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REGISTERED NUMBER: SC688578 (Scotland)










Unaudited Financial Statements

for the Year Ended

28 February 2025

for

KNOCKINAAM HOTEL AND LODGES LIMITED

KNOCKINAAM HOTEL AND LODGES LIMITED (REGISTERED NUMBER: SC688578)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KNOCKINAAM HOTEL AND LODGES LIMITED

Company Information
for the Year Ended 28 February 2025







DIRECTORS: K C R Lieu
P Y Taylor





REGISTERED OFFICE: The Granary Midkelton
Kelton
Castle Douglas
United Kingdom
DG7 1SG





REGISTERED NUMBER: SC688578 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

KNOCKINAAM HOTEL AND LODGES LIMITED (REGISTERED NUMBER: SC688578)

Balance Sheet
28 February 2025

2025 2024
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,852 8,267
Tangible assets 5 487,468 311,520
493,320 319,787

CURRENT ASSETS
Stocks 75,071 55,122
Debtors 6 11,093 2,768
Cash at bank and in hand 14,047 28,369
100,211 86,259
CREDITORS
Amounts falling due within one year 7 (395,883 ) (196,209 )
NET CURRENT LIABILITIES (295,672 ) (109,950 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,648

209,837

CREDITORS
Amounts falling due after more than one
year

8

(4,134

)

(16,534

)
NET ASSETS 193,514 193,303

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 193,414 193,203
193,514 193,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

KNOCKINAAM HOTEL AND LODGES LIMITED (REGISTERED NUMBER: SC688578)

Balance Sheet - continued
28 February 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 11 August 2025 and were signed on its behalf by:




K C R Lieu - Director



P Y Taylor - Director


KNOCKINAAM HOTEL AND LODGES LIMITED (REGISTERED NUMBER: SC688578)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Knockinaam Hotel And Lodges 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 20% on reducing balance

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

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.


KNOCKINAAM HOTEL AND LODGES LIMITED (REGISTERED NUMBER: SC688578)

Notes to the Financial Statements - continued
for the Year Ended 28 February 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.

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 19 (2024 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2024
and 28 February 2025 12,075
AMORTISATION
At 1 March 2024 3,808
Charge for year 2,415
At 28 February 2025 6,223
NET BOOK VALUE
At 28 February 2025 5,852
At 29 February 2024 8,267

KNOCKINAAM HOTEL AND LODGES LIMITED (REGISTERED NUMBER: SC688578)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2024 - 77,210 961,272 8,442 1,046,924
Additions 100,812 119,029 12,452 5,386 237,679
At 28 February 2025 100,812 196,239 973,724 13,828 1,284,603
DEPRECIATION
At 1 March 2024 - 58,758 669,106 7,540 735,404
Charge for year 7,622 23,121 30,203 785 61,731
At 28 February 2025 7,622 81,879 699,309 8,325 797,135
NET BOOK VALUE
At 28 February 2025 93,190 114,360 274,415 5,503 487,468
At 29 February 2024 - 18,452 292,166 902 311,520

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Prepayments 11,093 2,768

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other loans 12,400 12,400
Trade creditors 33,783 26,974
Amounts owed to group undertakings 224,000 -
Tax (59 ) (59 )
Social security and other taxes 4,533 4,114
VAT 34,223 25,714
Other creditors 5,679 4,052
Amount due to shareholders 41,868 29,111
Credit card 4,002 316
Deferred income 27,900 87,052
Accrued expenses 7,554 6,535
395,883 196,209

KNOCKINAAM HOTEL AND LODGES LIMITED (REGISTERED NUMBER: SC688578)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Other loans - 1-2 years 4,134 12,400
Other loans - 2-5 years - 4,134
4,134 16,534