Company registration number SC338016 (Scotland)
SUTHERLAND HOSPITALITY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
SUTHERLAND HOSPITALITY LIMITED
COMPANY INFORMATION
Directors
Mr J Sutherland
Mr R Sutherland
Company number
SC338016
Registered office
7 Broomyknowe
Edinburgh
EH14 1JZ
Accountants
MHA
Chartered Accountants
6 St Colme Street
Edinburgh
EH3 6AD
SUTHERLAND HOSPITALITY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
SUTHERLAND HOSPITALITY LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
14,629
16,448
Current assets
Stocks
14,734
21,376
Debtors
5
31,446
471,573
Cash at bank and in hand
56,640
107,641
102,820
600,590
Creditors: amounts falling due within one year
6
(82,816)
(85,444)
Net current assets
20,004
515,146
Total assets less current liabilities
34,633
531,594
Provisions for liabilities
(3,640)
(4,095)
Net assets
30,993
527,499
Capital and reserves
Called up share capital
7
10,001
10,000
Share premium account
48
-
0
Profit and loss reserves
20,944
517,499
Total equity
30,993
527,499
SUTHERLAND HOSPITALITY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -

For the financial year ended 30 April 2024 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 October 2024 and are signed on its behalf by:
Mr J Sutherland
Director
Company registration number SC338016 (Scotland)
SUTHERLAND HOSPITALITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information

Sutherland Hospitality Limited is a private company limited by shares incorporated in Scotland. The registered office is 7 Broomyknowe, Edinburgh, EH14 1JZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents amounts receivable for goods net of VAT.

1.4
Intangible fixed assets

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Lease premium - straight line over the life of the lease.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stock

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

SUTHERLAND HOSPITALITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Debtors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Creditors

Creditors with no stated interest rate and payable within one year are recorded at transaction price.

 

All interest bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable. After initial recognition they are measured at amortised cost.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

SUTHERLAND HOSPITALITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 5 -
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
26
27
3
Intangible fixed assets
Intangible assets
£
Cost
At 1 May 2023 and 30 April 2024
159,516
Amortisation and impairment
At 1 May 2023 and 30 April 2024
159,516
Carrying amount
At 30 April 2024
-
0
At 30 April 2023
-
0
SUTHERLAND HOSPITALITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023
66,267
Additions
4,595
At 30 April 2024
70,862
Depreciation and impairment
At 1 May 2023
49,819
Depreciation charged in the year
6,414
At 30 April 2024
56,233
Carrying amount
At 30 April 2024
14,629
At 30 April 2023
16,448
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
31,446
471,573
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
23,262
25,450
Corporation tax, other taxation and social security
39,096
37,847
Other creditors
20,458
22,147
82,816
85,444
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
5,000
10,000
5,000
10,000
B Ordinary shares of £1 each
5,000
-
5,000
-
C Ordinary shares of £1 each
1
-
1
-
10,001
10,000
10,001
10,000
SUTHERLAND HOSPITALITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
7
Called up share capital
(Continued)
- 7 -

On 30 May 2023 10,000 £1 Ordinary shares were redesignated to 5,000 £1 A shares and 5,000 £1 B shares. On the same day 1 £1 C share was allotted.

8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
158,212
241,068
9
Related party transactions

The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.

2024-04-302023-05-01false02 October 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMr A SutherlandMr J SutherlandMr R SutherlandMrs S SutherlandfalsefalseSC3380162023-05-012024-04-30SC338016bus:Director22023-05-012024-04-30SC338016bus:Director32023-05-012024-04-30SC338016bus:Director12023-05-012024-04-30SC338016bus:Director42023-05-012024-04-30SC338016bus:RegisteredOffice2023-05-012024-04-30SC3380162024-04-30SC3380162023-04-30SC338016core:OtherPropertyPlantEquipment2024-04-30SC338016core:OtherPropertyPlantEquipment2023-04-30SC338016core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-30SC338016core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-30SC338016core:Non-currentFinancialInstruments2024-04-30SC338016core:CurrentFinancialInstruments2023-04-30SC338016core:ShareCapital2024-04-30SC338016core:ShareCapital2023-04-30SC338016core:SharePremium2024-04-30SC338016core:SharePremium2023-04-30SC338016core:RetainedEarningsAccumulatedLosses2024-04-30SC338016core:RetainedEarningsAccumulatedLosses2023-04-30SC338016core:ShareCapitalOrdinaryShares2024-04-30SC338016core:ShareCapitalOrdinaryShares2023-04-30SC338016core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-30SC338016core:FurnitureFittings2023-05-012024-04-30SC3380162022-05-012023-04-30SC338016core:NetGoodwill2023-04-30SC338016core:NetGoodwill2024-04-30SC338016core:NetGoodwill2023-04-30SC338016core:OtherPropertyPlantEquipment2023-04-30SC338016core:OtherPropertyPlantEquipment2023-05-012024-04-30SC338016core:WithinOneYear2024-04-30SC338016core:WithinOneYear2023-04-30SC338016core:CurrentFinancialInstruments2024-04-30SC338016bus:PrivateLimitedCompanyLtd2023-05-012024-04-30SC338016bus:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC338016bus:FRS1022023-05-012024-04-30SC338016bus:AuditExemptWithAccountantsReport2023-05-012024-04-30SC338016bus:FullAccounts2023-05-012024-04-30xbrli:purexbrli:sharesiso4217:GBP