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REGISTERED NUMBER: SC488900 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BENNACHIE LODGE LIMITED

BENNACHIE LODGE LIMITED (REGISTERED NUMBER: SC488900)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

BENNACHIE LODGE LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: Mr I K Mcdonald
Mrs C Mcdonald
Mrs N M Murphy
Mr K Murphy





REGISTERED OFFICE: Stephen House
Morrison Way
Kintore
Inverurie
Aberdeenshire
AB51 0TH





REGISTERED NUMBER: SC488900 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS

BENNACHIE LODGE LIMITED (REGISTERED NUMBER: SC488900)

BALANCE SHEET
31 October 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 19,676 15,196
Investment property 6 584,084 584,084
603,760 599,280

CURRENT ASSETS
Debtors 7 858 3,600
Cash at bank 30,752 25,303
31,610 28,903
CREDITORS
Amounts falling due within one year 8 762,819 753,058
NET CURRENT LIABILITIES (731,209 ) (724,155 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(127,449

)

(124,875

)

PROVISIONS FOR LIABILITIES 3,738 -
NET LIABILITIES (131,187 ) (124,875 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (131,287 ) (124,975 )
SHAREHOLDERS' FUNDS (131,187 ) (124,875 )

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

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

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 29 February 2024 and were signed on its behalf by:



Mr K Murphy - Director


BENNACHIE LODGE LIMITED (REGISTERED NUMBER: SC488900)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Bennachie Lodge 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis which assumes the company will continue trading for a period of no less than 12 months from the date of this report.

The directors acknowledge the negative balance sheet position and have given assurance that they will continue to support the company in order for it to meet it's obligations as they fall due by making funds available and not calling on the director's loan accounts for repayment until the company is in such a position to be able to make repayments.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery25% Reducing Balance
Office Equipment25% Reducing Balance
Fixtures & Fitting25% Reducing Balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
The gain or loss arising on the disposal of an asset is determined as the difference between the proceeds and the carrying value of the asset and is included in the profit and loss account.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets which include trade & other debtors, cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers significant risk and reward of ownership to another entity.

Basic financial liabilities
Basic financial liabilities which include trade and other creditors are recognised at transaction price including transaction cost.

Financial liabilities are derecognised when the company's contractual obligations are discharged.


BENNACHIE LODGE LIMITED (REGISTERED NUMBER: SC488900)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 16,801 34,975 - 2,507 54,283
Additions - - 8,545 - 8,545
At 31 October 2023 16,801 34,975 8,545 2,507 62,828
DEPRECIATION
At 1 November 2022 7,787 29,163 - 2,137 39,087
Charge for year 2,253 1,453 267 92 4,065
At 31 October 2023 10,040 30,616 267 2,229 43,152
NET BOOK VALUE
At 31 October 2023 6,761 4,359 8,278 278 19,676
At 31 October 2022 9,014 5,812 - 370 15,196

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 584,084
NET BOOK VALUE
At 31 October 2023 584,084
At 31 October 2022 584,084

BENNACHIE LODGE LIMITED (REGISTERED NUMBER: SC488900)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

6. INVESTMENT PROPERTY - continued

Investment property comprises of the hotel building. The fair value of the investment property has been arrived at on the basis of the valuation carried out by D M Hall in September 2015, chartered surveyors, on an open market value basis.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors - 3,600
Other debtors 858 -
858 3,600

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Taxation and social security 1,173 207
Other creditors 761,646 752,851
762,819 753,058

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
as restated
£    £   
I McDoncald 518,948 508,654

The company has granted a standard security in favour of I Mcdonald over the property known as Bennachie Lodge Hotel, Victoria Terrace Kemnay.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
as restated
£    £   
Mr I K Mcdonald
Balance outstanding at start of year (508,654 ) (508,654 )
Amounts repaid (10,294 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (518,948 ) (508,654 )

Mrs C Mcdonald
Balance outstanding at start of year (6,225 ) (6,225 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,225 ) (6,225 )

BENNACHIE LODGE LIMITED (REGISTERED NUMBER: SC488900)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs N M Murphy
Balance outstanding at start of year (23,638 ) (23,638 )
Amounts repaid (22,488 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (46,126 ) (23,638 )

Mr K Murphy
Balance outstanding at start of year (23,865 ) (23,865 )
Amounts repaid (22,488 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (46,353 ) (23,865 )

11. RELATED PARTY DISCLOSURES

Rood Signs Limited is a company under common control of two of the directors, K & N Murphy.

As at the year end, the company was due a balance of £143,243 (2022: £143,243) to Rood Signs Limited.
The loan is interest free and has no set repayment terms.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of it's directors, by virtue of their 100% combined ownership of the issued share capital.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BENNACHIE LODGE LIMITED (REGISTERED NUMBER: SC488900)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bennachie Lodge Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Bennachie Lodge Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bennachie Lodge Limited and state those matters that we have agreed to state to the Board of Directors of Bennachie Lodge Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bennachie Lodge Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bennachie Lodge Limited. You consider that Bennachie Lodge Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bennachie Lodge Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS


29 February 2024