IRIS Accounts Production v24.2.0.383 SC192961 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1929612023-01-31SC1929612024-01-31SC1929612023-02-012024-01-31SC1929612022-01-31SC1929612022-02-012023-01-31SC1929612023-01-31SC192961ns15:Scotland2023-02-012024-01-31SC192961ns14:PoundSterling2023-02-012024-01-31SC192961ns10:Director12023-02-012024-01-31SC192961ns10:PrivateLimitedCompanyLtd2023-02-012024-01-31SC192961ns10:SmallEntities2023-02-012024-01-31SC192961ns10:AuditExemptWithAccountantsReport2023-02-012024-01-31SC192961ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-31SC192961ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC192961ns10:FullAccounts2023-02-012024-01-31SC192961ns10:Director22023-02-012024-01-31SC192961ns10:Director32023-02-012024-01-31SC192961ns10:Director42023-02-012024-01-31SC192961ns10:Director52023-02-012024-01-31SC192961ns10:CompanySecretary12023-02-012024-01-31SC192961ns10:RegisteredOffice2023-02-012024-01-31SC192961ns5:CurrentFinancialInstruments2024-01-31SC192961ns5:CurrentFinancialInstruments2023-01-31SC192961ns5:Non-currentFinancialInstruments2024-01-31SC192961ns5:Non-currentFinancialInstruments2023-01-31SC192961ns5:ShareCapital2024-01-31SC192961ns5:ShareCapital2023-01-31SC192961ns5:RetainedEarningsAccumulatedLosses2024-01-31SC192961ns5:RetainedEarningsAccumulatedLosses2023-01-31SC192961ns5:ShortLeaseholdAssetsns5:LandBuildings2023-02-012024-01-31SC192961ns5:PlantMachinery2023-02-012024-01-31SC192961ns5:FurnitureFittings2023-02-012024-01-31SC192961ns5:MotorVehicles2023-02-012024-01-31SC192961ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-31SC192961ns5:PlantMachinery2023-01-31SC192961ns5:FurnitureFittings2023-01-31SC192961ns5:MotorVehicles2023-01-31SC192961ns5:ShortLeaseholdAssetsns5:LandBuildings2024-01-31SC192961ns5:PlantMachinery2024-01-31SC192961ns5:FurnitureFittings2024-01-31SC192961ns5:MotorVehicles2024-01-31SC192961ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-31SC192961ns5:PlantMachinery2023-01-31SC192961ns5:FurnitureFittings2023-01-31SC192961ns5:MotorVehicles2023-01-31SC192961ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-31SC192961ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: SC192961 (Scotland)















Unaudited Financial Statements for the Year Ended 31st January 2024

for

Loch Torridon Hotel Limited

Loch Torridon Hotel Limited (Registered number: SC192961)

Contents of the Financial Statements
for the year ended 31st January 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Loch Torridon Hotel Limited

Company Information
for the year ended 31st January 2024







Directors: R Aitchison
G Gregory
D M Gregory
R Rose-Bristow
D Rose-Bristow





Secretary: R Rose-Bristow





Registered office: Torridon
Achnasheen
Wester Ross
IV22 2EY





Registered number: SC192961 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Loch Torridon Hotel 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Loch Torridon Hotel Limited for the year ended 31st January 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Loch Torridon Hotel Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Loch Torridon Hotel Limited and state those matters that we have agreed to state to the Board of Directors of Loch Torridon Hotel Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Loch Torridon Hotel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Loch Torridon Hotel Limited. You consider that Loch Torridon Hotel Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Loch Torridon Hotel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


19th August 2024

Loch Torridon Hotel Limited (Registered number: SC192961)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 684,739 755,804

Current assets
Stocks 93,093 97,319
Debtors 5 44,317 31,332
Cash at bank 1,317,798 1,792,148
1,455,208 1,920,799
Creditors
Amounts falling due within one year 6 1,239,578 1,637,046
Net current assets 215,630 283,753
Total assets less current liabilities 900,369 1,039,557

Creditors
Amounts falling due after more than one
year

7

(152,183

)

(267,692

)

Provisions for liabilities (86,568 ) (73,417 )
Net assets 661,618 698,448

Capital and reserves
Called up share capital 1,100 1,100
Retained earnings 660,518 697,348
661,618 698,448

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

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

Loch Torridon Hotel Limited (Registered number: SC192961)

Balance Sheet - continued
31st January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th August 2024 and were signed on its behalf by:





D Rose-Bristow - Director


Loch Torridon Hotel Limited (Registered number: SC192961)

Notes to the Financial Statements
for the year ended 31st January 2024


1. Statutory information

Loch Torridon Hotel 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.
Short leasehold - Straight line over 18 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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 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.

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.

Loch Torridon Hotel Limited (Registered number: SC192961)

Notes to the Financial Statements - continued
for the year ended 31st January 2024


2. Accounting policies - continued

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.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3. Employees and directors

The average number of employees during the year was 55 (2023 - 51 ) .

4. Tangible fixed assets
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1st February 2023 1,334,674 672,759 726,757 73,092 2,807,282
Additions 43,947 46,401 - 28,333 118,681
Disposals - - - (18,345 ) (18,345 )
At 31st January 2024 1,378,621 719,160 726,757 83,080 2,907,618
Depreciation
At 1st February 2023 888,192 454,545 643,965 64,776 2,051,478
Charge for year 97,650 66,162 12,419 7,711 183,942
Eliminated on disposal - - - (12,541 ) (12,541 )
At 31st January 2024 985,842 520,707 656,384 59,946 2,222,879
Net book value
At 31st January 2024 392,779 198,453 70,373 23,134 684,739
At 31st January 2023 446,482 218,214 82,792 8,316 755,804

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 4,249 2,829
Other debtors 40,068 28,503
44,317 31,332

Loch Torridon Hotel Limited (Registered number: SC192961)

Notes to the Financial Statements - continued
for the year ended 31st January 2024


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 101,090 177,192
Trade creditors 258,141 367,186
Taxation and social security 136,886 116,691
Other creditors 743,461 975,977
1,239,578 1,637,046

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 97,484 202,751
Other creditors 54,699 64,941
152,183 267,692