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REGISTERED NUMBER: SC250285 (Scotland)












Financial Statements

for the Year Ended 31 July 2024

for

Westpark Hotel Limited

Westpark Hotel Limited (Registered number: SC250285)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Westpark Hotel Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr James Graham
Mr John Graham





SECRETARY: Mr John Graham





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC250285 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Westpark Hotel Limited (Registered number: SC250285)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Property, plant and equipment 4 1,320,810 1,307,749
1,320,810 1,307,749

CURRENT ASSETS
Inventories 10,648 12,210
Debtors 5 1,356 1,125
Cash at bank and in hand 105,497 136,286
117,501 149,621
CREDITORS
Amounts falling due within one year 6 194,606 133,659
NET CURRENT (LIABILITIES)/ASSETS (77,105 ) 15,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,243,705

1,323,711

CREDITORS
Amounts falling due after more than one year 7 (302,496 ) (337,113 )

PROVISIONS FOR LIABILITIES (164,487 ) (162,203 )
NET ASSETS 776,722 824,395

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 783,114 783,114
Retained earnings (6,492 ) 41,181
SHAREHOLDERS' FUNDS 776,722 824,395

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

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

Westpark Hotel Limited (Registered number: SC250285)

Statement of Financial Position - continued
31 July 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 23 April 2025 and were signed on its behalf by:




Mr James Graham - Director



Mr John Graham - Director


Westpark Hotel Limited (Registered number: SC250285)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
Going concern
The directors continue to be satisfied that the company has adequate resources to continue in operation for the next 12 months. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Turnover represents the amounts received from the provision of food, drink and hotel accommodation excluding value added tax and trade discounts

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been fully amortised evenly over its estimated useful life.

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.
Freehold property - not provided
Improvements to property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Inventories
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Westpark Hotel Limited (Registered number: SC250285)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

1. ACCOUNTING POLICIES - continued

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 190,000
AMORTISATION
At 1 August 2023
and 31 July 2024 190,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

Westpark Hotel Limited (Registered number: SC250285)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 August 2023 1,310,000 59,326 859,672 7,544 2,236,542
Additions - 8,000 18,664 - 26,664
At 31 July 2024 1,310,000 67,326 878,336 7,544 2,263,206
DEPRECIATION
At 1 August 2023 104,800 21,398 796,375 6,220 928,793
Charge for year - 1,200 11,079 1,324 13,603
At 31 July 2024 104,800 22,598 807,454 7,544 942,396
NET BOOK VALUE
At 31 July 2024 1,205,200 44,728 70,882 - 1,320,810
At 31 July 2023 1,205,200 37,928 63,297 1,324 1,307,749

Cost or valuation at 31 July 2024 is represented by:

Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
Valuation in 2004 943,511 - - - 943,511
Cost 366,489 67,326 878,336 7,544 1,319,695
1,310,000 67,326 878,336 7,544 2,263,206

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,356 1,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,148 36,148
Trade creditors 26,842 23,979
Taxation and social security 10,228 7,503
Other creditors 121,388 66,029
194,606 133,659

Westpark Hotel Limited (Registered number: SC250285)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 302,496 337,113

8. SECURED DEBTS

The Royal Bank of Scotland PLC holds standard security and a bond & floating charge over all property and assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 783,114