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REGISTERED NUMBER: SC246808 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

CARRBRIDGE HOTEL LTD.

CARRBRIDGE HOTEL LTD. (REGISTERED NUMBER: SC246808)






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


CARRBRIDGE HOTEL LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: C Watt
Mrs T M Watt





SECRETARY: C Watt





REGISTERED OFFICE: Carrbridge Hotel
Carrbridge
Inverness-shire
PH23 3AB





REGISTERED NUMBER: SC246808 (Scotland)

CARRBRIDGE HOTEL LTD. (REGISTERED NUMBER: SC246808)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,627,132 1,587,265

CURRENT ASSETS
Stocks 11,110 8,104
Debtors 6 106,540 82,896
Cash at bank 27,237 16,327
144,887 107,327
CREDITORS
Amounts falling due within one year 7 205,703 215,556
NET CURRENT LIABILITIES (60,816 ) (108,229 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,566,316

1,479,036

CREDITORS
Amounts falling due after more than one
year

8

(1,311,688

)

(1,376,009

)

PROVISIONS FOR LIABILITIES (104,703 ) (68,508 )
NET ASSETS 149,925 34,519

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 148,925 33,519
SHAREHOLDERS' FUNDS 149,925 34,519

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.

CARRBRIDGE HOTEL LTD. (REGISTERED NUMBER: SC246808)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:





C Watt - Director


CARRBRIDGE HOTEL LTD. (REGISTERED NUMBER: SC246808)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Carrbridge 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. 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.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance and 10% 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.

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.

CARRBRIDGE HOTEL LTD. (REGISTERED NUMBER: SC246808)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 30 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 1,330,921 986,947 2,317,868
Additions - 94,201 94,201
Disposals - (18,950 ) (18,950 )
At 31 March 2023 1,330,921 1,062,198 2,393,119
DEPRECIATION
At 1 April 2022 87,130 643,473 730,603
Charge for year 11,618 36,088 47,706
Eliminated on disposal - (12,322 ) (12,322 )
At 31 March 2023 98,748 667,239 765,987
NET BOOK VALUE
At 31 March 2023 1,232,173 394,959 1,627,132
At 31 March 2022 1,243,791 343,474 1,587,265

CARRBRIDGE HOTEL LTD. (REGISTERED NUMBER: SC246808)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,820 3,292
Other debtors 87,720 79,604
106,540 82,896

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 95,000 95,000
Trade creditors 35,124 39,880
Taxation and social security 53,838 55,158
Other creditors 21,741 25,518
205,703 215,556

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 766,667 861,667
Other creditors 545,021 514,342
1,311,688 1,376,009

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 440,000 495,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 861,667 956,667

The Royal Bank of Scotland holds a bond and floating charge over the assets of the company. The bank loan is secured by a standard security on Carrbridge Hotel, Main Street, Carrbridge.

10. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous year by the directors, Colin and Teresa Watt, who own the issued share capital of the company.