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REGISTERED NUMBER: SC670092 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Udny Arms Hotel Ltd

Udny Arms Hotel Ltd (Registered number: SC670092)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Udny Arms Hotel Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: D S Kinloch
Mrs A M Kinloch
Mrs L Younge





REGISTERED OFFICE: 50 Main Street
Newburgh
Ellon
Aberdeenshire
AB41 6BL





REGISTERED NUMBER: SC670092 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Udny Arms Hotel Ltd (Registered number: SC670092)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,903,793 2,057,079

CURRENT ASSETS
Stocks 9,137 4,037
Debtors 5 170,176 46,058
Cash at bank and in hand 16,518 11,460
195,831 61,555
CREDITORS
Amounts falling due within one year 6 2,833,777 2,514,297
NET CURRENT LIABILITIES (2,637,946 ) (2,452,742 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(734,153

)

(395,663

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (734,253 ) (395,763 )
(734,153 ) (395,663 )

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

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

Udny Arms Hotel Ltd (Registered number: SC670092)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:




Mrs L Younge - Director



D S Kinloch - Director


Udny Arms Hotel Ltd (Registered number: SC670092)

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

1. STATUTORY INFORMATION

Udny Arms Hotel Ltd 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

Udny Arms Hotel Ltd (Registered number: SC670092)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 1,825,856 322,922 2,148,778
Additions 139,760 53,465 193,225
Disposals (275,338 ) - (275,338 )
At 31 August 2024 1,690,278 376,387 2,066,665
DEPRECIATION
At 1 September 2023 - 91,699 91,699
Charge for year - 71,173 71,173
At 31 August 2024 - 162,872 162,872
NET BOOK VALUE
At 31 August 2024 1,690,278 213,515 1,903,793
At 31 August 2023 1,825,856 231,223 2,057,079

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 13,996 -
Other debtors 156,180 46,058
170,176 46,058

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 8,580 -
Trade creditors 73,008 155,554
Taxation and social security 104,370 5,763
Other creditors 2,647,819 2,352,980
2,833,777 2,514,297

7. RELATED PARTY DISCLOSURES

During the year the directors Mr & Mrs Kinloch advanced the company net amounts totalling £2,544,231 and Mrs Younge advanced the company net amounts totalling £87,433. These amounts remained outstanding at 31/08/2024 and are included within other creditors in the notes to the accounts.