Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 13 July 2022 false 1 August 2023 31 July 2024 31 July 2024 SC738262 Mr James Valentine iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC738262 2023-07-31 SC738262 2024-07-31 SC738262 2023-08-01 2024-07-31 SC738262 frs-core:CurrentFinancialInstruments 2024-07-31 SC738262 frs-core:ComputerEquipment 2024-07-31 SC738262 frs-core:ComputerEquipment 2023-08-01 2024-07-31 SC738262 frs-core:ComputerEquipment 2023-07-31 SC738262 frs-core:FurnitureFittings 2024-07-31 SC738262 frs-core:FurnitureFittings 2023-08-01 2024-07-31 SC738262 frs-core:FurnitureFittings 2023-07-31 SC738262 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 SC738262 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC738262 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 SC738262 frs-core:ShareCapital 2024-07-31 SC738262 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC738262 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC738262 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 SC738262 frs-bus:SmallEntities 2023-08-01 2024-07-31 SC738262 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC738262 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC738262 frs-bus:Director1 2023-08-01 2024-07-31 SC738262 frs-countries:Scotland 2023-08-01 2024-07-31 SC738262 2022-07-12 SC738262 2023-07-31 SC738262 2022-07-13 2023-07-31 SC738262 frs-core:CurrentFinancialInstruments 2023-07-31 SC738262 frs-core:ShareCapital 2023-07-31 SC738262 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: SC738262
Meldrums Hotel Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC738262
31 July 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 287,451 303,389
287,451 303,389
CURRENT ASSETS
Cash at bank and in hand 14,709 -
14,709 -
Creditors: Amounts Falling Due Within One Year 5 (394,083 ) (404,987 )
NET CURRENT ASSETS (LIABILITIES) (379,374 ) (404,987 )
TOTAL ASSETS LESS CURRENT LIABILITIES (91,923 ) (101,598 )
NET LIABILITIES (91,923 ) (101,598 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (92,023 ) (101,698 )
SHAREHOLDERS' FUNDS (91,923) (101,598)
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Valentine
Director
26 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Meldrums Hotel Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC738262 . The registered office is 73 Dunnikier Road, Kirkcaldy, KY1 2RL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Depreciation
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 33% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 225,000 96,898 1,307 323,205
As at 31 July 2024 225,000 96,898 1,307 323,205
Depreciation
As at 1 August 2023 - 19,380 436 19,816
Provided during the period - 15,503 435 15,938
As at 31 July 2024 - 34,883 871 35,754
Net Book Value
As at 31 July 2024 225,000 62,015 436 287,451
As at 1 August 2023 225,000 77,518 871 303,389
5. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 July 2023
£ £
Accruals and deferred income 1,477 756
Director's loan account 392,606 404,231
394,083 404,987
6. Share Capital
31 July 2024 31 July 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4