Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 SC190222 Mr Lee Doyle Mrs Carole Doyle Mr Cameron Doyle Miss Emily Doyle Mrs Carole Doyle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC190222 2023-10-31 SC190222 2024-10-31 SC190222 2023-11-01 2024-10-31 SC190222 frs-core:Non-currentFinancialInstruments 2024-10-31 SC190222 frs-core:BetweenOneFiveYears 2024-10-31 SC190222 frs-core:FurnitureFittings 2023-11-01 2024-10-31 SC190222 frs-core:MotorVehicles 2023-11-01 2024-10-31 SC190222 frs-core:WithinOneYear 2024-10-31 SC190222 frs-core:ShareCapital 2024-10-31 SC190222 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC190222 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC190222 frs-bus:AbridgedAccounts 2023-11-01 2024-10-31 SC190222 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC190222 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC190222 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC190222 frs-core:CostValuation 2023-10-31 SC190222 frs-core:DisposalsRepaymentsInvestments 2024-10-31 SC190222 frs-core:CostValuation 2024-10-31 SC190222 frs-bus:Director1 2023-11-01 2024-10-31 SC190222 frs-bus:Director1 2023-10-31 SC190222 frs-bus:Director1 2024-10-31 SC190222 frs-bus:Director2 2023-11-01 2024-10-31 SC190222 frs-bus:Director2 2023-10-31 SC190222 frs-bus:Director2 2024-10-31 SC190222 frs-bus:Director3 2023-11-01 2024-10-31 SC190222 frs-bus:Director3 2023-10-31 SC190222 frs-bus:Director3 2024-10-31 SC190222 frs-bus:Director4 2023-11-01 2024-10-31 SC190222 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 SC190222 frs-countries:Scotland 2023-11-01 2024-10-31 SC190222 2022-10-31 SC190222 2023-10-31 SC190222 2022-11-01 2023-10-31 SC190222 frs-core:Non-currentFinancialInstruments 2023-10-31 SC190222 frs-core:BetweenOneFiveYears 2023-10-31 SC190222 frs-core:WithinOneYear 2023-10-31 SC190222 frs-core:ShareCapital 2023-10-31 SC190222 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
STIRLING INNS LTD.
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—7
Page 1
Abridged Balance Sheet
Registered number: SC190222
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,030 36,622
Investment Properties 5 910,000 960,000
Investments 6 - 50
942,030 996,672
CURRENT ASSETS
Debtors 2,010 3,020
Cash at bank and in hand 6,042 7,199
8,052 10,219
Creditors: Amounts Falling Due Within One Year (252,435 ) (204,177 )
NET CURRENT ASSETS (LIABILITIES) (244,383 ) (193,958 )
TOTAL ASSETS LESS CURRENT LIABILITIES 697,647 802,714
Creditors: Amounts Falling Due After More Than One Year (286,333 ) (325,382 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (52,805 ) (41,693 )
NET ASSETS 358,509 435,639
CAPITAL AND RESERVES
Called up share capital 9 119 119
Profit and Loss Account 358,390 435,520
SHAREHOLDERS' FUNDS 358,509 435,639
Page 1
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For the 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.
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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 October 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Lee Doyle
Director
12th March 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
STIRLING INNS LTD. is a private company, limited by shares, incorporated in Scotland, registered number SC190222 . The registered office is 10-12 Airthrey Road, Causewayhead, Stirling, FK9 5JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 10% Straight Line
Fixtures & Fittings 10-25% Straight Line
Impairment of Fixed Assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. 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.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the company after deducting all of its liabilities.
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.
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with
banks, other short-term liquid investments with original maturities of three months or less, and bank
overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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2.7. 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. Such assets and liabilities are not recognised if the timing
difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction
that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the
extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the
asset to be recovered. 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. Deferred tax assets and liabilities are offset when the company has a legally
enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate
to taxes levied by the same tax authority.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Total
£
Cost
As at 1 November 2023 112,745
As at 31 October 2024 112,745
Depreciation
As at 1 November 2023 76,123
Provided during the period 4,592
As at 31 October 2024 80,715
Net Book Value
As at 31 October 2024 32,030
As at 1 November 2023 36,622
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5. Investment Property
2024
£
Fair Value
As at 1 November 2023 960,000
Disposals (50,000 )
As at 31 October 2024 910,000
6. Investments
Total
£
Cost
As at 1 November 2023 50
Disposals (50 )
As at 31 October 2024 -
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 50
7. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,650 30,470
Bank loans and overdrafts 304,904 317,481
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,397 4,820
Later than one year and not later than five years 20,253 25,650
25,650 30,470
25,650 30,470
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 119 119
10. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Lee Doyle 75,592 - 24,212 - 51,380
Mrs Carole Doyle - 39,453 - - 39,453
Mr Cameron Doyle 5,576 1,686 - - 7,262
The above loan is unsecured, interest free and repayable on demand.
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