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REGISTERED NUMBER: SC719133 (Scotland)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

Still Haugh Hotels Limited

Still Haugh Hotels Limited (Registered number: SC719133)

Contents of the Financial Statements
for the Year Ended 30th April 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4


Still Haugh Hotels Limited

Company Information
for the Year Ended 30th April 2024







DIRECTORS: Mr R T Spanner
Mr S Weatherby
Mrs E Spanner
Mrs R V Weatherby





REGISTERED OFFICE: 20 Still Haugh
Fountainhall
Galashiels
TD1 2SL





REGISTERED NUMBER: SC719133 (Scotland)





ACCOUNTANTS: McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE

Still Haugh Hotels Limited

Report of the Accountants to the Directors of
Still Haugh Hotels Limited


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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th April 2024 set out on pages four to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE


26th March 2025

Still Haugh Hotels Limited (Registered number: SC719133)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,784 61,120
Investment property 5 792,500 792,500
835,284 853,620

CURRENT ASSETS
Debtors 6 294,341 166,056
Cash at bank and in hand 215,313 17,166
509,654 183,222
CREDITORS
Amounts falling due within one year 7 545,935 250,377
NET CURRENT LIABILITIES (36,281 ) (67,155 )
TOTAL ASSETS LESS CURRENT LIABILITIES 799,003 786,465

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 799,001 786,463
SHAREHOLDERS' FUNDS 799,003 786,465

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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 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 26th March 2025 and were signed on its behalf by:





Mr R T Spanner - Director


Still Haugh Hotels Limited (Registered number: SC719133)

Notes to the Financial Statements
for the Year Ended 30th April 2024


1. STATUTORY INFORMATION

Still Haugh Hotels 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.
Motor vehicles - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties.

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.

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 NIL (2023 - NIL).

Still Haugh Hotels Limited (Registered number: SC719133)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1st May 2023
and 30th April 2024 73,332
Depreciation
At 1st May 2023 12,212
Charge for year 18,336
At 30th April 2024 30,548
Net book value
At 30th April 2024 42,784
At 30th April 2023 61,120

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1st May 2023
and 30th April 2024 792,500
Net book value
At 30th April 2024 792,500
At 30th April 2023 792,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,811 -
Other debtors 213,524 151,200
VAT - 13,450
Prepayments and accrued income 40,006 1,406
294,341 166,056

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,084 5,100
Tax 45,519 190,571
VAT 11,421 -
Other creditors 371,175 -
Directors' loan accounts 48,020 48,810
Accruals and deferred income 48,716 5,896
545,935 250,377

Still Haugh Hotels Limited (Registered number: SC719133)

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


8. RELATED PARTY DISCLOSURES

During the year, the company provided a loan to, and paid expenses on behalf of Barony Castle LLP, a company in which R Spanner and S Weatherby are members of. At the year end the amount owing from Barony Castle LLP was £124,896 (2023: £nil). The amount is interest free and repayable on demand.

Also during the year, the company provided a loan to Facilities Management Scotland Limited, a company in which R Spanner and S Weatherby are shareholders of. At the year end, the amount owing from Facilities Management Scotland Limited was £15,000 (2023: £nil). The amount is interest free and repayable on demand.

Both the above amounts are included in Other Debtors.

During the year, the company received a loan from Moffat Hotel Limited, a company in which R Spanner and S Weatherby are directors. At the year end the amount owing to Moffat Hotel Limited is £365,000 (2023: £nil). The amount is interest free and repayable on demand.

The above amount is included in Other Creditors.