Registered number
SC548791
Clydesdale Hotel Ltd
Filleted Accounts
31 October 2024
Clydesdale Hotel Ltd
Registered number: SC548791
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,216 12,701
Current assets
Stocks 220 220
Debtors 4 29,456 -
Cash at bank and in hand 18,070 51,390
47,746 51,610
Creditors: amounts falling due within one year 5 (24,682) (21,121)
Net current assets 23,064 30,489
Total assets less current liabilities 36,280 43,190
Creditors: amounts falling due after more than one year 6 (35,317) (42,308)
Net assets 963 882
Capital and reserves
Called up share capital 100 100
Profit and loss account 863 782
Shareholders' funds 963 882
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Rutherford
Director
Approved by the board on 10 March 2025
Clydesdale Hotel Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 30% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 November 2023 55,491
Additions 5,500
At 31 October 2024 60,991
Depreciation
At 1 November 2023 42,790
Charge for the year 4,985
At 31 October 2024 47,775
Net book value
At 31 October 2024 13,216
At 31 October 2023 12,701
4 Debtors 2024 2023
£ £
Taxation and social security costs 11,051
Other debtors 18,405 -
29,456 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 5,500
Taxation and social security costs 24,682 15,621
24,682 21,121
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 35,317 42,308
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
David Rutherford
Director loan - 18,405 - 18,405
- 18,405 - 18,405
8 Controlling party
The director, David Rutherford and his wife held a 100% beneficial interest in the share capital of the company.
9 Other information
Clydesdale Hotel Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
Hallan Accountants Ltd
1 Spiersbridge Way
Glasgow
G46 8NG
Clydesdale Hotel Ltd SC548791 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts July 2024 David Rutherford No description of principal activity SC548791 2022-11-01 2023-10-31 SC548791 core:WithinOneYear 2023-10-31 SC548791 core:AfterOneYear 2023-10-31 SC548791 core:ShareCapital 2023-10-31 SC548791 core:RetainedEarningsAccumulatedLosses 2023-10-31 SC548791 2023-11-01 2024-10-31 SC548791 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC548791 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 SC548791 bus:Director40 2023-11-01 2024-10-31 SC548791 1 2023-11-01 2024-10-31 SC548791 2 2023-11-01 2024-10-31 SC548791 core:PlantMachinery 2023-11-01 2024-10-31 SC548791 bus:Director1 2023-11-01 2024-10-31 SC548791 bus:Director1 1 2023-11-01 2024-10-31 SC548791 countries:England 2023-11-01 2024-10-31 SC548791 bus:FRS102 2023-11-01 2024-10-31 SC548791 bus:FilletedAccounts 2023-11-01 2024-10-31 SC548791 2024-10-31 SC548791 core:WithinOneYear 2024-10-31 SC548791 core:AfterOneYear 2024-10-31 SC548791 core:ShareCapital 2024-10-31 SC548791 core:RetainedEarningsAccumulatedLosses 2024-10-31 SC548791 core:PlantMachinery 2024-10-31 SC548791 bus:Director1 1 2024-10-31 SC548791 2023-10-31 SC548791 core:PlantMachinery 2023-10-31 SC548791 bus:Director1 1 2023-10-31 iso4217:GBP xbrli:pure