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REGISTERED NUMBER: SC400895 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

BANCHORY LODGE LTD.

BANCHORY LODGE LTD. (REGISTERED NUMBER: SC400895)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BANCHORY LODGE LTD.

Company Information
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Miss C A Fowler
A Burgess





REGISTERED OFFICE: 28 Albyn Place
Aberdeen
United Kingdom
AB10 1YL





REGISTERED NUMBER: SC400895 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

BANCHORY LODGE LTD. (REGISTERED NUMBER: SC400895)

Balance Sheet
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 6,335
Tangible assets 5 1,815,327 1,802,046
1,815,327 1,808,381

CURRENT ASSETS
Stocks 6 32,347 33,492
Debtors 7 104,911 88,440
Cash at bank and in hand 697 74,139
137,955 196,071
CREDITORS
Amounts falling due within one year 8 1,052,259 933,430
NET CURRENT LIABILITIES (914,304 ) (737,359 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

901,023

1,071,022

CREDITORS
Amounts falling due after more than one
year

9

892,381

946,323
NET ASSETS 8,642 124,699

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 707,184 707,184
Retained earnings (699,542 ) (583,485 )
SHAREHOLDERS' FUNDS 8,642 124,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

BANCHORY LODGE LTD. (REGISTERED NUMBER: SC400895)

Balance Sheet - continued
30 JUNE 2023


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 Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





Miss C A Fowler - Director


BANCHORY LODGE LTD. (REGISTERED NUMBER: SC400895)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Banchory Lodge 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

BANCHORY LODGE LTD. (REGISTERED NUMBER: SC400895)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

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 84 (2022 - 93 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 June 2023 20,000
AMORTISATION
At 1 July 2022 13,665
Charge for year 6,335
At 30 June 2023 20,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 6,335

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 1,147,242 532,478 1,088,557 43,898 2,812,175
Additions - 68,112 23,966 3,969 96,047
At 30 June 2023 1,147,242 600,590 1,112,523 47,867 2,908,222
DEPRECIATION
At 1 July 2022 118,029 34,739 817,091 40,270 1,010,129
Charge for year 11,472 7,871 58,473 4,950 82,766
At 30 June 2023 129,501 42,610 875,564 45,220 1,092,895
NET BOOK VALUE
At 30 June 2023 1,017,741 557,980 236,959 2,647 1,815,327
At 30 June 2022 1,029,213 497,739 271,466 3,628 1,802,046

BANCHORY LODGE LTD. (REGISTERED NUMBER: SC400895)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. STOCKS
30.6.23 30.6.22
£    £   
Stocks 32,347 33,492

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 19,217 19,948
Other debtors 11,572 9,303
Prepayments 74,122 59,189
104,911 88,440

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 82,746 59,552
Trade creditors 199,030 165,780
Tax 3 3
Social security and other taxes 19,403 28,310
VAT 62,362 60,817
Other creditors 650,824 333,059
Directors' current accounts - 255,000
Accrued expenses 37,891 30,909
1,052,259 933,430

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 59,552 59,552
Bank loans - 2-5 years 89,610 143,552
Bank loans more 5 yr by instal 743,219 743,219
892,381 946,323

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 743,219 743,219