REGISTERED NUMBER: SC632412 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

SOUTH WEST HOLIDAY LETS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Lorna Simpson

SECRETARY:

Hazel Margaret Simpson

REGISTERED OFFICE:

C/O Stewart Gilmour & Co

24 Beresford Terrace

Ayr

KA7 2EG

REGISTERED NUMBER:

SC632412 (Scotland)

ACCOUNTANTS:

Stewart Gilmour & Co.

Chartered Accountants

24 Beresford Terrace

Ayr

KA7 2EG

FIXED ASSETS

Tangible assets

4

339,419

350,128

CREDITORS

Amounts falling due within one year

5

338,109

337,275

NET CURRENT LIABILITIES

(338,109

)

(337,275

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,310

12,853

PROVISIONS FOR LIABILITIES

5,928

6,631

NET (LIABILITIES)/ASSETS

(4,618

)

6,222

CAPITAL AND RESERVES

Called up share capital

6

125

125

Retained earnings

(4,743

)

6,097

SHAREHOLDERS' FUNDS

(4,618

)

6,222

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

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

The director acknowledges her 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 29 May 2026 and were signed by:

Lorna Simpson - Director

1.	STATUTORY INFORMATION

South West Holiday Lets 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.

Heritable property

-

2% on cost

Improvements to property

-

4% on cost

Fixtures and equipment

-

15% 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2024

and 31 May 2025

350,250

53,009

403,259

DEPRECIATION

At 1 June 2024

35,025

18,106

53,131

Charge for year

7,005

3,704

10,709

At 31 May 2025

42,030

21,810

63,840

NET BOOK VALUE

At 31 May 2025

308,220

31,199

339,419

At 31 May 2024

315,225

34,903

350,128

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

9,382

9,382

Other creditors

328,727

327,893

338,109

337,275

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

25

Ordinary "A"

£1

25

25

125

125

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Lorna Simpson.