1 October 2022 false No description of principal activity Taxfiler 2023.10.1 SC578281business:PrivateLimitedCompanyLtd2022-10-012023-09-30 SC5782812022-09-30 SC5782812022-10-012023-09-30 SC578281business:AuditExemptWithAccountantsReport2022-10-012023-09-30 SC578281business:FilletedAccounts2022-10-012023-09-30 SC5782812023-09-30 SC578281business:Director12022-10-012023-09-30 SC578281business:Director22022-10-012023-09-30 SC578281business:RegisteredOffice2022-10-012023-09-30 SC5782812022-09-30 SC578281core:WithinOneYear2023-09-30 SC578281core:WithinOneYear2022-09-30 SC578281core:AfterOneYear2023-09-30 SC578281core:AfterOneYear2022-09-30 SC578281core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 SC578281core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 SC578281core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 SC578281core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 SC578281core:PreviouslyStatedAmount2023-09-30 SC578281core:PreviouslyStatedAmount2022-09-30 SC578281business:SmallEntities2022-10-012023-09-30 SC578281countries:Scotland2022-10-012023-09-30 SC578281core:LandBuildings2022-10-012023-09-30 SC578281core:FurnitureFittings2022-10-012023-09-30 SC578281core:Goodwill2022-09-30 SC578281core:Goodwill2023-09-30 SC578281core:Goodwill2022-10-012023-09-30 SC578281core:LandBuildings2022-09-30 SC578281core:FurnitureFittings2022-09-30 SC578281core:LandBuildings2023-09-30 SC578281core:FurnitureFittings2023-09-30 SC5782812021-10-012022-09-30 iso4217:GBP xbrli:pure
Company Registration No. SC578281 (Scotland)
Fife Hotels Limited Unaudited accounts for the year ended 30 September 2023
Fife Hotels Limited Unaudited accounts Contents
Page
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Fife Hotels Limited Company Information for the year ended 30 September 2023
Directors
Jason Paul Borthwick Victoria Ann Hewitt Borthwick
Company Number
SC578281 (Scotland)
Registered Office
BURNTISLAND SANDS HOTEL LOCHIES ROAD BURNTISLAND KY3 9JX UNITED KINGDOM
Accountants
Oak Team Associates Limited 272 Bath Street Glasgow G2 4JR
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Fife Hotels Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
56,000 
60,000 
Tangible assets
305,220 
325,919 
361,220 
385,919 
Current assets
Debtors
52,623 
87,425 
Creditors: amounts falling due within one year
(12,948)
(35,327)
Net current assets
39,675 
52,098 
Total assets less current liabilities
400,895 
438,017 
Creditors: amounts falling due after more than one year
(255,449)
(280,174)
Net assets
145,446 
157,843 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
145,444 
157,841 
Shareholders' funds
145,446 
157,843 
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
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
Jason Paul Borthwick Director Company Registration No. SC578281
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Fife Hotels Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Fife Hotels Limited is a private company, limited by shares, registered in Scotland, registration number SC578281. The registered office is BURNTISLAND SANDS HOTEL, LOCHIES ROAD, BURNTISLAND, KY3 9JX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation charged
Fixtures & fittings
20% on a straight line basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2022
80,000 
At 30 September 2023
80,000 
Amortisation
At 1 October 2022
20,000 
Charge for the year
4,000 
At 30 September 2023
24,000 
Net book value
At 30 September 2023
56,000 
At 30 September 2022
60,000 
Intangible assets comprise of goodwill on the acquisition of the business. This is amortised over a period of 20 years on a straight line basis.
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Fife Hotels Limited Notes to the Accounts for the year ended 30 September 2023
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2022
285,000 
103,496 
388,496 
At 30 September 2023
285,000 
103,496 
388,496 
Depreciation
At 1 October 2022
- 
62,577 
62,577 
Charge for the year
- 
20,699 
20,699 
At 30 September 2023
- 
83,276 
83,276 
Net book value
At 30 September 2023
285,000 
20,220 
305,220 
At 30 September 2022
285,000 
40,919 
325,919 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
52,623 
87,425 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Taxes and social security
1,948 
327 
Loans from directors
1,000 
25,000 
12,948 
35,327 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
255,449 
280,174 
9
Average number of employees
During the year the average number of employees was 0 (2022: 12).
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