

25,574

CREDITORS
Amounts falling due after more than one year 8 (696,902 ) (13,466 )

PROVISIONS FOR LIABILITIES 10 (7,930 ) (1,160 )
NET ASSETS 24,115 10,948

CAPITAL AND RESERVES
Called up share capital 11 103 100
Retained earnings 12 24,012 10,848
SHAREHOLDERS' FUNDS 24,115 10,948

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





L W Manson - Director


Bideaways Limited (Registered number: SC625617)

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

1. STATUTORY INFORMATION

Bideaways 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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Improvements to property-10% per annum
Fixtures and fittings-25% per annum
Motor vehicles-25% per annum
Computer equipment-25% per annum

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Bideaways Limited (Registered number: SC625617)

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

2. ACCOUNTING POLICIES - continued

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.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 4,140 2,550 - 1,723 8,413
Additions - 4,927 44,243 341 49,511
At 31 March 2025 4,140 7,477 44,243 2,064 57,924
DEPRECIATION
At 1 April 2024 828 1,275 - 861 2,964
Charge for year 414 1,869 11,061 516 13,860
At 31 March 2025 1,242 3,144 11,061 1,377 16,824
NET BOOK VALUE
At 31 March 2025 2,898 4,333 33,182 687 41,100
At 31 March 2024 3,312 1,275 - 862 5,449

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,152,765
At 31 March 2025 1,152,765
NET BOOK VALUE
At 31 March 2025 1,152,765

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 6,925 -
Other debtors 1,371 17,713
8,296 17,713

Bideaways Limited (Registered number: SC625617)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 7,774 -
Trade creditors 658 789
Taxation and social security 1,382 48,157
Other creditors 492,987 1,800
513,449 61,394

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans 3,306 13,466
Hire purchase contracts 34,326 -
Other creditors 659,270 -
696,902 13,466

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Mortgages 681,770 -

Cumbernauld Building Society holds a floating charge and standard security over the company's investment properties.

10. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 7,930 1,160

Deferred
tax
£   
Balance at 1 April 2024 1,160
Provided during year 6,770
Balance at 31 March 2025 7,930

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary £1 100 100
1 Ordinary B £1 1 -
1 Ordinary C £1 1 -
1 Ordinary D £1 1 -
103 100

Bideaways Limited (Registered number: SC625617)

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

11. CALLED UP SHARE CAPITAL - continued

The following shares were issued during the year for cash at par :

1 Ordinary B share of £1
1 Ordinary C share of £1
1 Ordinary D share of £1

12. RESERVES
Retained
earnings
£   

At 1 April 2024 10,848
Profit for the year 13,664
Dividends (500 )
At 31 March 2025 24,012

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 March 2025 the company owed the directors £468,637 (2024: the directors owed the company £17,713).

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £500 (2024 - £12,000) were paid to the directors .





Related Party




Transaction Type



Transaction in year to
31.3.25

Balance receivable
from/(payable to)
related party at
31.3.25
Balance
receivable
from/(payable to)
related party at
31.3.24
£ £ £

Directors Rent 39,365 (2024: £43,127) - -

Company under
common control

Purchases

Nil (2024: 28,122)

-

-

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L W Manson.