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REGISTERED NUMBER: SC296009 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

The Winnock Hotel (Drymen) Limited

The Winnock Hotel (Drymen) Limited (Registered number: SC296009)

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


The Winnock Hotel (Drymen) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Baljit Gill Thind
Jashpal Singh Thind





REGISTERED OFFICE: The Winnock Hotel
The Square
Drymen
G63 0BL





REGISTERED NUMBER: SC296009 (Scotland)





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

The Winnock Hotel (Drymen) Limited (Registered number: SC296009)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 85,029 121,216
Tangible assets 5 2,963,937 3,001,866
3,048,966 3,123,082

CURRENT ASSETS
Stocks 22,278 29,240
Debtors 6 293,910 219,330
Cash at bank and in hand 190,217 114,881
506,405 363,451
CREDITORS
Amounts falling due within one year 7 (2,142,067 ) (2,007,874 )
NET CURRENT LIABILITIES (1,635,662 ) (1,644,423 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,413,304

1,478,659

PROVISIONS FOR LIABILITIES (40,812 ) (31,432 )

ACCRUALS AND DEFERRED INCOME - (26,906 )
NET ASSETS 1,372,492 1,420,321

CAPITAL AND RESERVES
Called up share capital 85 85
Capital redemption reserve 15 15
Retained earnings 1,372,392 1,420,221
1,372,492 1,420,321

The Winnock Hotel (Drymen) Limited (Registered number: SC296009)

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


The Winnock Hotel (Drymen) Limited (Registered number: SC296009)

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


1. STATUTORY INFORMATION

The Winnock Hotel (Drymen) 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.

Preparation of consolidated financial statements
The financial statements contain information about The Winnock Hotel (Drymen) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold properties1 - 7.5% on cost
Long leasehold1 - 7.5% on cost
Fixtures & fittings15% on Reducing balance method

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.


The Winnock Hotel (Drymen) Limited (Registered number: SC296009)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 66 (2023 - 73 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 723,751
AMORTISATION
At 1 April 2023 602,535
Charge for year 36,187
At 31 March 2024 638,722
NET BOOK VALUE
At 31 March 2024 85,029
At 31 March 2023 121,216

The Winnock Hotel (Drymen) Limited (Registered number: SC296009)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 3,373,329 713,513 4,086,842
Additions - 16,524 16,524
At 31 March 2024 3,373,329 730,037 4,103,366
DEPRECIATION
At 1 April 2023 522,546 562,430 1,084,976
Charge for year 29,858 24,595 54,453
At 31 March 2024 552,404 587,025 1,139,429
NET BOOK VALUE
At 31 March 2024 2,820,925 143,012 2,963,937
At 31 March 2023 2,850,783 151,083 3,001,866

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 2,538
Other debtors 293,910 216,792
293,910 219,330

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 52,647 7,083
Trade creditors 85,260 73,496
Amounts owed to group undertakings 1,560,026 1,540,026
Taxation and social security 174,450 134,067
Other creditors 269,684 253,202
2,142,067 2,007,874

The Winnock Hotel (Drymen) Limited (Registered number: SC296009)

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


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 34,947 39,142

9. RELATED PARTY DISCLOSURES

As of 31 March 2024, the company was owed £168,168.98 (2023 - £170,917.50) from Assura Hospitality Limited ('Assura')

As of 31 March 2024, the company owed £5,833.74 (2023 - £5,611.19) to Ayre Hotel (Kirkwall) Limited ('Ayre')

As of 31 March 2024, the company owed £100,000.00 (2023 - £100,000.00) to Simicare Limited ('Simicare')

Mr and Mrs Thind were the directors of Assura and Ayre and Mrs Thind was the director of Simicare as of 31 March 2024.

10. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Deovolente Hospitality Limited, Limited by virtue of it's ownership of 100% of the issued share capital in the company.