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Company No: SC481198 (Scotland)

INVERKIP HOTEL (HOLDINGS) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH THE REGISTRAR

INVERKIP HOTEL (HOLDINGS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024

Contents

INVERKIP HOTEL (HOLDINGS) LIMITED

BALANCE SHEET

AS AT 31 OCTOBER 2024
INVERKIP HOTEL (HOLDINGS) LIMITED

BALANCE SHEET (continued)

AS AT 31 OCTOBER 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 520,900 520,900
520,900 520,900
Creditors: amounts falling due within one year 4 ( 71,306) ( 59,683)
Net current liabilities (71,306) (59,683)
Total assets less current liabilities 449,594 461,217
Creditors: amounts falling due after more than one year 5 ( 28,962) ( 40,585)
Net assets 420,632 420,632
Capital and reserves
Called-up share capital 6 250,032 250,032
Profit and loss account 170,600 170,600
Total shareholders' funds 420,632 420,632

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Inverkip Hotel (Holdings) Limited (registered number: SC481198) were approved and authorised for issue by the Board of Directors on 16 July 2025. They were signed on its behalf by:

Mr A W Hardy
Director
INVERKIP HOTEL (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
INVERKIP HOTEL (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Inverkip Hotel (Holdings) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Johnston Carmichael, 227 West George Street, Glasgow, G2 2ND, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including loans from subsidiary company, are recognised at transaction price.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 November 2023 520,900 520,900
At 31 October 2024 520,900 520,900
Carrying value at 31 October 2024 520,900 520,900
Carrying value at 31 October 2023 520,900 520,900

The shares are valued at cost which the directors consider to be reflective of the fair value of the shares.

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 47,226 35,603
Other creditors 24,080 24,080
71,306 59,683

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

2024 2023
£ £
Other creditors 28,962 40,585

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
250,032 A ordinary shares of £ 1.00 each 250,032 250,032

7. Related party transactions

Other related party transactions

2024 2023
£ £
Amounts owed to other related parties 47,226 35,603