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REGISTERED NUMBER: SC682045 (Scotland)















Unaudited Financial Statements

for the Period 1 December 2021 to 31 March 2023

for

Elgin Hotels Scotland Ltd

Elgin Hotels Scotland Ltd (Registered number: SC682045)






Contents of the Financial Statements
for the Period 1 December 2021 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Elgin Hotels Scotland Ltd

Company Information
for the Period 1 December 2021 to 31 March 2023







DIRECTOR: V Oberoi





SECRETARY: V Oberoi





REGISTERED OFFICE: 55-57 West High Street
INVERURIE
AB51 3QQ





REGISTERED NUMBER: SC682045 (Scotland)





ACCOUNTANTS: Atholl Scott
55-57 West High Street
INVERURIE
AB51 3QQ

Elgin Hotels Scotland Ltd (Registered number: SC682045)

Balance Sheet
31 March 2023

Notes £   
FIXED ASSETS
Tangible assets 4 412,255

CURRENT ASSETS
Stocks 5 9,344
Debtors 6 26,911
Cash at bank and in hand 2,130
38,385
CREDITORS
Amounts falling due within one
year

7

(169,397

)
NET CURRENT LIABILITIES (131,012 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,243

PROVISIONS FOR LIABILITIES 8 (164 )
NET ASSETS 281,079

CAPITAL AND RESERVES
Called up share capital 9 559,000
Retained earnings 10 (277,921 )
SHAREHOLDERS' FUNDS 281,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 2 October 2023 and were signed by:




V Oberoi - Director


Elgin Hotels Scotland Ltd (Registered number: SC682045)

Notes to the Financial Statements
for the Period 1 December 2021 to 31 March 2023

1. STATUTORY INFORMATION

Elgin Hotels Scotland 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 represents amounts receivable for goods sold and services rendered during the year, exclusive of value added tax.

Tangible fixed assets
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
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
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.

Elgin Hotels Scotland Ltd (Registered number: SC682045)

Notes to the Financial Statements - continued
for the Period 1 December 2021 to 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 17 .

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
Additions 420,000 977 420,977
At 31 March 2023 420,000 977 420,977
DEPRECIATION
Charge for period 8,400 322 8,722
At 31 March 2023 8,400 322 8,722
NET BOOK VALUE
At 31 March 2023 411,600 655 412,255

5. STOCKS
£   
Stocks 9,344

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 19,784
Prepayments 7,127
26,911

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 51,605
PAYE 11,966
VAT 31,231
Other creditors 11,105
Net salary clearing account 2,195
Directors' loan accounts 10,934
Accrued expenses 50,361
169,397

8. PROVISIONS FOR LIABILITIES
£   
Deferred tax 164

Deferred
tax
£   
Provided during period 164
Balance at 31 March 2023 164

Elgin Hotels Scotland Ltd (Registered number: SC682045)

Notes to the Financial Statements - continued
for the Period 1 December 2021 to 31 March 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
5,590 Ordinary £100 559,000

10. RESERVES
Retained
earnings
£   

Deficit for the period (277,921 )
At 31 March 2023 (277,921 )

11. RELATED PARTY DISCLOSURES

During the year V Oberoi (director) made a loan to the company of £12,000 and the balance at the year end was £10,934. This loan is unsecured, interest free and repayable on demand.

Elgin Hotels Scotland Ltd

Report of the Accountants to the Director of
Elgin Hotels Scotland Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 March 2023 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report in accordance with the requirements of the Institute of Financial Accountants. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities and financial position of the company. You consider that the company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atholl Scott
55-57 West High Street
INVERURIE
AB51 3QQ


2 October 2023