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REGISTERED NUMBER: SC377683 (Scotland)















Unaudited Financial Statements

for the Period 1 June 2022 to 30 June 2023

for

Killin Hotel Limited

Killin Hotel Limited (Registered number: SC377683)

Contents of the Financial Statements
for the Period 1 June 2022 to 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Killin Hotel Limited

Company Information
for the Period 1 June 2022 to 30 June 2023







DIRECTORS: Mr Narendra Patel
Mrs Kalpana Patel





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





REGISTERED NUMBER: SC377683 (Scotland)





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

Killin Hotel Limited (Registered number: SC377683)

Balance Sheet
30 June 2023

30.6.23 31.5.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 208,914 86,006

CURRENT ASSETS
Stocks 10,135 10,135
Debtors 5 1,383,545 773,449
Cash at bank and in hand 765,525 390,326
2,159,205 1,173,910
CREDITORS
Amounts falling due within one year 6 (584,423 ) (170,158 )
NET CURRENT ASSETS 1,574,782 1,003,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,783,696

1,089,758

CREDITORS
Amounts falling due after more than
one year

7

(77,402

)

-

PROVISIONS FOR LIABILITIES (35,480 ) (9,973 )
NET ASSETS 1,670,814 1,079,785

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,670,812 1,079,783
SHAREHOLDERS' FUNDS 1,670,814 1,079,785

Killin Hotel Limited (Registered number: SC377683)

Balance Sheet - continued
30 June 2023


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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 30 January 2024 and were signed on its behalf by:





Mr Narendra Patel - Director


Killin Hotel Limited (Registered number: SC377683)

Notes to the Financial Statements
for the Period 1 June 2022 to 30 June 2023


1. STATUTORY INFORMATION

Killin Hotel 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.

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.

Freehold property - 5% on Cost
Fixtures and fittings - 25% on Reducing balance method
Motor vehicles - 25% on Reducing balance method

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 period 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.


Killin Hotel Limited (Registered number: SC377683)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 30 June 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 period 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 period was 17 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2022 250,269 19,561 - 269,830
Additions - 34,637 120,360 154,997
At 30 June 2023 250,269 54,198 120,360 424,827
DEPRECIATION
At 1 June 2022 174,586 9,238 - 183,824
Charge for period 13,557 6,959 11,573 32,089
At 30 June 2023 188,143 16,197 11,573 215,913
NET BOOK VALUE
At 30 June 2023 62,126 38,001 108,787 208,914
At 31 May 2022 75,683 10,323 - 86,006

Killin Hotel Limited (Registered number: SC377683)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 30 June 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 31.5.22
£    £   
Trade debtors 54,846 5,859
Amounts owed by group undertakings 171,302 -
Other debtors 1,157,397 767,590
1,383,545 773,449

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 31.5.22
£    £   
Hire purchase contracts 19,770 -
Trade creditors 89,343 15,466
Taxation and social security 231,661 86,067
Other creditors 243,649 68,625
584,423 170,158

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 31.5.22
£    £   
Hire purchase contracts 77,402 -