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REGISTERED NUMBER: SC280805 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Ban-Car Hotel Limited

Ban-Car Hotel Limited (Registered number: SC280805)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ban-Car Hotel Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs C L Gibbins
Mr D A Gibbins





REGISTERED OFFICE: Ban-Car Hotel
Main Road
Lonmay
Fraserburgh
Aberdeenshire
AB43 8RL





REGISTERED NUMBER: SC280805 (Scotland)





ACCOUNTANTS: SBP
Accountants
2 Cross Street
Fraserburgh
Aberdeenshire
AB43 9EQ

Ban-Car Hotel Limited (Registered number: SC280805)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,093,626 1,112,680

CURRENT ASSETS
Stocks 14,254 8,890
Debtors 5 39,841 18,511
Cash at bank and in hand 34,673 75,789
88,768 103,190
CREDITORS
Amounts falling due within one year 6 358,019 330,496
NET CURRENT LIABILITIES (269,251 ) (227,306 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

824,375

885,374

CREDITORS
Amounts falling due after more than one
year

7

(272,932

)

(323,929

)

PROVISIONS FOR LIABILITIES (6,506 ) (5,515 )
NET ASSETS 544,937 555,930

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 534,937 545,930
544,937 555,930

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.

Ban-Car Hotel Limited (Registered number: SC280805)

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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by:




Mr D A Gibbins - Director



Mrs C L Gibbins - Director


Ban-Car Hotel Limited (Registered number: SC280805)

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

1. STATUTORY INFORMATION

Ban-Car 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 represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 1% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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 Statement of Income and Retained Earnings, 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.

Ban-Car Hotel Limited (Registered number: SC280805)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 44 (2022 - 38 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 1,104,627 18,450 285,305
Additions - 705 315
At 31 March 2023 1,104,627 19,155 285,620
DEPRECIATION
At 1 April 2022 29,631 12,154 262,020
Charge for year 11,046 1,750 5,900
At 31 March 2023 40,677 13,904 267,920
NET BOOK VALUE
At 31 March 2023 1,063,950 5,251 17,700
At 31 March 2022 1,074,996 6,296 23,285

Ban-Car Hotel Limited (Registered number: SC280805)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 14,845 4,198 1,427,425
Additions - 1,591 2,611
At 31 March 2023 14,845 5,789 1,430,036
DEPRECIATION
At 1 April 2022 7,243 3,697 314,745
Charge for year 1,901 1,068 21,665
At 31 March 2023 9,144 4,765 336,410
NET BOOK VALUE
At 31 March 2023 5,701 1,024 1,093,626
At 31 March 2022 7,602 501 1,112,680

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 10,995
DEPRECIATION
At 1 April 2022 3,652
Charge for year 1,836
At 31 March 2023 5,488
NET BOOK VALUE
At 31 March 2023 5,507
At 31 March 2022 7,343

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 38,339 16,890
Other debtors 1,502 1,621
39,841 18,511

Ban-Car Hotel Limited (Registered number: SC280805)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 44,485 44,241
Hire purchase contracts 1,528 2,620
Trade creditors 33,372 29,740
Taxation and social security 49,958 37,215
Other creditors 228,676 216,680
358,019 330,496

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 272,932 322,401
Hire purchase contracts - 1,528
272,932 323,929

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 147,517 177,717

8. SECURED DEBTS

The Royal Bank of Scotland PLC hold a bond and floating charge over the assets of the company in respect of current borrowings and any that may arise.

9. RELATED PARTY DISCLOSURES

The Directors operate current accounts with the company and as at 31st March 2023 the combined balance owing to them was £199,587 (2022: £204,136). Whilst the loan is considered short term, there are no specific terms of repayment and no interest is accrued.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who between them own 100% of the issued share capital.