IRIS Accounts Production v23.4.0.336 SC048498 director 1.5.22 30.4.23 30.4.23 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC0484982022-04-30SC0484982023-04-30SC0484982022-05-012023-04-30SC0484982021-04-30SC0484982021-05-012022-04-30SC0484982022-04-30SC048498ns15:Scotland2022-05-012023-04-30SC048498ns14:PoundSterling2022-05-012023-04-30SC048498ns10:Director12022-05-012023-04-30SC048498ns10:PrivateLimitedCompanyLtd2022-05-012023-04-30SC048498ns10:SmallEntities2022-05-012023-04-30SC048498ns10:AuditExempt-NoAccountantsReport2022-05-012023-04-30SC048498ns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-30SC048498ns10:SmallCompaniesRegimeForAccounts2022-05-012023-04-30SC048498ns10:FullAccounts2022-05-012023-04-30SC048498ns10:OrdinaryShareClass12022-05-012023-04-30SC048498ns10:CompanySecretary12022-05-012023-04-30SC048498ns10:RegisteredOffice2022-05-012023-04-30SC048498ns5:CurrentFinancialInstruments2023-04-30SC048498ns5:CurrentFinancialInstruments2022-04-30SC048498ns5:Non-currentFinancialInstruments2023-04-30SC048498ns5:Non-currentFinancialInstruments2022-04-30SC048498ns5:ShareCapital2023-04-30SC048498ns5:ShareCapital2022-04-30SC048498ns5:RetainedEarningsAccumulatedLosses2023-04-30SC048498ns5:RetainedEarningsAccumulatedLosses2022-04-30SC048498ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-05-012023-04-30SC048498ns5:PlantMachinery2022-05-012023-04-30SC048498ns5:FurnitureFittings2022-05-012023-04-30SC048498ns5:MotorVehicles2022-05-012023-04-30SC048498ns5:LandBuildings2022-04-30SC048498ns5:PlantMachinery2022-04-30SC048498ns5:FurnitureFittings2022-04-30SC048498ns5:MotorVehicles2022-04-30SC048498ns5:LandBuildings2022-05-012023-04-30SC048498ns5:LandBuildings2023-04-30SC048498ns5:PlantMachinery2023-04-30SC048498ns5:FurnitureFittings2023-04-30SC048498ns5:MotorVehicles2023-04-30SC048498ns5:LandBuildings2022-04-30SC048498ns5:PlantMachinery2022-04-30SC048498ns5:FurnitureFittings2022-04-30SC048498ns5:MotorVehicles2022-04-30SC048498ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30SC048498ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-30SC048498ns10:OrdinaryShareClass12023-04-30SC048498ns5:RetainedEarningsAccumulatedLosses2022-04-30SC048498ns5:RetainedEarningsAccumulatedLosses2022-05-012023-04-30
REGISTERED NUMBER: SC048498 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Borrodale Hotel (South Uist) Limited

Borrodale Hotel (South Uist) Limited (Registered number: SC048498)






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


Borrodale Hotel (South Uist) Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Mr Stephen Joseph Peteranna





SECRETARY: Mrs Chrisella Peteranna





REGISTERED OFFICE: 239 Garryhallie
Daliburgh
Lochboisdale
South Uist
HS8 5SX





REGISTERED NUMBER: SC048498 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Borrodale Hotel (South Uist) Limited (Registered number: SC048498)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128,786 135,376

CURRENT ASSETS
Stock 23,003 14,875
Debtors 5 22,663 17,767
Investments 6 100 100
Cash at bank and in hand 19,006 70,712
64,772 103,454
CREDITORS
Amounts falling due within one year 7 110,369 117,148
NET CURRENT LIABILITIES (45,597 ) (13,694 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,189

121,682

CREDITORS
Amounts falling due after more than one
year

8

46,136

70,828
NET ASSETS 37,053 50,854

CAPITAL AND RESERVES
Called up share capital 9 30,000 30,000
Retained earnings 10 7,053 20,854
SHAREHOLDERS' FUNDS 37,053 50,854

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 director acknowledges his 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.

Borrodale Hotel (South Uist) Limited (Registered number: SC048498)

Balance Sheet - continued
30 April 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





Mr Stephen Joseph Peteranna - Director


Borrodale Hotel (South Uist) Limited (Registered number: SC048498)

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

1. STATUTORY INFORMATION

Borrodale Hotel (South Uist) 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.
Heritable property - 2% on cost
Plant and machinery - 15% on reducing balance
Fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Borrodale Hotel (South Uist) Limited (Registered number: SC048498)

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.

Grants
Grants receivable in respect of capital expenditure are being written off evenly over first ten years to reflect the useful life of the fixed assets acquired.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 26 ) .

Borrodale Hotel (South Uist) Limited (Registered number: SC048498)

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

4. TANGIBLE FIXED ASSETS
Fittings
Heritable Plant and and Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 May 2022 199,834 67,449 201,667 4,112 473,062
Additions - - 1,918 - 1,918
At 30 April 2023 199,834 67,449 203,585 4,112 474,980
DEPRECIATION
At 1 May 2022 92,605 61,952 180,568 2,561 337,686
Charge for year 3,996 826 3,453 233 8,508
At 30 April 2023 96,601 62,778 184,021 2,794 346,194
NET BOOK VALUE
At 30 April 2023 103,233 4,671 19,564 1,318 128,786
At 30 April 2022 107,229 5,497 21,099 1,551 135,376

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,663 17,767

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Investment 100 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 12,921
Trade creditors 55,088 20,305
Taxation and social security 23,377 22,469
Other creditors 21,904 61,453
110,369 117,148

Borrodale Hotel (South Uist) Limited (Registered number: SC048498)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 27,992 36,894
Other creditors 18,144 33,934
46,136 70,828

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
30,000 Ordinary shares £1 30,000 30,000

10. RESERVES
Retained
earnings
£   

At 1 May 2022 20,854
Deficit for the year (13,801 )
At 30 April 2023 7,053