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REGISTERED NUMBER: SC623006 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MacPherson Hotels Ltd

MacPherson Hotels Ltd (Registered number: SC623006)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MacPherson Hotels Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: E MacPherson
Mrs L MacPherson





SECRETARY:





REGISTERED OFFICE: Lagavulin
Shore Road
North Connel
Oban
Argyll
PA37 1RD





REGISTERED NUMBER: SC623006 (Scotland)





ACCOUNTANTS: A.G.L. Accountancy Services Limited
Flat 2
20 Harlow Moor Drive
Harrogate
North Yorkshire
HG2 0JX

MacPherson Hotels Ltd (Registered number: SC623006)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,265,977 1,209,140

CURRENT ASSETS
Stocks 3,500 3,500
Debtors 5 18,523 8,389
Cash at bank and in hand 396,241 76,915
418,264 88,804
CREDITORS
Amounts falling due within one year 6 1,060,977 982,092
NET CURRENT LIABILITIES (642,713 ) (893,288 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

623,264

315,852

CREDITORS
Amounts falling due after more than one
year

7

247,335

11,383
NET ASSETS 375,929 304,469

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 375,729 304,269
SHAREHOLDERS' FUNDS 375,929 304,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

MacPherson Hotels Ltd (Registered number: SC623006)

Balance Sheet - continued
31 March 2024


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 24 July 2024 and were signed on its behalf by:




Mrs L MacPherson - Director



E MacPherson - Director


MacPherson Hotels Ltd (Registered number: SC623006)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

MacPherson Hotels 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.

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.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance and 15% 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.

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.

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 24 (2023 - 26 ) .

MacPherson Hotels Ltd (Registered number: SC623006)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 952,407 359,260 1,311,667
Additions - 181,295 181,295
Disposals - (101,964 ) (101,964 )
At 31 March 2024 952,407 438,591 1,390,998
DEPRECIATION
At 1 April 2023 - 102,527 102,527
Charge for year - 56,733 56,733
Eliminated on disposal - (34,239 ) (34,239 )
At 31 March 2024 - 125,021 125,021
NET BOOK VALUE
At 31 March 2024 952,407 313,570 1,265,977
At 31 March 2023 952,407 256,733 1,209,140

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,391 3,540
Other debtors 11,132 4,849
18,523 8,389

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 22,956
Trade creditors 34,048 22,328
Taxation and social security 189,563 61,261
Other creditors 837,366 875,547
1,060,977 982,092

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 11,383
Other creditors 247,335 -
247,335 11,383

MacPherson Hotels Ltd (Registered number: SC623006)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100
50 Ordinary "B" 1 50 50
50 Ordinary "C" 1 50 50
200 200