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REGISTERED NUMBER: SC488025 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Sands Hotel (Orkney) Ltd

Sands Hotel (Orkney) Ltd (Registered number: SC488025)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sands Hotel (Orkney) Ltd

Company Information
for the year ended 30 November 2024







DIRECTORS: M C Price
Ms K McGlinchey
J S L Taylor





SECRETARY:





REGISTERED OFFICE: Sands Hotel
Burray
Orkney
KW17 2SS





REGISTERED NUMBER: SC488025 (Scotland)





ACCOUNTANTS: Foubister & Bain
4 Broad Street
Kirkwall
Orkney
KW15 1NX

Sands Hotel (Orkney) Ltd (Registered number: SC488025)

Balance Sheet
30 November 2024

2023 2024
£    £    Notes £   
FIXED ASSETS
30,000 Intangible assets 4 27,500
516,732 Tangible assets 5 514,355
546,732 541,855

CURRENT ASSETS
7,250 Stocks 7,250
1,857 Debtors 6 2,745
167,710 Cash at bank and in hand 108,247
176,817 118,242
CREDITORS
304,383 Amounts falling due within one year 7 276,249
(127,566 ) NET CURRENT LIABILITIES (158,007 )

419,166
TOTAL ASSETS LESS CURRENT
LIABILITIES

383,848

CREDITORS

94,794
Amounts falling due after more than one
year

8

-
324,372 NET ASSETS 383,848

CAPITAL AND RESERVES
1,000 Called up share capital 1,000
323,372 Retained earnings 382,848
324,372 SHAREHOLDERS' FUNDS 383,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

Sands Hotel (Orkney) Ltd (Registered number: SC488025)

Balance Sheet - continued
30 November 2024


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 17 June 2025 and were signed on its behalf by:





Ms K McGlinchey - Director


Sands Hotel (Orkney) Ltd (Registered number: SC488025)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

Sands Hotel (Orkney) 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land & Buildings 1% reducing balance

Motor Vehicles 25% reducing balance

Equipment, Fixtures & Fittings 20% reducing balance.

No depreciation has been provided on land & buildings, and no amortisation on goodwill, in the period of purchase.

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

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.


Sands Hotel (Orkney) Ltd (Registered number: SC488025)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 50,000
AMORTISATION
At 1 December 2023 20,000
Charge for year 2,500
At 30 November 2024 22,500
NET BOOK VALUE
At 30 November 2024 27,500
At 30 November 2023 30,000

Sands Hotel (Orkney) Ltd (Registered number: SC488025)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST
At 1 December 2023 587,079 545,266 41,813
Disposals (5,350 ) - (5,350 )
At 30 November 2024 581,729 545,266 36,463
DEPRECIATION
At 1 December 2023 70,347 35,818 34,529
Charge for year 1,226 - 1,226
Eliminated on disposal (4,199 ) - (4,199 )
At 30 November 2024 67,374 35,818 31,556
NET BOOK VALUE
At 30 November 2024 514,355 509,448 4,907
At 30 November 2023 516,732 509,448 7,284

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,745 1,857

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 24,211
Trade creditors 16,274 28,413
Taxation 49,138 41,462
Other creditors 210,837 210,297
276,249 304,383

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 94,794

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 119,005

Sands Hotel (Orkney) Ltd (Registered number: SC488025)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

10. RELATED PARTY DISCLOSURES

Included under other creditors are loans to the company by the directors totalling £206,697. This comprised of £101,278 due to M C Price, £52,643 due to J S L Taylor and £52,776 to K McGlinchey. The loans are interest free with no fixed repayment terms.