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REGISTERED NUMBER: SC367395 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Rowardennan Hotel Ltd

Rowardennan Hotel Ltd (Registered number: SC367395)






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


Rowardennan Hotel Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S Allison
A Allison





REGISTERED OFFICE: 2 Stewart Street
Milngavie
Glasgow
G62 6BW





REGISTERED NUMBER: SC367395 (Scotland)





ACCOUNTANTS: Bell Barr & Company
Chartered Accountants
2 Stewart Street
Milngavie
Glasgow
G62 6BW

Rowardennan Hotel Ltd (Registered number: SC367395)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 343,296 392,783

CURRENT ASSETS
Stocks 7,500 7,500
Debtors 5 11,667 51,798
Cash at bank and in hand 32,627 60,528
51,794 119,826
CREDITORS
Amounts falling due within one year 6 224,103 288,261
NET CURRENT LIABILITIES (172,309 ) (168,435 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,987

224,348

CREDITORS
Amounts falling due after more than one
year

7

(448,841

)

(531,594

)

PROVISIONS FOR LIABILITIES (12,026 ) -
NET LIABILITIES (289,880 ) (307,246 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (289,980 ) (307,346 )
SHAREHOLDERS' FUNDS (289,880 ) (307,246 )

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.

Rowardennan Hotel Ltd (Registered number: SC367395)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by:





S Allison - Director


Rowardennan Hotel Ltd (Registered number: SC367395)

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

1. STATUTORY INFORMATION

Rowardennan Hotel 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.

The company is supported by a loan from the directors. The directors have reviewed the company's operating costs for the next twelve months, and the sources of funds available, and are satisfied that the company is a going concern.

Turnover
Turnover represents the value of all goods and services sold during the year, exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Rowardennan Hotel Ltd (Registered number: SC367395)

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

Operating lease agreements
Rentals payable under operating leases are charged to the profit and loss account over the period of the lease.

Cash at bank
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2022 576,514 49,727 399,037
Additions - 1,850 9,833
Disposals - - -
At 31 March 2023 576,514 51,577 408,870
DEPRECIATION
At 1 April 2022 305,566 18,181 318,499
Charge for year 41,737 5,009 13,556
Eliminated on disposal - - -
At 31 March 2023 347,303 23,190 332,055
NET BOOK VALUE
At 31 March 2023 229,211 28,387 76,815
At 31 March 2022 270,948 31,546 80,538

Rowardennan Hotel Ltd (Registered number: SC367395)

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 50,551 4,272 1,080,101
Additions 3,500 2,570 17,753
Disposals (17,011 ) - (17,011 )
At 31 March 2023 37,040 6,842 1,080,843
DEPRECIATION
At 1 April 2022 41,475 3,597 687,318
Charge for year 2,135 766 63,203
Eliminated on disposal (12,974 ) - (12,974 )
At 31 March 2023 30,636 4,363 737,547
NET BOOK VALUE
At 31 March 2023 6,404 2,479 343,296
At 31 March 2022 9,076 675 392,783

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 11,667 51,798

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 80,887 67,744
Trade creditors 35,921 21,689
Taxation and social security 7,398 9,672
Other creditors 99,897 189,156
224,103 288,261

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 248,841 331,594
Other creditors 200,000 200,000
448,841 531,594

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 35,620

Rowardennan Hotel Ltd (Registered number: SC367395)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 70,000 70,000
Between one and five years 60,603 130,603
130,603 200,603

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 329,728 399,338

The bank loan is secured by a floating charge over the assets of the company together with a floating charge over the assets of Rowardennan Developments Ltd, a company under common control.