Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-30No description of principal activity2021-12-01falsefalse3838trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC049652 2021-12-01 2022-11-30 SC049652 2020-12-01 2021-11-30 SC049652 2022-11-30 SC049652 2021-11-30 SC049652 c:Director1 2021-12-01 2022-11-30 SC049652 c:Director2 2021-12-01 2022-11-30 SC049652 c:RegisteredOffice 2021-12-01 2022-11-30 SC049652 c:Agent1 2021-12-01 2022-11-30 SC049652 d:Buildings 2021-12-01 2022-11-30 SC049652 d:Buildings 2022-11-30 SC049652 d:Buildings 2021-11-30 SC049652 d:Buildings d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 SC049652 d:Buildings d:LongLeaseholdAssets 2021-12-01 2022-11-30 SC049652 d:Buildings d:LongLeaseholdAssets 2022-11-30 SC049652 d:Buildings d:LongLeaseholdAssets 2021-11-30 SC049652 d:MotorVehicles 2021-12-01 2022-11-30 SC049652 d:MotorVehicles 2022-11-30 SC049652 d:MotorVehicles 2021-11-30 SC049652 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 SC049652 d:FurnitureFittings 2021-12-01 2022-11-30 SC049652 d:FurnitureFittings 2022-11-30 SC049652 d:FurnitureFittings 2021-11-30 SC049652 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 SC049652 d:OtherPropertyPlantEquipment 2021-12-01 2022-11-30 SC049652 d:OtherPropertyPlantEquipment 2022-11-30 SC049652 d:OtherPropertyPlantEquipment 2021-11-30 SC049652 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 SC049652 d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 SC049652 d:CurrentFinancialInstruments 2022-11-30 SC049652 d:CurrentFinancialInstruments 2021-11-30 SC049652 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 SC049652 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 SC049652 d:ShareCapital 2022-11-30 SC049652 d:ShareCapital 2021-11-30 SC049652 d:RetainedEarningsAccumulatedLosses 2022-11-30 SC049652 d:RetainedEarningsAccumulatedLosses 2021-11-30 SC049652 c:OrdinaryShareClass1 2021-12-01 2022-11-30 SC049652 c:OrdinaryShareClass1 2022-11-30 SC049652 c:OrdinaryShareClass1 2021-11-30 SC049652 c:FRS102 2021-12-01 2022-11-30 SC049652 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 SC049652 c:FullAccounts 2021-12-01 2022-11-30 SC049652 c:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 SC049652 d:WithinOneYear 2022-11-30 SC049652 d:WithinOneYear 2021-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC049652










BALLATHIE HOUSE HOTEL COMPANY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

 
BALLATHIE HOUSE HOTEL COMPANY LIMITED
 

COMPANY INFORMATION


Directors
J R Milligan 
M Milligan 




Registered number
SC049652



Registered office
Ballathie House
Kinclaven

By Stanley

Perthshire

PH1 4QN




Accountants
EQ Accountants LLP
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH




Bankers
Virgin Money
St John's Centre

Perth

United Kingdom

PH1 5UH




Solicitors
Shepherd and Wedderburn LLP

Aberdeen

AB25 1HF





 
BALLATHIE HOUSE HOTEL COMPANY LIMITED
REGISTERED NUMBER: SC049652

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2022

2022
2021
£
£

Fixed assets
  

Tangible assets
 4 
797,472
825,290

  
797,472
825,290

Current assets
  

Stocks
  
31,370
30,065

Debtors: amounts falling due within one year
 5 
429,567
355,009

Bank and cash balances
  
1,617
18,222

  
462,554
403,296

Creditors: amounts falling due within one year
 6 
(408,773)
(301,306)

Net current assets
  
 
 
53,781
 
 
101,990

Total assets less current liabilities
  
851,253
927,280

Provisions for liabilities
  

Deferred tax
  
(2,854)
-

  
 
 
(2,854)
 
 
-

Net assets
  
848,399
927,280


Capital and reserves
  

Called up share capital 
 7 
25,000
25,000

Profit and loss account
  
823,399
902,280

  
848,399
927,280


Page 1

 
BALLATHIE HOUSE HOTEL COMPANY LIMITED
REGISTERED NUMBER: SC049652

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Milligan
Director

Date: 16 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BALLATHIE HOUSE HOTEL COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1.


General information

Ballathie House Hotel Company Limited is a private company, limited by shares, incorporated in Scotland with registration number SC049652. The registered office is Ballathie House, Kinclaven, By Stanley, PH1 4QN.
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
BALLATHIE HOUSE HOTEL COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
BALLATHIE HOUSE HOTEL COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:.

Depreciation is provided on the following basis:

Fishing and sportman's lodges
-
2% straight line
Tenant's improvements
-
Straight line over lease term
Motor vehicles
-
33% straight line
Fixtures, fittings and equipment
-
10% to 25% straight line
Antiques
-
2% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 38 (2021 - 38).

Page 5

 
BALLATHIE HOUSE HOTEL COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

4.


Tangible fixed assets





Fishing and sportsman's lodges
Tenant's improvements
Motor vehicles
Fixtures, fittings and equipment
Antiques
Total

£
£
£
£
£
£



Cost or valuation


At 1 December 2021
1,375,326
440,868
62,045
1,288,607
32,226
3,199,072


Additions
-
-
-
4,100
-
4,100



At 30 November 2022

1,375,326
440,868
62,045
1,292,707
32,226
3,203,172



Depreciation


At 1 December 2021
577,182
440,868
62,045
1,283,061
10,626
2,373,782


Charge for the year on owned assets
27,507
-
-
3,766
645
31,918



At 30 November 2022

604,689
440,868
62,045
1,286,827
11,271
2,405,700



Net book value



At 30 November 2022
770,637
-
-
5,880
20,955
797,472



At 30 November 2021
798,144
-
-
5,546
21,600
825,290

5.


Debtors

2022
2021
£
£


Trade debtors
12,111
20,207

Amounts owed by group undertakings
340,648
274,914

Other debtors
76,808
42,991

Tax recoverable
-
16,897

429,567
355,009


Page 6

 
BALLATHIE HOUSE HOTEL COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank overdrafts
70,265
7,814

Trade creditors
94,849
92,266

Other taxation and social security
94,415
56,023

Other creditors
149,244
145,203

408,773
301,306


Bank overdrafts are secured by a floating charge and standard security over the assets of the company in favour of Virgin Money. 
Virgin Money holds an unlimited inter company guarantee between Ballathie House Hotel Company Limited and Ballathie Estates Limited, its parent company. At the year end, net borrowings amounted to £1,890,313 (2021 - £1,807,867).
 


7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



25,000 (2021 - 25,000) Ordinary shares of £1.00 each
25,000
25,000



8.


Commitments under operating leases

At 30 November 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
2021
£
£


Not later than 1 year
-
14,908

-
14,908


9.


Controlling party

The Company is a wholly owned subsidiary of Ballathie Estates Limited, a Company registered in Scotland. 


Page 7