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REGISTERED NUMBER: SC314100 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

The Tontine Hotel Limited

The Tontine Hotel Limited (Registered number: SC314100)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


The Tontine Hotel Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J Nelis
Mrs V Nelis





SECRETARY: Mrs V Nelis





REGISTERED OFFICE: 6 Ardgowan Square
Greenock
Renfrewshire
PA16 8NG





REGISTERED NUMBER: SC314100 (Scotland)





ACCOUNTANTS: McDougall Johnstone
280a St Vincent Street
Glasgow
G2 5RL

The Tontine Hotel Limited (Registered number: SC314100)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 591,025 662,344

CURRENT ASSETS
Stocks 17,781 19,355
Debtors 308,492 19,739
Cash at bank and in hand 321,125 558,022
647,398 597,116
CREDITORS
Amounts falling due within one year (250,234 ) (449,082 )
NET CURRENT ASSETS 397,164 148,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

988,189

810,378

PROVISIONS FOR LIABILITIES (7,408 ) (4,306 )
NET ASSETS 980,781 806,072

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 980,779 806,070
980,781 806,072

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Tontine Hotel Limited (Registered number: SC314100)

Abridged Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 October 2023 and were signed on its behalf by:





J Nelis - Director


The Tontine Hotel Limited (Registered number: SC314100)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

The Tontine Hotel 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.
Improvements to property - 25% on reducing balance and 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures, fittings & equipment - 20% 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2022 - 54 ) .

The Tontine Hotel Limited (Registered number: SC314100)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 1,614,163
Additions 6,788
At 31 March 2023 1,620,951
DEPRECIATION
At 1 April 2022 951,819
Charge for year 78,107
At 31 March 2023 1,029,926
NET BOOK VALUE
At 31 March 2023 591,025
At 31 March 2022 662,344

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end there is a balance owed by the directors of £283,055 (2022: -£160,352)

6. RELATED PARTY DISCLOSURES

Rent of £70,000 has been charged to the company by the partnership of Joe and Veronica Nelis, directors and shareholders of the company.

7. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.