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REGISTERED NUMBER: SC427303 (Scotland)















Financial Statements For The Year Ended 30 June 2023

for

Hilditch Inns (Linlithgow) Limited

Hilditch Inns (Linlithgow) Limited (Registered number: SC427303)






Contents of the Financial Statements
For The Year Ended 30 June 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Hilditch Inns (Linlithgow) Limited

Company Information
For The Year Ended 30 June 2023







DIRECTORS: C Hilditch
Mrs G J Hilditch





REGISTERED OFFICE: 25 Ballencrieff Mill
Balmuir Road
Bathgate
EH48 4LL





REGISTERED NUMBER: SC427303 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Hilditch Inns (Linlithgow) Limited (Registered number: SC427303)

Abridged Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,982 5,862
Investment property 5 400,000 350,000
404,982 355,862

CURRENT ASSETS
Debtors 136,991 90,811
Cash at bank 4,083 5,193
141,074 96,004
CREDITORS
Amounts falling due within one year 144,473 181,021
NET CURRENT LIABILITIES (3,399 ) (85,017 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

401,583

270,845

CREDITORS
Amounts falling due after more than one
year

6

(100,600

)

(35,333

)

PROVISIONS FOR LIABILITIES (21,549 ) (12,216 )
NET ASSETS 279,434 223,296

CAPITAL AND RESERVES
Called up share capital 100 100
Fair Value Reserve 125,888 86,002
Retained earnings 153,446 137,194
SHAREHOLDERS' FUNDS 279,434 223,296

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.

Hilditch Inns (Linlithgow) Limited (Registered number: SC427303)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income 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:





C Hilditch - Director


Hilditch Inns (Linlithgow) Limited (Registered number: SC427303)

Notes to the Financial Statements
For The Year Ended 30 June 2023

1. STATUTORY INFORMATION

Hilditch Inns (Linlithgow) 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. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is stated net of VAT. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Comprehensive Income.

Financial instruments
The company hold basic financial instruments which are recognised at cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Hilditch Inns (Linlithgow) Limited (Registered number: SC427303)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 24,759
DEPRECIATION
At 1 July 2022 18,897
Charge for year 880
At 30 June 2023 19,777
NET BOOK VALUE
At 30 June 2023 4,982
At 30 June 2022 5,862

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 350,000
Additions 50,000
At 30 June 2023 400,000
NET BOOK VALUE
At 30 June 2023 400,000
At 30 June 2022 350,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2017 350,000
Valuation in 2023 50,000
400,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 66,795 -

Hilditch Inns (Linlithgow) Limited (Registered number: SC427303)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank Loans 100,128 -
Other Loans 12,438 40,633
112,566 40,633

Tennent's Caledonian Breweries UK Limited hold a bond and float charge over all assets of the company for all amounts due.