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REGISTERED NUMBER: SC487981 (Scotland)








































Colania Lodges Limited

Unaudited Financial Statements

for the year ended

30th September 2024






Colania Lodges Limited (Registered number: SC487981)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


Colania Lodges Limited

Company Information
for the year ended 30th September 2024







Directors: G R R Drummond
Mrs M F Drummond
N Drummond





Registered office: Coldingham Law Farm
Eyemouth
Berwickshire
TD14 5PY





Registered number: SC487981 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Colania Lodges Limited (Registered number: SC487981)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 77 103
Tangible assets 5 979,184 1,020,256
979,261 1,020,359

Current assets
Debtors 6 36,550 185
Cash at bank 182,676 86,319
219,226 86,504
Creditors
Amounts falling due within one year 7 123,969 122,916
Net current assets/(liabilities) 95,257 (36,412 )
Total assets less current liabilities 1,074,518 983,947

Creditors
Amounts falling due after more than one
year

8

(184,304

)

(199,809

)

Provisions for liabilities (172,857 ) (138,669 )
Net assets 717,357 645,469

Reserves
Retained earnings 717,357 645,469
717,357 645,469

Colania Lodges Limited (Registered number: SC487981)

Balance Sheet - continued
30th September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

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 16th June 2025 and were signed on its behalf by:





Mrs M F Drummond - Director


Colania Lodges Limited (Registered number: SC487981)

Notes to the Financial Statements
for the year ended 30th September 2024

1. Statutory information

Colania Lodges 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.

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 the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website
Amortisation is provided at the following annual rate in order to write off the cost less estimated residual value of the website over its estimated useful life:

Website - 25% on reducing balance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Lodges - Straight line over 30 years
Plant and machinery - 25% on reducing balance
Furnishings - 15% on reducing balance
Site development - not provided

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, other loans, bank loan and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), other loans, trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


Colania Lodges Limited (Registered number: SC487981)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a minimum of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 5 ) .

4. Intangible fixed assets
Website
£   
Cost
At 1st October 2023
and 30th September 2024 1,025
Amortisation
At 1st October 2023 922
Amortisation for year 26
At 30th September 2024 948
Net book value
At 30th September 2024 77
At 30th September 2023 103

Colania Lodges Limited (Registered number: SC487981)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

5. Tangible fixed assets
Plant and Site
Lodges machinery Furnishings development Totals
£    £    £    £    £   
Cost
At 1st October 2023
and 30th September
2024

892,296

61,515

52,668

207,270

1,213,749
Depreciation
At 1st October 2023 137,183 34,992 21,318 - 193,493
Charge for year 29,743 6,631 4,698 - 41,072
At 30th September 2024 166,926 41,623 26,016 - 234,565
Net book value
At 30th September 2024 725,370 19,892 26,652 207,270 979,184
At 30th September 2023 755,113 26,523 31,350 207,270 1,020,256

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 36,550 185

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 16,800 16,800
Trade creditors 64,326 76,342
Taxation and social security 38,877 15,888
Other creditors 3,966 13,886
123,969 122,916

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 184,304 199,809

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after five years 138,853 144,496

Colania Lodges Limited (Registered number: SC487981)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30th September 2024 and 30th September 2023:

20242023
££
Director 1 and Director 2
Balance outstanding at start of year185-
Amounts advanced41,453185
Amounts repaid(21,941)-
Balance outstanding at end of year19,697185

Director 3
Balance outstanding at start of year--
Amounts advanced41,144-
Amounts repaid(24,291)-
Balance outstanding at end of year16,853-

This loan is unsecured and repayable on demand. Interest is charged by the company at the official rate published by HMRC.