IRIS Accounts Production v24.1.9.2 SC093074 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC0930742022-10-31SC0930742023-10-31SC0930742022-11-012023-10-31SC0930742021-10-31SC0930742021-11-012022-10-31SC0930742022-10-31SC093074ns15:Scotland2022-11-012023-10-31SC093074ns14:PoundSterling2022-11-012023-10-31SC093074ns10:Director12022-11-012023-10-31SC093074ns10:PrivateLimitedCompanyLtd2022-11-012023-10-31SC093074ns10:SmallEntities2022-11-012023-10-31SC093074ns10:AuditExemptWithAccountantsReport2022-11-012023-10-31SC093074ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-31SC093074ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-31SC093074ns10:FullAccounts2022-11-012023-10-31SC09307412022-11-012023-10-31SC093074ns10:Director22022-11-012023-10-31SC093074ns10:Director32022-11-012023-10-31SC093074ns10:Director42022-11-012023-10-31SC093074ns10:CompanySecretary12022-11-012023-10-31SC093074ns10:RegisteredOffice2022-11-012023-10-31SC093074ns5:CurrentFinancialInstruments2023-10-31SC093074ns5:CurrentFinancialInstruments2022-10-31SC093074ns5:ShareCapital2023-10-31SC093074ns5:ShareCapital2022-10-31SC093074ns5:RetainedEarningsAccumulatedLosses2023-10-31SC093074ns5:RetainedEarningsAccumulatedLosses2022-10-31SC093074ns5:NetGoodwill2022-11-012023-10-31SC093074ns5:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-31SC093074ns5:LandBuildings2022-11-012023-10-31SC093074ns5:PlantMachinery2022-11-012023-10-31SC093074ns5:NetGoodwill2022-10-31SC093074ns5:NetGoodwill2023-10-31SC093074ns5:NetGoodwill2022-10-31SC093074ns5:LandBuildings2022-10-31SC093074ns5:PlantMachinery2022-10-31SC093074ns5:LandBuildings2023-10-31SC093074ns5:PlantMachinery2023-10-31SC093074ns5:LandBuildings2022-10-31SC093074ns5:PlantMachinery2022-10-31SC093074ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-31SC093074ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: SC093074 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

MacKechnie Hotels (Oban) Limited

MacKechnie Hotels (Oban) Limited (Registered number: SC093074)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

MacKechnie Hotels (Oban) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: I MacKechnie
Mrs J Roberts
M Roberts
Mrs L Mackechnie





SECRETARY:





REGISTERED OFFICE: Ainsley Smith & Co
21 Argyll Square
Oban
Argyll
PA34 4AT





REGISTERED NUMBER: SC093074 (Scotland)





ACCOUNTANTS: Jean Ainsley. CA
Ainsley Smith & Co
Chartered Accountants
21 Argyll Square
Oban
Argyll
PA34 4AT

MacKechnie Hotels (Oban) Limited (Registered number: SC093074)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,250 50,250
Tangible assets 5 1,450,882 1,474,676
Investments 6 30,192 30,192
1,531,324 1,555,118

CURRENT ASSETS
Debtors 7 30,365 7,051
Cash at bank 157,474 222,354
187,839 229,405
CREDITORS
Amounts falling due within one year 8 714,710 766,049
NET CURRENT LIABILITIES (526,871 ) (536,644 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,004,453

1,018,474

PROVISIONS FOR LIABILITIES 21,000 21,000
NET ASSETS 983,453 997,474

CAPITAL AND RESERVES
Called up share capital 8,000 8,000
Retained earnings 975,453 989,474
SHAREHOLDERS' FUNDS 983,453 997,474

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

MacKechnie Hotels (Oban) Limited (Registered number: SC093074)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mrs J Roberts - Director


MacKechnie Hotels (Oban) Limited (Registered number: SC093074)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

MacKechnie Hotels (Oban) 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.

Goodwill
Goodwill, represents £225,000 being the amount paid in connection with previous acquisitions of business's in 2006, 2008 & 2010, In Each case this is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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.

3. EMPLOYEES AND DIRECTORS

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

MacKechnie Hotels (Oban) Limited (Registered number: SC093074)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 225,000
AMORTISATION
At 1 November 2022
and 31 October 2023 174,750
NET BOOK VALUE
At 31 October 2023 50,250
At 31 October 2022 50,250

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 1,440,935 730,656 2,171,591
Additions - 16,192 16,192
At 31 October 2023 1,440,935 746,848 2,187,783
DEPRECIATION
At 1 November 2022 336,915 360,000 696,915
Charge for year 22,080 17,906 39,986
At 31 October 2023 358,995 377,906 736,901
NET BOOK VALUE
At 31 October 2023 1,081,940 368,942 1,450,882
At 31 October 2022 1,104,020 370,656 1,474,676

6. FIXED ASSET INVESTMENTS

The total fixed asset investment includes an additional shareholding of 4000 £1 shares in Columba Hotel (Oban) Ltd. This represents 100% ownership in this undertaking. The shareholders swapped their shares in Columba Hotel (Oban) Ltd for new shares allotted by MacKechnie Hotels (Oban) Ltd.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 27,745 7,051
Other debtors 2,620 -
30,365 7,051

MacKechnie Hotels (Oban) Limited (Registered number: SC093074)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 4,357 6,784
Taxation and social security 61,000 67,376
Other creditors 649,353 691,889
714,710 766,049

MacKechnie Hotels (Oban) Limited

Report of the Accountants to the Directors of
MacKechnie Hotels (Oban) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Jean Ainsley. CA
Ainsley Smith & Co
Chartered Accountants
21 Argyll Square
Oban
Argyll
PA34 4AT


Date: .............................................