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REGISTERED NUMBER: SC377683 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Killin Hotel Limited

Killin Hotel Limited (Registered number: SC377683)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Killin Hotel Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr Narendra Patel
Mrs Kalpana Patel





REGISTERED OFFICE: The Moorings Hotel
Banavie
Fort William
PH33 7LY





REGISTERED NUMBER: SC377683 (Scotland)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Killin Hotel Limited (Registered number: SC377683)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 196,386 208,914

CURRENT ASSETS
Stocks 10,135 10,135
Debtors 5 1,142,735 1,383,546
Cash at bank and in hand 299,662 765,525
1,452,532 2,159,206
CREDITORS
Amounts falling due within one year 6 (594,868 ) (584,424 )
NET CURRENT ASSETS 857,664 1,574,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,054,050

1,783,696

CREDITORS
Amounts falling due after more than
one year

7

(66,154

)

(77,402

)

PROVISIONS FOR LIABILITIES (35,636 ) (35,480 )
NET ASSETS 952,260 1,670,814

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 952,258 1,670,812
SHAREHOLDERS' FUNDS 952,260 1,670,814

Killin Hotel Limited (Registered number: SC377683)

Balance Sheet - continued
30 June 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 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 18 March 2025 and were signed on its behalf by:





Mr Narendra Patel - Director


Killin Hotel Limited (Registered number: SC377683)

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


1. STATUTORY INFORMATION

Killin Hotel 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 5% on Cost
Fixtures and fittings - 25% on Reducing balance method
Motor vehicles - 25% on Reducing balance method

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.


Killin Hotel Limited (Registered number: SC377683)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

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.

Hire purchase and leasing commitments
Rentals paid under the 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 18 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 250,269 54,198 120,360 424,827
Additions - 50,178 - 50,178
Disposals - (3,358 ) - (3,358 )
At 30 June 2024 250,269 101,018 120,360 471,647
DEPRECIATION
At 1 July 2023 188,143 16,197 11,573 215,913
Charge for year 12,513 19,896 27,197 59,606
Eliminated on disposal - (258 ) - (258 )
At 30 June 2024 200,656 35,835 38,770 275,261
NET BOOK VALUE
At 30 June 2024 49,613 65,183 81,590 196,386
At 30 June 2023 62,126 38,001 108,787 208,914

Killin Hotel Limited (Registered number: SC377683)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 17,873 54,846
Amounts owed by group undertakings 696,486 928,320
Other debtors 428,376 400,380
1,142,735 1,383,546

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 19,770 19,770
Trade creditors 96,409 89,343
Taxation and social security 136,046 231,662
Other creditors 342,643 243,649
594,868 584,424

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 66,154 77,402

8. RELATED PARTY DISCLOSURES

As of 30 June 2024, the company was owed £65,172.92 (2023 - £29,871.84) from Lochaber Hotels Limited. ('Lochaber')

As of 30 June 2024, the company was owed £265,000.00 (2023 - £265,000.00) from N2KN Properties Limited. ('NK2N Properties')

As of 30 June 2024, the company was owed £20,966.27 (2023 - NIL) from NK2N hotels (Glasgow) Limited. ('NK2N Glasgow')

As of 30 June 2024, the company owed £28,176.60 (2023 - £88,795.63) to NK2N Hotels Limited. ('NK2N Hotels')

Mr and Mrs Patel were the directors of Lochaber, NK2N Hotels and Mr Patel was the director of NK2N Properties and NK2N Glasgow as of 30 June 2024.