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REGISTERED NUMBER: SC249368 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Smiths Hotel Ltd

Smiths Hotel Ltd (Registered number: SC249368)






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


Smiths Hotel Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: N Mahmood
Mrs M A Chaudhry





REGISTERED OFFICE: Upper Floor
82 Muir Street
Muir Street
Hamilton
ML3 6BJ





REGISTERED NUMBER: SC249368 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

Smiths Hotel Ltd (Registered number: SC249368)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,818,232 1,232,138

CURRENT ASSETS
Debtors 5 537,164 321,845
Cash at bank and in hand 40,453 176,879
577,617 498,724
CREDITORS
Amounts falling due within one year 6 949,559 447,777
NET CURRENT (LIABILITIES)/ASSETS (371,942 ) 50,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,446,290

1,283,085

CREDITORS
Amounts falling due after more than
one year

7

(2,954

)

(216,018

)

PROVISIONS FOR LIABILITIES (95,741 ) (100,745 )
NET ASSETS 1,347,595 966,322

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 212,929 218,221
Retained earnings 1,133,666 747,101
1,347,595 966,322

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.

Smiths Hotel Ltd (Registered number: SC249368)

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 July 2025 and were signed on its behalf by:





N Mahmood - Director


Smiths Hotel Ltd (Registered number: SC249368)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Smiths 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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances
Cash and bank balances are measured at the transaction price.

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.


Smiths Hotel Ltd (Registered number: SC249368)

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

2. ACCOUNTING POLICIES - continued
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.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

Smiths Hotel Ltd (Registered number: SC249368)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2024 1,315,358 224,490 1,539,848
Additions 644,652 5,765 650,417
Disposals (15,093 ) - (15,093 )
At 31 March 2025 1,944,917 230,255 2,175,172
DEPRECIATION
At 1 April 2024 191,829 115,881 307,710
Charge for year 34,809 15,315 50,124
Eliminated on disposal (894 ) - (894 )
At 31 March 2025 225,744 131,196 356,940
NET BOOK VALUE
At 31 March 2025 1,719,173 99,059 1,818,232
At 31 March 2024 1,123,529 108,609 1,232,138

Cost or valuation at 31 March 2025 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2015 352,762 - 352,762
Cost 1,592,155 230,255 1,822,410
1,944,917 230,255 2,175,172

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Amounts owed by participating interests 533,620 318,620
Prepayments 3,544 3,225
537,164 321,845

Smiths Hotel Ltd (Registered number: SC249368)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 214,312 65,056
Hire purchase contracts 4,426 4,124
Trade creditors 225,400 41,594
Tax 205,883 120,291
Social security and other taxes 2,017 (1,750 )
VAT 14,608 51,829
Other creditors 526 6,234
Directors' current accounts 234,060 148,486
Accrued expenses 48,327 11,913
949,559 447,777

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans - 1-2 years - 60,025
Bank loans - 2-5 years - 148,613
Hire purchase contracts 2,954 7,380
2,954 216,018

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank overdraft 5,674 -
Bank loans 208,638 273,694
Hire purchase contracts 7,380 11,504
221,692 285,198

Bank of Scotland hold standard security over all assets of the company.
Hire Purchase contracts are secured on the assets financed.

Smiths Hotel Ltd (Registered number: SC249368)

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

9. RESERVES
Revaluation
reserve
£   
At 1 April 2024 218,221
Asset revaluation (7,056 )
Deferred tax 1,764

At 31 March 2025 212,929