Company Registration No. SC120809 (Scotland)
ANGUS HOTEL LIMITED
Management Report
for the year ended 31 October 2023
ANGUS HOTEL LIMITED
Management Report
Contents
ANGUS HOTEL LIMITED
Company Information
for the year ended 31 October 2023
Company Number
SC120809 (Scotland)
Registered Office
Suite 2/3
48 West George Street
Glasgow
Scotland
G2 1BP
United Kingdom
Accountants
BCi Accountants
Suite 2/3 - 48
West George Street
Glasgow
Scotland
G2 1BP
ANGUS HOTEL LIMITED
Accountants' report
Accountants' report to the director of ANGUS HOTEL LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ANGUS HOTEL LIMITED for the year ended
31 October 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ANGUS HOTEL LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ANGUS HOTEL LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ANGUS HOTEL LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ANGUS HOTEL LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ANGUS HOTEL LIMITED. You consider that ANGUS 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 accounts of ANGUS 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 accounts.
BCi Accountants
Suite 2/3 - 48
West George Street
Glasgow
Scotland
G2 1BP
15 November 2023
ANGUS HOTEL LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
3,134,874
3,144,874
Cash at bank and in hand
5,815
8,102
Creditors: amounts falling due within one year
(179,659)
(184,698)
Net current liabilities
(159,576)
(149,878)
Total assets less current liabilities
2,975,298
2,994,996
Creditors: amounts falling due after more than one year
(2,140,430)
(2,160,430)
Net assets
834,868
834,566
Called up share capital
795,955
795,955
Profit and loss account
38,913
38,611
Shareholders' funds
834,868
834,566
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 November 2023 and were signed on its behalf by
Nazim Bashir
Director
Company Registration No. SC120809
ANGUS HOTEL LIMITED
Notes to the Accounts
for the year ended 31 October 2023
ANGUS HOTEL LIMITED is a private company, limited by shares, registered in Scotland, registration number SC120809. The registered office is Suite 2/3, 48 West George Street, Glasgow, Scotland, G2 1BP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight Line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 November 2022
2,580,000
682,540
3,262,540
At 31 October 2023
2,580,000
682,540
3,262,540
At 1 November 2022
-
117,666
117,666
Charge for the year
-
10,000
10,000
At 31 October 2023
-
127,666
127,666
At 31 October 2023
2,580,000
554,874
3,134,874
At 31 October 2022
2,580,000
564,874
3,144,874
Amounts falling due after more than one year
Amounts due from group undertakings etc.
14,268
26,718
ANGUS HOTEL LIMITED
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
179,659
184,698
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
2,140,430
2,160,430
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).