GRANT HOTELS LTD

Company Registration Number:
SC452104 (Scotland)

Unaudited abridged accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

GRANT HOTELS LTD

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Notes

GRANT HOTELS LTD

Balance sheet

As at 30 September 2024


Notes

2024

18 months to 30 September 2023


£

£
Fixed assets
Tangible assets: 3 1,315,499 1,370,443
Total fixed assets: 1,315,499 1,370,443
Current assets
Stocks: 9,805 11,425
Debtors:   3,644 5,262
Cash at bank and in hand: 87,523 263,649
Total current assets: 100,972 280,336
Creditors: amounts falling due within one year: 4 (139,317) (166,932)
Net current assets (liabilities): (38,345) 113,404
Total assets less current liabilities: 1,277,154 1,483,847
Creditors: amounts falling due after more than one year: 5 (1,736,482) (1,713,575)
Provision for liabilities: (3,038) (3,768)
Total net assets (liabilities): (462,366) (233,496)
Capital and reserves
Called up share capital: 12,000 12,000
Profit and loss account: (474,366) (245,496)
Shareholders funds: (462,366) (233,496)

The notes form part of these financial statements

GRANT HOTELS LTD

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 June 2025
and signed on behalf of the board by:

Name: Mr R Gupta
Status: Director

The notes form part of these financial statements

GRANT HOTELS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings 2% per annum straight line basis Plant and Machinery 25% per annum reducing balance basis The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Valuation and information policy

Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, which is equivalent to net realisable value. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Other accounting policies

Financial instruments The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Taxation The tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. Deferred tax Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

GRANT HOTELS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

2. Employees

2024 18 months to 30 September 2023
Average number of employees during the period 21 27

GRANT HOTELS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible Assets

Total
Cost £
At 01 October 2023 1,760,709
Additions 16,916
At 30 September 2024 1,777,625
Depreciation
At 01 October 2023 390,266
Charge for year 71,860
At 30 September 2024 462,126
Net book value
At 30 September 2024 1,315,499
At 30 September 2023 1,370,443

GRANT HOTELS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year 2024 2023 £ £ Trade creditors 45,372 54,811 Taxation and social security 41,076 67,990 Other creditors 52,869 44,131 139,317 166,932

GRANT HOTELS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due after more than one year note

Creditors: amounts falling due after more than one year 2024 2023 £ £ Other creditors 1,736,482 1,713,575

GRANT HOTELS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Related party transactions

Name of the related party:
Relationship:
Related party companies
Description of the Transaction: At the balance sheet date, £886,482 (2023 - £886,482) was owed to related party companies. The unsecured loan is free of any interest charge and without any repayment terms.
£
Balance at 01 October 2023 886,482
Balance at 30 September 2024 886,482
Name of the related party:
Relationship:
Directors
Description of the Transaction: At the balance sheet date, the company owed £856,733 (2023 - £826,354) to the directors. The unsecured loan is free of any interest charge and without any repayment terms.
£
Balance at 01 October 2023 826,354
Balance at 30 September 2024 856,733