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REGISTERED NUMBER: SC233073 (Scotland)















Financial Statements For The Year Ended 30 June 2023

for

Hilditch Inns Limited

Hilditch Inns Limited (Registered number: SC233073)






Contents of the Financial Statements
For The Year Ended 30 June 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Hilditch Inns Limited

Company Information
For The Year Ended 30 June 2023







DIRECTORS: C Hilditch
Mrs M Hilditch



SECRETARY: C Hilditch



REGISTERED OFFICE: 25 Ballencrieff Mill
Balmuir Road
Bathgate
EH48 4LL



REGISTERED NUMBER: SC233073 (Scotland)



ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ



SOLICITORS: Wright Johnston & Mackenzie LLP
302 St Vincent Street
Glasgow
G2 5RZ

Hilditch Inns Limited (Registered number: SC233073)

Abridged Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 244,981 263,511
Investments 5 454,086 438,869
699,067 702,380

CURRENT ASSETS
Stocks 5,702 7,162
Debtors 360,203 388,816
Cash at bank and in hand 35,401 26,891
401,306 422,869
CREDITORS
Amounts falling due within one year 100,264 104,176
NET CURRENT ASSETS 301,042 318,693
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,000,109

1,021,073

CREDITORS
Amounts falling due after more than one
year

6

(18,871

)

(19,388

)

PROVISIONS FOR LIABILITIES (4,611 ) (5,955 )
NET ASSETS 976,627 995,730

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 975,627 994,730
SHAREHOLDERS' FUNDS 976,627 995,730

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

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

Hilditch Inns Limited (Registered number: SC233073)

Abridged Statement of Financial Position - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

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





C Hilditch - Director


Hilditch Inns Limited (Registered number: SC233073)

Notes to the Financial Statements
For The Year Ended 30 June 2023

1. STATUTORY INFORMATION

Hilditch Inns 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% 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 holds basic financial instrument which are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of comprehensive income.

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 statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 the statement of comprehensive income in the period to which they relate.

Hilditch Inns Limited (Registered number: SC233073)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Investments
Investments held as fixed assets are included at fair value. Movements in fair value are recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 314,329
Additions 843
At 30 June 2023 315,172
DEPRECIATION
At 1 July 2022 50,818
Charge for year 19,373
At 30 June 2023 70,191
NET BOOK VALUE
At 30 June 2023 244,981
At 30 June 2022 263,511

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 July 2022 438,869
Revaluations 15,217
At 30 June 2023 454,086
NET BOOK VALUE
At 30 June 2023 454,086
At 30 June 2022 438,869

Cost or valuation at 30 June 2023 is represented by:
Totals
£   
Valuation in 2023 454,086

Hilditch Inns Limited (Registered number: SC233073)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 6,418 -

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 21,795 29,412

Loans are secured by the Royal Bank of Scotland PLC against the property owned by Hilditch Inns Limited.

8. RELATED PARTY DISCLOSURES

The amounts owed to the directors at the year end was £49,253 (2022: £51,253 owed to directors).