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REGISTERED NUMBER: SC406311 (Scotland)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

Nat Hotel Limited

Nat Hotel Limited (Registered number: SC406311)

Contents of the Financial Statements
for the year ended 31st December 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Nat Hotel Limited

Company Information
for the year ended 31st December 2023







Directors: W A Fraser
A R D C Fraser





Secretary: A R D C Fraser





Registered office: 4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT





Registered number: SC406311 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Nat Hotel Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nat Hotel Limited for the year ended 31st December 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Nat Hotel Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nat Hotel Limited and state those matters that we have agreed to state to the Board of Directors of Nat Hotel Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Nat Hotel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Nat Hotel Limited. You consider that Nat 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 financial statements of Nat 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 financial statements.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


Date: .............................................

Nat Hotel Limited (Registered number: SC406311)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Property, plant and equipment 4 67,298 72,550

Current assets
Debtors 5 12,857 9,511
Cash at bank and in hand 168 2,597
13,025 12,108
Creditors
Amounts falling due within one year 6 55,554 51,377
Net current liabilities (42,529 ) (39,269 )
Total assets less current liabilities 24,769 33,281

Creditors
Amounts falling due after more than one year 7 73,779 47,094
Net liabilities (49,010 ) (13,813 )

Capital and reserves
Called up share capital 100 100
Retained earnings (49,110 ) (13,913 )
(49,010 ) (13,813 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

Nat Hotel Limited (Registered number: SC406311)

Balance Sheet - continued
31st December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th November 2024 and were signed on its behalf by:





A R D C Fraser - Director


Nat Hotel Limited (Registered number: SC406311)

Notes to the Financial Statements
for the year ended 31st December 2023


1. Statutory information

Nat Hotel 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.

Turnover
Revenue 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.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Nat Hotel Limited (Registered number: SC406311)

Notes to the Financial Statements - continued
for the year ended 31st December 2023


2. Accounting policies - continued

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.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 2 ) .

4. Property, plant and equipment
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1st January 2023
and 31st December 2023 60,622 107,079 167,701
Depreciation
At 1st January 2023 4,233 90,918 95,151
Charge for year 1,212 4,040 5,252
At 31st December 2023 5,445 94,958 100,403
Net book value
At 31st December 2023 55,177 12,121 67,298
At 31st December 2022 56,389 16,161 72,550

5. Debtors
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 3,346 -

Amounts falling due after more than one year:
Amounts owed by group undertakings 9,511 9,511

Aggregate amounts 12,857 9,511

Nat Hotel Limited (Registered number: SC406311)

Notes to the Financial Statements - continued
for the year ended 31st December 2023


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 116
Taxation and social security 536 4,867
Other creditors 45,018 36,394
55,554 51,377

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 15,762 25,626
Amounts owed to group undertakings 58,017 21,468
73,779 47,094