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REGISTERED NUMBER: SC228546 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Scotia Hotels Limited
T/A
Gleniffer Hotel

Scotia Hotels Limited (Registered number: SC228546)
T/A Gleniffer Hotel






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Report of the Accountants 6

Scotia Hotels Limited
T/A Gleniffer Hotel

Company Information
for the Year Ended 30 April 2024







DIRECTOR: C J MacNeil





REGISTERED OFFICE: 9 Glenburn Road
Glenburn
PAISLEY
PA2 8TA





REGISTERED NUMBER: SC228546 (Scotland)





ACCOUNTANTS: William Watson & Co Accountants Ltd
51 Lynnhurst
Uddingston
G71 6SA

Scotia Hotels Limited (Registered number: SC228546)
T/A Gleniffer Hotel

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 42,601 54,575
42,601 54,575

CURRENT ASSETS
Cash at bank 1,021 32

CREDITORS
Amounts falling due within one year 6 135,584 136,956
NET CURRENT LIABILITIES (134,563 ) (136,924 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(91,962

)

(82,349

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (92,062 ) (82,449 )
SHAREHOLDERS' FUNDS (91,962 ) (82,349 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 January 2025 and were signed by:



C J MacNeil - Director


Scotia Hotels Limited (Registered number: SC228546)
T/A Gleniffer Hotel

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Scotia Hotels 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
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 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Scotia Hotels Limited (Registered number: SC228546)
T/A Gleniffer Hotel

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 50,000
AMORTISATION
At 1 May 2023
and 30 April 2024 50,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023
and 30 April 2024 91,667 225,387 54,686
DEPRECIATION
At 1 May 2023 77,380 195,853 46,002
Charge for year 2,143 7,384 2,171
At 30 April 2024 79,523 203,237 48,173
NET BOOK VALUE
At 30 April 2024 12,144 22,150 6,513
At 30 April 2023 14,287 29,534 8,684

Scotia Hotels Limited (Registered number: SC228546)
T/A Gleniffer Hotel

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 6,162 4,817 382,719
DEPRECIATION
At 1 May 2023 5,339 3,570 328,144
Charge for year 206 70 11,974
At 30 April 2024 5,545 3,640 340,118
NET BOOK VALUE
At 30 April 2024 617 1,177 42,601
At 30 April 2023 823 1,247 54,575

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 49
Bounce back loan 21,910 31,666
Trade creditors 1 3
Social security and other taxes 611 15
Pensions 370 42
VAT - 3
Directors' current accounts 75,192 103,678
Accrued expenses 37,500 1,500
135,584 136,956

Scotia Hotels Limited
T/A Gleniffer Hotel

Report of the Accountants to the Director of
Scotia Hotels Limited

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






William Watson & Co Accountants Ltd
51 Lynnhurst
Uddingston
G71 6SA


15 January 2025