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REGISTERED NUMBER: SC174427 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Lochaber Hotels Limited

Lochaber Hotels Limited (Registered number: SC174427)

Contents of the Financial Statements
for the Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lochaber Hotels Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr Narendra Patel
Mrs Kalpana Patel





REGISTERED OFFICE: The Moorings Hotel
Banavie
Fort William
PH33 7LY





REGISTERED NUMBER: SC174427 (Scotland)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Lochaber Hotels Limited (Registered number: SC174427)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,021,805 2,872,079

CURRENT ASSETS
Stocks 12,000 12,000
Debtors 5 133,431 61,922
Cash at bank and in hand 320,535 150,090
465,966 224,012
CREDITORS
Amounts falling due within one year 6 (594,839 ) (405,533 )
NET CURRENT LIABILITIES (128,873 ) (181,521 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,892,932

2,690,558

CREDITORS
Amounts falling due after more than
one year

7

(928,738

)

(977,483

)

PROVISIONS FOR LIABILITIES (210,635 ) (132,941 )
NET ASSETS 1,753,559 1,580,134

CAPITAL AND RESERVES
Called up share capital 47,500 47,500
Share premium 427,500 427,500
Retained earnings 1,278,559 1,105,134
SHAREHOLDERS' FUNDS 1,753,559 1,580,134

Lochaber Hotels Limited (Registered number: SC174427)

Balance Sheet - continued
30 April 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 18 January 2024 and were signed on its behalf by:





Mr Narendra Patel - Director


Lochaber Hotels Limited (Registered number: SC174427)

Notes to the Financial Statements
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Lochaber Hotels 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Lochaber Hotels Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 and machinery - 4% on reducing balance
Fixtures and fittings - 4% on reducing balance
Motor vehicles - 25% 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.


Lochaber Hotels Limited (Registered number: SC174427)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2022 2,167,178 380,867 928,243
Additions 7,812 6,449 101,635
At 30 April 2023 2,174,990 387,316 1,029,878
DEPRECIATION
At 1 May 2022 - 196,415 407,794
Charge for year - 7,589 22,467
At 30 April 2023 - 204,004 430,261
NET BOOK VALUE
At 30 April 2023 2,174,990 183,312 599,617
At 30 April 2022 2,167,178 184,452 520,449

Lochaber Hotels Limited (Registered number: SC174427)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2022 - 22,503 3,498,791
Additions 76,663 - 192,559
At 30 April 2023 76,663 22,503 3,691,350
DEPRECIATION
At 1 May 2022 - 22,503 626,712
Charge for year 12,777 - 42,833
At 30 April 2023 12,777 22,503 669,545
NET BOOK VALUE
At 30 April 2023 63,886 - 3,021,805
At 30 April 2022 - - 2,872,079

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 34,887 46,911
Other debtors 98,544 15,011
133,431 61,922

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 121,404 121,404
Hire purchase contracts 12,688 -
Trade creditors 101,124 43,288
Taxation and social security 126,823 133,250
Other creditors 232,800 107,591
594,839 405,533

Lochaber Hotels Limited (Registered number: SC174427)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 885,988 977,483
Hire purchase contracts 42,750 -
928,738 977,483

8. RELATED PARTY DISCLOSURES

During the year, the company has received £21,292.14 (2022 - NIL) as management charge income from Killin hotel limited.
Mr Narendra Patel & Mrs Kalpana Patel are directors of Killin hotel limited.