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REGISTERED NUMBER: SC653946 (Scotland)









OCHIL ROOMS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024






OCHIL ROOMS LTD (REGISTERED NUMBER: SC653946)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


OCHIL ROOMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: J C M Cattanach
J H Cattanach
C Cattanach
P Young





REGISTERED OFFICE: The Three Kings
Wester Shieldhill
Falkirk
FK1 3AT





REGISTERED NUMBER: SC653946 (Scotland)





ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OCHIL ROOMS LTD

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 Ochil Rooms Ltd for the year ended 31st August 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Ochil Rooms Ltd, 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 Ochil Rooms Ltd and state those matters that we have agreed to state to the Board of Directors of Ochil Rooms Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

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 Ochil Rooms Ltd 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 profit of Ochil Rooms Ltd. You consider that Ochil Rooms Ltd 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 Ochil Rooms Ltd. 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.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


12th March 2025

OCHIL ROOMS LTD (REGISTERED NUMBER: SC653946)

BALANCE SHEET
31ST AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,900 37,600
Tangible assets 5 32,103 23,196
65,003 60,796

CURRENT ASSETS
Stocks 8,765 9,788
Debtors 6 173,027 171,458
Cash at bank and in hand 92,592 120,741
274,384 301,987
CREDITORS
Amounts falling due within one year 7 326,072 269,671
NET CURRENT (LIABILITIES)/ASSETS (51,688 ) 32,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,315

93,112

PROVISIONS FOR LIABILITIES 7,613 -
NET ASSETS 5,702 93,112

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings 5,601 93,011
SHAREHOLDERS' FUNDS 5,702 93,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

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

OCHIL ROOMS LTD (REGISTERED NUMBER: SC653946)

BALANCE SHEET - continued
31ST AUGUST 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 12th March 2025 and were signed on its behalf by:





J H Cattanach - Director


OCHIL ROOMS LTD (REGISTERED NUMBER: SC653946)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

1. STATUTORY INFORMATION

Ochil Rooms Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern basis
The financial statements have been prepared on the going concern basis. The directors believe that the company has adequate resources and support to continue to operate for the foreseeable future.

Turnover
The turnover shown in the profit and loss account represents the sales value of events during the year, exclusive of Value Added Tax.

Goodwill
Goodwill arising on the acquisition of businesses, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life of 10 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 the cost less estimated residual value of each asset over its estimated useful life.
Leasehold improvements - 5% straight line
Plant and machinery - 25% straight line
Fixtures and fittings - 25% straight line
Computer equipment - 33% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


OCHIL ROOMS LTD (REGISTERED NUMBER: SC653946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

2. ACCOUNTING POLICIES - continued
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.

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 24 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2023
and 31st August 2024 47,000
AMORTISATION
At 1st September 2023 9,400
Amortisation for year 4,700
At 31st August 2024 14,100
NET BOOK VALUE
At 31st August 2024 32,900
At 31st August 2023 37,600

OCHIL ROOMS LTD (REGISTERED NUMBER: SC653946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Computer
improvements machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st September 2023 3,749 21,412 3,958 2,100 31,219
Additions 8,534 - 7,958 - 16,492
At 31st August 2024 12,283 21,412 11,916 2,100 47,711
DEPRECIATION
At 1st September 2023 78 5,841 1,740 364 8,023
Charge for year 409 5,298 1,185 693 7,585
At 31st August 2024 487 11,139 2,925 1,057 15,608
NET BOOK VALUE
At 31st August 2024 11,796 10,273 8,991 1,043 32,103
At 31st August 2023 3,671 15,571 2,218 1,736 23,196

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 173,027 171,458

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 23,609 15,355
Taxation and social security 67,529 46,251
Other creditors 234,934 208,065
326,072 269,671

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 35,719 -
Between one and five years 6,552 99,167
42,271 99,167

OCHIL ROOMS LTD (REGISTERED NUMBER: SC653946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number Class Nominal 31.8.24 31.8.23
value £    £   
510 A Ordinary £10p 51 51
340 B Ordinary £10p 34 34
75 C Ordinary £10p 7.5 7.5
75 D Ordinary £10p 7.5 7.5
10 E Ordinary £10p 1 1
101 101

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st August 2024 and 31st August 2023:

31.8.24 31.8.23
£    £   
J C M Cattanach
Balance outstanding at start of year 2,395 20,756
Amounts advanced 35,171 23,635
Amounts repaid (37,600 ) (41,996 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (34 ) 2,395

J H Cattanach
Balance outstanding at start of year 2,315 -
Amounts advanced 27,075 14,936
Amounts repaid (30,421 ) (12,621 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,031 ) 2,315

C Cattanach
Balance outstanding at start of year 395 -
Amounts advanced - 2,395
Amounts repaid (1,000 ) (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (605 ) 395

P L Young
Balance outstanding at start of year 2,395 -
Amounts advanced 24,220 2,395
Amounts repaid (26,660 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (45 ) 2,395

OCHIL ROOMS LTD (REGISTERED NUMBER: SC653946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

11. ULTIMATE CONTROLLING PARTY

At the 31st August 2024 the company was under the control of James Cattanach.