Company Registration No. SC595388 (Scotland)
L&N Hospitality Limited
Unaudited accounts
for the year ended 28 February 2025
L&N Hospitality Limited
Unaudited accounts
Contents
L&N Hospitality Limited
Company Information
for the year ended 28 February 2025
Company Number
SC595388 (Scotland)
Registered Office
Clyde Offices
2nd Floor
48 West George Street
Glasgow
G2 1BP
Scotland
Accountants
Oak Team Associates Limited
Clyde Offices
48 West George Street
Glasgow
G2 1BP
L&N Hospitality Limited
Statement of financial position
as at 28 February 2025
Cash at bank and in hand
80,674
48,851
Creditors: amounts falling due within one year
(487)
(40,688)
Net current assets
80,187
8,825
Total assets less current liabilities
80,187
368,350
Creditors: amounts falling due after more than one year
-
(197,775)
Called up share capital
2
2
Profit and loss account
80,185
170,573
Shareholders' funds
80,187
170,575
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 May 2025 and were signed on its behalf by
Lisa Sharman
Director
Company Registration No. SC595388
L&N Hospitality Limited
Notes to the Accounts
for the year ended 28 February 2025
L&N Hospitality Limited is a private company, limited by shares, registered in Scotland, registration number SC595388. The registered office is Clyde Offices, 2nd Floor, 48 West George Street, Glasgow, G2 1BP, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on a straight line basis
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2024
352,914
32,998
385,912
Revaluations
(352,914)
-
(352,914)
Disposals
-
(32,998)
(32,998)
At 1 March 2024
-
26,387
26,387
On disposals
-
(26,387)
(26,387)
At 29 February 2024
352,914
6,611
359,525
L&N Hospitality Limited
Notes to the Accounts
for the year ended 28 February 2025
5
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
10,000
Taxes and social security
487
6,131
Loans from directors
-
10,759
6
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
-
185,275
7
Average number of employees
During the year the average number of employees was 0 (2024: 8).