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REGISTERED NUMBER: SC744225 (Scotland)















MACGREGORS HOSPITALITY LIMITED

Financial Statements for the Year Ended 31 January 2025






MACGREGORS HOSPITALITY LIMITED (REGISTERED NUMBER: SC744225)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACGREGORS HOSPITALITY LIMITED

Company Information
for the Year Ended 31 January 2025







DIRECTORS: J R De Sylva
B Macgregor
B T Davidson
R W Dunlop
D C Forsyth CA
B Smith





REGISTERED OFFICE: 109-113 Academy Street
Inverness
Highland
IV1 1LX





REGISTERED NUMBER: SC744225 (Scotland)





ACCOUNTANTS: Mann Judd Gordon Ltd
Chartered Accountants
26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF

MACGREGORS HOSPITALITY LIMITED (REGISTERED NUMBER: SC744225)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 53,566 33,088

CURRENT ASSETS
Stocks 31,642 17,591
Debtors 5 19,192 35,557
Cash at bank and in hand 43,432 65,809
94,266 118,957
CREDITORS
Amounts falling due within one year 6 84,422 140,724
NET CURRENT ASSETS/(LIABILITIES) 9,844 (21,767 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,410

11,321

CAPITAL AND RESERVES
Called up share capital 2,152 2,152
Retained earnings 61,258 9,169
63,410 11,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

MACGREGORS HOSPITALITY LIMITED (REGISTERED NUMBER: SC744225)

Balance Sheet - continued
31 January 2025


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 29 April 2025 and were signed on its behalf by:




B Macgregor - Director



J R De Sylva - Director


MACGREGORS HOSPITALITY LIMITED (REGISTERED NUMBER: SC744225)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Macgregors Hospitality 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.

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.

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.
Plant and machinery - 20% depreciation on cost
Motor vehicles - 20% depreciation on cost
Computer equipment - 20% depreciation on cost

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.

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.

MACGREGORS HOSPITALITY LIMITED (REGISTERED NUMBER: SC744225)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 40 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2024 - 37,288 -
Additions 17,973 13,285 139
Reclassification/transfer - - 590
At 31 January 2025 17,973 50,573 729
DEPRECIATION
At 1 February 2024 - 7,471 -
Charge for year 2,933 9,337 132
Reclassification/transfer - - 118
At 31 January 2025 2,933 16,808 250
NET BOOK VALUE
At 31 January 2025 15,040 33,765 479
At 31 January 2024 - 29,817 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 3,500 590 41,378
Additions - 2,729 34,126
Reclassification/transfer - (590 ) -
At 31 January 2025 3,500 2,729 75,504
DEPRECIATION
At 1 February 2024 701 118 8,290
Charge for year 700 546 13,648
Reclassification/transfer - (118 ) -
At 31 January 2025 1,401 546 21,938
NET BOOK VALUE
At 31 January 2025 2,099 2,183 53,566
At 31 January 2024 2,799 472 33,088

MACGREGORS HOSPITALITY LIMITED (REGISTERED NUMBER: SC744225)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 15,848 23,401
Other debtors 3,344 12,156
19,192 35,557

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 16,708 19,944
Taxation and social security 24,878 31,902
Other creditors 42,836 88,878
84,422 140,724

7. RELATED PARTY DISCLOSURES

Included within creditors falling due within one year is a balance of £9,626 (2024 - £20,551) due to the directors, There are no repayment terms and interest is not charged on the balance.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.