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REGISTERED NUMBER: SC688103 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Fife Lodge Hotel Ltd

Fife Lodge Hotel Ltd (Registered number: SC688103)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

Fife Lodge Hotel Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: H W McLeay
Mrs S L Davis
J S McLeay
J W McLeay





REGISTERED OFFICE: The Brighter Horizons Centre
Institution Street
MACDUFF
AB44 1UT





REGISTERED NUMBER: SC688103 (Scotland)





ACCOUNTANTS: Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB

Fife Lodge Hotel Ltd (Registered number: SC688103)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 641,795 676,238

CURRENT ASSETS
Stocks 23,040 20,561
Debtors 5 17,365 15,464
Cash at bank and in hand 92,046 86,993
132,451 123,018
CREDITORS
Amounts falling due within one
year

6

(1,110,927

)

(1,108,139

)
NET CURRENT LIABILITIES (978,476 ) (985,121 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(336,681

)

(308,883

)

PROVISIONS FOR LIABILITIES (34,388 ) (40,278 )
NET LIABILITIES (371,069 ) (349,161 )

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings (371,189 ) (349,281 )
(371,069 ) (349,161 )

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

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

Fife Lodge Hotel Ltd (Registered number: SC688103)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by:




H W McLeay - Director Mrs S L Davis - Director




J S McLeay - Director J W McLeay - Director


Fife Lodge Hotel Ltd (Registered number: SC688103)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Fife Lodge 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 represents amounts receivable for goods sold and services rendered during the year, exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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

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.

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.

Fife Lodge Hotel Ltd (Registered number: SC688103)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Going concern
Although the going concern basis has been adopted in these accounts, its continued appropriateness is dependent upon the continued support of the parent company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 39 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 October 2023 484,010 109,258 56,018
Additions - 7,721 2,740
At 30 September 2024 484,010 116,979 58,758
DEPRECIATION
At 1 October 2023 29,040 22,714 20,653
Charge for year 9,680 11,698 5,717
At 30 September 2024 38,720 34,412 26,370
NET BOOK VALUE
At 30 September 2024 445,290 82,567 32,388
At 30 September 2023 454,970 86,544 35,365

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 94,755 38,620 1,217 783,878
Additions - - - 10,461
At 30 September 2024 94,755 38,620 1,217 794,339
DEPRECIATION
At 1 October 2023 24,372 9,655 1,206 107,640
Charge for year 10,557 7,241 11 44,904
At 30 September 2024 34,929 16,896 1,217 152,544
NET BOOK VALUE
At 30 September 2024 59,826 21,724 - 641,795
At 30 September 2023 70,383 28,965 11 676,238

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 5,406 2,008
Other debtors 5,757 8,157
Prepayments 6,202 5,299
17,365 15,464

Fife Lodge Hotel Ltd (Registered number: SC688103)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 28,282 25,880
Amounts owed to group undertakings 1,014,706 957,449
PAYE 10,015 6,976
VAT 38,803 43,882
Accrued expenses 19,121 73,952
1,110,927 1,108,139

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year - 1,080

8. RELATED PARTY DISCLOSURES

During the year Bachlaw Limited (director) increased the amount loaned to the company by £57,258 leaving a balance of £1,014,706 (2023 £957,449). This loan is unsecured, interest free and repayable on demand.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Fife Lodge Hotel Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fife Lodge Hotel Ltd for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Fife Lodge Hotel Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fife Lodge Hotel Ltd and state those matters that we have agreed to state to the Board of Directors of Fife Lodge Hotel Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fife Lodge Hotel Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fife Lodge Hotel Ltd. You consider that Fife Lodge Hotel Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fife Lodge Hotel Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/publicinterest/memberregulations.






Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB


27 June 2025