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REGISTERED NUMBER: SC166916 (Scotland)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

KESTREL INNS LIMITED

KESTREL INNS LIMITED (REGISTERED NUMBER: SC166916)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KESTREL INNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: G Graham





REGISTERED OFFICE: Arran House
15D Skye Road
Prestwick
Ayrshire
KA9 2TA





REGISTERED NUMBER: SC166916 (Scotland)





ACCOUNTANTS: Robert J Hart & Company
Chartered Accountants
Arran House
15D Skye Road
Prestwick
Ayrshire
KA9 2TA

KESTREL INNS LIMITED (REGISTERED NUMBER: SC166916)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 396,462 397,097

CURRENT ASSETS
Debtors 5 820 14,886
Cash at bank 115,233 160,505
116,053 175,391
CREDITORS
Amounts falling due within one year 6 213,288 241,483
NET CURRENT LIABILITIES (97,235 ) (66,092 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

299,227

331,005

CREDITORS
Amounts falling due after more than one
year

7

13,375

23,040
NET ASSETS 285,852 307,965

CAPITAL AND RESERVES
Called up share capital 117 117
Capital redemption reserve 49 49
Retained earnings 285,686 307,799
285,852 307,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KESTREL INNS LIMITED (REGISTERED NUMBER: SC166916)

BALANCE SHEET - continued
31 AUGUST 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 director and authorised for issue on 21 August 2025 and were signed by:





G Graham - Director


KESTREL INNS LIMITED (REGISTERED NUMBER: SC166916)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Kestrel Inns 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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance and 15 years straight line basis

The residual value of the freehold property is considered to be in excess of the book value, therefore no depreciation has been charged.

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.

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 1 (2023 - 10 ) .

KESTREL INNS LIMITED (REGISTERED NUMBER: SC166916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 392,864 11,971 75,600 480,435
DEPRECIATION
At 1 September 2023 - 7,740 75,598 83,338
Charge for year - 634 1 635
At 31 August 2024 - 8,374 75,599 83,973
NET BOOK VALUE
At 31 August 2024 392,864 3,597 1 396,462
At 31 August 2023 392,864 4,231 2 397,097

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 820 14,886

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 333 1,799
Taxation and social security 885 21,430
Other creditors 202,070 208,254
213,288 241,483

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 13,375 23,040

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 23,375 33,040

Bank loans and overdrafts are secured by a standard security over the company's property together with a bond and floating charge over the other assets of the company.

KESTREL INNS LIMITED (REGISTERED NUMBER: SC166916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

9. RELATED PARTY DISCLOSURES

At the balance sheet date there was a balance due from a partnership in which the director has a material interest of nil (2023: £8,053) The balance is interest free and repayable on demand.

At the balance sheet date there was an amount due to an associated company of £19,125 (2023:£19,125).The balance is interest free and repayable on demand.