0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP SC610409 2024-01-01 2024-12-31 SC610409 2024-12-31 SC610409 2023-12-31 SC610409 2023-01-01 2023-12-31 SC610409 2023-12-31 SC610409 2022-12-31 SC610409 core:PlantMachinery 2024-01-01 2024-12-31 SC610409 bus:Director1 2024-01-01 2024-12-31 SC610409 core:PlantMachinery 2023-12-31 SC610409 core:PlantMachinery 2024-12-31 SC610409 core:WithinOneYear 2024-12-31 SC610409 core:WithinOneYear 2023-12-31 SC610409 core:ShareCapital 2024-12-31 SC610409 core:ShareCapital 2023-12-31 SC610409 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC610409 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC610409 core:PlantMachinery 2023-12-31 SC610409 bus:SmallEntities 2024-01-01 2024-12-31 SC610409 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC610409 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC610409 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC610409 bus:FullAccounts 2024-01-01 2024-12-31 SC610409 core:LeaseholdImprovements 2024-01-01 2024-12-31 SC610409 core:LeaseholdImprovements 2023-12-31 SC610409 core:LeaseholdImprovements 2024-12-31 SC610409 core:KeyManagementIndividualGroup1 2024-01-01 2024-12-31 SC610409 core:KeyManagementIndividualGroup1 2024-12-31 SC610409 core:EntitiesControlledByKeyManagementPersonnel 2024-01-01 2024-12-31 SC610409 core:EntitiesControlledByKeyManagementPersonnel 2024-12-31
COMPANY REGISTRATION NUMBER: SC610409

Croick Holiday Letting Limited

Filleted Unaudited Financial Statements

31 December 2024

Croick Holiday Letting Limited

Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | £ | £

Fixed assets

Tangible assets | 4 | 1,964 | 1,240

Current assets

Debtors | 5 | 18,261 | 16,438
Cash at bank and in hand | 12,794 | 10,463
| -------- | --------
| 31,055 | 26,901

Creditors: amounts falling due within one year | 6 | 44,524 | 41,840
| -------- | --------
Net current liabilities | 13,469 | 14,939
| -------- | --------
Total assets less current liabilities | ( 11,505) | ( 13,699)

Provisions | 47 | 47
| -------- | --------
Net liabilities | ( 11,552) | ( 13,746)
| -------- | --------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | ( 11,652) | ( 13,846)
| -------- | --------
Shareholders deficit | ( 11,552) | ( 13,746)
| -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Croick Holiday Letting Limited

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 7 October 2025 , and are signed on behalf of the board by:

Mr J D E Hall
Director

Company registration number: SC610409

Croick Holiday Letting Limited

Notes to the Financial Statements

Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Croick House, Ardgay, Sutherland, IV24 3BS, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company has made a profit this year and the balance sheet is in currently in deficit by £11,652 (2023 - deficit by £13,746) at 31 December 2024. It is recognised that the ability of the company to continue as a going concern is dependent on the ongoing financial support of the directors. The directors are confident that funds will be made available to allow the company to meet its liabilities as they fall due and that amounts due to the directors will not be recalled within 12 months from the date of approval of these financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 20% straight line
| Tenant improvements | - | 5% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Tangible assets

| Plant and machinery | Tenant improvements | Total
| £ | £ | £
Cost |  |  |
At 1 January 2024 | 1,339 | 1,200 | 2,539
Additions | 1,292 | – | 1,292
| ------- | ------- | -------
At 31 December 2024 | 2,631 | 1,200 | 3,831
| ------- | ------- | -------
Depreciation |  |  |
At 1 January 2024 | 1,089 | 210 | 1,299
Charge for the year | 508 | 60 | 568
| ------- | ------- | -------
At 31 December 2024 | 1,597 | 270 | 1,867
| ------- | ------- | -------
Carrying amount |  |  |
At 31 December 2024 | 1,034 | 930 | 1,964
| ------- | ------- | -------
At 31 December 2023 | 250 | 990 | 1,240
| ------- | ------- | -------

5. Debtors

| 2024 | 2023
| £ | £
Trade debtors | 14,464 | 13,550
Other debtors | 3,797 | 2,888
| -------- | --------
| 18,261 | 16,438
| -------- | --------

6. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Trade creditors | 18,751 | 743
Other creditors | 2,241 | 16,738
Other creditors | 23,532 | 24,359
| -------- | --------
| 44,524 | 41,840
| -------- | --------

7. Related party transactions
At 31 December 2024 the company was due the directors £ 6,826 (2023 - £6,971). This loan is interest free and has no definite terms of repayment . At 31 December 2024 the company was due £ 2,241 (2023 - £16,738) to a business in which the directors are owners . This loan is interest free and has no definite terms of repayment .