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REGISTERED NUMBER: SC606229 (Scotland)















THE DUMFRIES ARMS HOTEL LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024






THE DUMFRIES ARMS HOTEL LTD (REGISTERED NUMBER: SC606229)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE DUMFRIES ARMS HOTEL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: K Lennox
H McSeveney
K Miller





REGISTERED OFFICE: 54 Glaisnock Street
Cumnock
Ayrshire
KA18 1BY





REGISTERED NUMBER: SC606229 (Scotland)





ACCOUNTANTS: JRD Partnership Ltd
Chartered Accountants
11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT

THE DUMFRIES ARMS HOTEL LTD (REGISTERED NUMBER: SC606229)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,074 75,689

CURRENT ASSETS
Stocks 14,818 10,699
Debtors 5 341,284 40,400
Cash at bank and in hand 76,691 321,768
432,793 372,867
CREDITORS
Amounts falling due within one year 6 229,696 179,395
NET CURRENT ASSETS 203,097 193,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,171

269,161

CREDITORS
Amounts falling due after more than one year 7 13,333 23,333
NET ASSETS 294,838 245,828

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 294,837 245,827
294,838 245,828

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.

THE DUMFRIES ARMS HOTEL LTD (REGISTERED NUMBER: SC606229)

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 Income Statement has not been delivered.

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





K Lennox - Director


THE DUMFRIES ARMS HOTEL LTD (REGISTERED NUMBER: SC606229)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024


1. STATUTORY INFORMATION

The Dumfries Arms Hotel 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.

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.

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.

THE DUMFRIES ARMS HOTEL LTD (REGISTERED NUMBER: SC606229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 41 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023 132,917
Additions 65,511
At 31st January 2024 198,428
DEPRECIATION
At 1st February 2023 57,228
Charge for year 36,126
At 31st January 2024 93,354
NET BOOK VALUE
At 31st January 2024 105,074
At 31st January 2023 75,689

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors (277 ) 7,802
Other debtors 341,561 32,598
341,284 40,400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 30,254 3,163
Taxation and social security 100,691 93,377
Other creditors 88,751 72,855
229,696 179,395

THE DUMFRIES ARMS HOTEL LTD (REGISTERED NUMBER: SC606229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,333 23,333

8. RELATED PARTY DISCLOSURES

At the balance sheet date there were loans outstanding from the directors totalling £121,689. This included a short tem loan of £100,000 which was repaid during March 2024. The remaining balance was fully repaid prior to the approval of these financial statements. Interest of £540 was charged during the year.