REGISTERED NUMBER: |
Unaudited Financial Statements For The Year Ended 30th April 2024 |
for |
BALAVIL HOTEL LTD |
REGISTERED NUMBER: |
Unaudited Financial Statements For The Year Ended 30th April 2024 |
for |
BALAVIL HOTEL LTD |
BALAVIL HOTEL LTD (REGISTERED NUMBER: SC264042) |
Contents of the Financial Statements |
For The Year Ended 30th April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
BALAVIL HOTEL LTD |
Company Information |
For The Year Ended 30th April 2024 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
15-17 High Street |
Kingussie |
Inverness-Shire |
PH21 1HS |
Solicitors: |
8 Dee Street |
Banchory |
AB31 5ST |
BALAVIL HOTEL LTD (REGISTERED NUMBER: SC264042) |
Balance Sheet |
30th April 2024 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Stocks | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Share premium |
Revaluation reserve | 7 |
Retained earnings | ( |
) |
Shareholders' funds |
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 were approved by the Board of Directors and authorised for issue on |
BALAVIL HOTEL LTD (REGISTERED NUMBER: SC264042) |
Notes to the Financial Statements |
For The Year Ended 30th April 2024 |
1. | Statutory information |
Balavil Hotel Ltd is a |
2. | Accounting policies |
Basis of preparing the 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. |
Tangible fixed assets |
Heritable property | - |
Fittings & equipment | - |
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. |
3. | Employees and directors |
The average number of employees during the year was |
BALAVIL HOTEL LTD (REGISTERED NUMBER: SC264042) |
Notes to the Financial Statements - continued |
For The Year Ended 30th April 2024 |
4. | Tangible fixed assets |
Heritable | Fittings |
property | & equipment | Totals |
£ | £ | £ |
Cost or valuation |
Additions |
Revaluations |
At 30th April 2024 |
Net book value |
At 30th April 2024 |
Cost or valuation at 30th April 2024 is represented by: |
Heritable | Fittings |
property | & equipment | Totals |
£ | £ | £ |
Valuation in 2024 | 1,697,181 | - | 1,697,181 |
Cost | 502,819 | 1 | 502,820 |
2,200,000 | 1 | 2,200,001 |
5. | Stocks |
£ |
Stock |
6. | Creditors: amounts falling due within one year |
£ |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 27,663 |
Directors' current accounts | 232,924 |
Accruals and deferred income |
Accrued expenses |
7. | Reserves |
Revaluation |
reserve |
£ |
At 1st May 2023 |
and 30th April 2024 |