REGISTERED NUMBER: SC653034 (Scotland)

Unaudited Financial Statements

for the Period 1 February 2025 to 30 April 2025

for

Temple View Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

37,500

Tangible assets

5

-

204,097

-

241,597

CURRENT ASSETS

Stocks

-

4,900

Debtors

6

1,179

2,580

Cash at bank and in hand

330,994

79,832

332,173

87,312

CREDITORS

Amounts falling due within one year

7

(149,843

)

(133,655

)

NET CURRENT ASSETS/(LIABILITIES)

182,330

(46,343

)

TOTAL ASSETS LESS CURRENT LIABILITIES

182,330

195,254

CREDITORS

Amounts falling due after more than one year

8

-

(124,533

)

NET ASSETS

182,330

70,721

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

182,328

70,719

182,330

70,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 18 September 2025 and were signed on its behalf by:

Mrs S J Young - Director

1.	STATUTORY INFORMATION

Temple View Limited is a private company, limited by shares, domiciled in Scotland, registration number SC653034. The registered office is Templeview, Carinish, Isle of North Uist, Western Isles, United Kingdom, HS6 5EJ.

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 represents net invoiced sales of goods and services in respect of hotel services, excluding value added tax. Sales are recognised at the point at which the service is complete.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of twenty 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.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation

Taxation for the period 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 period 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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2025 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

50,000

Disposals

(50,000

)

At 30 April 2025

-

AMORTISATION

At 1 February 2025

12,500

Charge for period

432

Eliminated on disposal

(12,932

)

At 30 April 2025

-

NET BOOK VALUE

At 30 April 2025

-

At 31 January 2025

37,500

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 February 2025

210,000

3,332

495

213,827

Disposals

(210,000

)

(3,332

)

(495

)

(213,827

)

At 30 April 2025

-

-

-

-

DEPRECIATION

At 1 February 2025

8,400

835

495

9,730

Charge for period

725

144

-

869

Eliminated on disposal

(9,125

)

(979

)

(495

)

(10,599

)

At 30 April 2025

-

-

-

-

NET BOOK VALUE

At 30 April 2025

-

-

-

-

At 31 January 2025

201,600

2,497

-

204,097

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

31.1.25

£

£

Trade debtors

-

2,580

Other debtors

1,179

-

1,179

2,580

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

31.1.25

£

£

Bank loans and overdrafts

-

9,607

Trade creditors

2,018

2,410

Taxation and social security

47,351

15,873

Other creditors

100,474

105,765

149,843

133,655

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

31.1.25

£

£

Bank loans

-

124,533

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

86,104

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

31.1.25

£

£

Bank loans

-

134,140

The bank loan is secured by way of a bond and floating charge over the whole of the business assets.