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REGISTERED NUMBER: SC692492 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Deovolente Hospitality Ltd

Deovolente Hospitality Ltd (Registered number: SC692492)

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


Deovolente Hospitality Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Jashpal Singh Thind
Baljit Gill Thind





REGISTERED OFFICE: Ayre Hotel
Ayre Road
Kirkwall
Orkney
KW15 1QX





REGISTERED NUMBER: SC692492 (Scotland)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Deovolente Hospitality Ltd (Registered number: SC692492)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Investments 4 2,749,212 2,746,832

CURRENT ASSETS
Debtors 5 1,670,026 1,650,026
Cash at bank and in hand 79,967 22,546
1,749,993 1,672,572
CREDITORS
Amounts falling due within one year 6 (1,713,047 ) (1,691,328 )
NET CURRENT ASSETS/(LIABILITIES) 36,946 (18,756 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,786,158

2,728,076

CREDITORS
Amounts falling due after more than
one year

7

(2,160,699

)

(2,220,425

)
NET ASSETS 625,459 507,651

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 625,457 507,649
SHAREHOLDERS' FUNDS 625,459 507,651

Deovolente Hospitality Ltd (Registered number: SC692492)

Balance Sheet - continued
31 March 2024


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.

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 19 November 2024 and were signed on its behalf by:





Jashpal Singh Thind - Director


Deovolente Hospitality Ltd (Registered number: SC692492)

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


1. STATUTORY INFORMATION

Deovolente Hospitality 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Deovolente Hospitality Ltd (Registered number: SC692492)

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


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 2,746,832
Additions 2,380
At 31 March 2024 2,749,212
NET BOOK VALUE
At 31 March 2024 2,749,212
At 31 March 2023 2,746,832

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 1,560,026 1,540,026
Other debtors 110,000 110,000
1,670,026 1,650,026

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 249,352 227,633
Other creditors 1,463,695 1,463,695
1,713,047 1,691,328

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 2,160,699 2,220,425

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 2,410,051 2,448,058

Deovolente Hospitality Ltd (Registered number: SC692492)

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


9. RELATED PARTY DISCLOSURES

As of 31 March 2024, the company was owed £110,000 (2023 - £110,000) from Assura
Hospitality Limited. ('Assura')

Mr and Mrs Thind were the directors of Assura as of 31 March 2024.