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REGISTERED NUMBER: SC505597 (Scotland)















PB Chalets Limited

Financial Statements For The Year Ended 31 March 2025






PB Chalets Limited (Registered number: SC505597)






Contents of the Financial Statements
For The Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PB Chalets Limited

Company Information
For The Year Ended 31 March 2025







DIRECTORS: M J H Hughes
S Hughes





REGISTERED OFFICE: Craigellachie House
Dalfaber Road
Aviemore
Highland
PH22 1PX





REGISTERED NUMBER: SC505597 (Scotland)





ACCOUNTANTS: The Long Partnership
1st Floor
Robertson House
Shore Street
Inverness
Highland
IV1 1NF

PB Chalets Limited (Registered number: SC505597)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,025,152 2,110,329

CURRENT ASSETS
Debtors 5 1,822 11,635
Cash at bank 29,097 29,474
30,919 41,109
CREDITORS
Amounts falling due within one year 6 324,312 341,487
NET CURRENT LIABILITIES (293,393 ) (300,378 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,731,759

1,809,951

CREDITORS
Amounts falling due after more than one
year

7

(219,208

)

(249,468

)

PROVISIONS FOR LIABILITIES (45,561 ) (50,819 )
NET ASSETS 1,466,990 1,509,664

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 1,028,426 1,028,426
Retained earnings 437,564 480,238
SHAREHOLDERS' FUNDS 1,466,990 1,509,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

PB Chalets Limited (Registered number: SC505597)

Balance Sheet - continued
31 March 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 28 June 2025 and were signed on its behalf by:





M J H Hughes - Director


PB Chalets Limited (Registered number: SC505597)

Notes to the Financial Statements
For The Year Ended 31 March 2025

1. STATUTORY INFORMATION

PB Chalets 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and houseno depreciation
Chaletsover estimated lives averaging 30 years
Boilers/heat pumpsover 15 years
Other equipment 10% reducing balance
Motor vehicles 20% reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

PB Chalets Limited (Registered number: SC505597)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Freehold
property Equipment Totals
£    £    £   
COST
At 1 April 2024 2,289,960 375,204 2,665,164
Additions 1,911 9,512 11,423
Disposals - (10,000 ) (10,000 )
At 31 March 2025 2,291,871 374,716 2,666,587
DEPRECIATION
At 1 April 2024 447,101 107,734 554,835
Charge for year 62,000 34,600 96,600
Eliminated on disposal - (10,000 ) (10,000 )
At 31 March 2025 509,101 132,334 641,435
NET BOOK VALUE
At 31 March 2025 1,782,770 242,382 2,025,152
At 31 March 2024 1,842,859 267,470 2,110,329

Included in cost of land and buildings is freehold land of £ 525,250 (2024 - £ 525,250 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 1,822 11,635

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 31,260 31,260
Taxation and social security 105,008 108,514
Other creditors 188,044 201,713
324,312 341,487

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 219,208 249,468

PB Chalets Limited (Registered number: SC505597)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 250,468 280,728

The bank loan is secured against Craigellachie House and Pine Bank Chalets, Dalfaber Road, Aviemore, PH22 1PX.