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REGISTERED NUMBER: SC461870 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

FOR

THE OBAN INN LIMITED

THE OBAN INN LIMITED (REGISTERED NUMBER: SC461870)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE OBAN INN LIMITED

COMPANY INFORMATION
For The Year Ended 5 April 2024







DIRECTORS: Maire Lynch
John Steven Shaw





REGISTERED OFFICE: R A Clement Associates
5 Argyll Square
OBAN
PA34 4AZ





REGISTERED NUMBER: SC461870 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

THE OBAN INN LIMITED (REGISTERED NUMBER: SC461870)

BALANCE SHEET
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50 75
Tangible assets 5 64,075 51,053
64,125 51,128

CURRENT ASSETS
Stocks 9,500 9,000
Debtors 6 63,061 60,343
Cash at bank and in hand 489,265 199,112
561,826 268,455
CREDITORS
Amounts falling due within one year 7 262,831 104,666
NET CURRENT ASSETS 298,995 163,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,120

214,917

PROVISIONS FOR LIABILITIES 13,815 10,465
NET ASSETS 349,305 204,452

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 349,205 204,352
SHAREHOLDERS' FUNDS 349,305 204,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 OBAN INN LIMITED (REGISTERED NUMBER: SC461870)

BALANCE SHEET - continued
5 April 2024


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 17 January 2025 and were signed on its behalf by:





John Steven Shaw - Director


THE OBAN INN LIMITED (REGISTERED NUMBER: SC461870)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 5 April 2024

1. STATUTORY INFORMATION

The Oban Inn 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.

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.

Private number plate are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

THE OBAN INN LIMITED (REGISTERED NUMBER: SC461870)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 5 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Private
number
plate
£   
COST
At 6 April 2023
and 5 April 2024 250
AMORTISATION
At 6 April 2023 175
Amortisation for year 25
At 5 April 2024 200
NET BOOK VALUE
At 5 April 2024 50
At 5 April 2023 75

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 6 April 2023 43,986 29,182 43,404 4,227 120,799
Additions - - 32,245 - 32,245
At 5 April 2024 43,986 29,182 75,649 4,227 153,044
DEPRECIATION
At 6 April 2023 21,456 19,680 24,383 4,227 69,746
Charge for year 4,506 1,900 12,817 - 19,223
At 5 April 2024 25,962 21,580 37,200 4,227 88,969
NET BOOK VALUE
At 5 April 2024 18,024 7,602 38,449 - 64,075
At 5 April 2023 22,530 9,502 19,021 - 51,053

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 63,061 60,343

THE OBAN INN LIMITED (REGISTERED NUMBER: SC461870)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 5 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,102 32,796
Taxation and social security 177,935 63,208
Other creditors 47,794 8,662
262,831 104,666