Pinehurst Lodge Ltd
Registered number: SC463533
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 35,105 49,288
Investments 4 620,756 620,756
655,861 670,044
Current assets
Stocks 6,885 6,885
Debtors 5 4,358 8,554
Cash at bank and in hand 455,779 395,511
467,022 410,950
Creditors: amounts falling due within one year 6 (162,386) (164,212)
Net current assets 304,636 246,738
Total assets less current liabilities 960,497 916,782
Creditors: amounts falling due after more than one year 7 3,676 (11,040)
Net assets 964,173 905,742
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 963,173 904,742
Shareholders' funds 964,173 905,742
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D.Crawford
Director
Approved by the board on 21 August 2025
Pinehurst Lodge Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 25 22
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2023 83,163 37,610 120,773
At 30 November 2024 83,163 37,610 120,773
Depreciation
At 1 December 2023 63,265 8,220 71,485
Charge for the year 5,963 8,220 14,183
At 30 November 2024 69,228 16,440 85,668
Net book value
At 30 November 2024 13,935 21,170 35,105
At 30 November 2023 19,898 29,390 49,288
4 Investments
Other
investments
£
Cost
At 1 December 2023 620,756
At 30 November 2024 620,756
5 Debtors 2024 2023
£ £
Trade debtors 4,358 8,554
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 11,303 17,770
Corporation tax 79,755 81,022
Other creditors 71,328 65,420
162,386 164,212
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,766 13,528
Obligations under finance lease and hire purchase contracts (12,442) (2,488)
(3,676) 11,040
8 Other information
Pinehurst Lodge Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
Pinehurst Lodge
Pitmedden Road
Dyce
Aberdeenshire
AB21 0EX
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