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REGISTERED NUMBER: SC426709 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

HEATHER HILLS HOSPITALITY LTD

HEATHER HILLS HOSPITALITY LTD (REGISTERED NUMBER: SC426709)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HEATHER HILLS HOSPITALITY LTD

COMPANY INFORMATION
for the year ended 30 June 2023







DIRECTOR: Ms H E Wiggin



REGISTERED OFFICE: 20 Young Street
Edinburgh
EH2 4JB



REGISTERED NUMBER: SC426709 (Scotland)



ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ



BANKERS: HSBC
76 Hanover Street
Edinburgh
EH2 1EL



SOLICITORS: Russel & Aitken
27 Rutland Square
Edinburgh
EH1 2BU

HEATHER HILLS HOSPITALITY LTD (REGISTERED NUMBER: SC426709)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 43,840 54,400
Tangible assets 5 228,980 246,993
272,820 301,393

CURRENT ASSETS
Stocks 6 15,814 13,979
Debtors 7 30,897 30,887
Cash at bank and in hand 43,374 57,916
90,085 102,782
CREDITORS
Amounts falling due within one year 8 298,739 303,577
NET CURRENT LIABILITIES (208,654 ) (200,795 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,166

100,598

CREDITORS
Amounts falling due after more than one year 9 185,000 185,000
NET LIABILITIES (120,834 ) (84,402 )

CAPITAL AND RESERVES
Called up share capital 400,051 400,051
Retained earnings (520,885 ) (484,453 )
SHAREHOLDERS' FUNDS (120,834 ) (84,402 )

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 director acknowledges her 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 director and authorised for issue on 27 March 2024 and were signed by:





Ms H E Wiggin - Director


HEATHER HILLS HOSPITALITY LTD (REGISTERED NUMBER: SC426709)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2023


1. STATUTORY INFORMATION

Heather Hills Hospitality 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.

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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue to trade for the foreseeable future. The director will continue to support the company until sufficient profitability is achieved and on this basis considers it appropriate to prepare the accounts on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of 16 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land & buildings - at varying rates on cost
Tenants Improvement - at varying rates on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value.

Financial instruments
Bank and other loans are shown at amortised cost, with interest and up front charges in connection with the loans being allocated to accounting periods by applying the effective interest rate method.

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.

Deferred tax
Deferred tax is recognised in respect of all material 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.

HEATHER HILLS HOSPITALITY LTD (REGISTERED NUMBER: SC426709)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023


2. ACCOUNTING POLICIES - continued

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 19 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 160,000
AMORTISATION
At 1 July 2022 105,600
Charge for year 10,560
At 30 June 2023 116,160
NET BOOK VALUE
At 30 June 2023 43,840
At 30 June 2022 54,400

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 69,612 403,220 472,832
Additions - 15,102 15,102
At 30 June 2023 69,612 418,322 487,934
DEPRECIATION
At 1 July 2022 45,941 179,898 225,839
Charge for year 4,594 28,521 33,115
At 30 June 2023 50,535 208,419 258,954
NET BOOK VALUE
At 30 June 2023 19,077 209,903 228,980
At 30 June 2022 23,671 223,322 246,993

6. STOCKS
2023 2022
£    £   
Stocks 15,814 13,979

HEATHER HILLS HOSPITALITY LTD (REGISTERED NUMBER: SC426709)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,299 9,299
Other debtors 21,598 21,588
30,897 30,887

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,805 15,483
Taxation and social security 23,855 24,058
Other creditors 264,079 264,036
298,739 303,577

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 185,000 185,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 185,000 185,000

10. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £245,830 (2022: £295,830) being an annual commitment of £50,000.

11. RELATED PARTY DISCLOSURES

Included in Other Creditors at 30 June 2023 is a loan from a company controlled by the director of Heather Hills Hospitality Ltd of £230,767. The loan is unsecured and repayable on demand. Interest is payable at 1.5% per annum.