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REGISTERED NUMBER: SC628337 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

The Park Hotel (Falkirk) Limited

The Park Hotel (Falkirk) Limited (Registered number: SC628337)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


The Park Hotel (Falkirk) Limited (Registered number: SC628337)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £   
FIXED ASSETS
Tangible assets 4 89,009 127,851

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 1,079,937 1,022,370
Cash at bank 281,298 126,426
1,371,235 1,158,796
CREDITORS
Amounts falling due within one year 6 (209,212 ) (235,825 )
NET CURRENT ASSETS 1,162,023 922,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,251,032

1,050,822

PROVISIONS FOR LIABILITIES (21,263 ) (30,756 )
NET ASSETS 1,229,769 1,020,066

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,229,766 1,020,063
1,229,769 1,020,066

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.

The Park Hotel (Falkirk) Limited (Registered number: SC628337)

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 26 May 2025 and were signed on its behalf by:





Mr D Hannigan - Director


The Park Hotel (Falkirk) Limited (Registered number: SC628337)

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

1. STATUTORY INFORMATION

The Park Hotel (Falkirk) Limited is a private company, limited by shares, domiciled in Scotland, registration number SC628337. The registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, Scotland, FK3 8WX.

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 represents net invoiced sales of goods and services in respect of hotel services, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

The Park Hotel (Falkirk) Limited (Registered number: SC628337)

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

2. ACCOUNTING POLICIES - continued

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2024 - 39 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 192,420
DEPRECIATION
At 1 February 2024 64,569
Charge for year 38,842
At 31 January 2025 103,411
NET BOOK VALUE
At 31 January 2025 89,009
At 31 January 2024 127,851

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 47,878 54,973
Amounts owed by related parties 1,025,964 953,738
Other debtors 6,095 13,659
1,079,937 1,022,370

The Park Hotel (Falkirk) Limited (Registered number: SC628337)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 28,384 38,941
Taxation and social security 154,342 180,907
Other creditors 26,486 15,977
209,212 235,825

7. RELATED PARTY DISCLOSURES

Companies under common control
Rent and service charges paid: £450,000 (2024: £450,000)
Amounts owed by related parties: £1,025,964 (2024: £953,738)