Silverfin false 30/04/2023 01/05/2022 30/04/2023 Ian John Anderson 15/08/2018 Kellie Jayne Spooner 06/02/2012 15 January 2024 The principal activity of the Company during the financial year was that of hoteliers. SC416243 2023-04-30 SC416243 bus:Director1 2023-04-30 SC416243 bus:Director2 2023-04-30 SC416243 2022-04-30 SC416243 core:CurrentFinancialInstruments 2023-04-30 SC416243 core:CurrentFinancialInstruments 2022-04-30 SC416243 core:Non-currentFinancialInstruments 2023-04-30 SC416243 core:Non-currentFinancialInstruments 2022-04-30 SC416243 core:ShareCapital 2023-04-30 SC416243 core:ShareCapital 2022-04-30 SC416243 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC416243 core:RetainedEarningsAccumulatedLosses 2022-04-30 SC416243 core:LandBuildings 2022-04-30 SC416243 core:PlantMachinery 2022-04-30 SC416243 core:Vehicles 2022-04-30 SC416243 core:FurnitureFittings 2022-04-30 SC416243 core:OfficeEquipment 2022-04-30 SC416243 core:LandBuildings 2023-04-30 SC416243 core:PlantMachinery 2023-04-30 SC416243 core:Vehicles 2023-04-30 SC416243 core:FurnitureFittings 2023-04-30 SC416243 core:OfficeEquipment 2023-04-30 SC416243 core:MoreThanFiveYears 2023-04-30 SC416243 core:MoreThanFiveYears 2022-04-30 SC416243 2021-04-30 SC416243 bus:OrdinaryShareClass1 2023-04-30 SC416243 2022-05-01 2023-04-30 SC416243 bus:FullAccounts 2022-05-01 2023-04-30 SC416243 bus:SmallEntities 2022-05-01 2023-04-30 SC416243 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 SC416243 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 SC416243 bus:Director1 2022-05-01 2023-04-30 SC416243 bus:Director2 2022-05-01 2023-04-30 SC416243 core:LandBuildings core:TopRangeValue 2022-05-01 2023-04-30 SC416243 core:PlantMachinery 2022-05-01 2023-04-30 SC416243 core:Vehicles 2022-05-01 2023-04-30 SC416243 core:FurnitureFittings 2022-05-01 2023-04-30 SC416243 core:OfficeEquipment 2022-05-01 2023-04-30 SC416243 2021-05-01 2022-04-30 SC416243 core:LandBuildings 2022-05-01 2023-04-30 SC416243 core:Non-currentFinancialInstruments 2022-05-01 2023-04-30 SC416243 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 SC416243 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC416243 (Scotland)

ABERLOUR HOTEL LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH THE REGISTRAR

ABERLOUR HOTEL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023

Contents

ABERLOUR HOTEL LTD

BALANCE SHEET

AS AT 30 APRIL 2023
ABERLOUR HOTEL LTD

BALANCE SHEET (continued)

AS AT 30 APRIL 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 452,426 483,874
452,426 483,874
Current assets
Stocks 24,575 24,575
Debtors 4 121,787 88,899
Cash at bank and in hand 79,930 108,420
226,292 221,894
Creditors: amounts falling due within one year 5 ( 160,617) ( 104,480)
Net current assets 65,675 117,414
Total assets less current liabilities 518,101 601,288
Creditors: amounts falling due after more than one year 6 ( 702,260) ( 755,180)
Provision for liabilities 7 ( 9,654) 0
Net liabilities ( 193,813) ( 153,892)
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account ( 193,913 ) ( 153,992 )
Total shareholders' deficit ( 193,813) ( 153,892)

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Aberlour Hotel Ltd (registered number: SC416243) were approved and authorised for issue by the Director on 15 January 2024. They were signed on its behalf by:

Kellie Jayne Spooner
Director
ABERLOUR HOTEL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023
ABERLOUR HOTEL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Aberlour Hotel Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 87 High Street, Charlestown Of Aberlour, AB38 9QB, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £153,892. The Company is supported through a long term loan from a third party with whom there is a formal agreement. The balance sheet demonstrates a net current asset position and the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 25 years straight line
Plant and machinery 15 % reducing balance
Vehicles 15 % reducing balance
Fixtures and fittings 15 % reducing balance
Office equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans,are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 29 20

3. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £ £
Cost
At 01 May 2022 467,747 236,940 74,000 170,129 21,423 970,239
Additions 0 0 0 18,067 1,008 19,075
At 30 April 2023 467,747 236,940 74,000 188,196 22,431 989,314
Accumulated depreciation
At 01 May 2022 182,199 187,009 5,550 96,228 15,379 486,365
Charge for the financial year 18,710 7,490 10,268 12,745 1,310 50,523
At 30 April 2023 200,909 194,499 15,818 108,973 16,689 536,888
Net book value
At 30 April 2023 266,838 42,441 58,182 79,223 5,742 452,426
At 30 April 2022 285,548 49,931 68,450 73,901 6,044 483,874

4. Debtors

2023 2022
£ £
Trade debtors 16,158 6,309
Corporation tax 21,524 20,689
Other debtors 84,105 61,901
121,787 88,899

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 9,888 9,644
Trade creditors 36,407 9,418
Taxation and social security 61,320 36,580
Other creditors 53,002 48,838
160,617 104,480

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 25,058 34,945
Other creditors 677,202 720,235
702,260 755,180

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2023 2022
£ £
Other creditors (repayable by instalments) 512,271 563,157

7. Deferred tax

2023 2022
£ £
At the beginning of financial year 0 0
Charged to the Profit and Loss Account ( 9,654) 0
At the end of financial year ( 9,654) 0

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts owed by directors 64,373 61,901

The amount above includes interest charged at a rate of 2% and has no fixed terms of repayment. No amounts were waived or repaid during the period.