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REGISTERED NUMBER: SC288115 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Lairg Hotels Limited

Lairg Hotels Limited (Registered number: SC288115)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Lairg Hotels Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: R C Logan





REGISTERED OFFICE: 11 Coates Gardens
Edinburgh
Midlothian
EH12 5LG





REGISTERED NUMBER: SC288115 (Scotland)





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

Lairg Hotels Limited (Registered number: SC288115)

Abridged Balance Sheet
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,656,441 3,663,873
3,656,441 3,663,873

CURRENT ASSETS
Stocks 2,250 2,000
Debtors 504,401 -
Cash at bank 2,270,523 1,790,908
2,777,174 1,792,908
CREDITORS
Amounts falling due within one year (484,981 ) (394,368 )
NET CURRENT ASSETS 2,292,193 1,398,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,948,634

5,062,413

PROVISIONS FOR LIABILITIES (7,494 ) (10,020 )
NET ASSETS 5,941,140 5,052,393

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,941,040 5,052,293
SHAREHOLDERS' FUNDS 5,941,140 5,052,393

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Lairg Hotels Limited (Registered number: SC288115)

Abridged Balance Sheet - continued
31 August 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 August 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 director and authorised for issue on 12 November 2023 and were signed by:





R C Logan - Director


Lairg Hotels Limited (Registered number: SC288115)

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

1. STATUTORY INFORMATION

Lairg Hotels 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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of eight 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Property improvements - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 10% on cost



Depreciation is not charged on buildings due to their high residual values. The company has a policy of regular maintenance and repair.

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

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 26 (2022 - 16 ) .

Lairg Hotels Limited (Registered number: SC288115)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022
and 31 August 2023 550,500
AMORTISATION
At 1 September 2022
and 31 August 2023 550,500
NET BOOK VALUE

At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 3,976,202
Additions 18,908
At 31 August 2023 3,995,110
DEPRECIATION
At 1 September 2022 312,329
Charge for year 26,340
At 31 August 2023 338,669
NET BOOK VALUE
At 31 August 2023 3,656,441
At 31 August 2022 3,663,873

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end there is a balance owed from the director, Mr R Logan, of £504,401 (2022: -£41,470), of which interest has been charged at 4%.

7. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr R Logan.