1 March 2024 false No description of principal activity Taxfiler 2024.6 SC595388business:PrivateLimitedCompanyLtd2024-03-012025-02-28 SC5953882024-02-29 SC5953882024-03-012025-02-28 SC595388business:AuditExemptWithAccountantsReport2024-03-012025-02-28 SC595388business:FilletedAccounts2024-03-012025-02-28 SC5953882025-02-28 SC595388business:Director12024-03-012025-02-28 SC595388business:RegisteredOffice2024-03-012025-02-28 SC5953882024-02-29 SC595388core:WithinOneYear2025-02-28 SC595388core:WithinOneYear2024-02-29 SC595388core:AfterOneYear2025-02-28 SC595388core:AfterOneYear2024-02-29 SC595388core:ShareCapitalcore:PreviouslyStatedAmount2025-02-28 SC595388core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 SC595388core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-02-28 SC595388core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 SC595388core:PreviouslyStatedAmount2025-02-28 SC595388core:PreviouslyStatedAmount2024-02-29 SC595388business:SmallEntities2024-03-012025-02-28 SC595388countries:Scotland2024-03-012025-02-28 SC595388core:FurnitureFittings2024-03-012025-02-28 SC595388core:LandBuildings2024-02-29 SC595388core:FurnitureFittings2024-02-29 SC595388core:LandBuildings2024-03-012025-02-28 SC595388core:LandBuildings2025-02-28 SC595388core:FurnitureFittings2025-02-28 SC5953882023-03-012024-02-29 iso4217:GBP xbrli:pure
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
Page
- 2 -
L&N Hospitality Limited Company Information for the year ended 28 February 2025
Director
Lisa Sharman
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
- 3 -
L&N Hospitality Limited Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
359,525 
Current assets
Inventories
- 
662 
Cash at bank and in hand
80,674 
48,851 
80,674 
49,513 
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)
Net assets
80,187 
170,575 
Capital and reserves
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
- 4 -
L&N Hospitality Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 28 February 2025
- 
- 
- 
Depreciation
At 1 March 2024
- 
26,387 
26,387 
On disposals
- 
(26,387)
(26,387)
At 28 February 2025
- 
- 
- 
Net book value
At 28 February 2025
- 
- 
- 
At 29 February 2024
352,914 
6,611 
359,525 
- 5 -
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 
VAT
- 
4,904 
Trade creditors
- 
8,894 
Taxes and social security
487 
6,131 
Loans from directors
- 
10,759 
487 
40,688 
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
- 
12,500 
Loans from directors
- 
185,275 
- 
197,775 
7
Average number of employees
During the year the average number of employees was 0 (2024: 8).
- 6 -