Drygate Inns Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC404080

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,142,211		1,139,428

			1,142,211		1,139,428
CURRENT ASSETS
Stocks	5	10,000		10,000
Debtors	6	4,147		-
Cash at bank and in hand		302		735

		14,449		10,735
Creditors: Amounts Falling Due Within One Year	7	(105,474 )		(100,636 )

NET CURRENT ASSETS (LIABILITIES)			(91,025 )		(89,901 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,051,186		1,049,527

Creditors: Amounts Falling Due After More Than One Year	8		(1,617,267 )		(1,493,647 )

NET LIABILITIES			(566,081 )		(444,120 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(566,082 )		(444,121 )

SHAREHOLDERS' FUNDS			(566,081)		(444,120)

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Drygate Inns Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Alan Bruce

Director

25/08/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Drygate Inns Limited is a private company, limited by shares, incorporated in Scotland, registered number SC404080 . The registered office is Oakfield house, 378 Brandon Street, Motherwell, Lanarkshire, ML1 1XA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	10
Leasehold	10
Plant & Machinery	10
Motor Vehicles	10
Fixtures & Fittings	10
Computer Equipment	10

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2023: 12)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	665,000	37,466	525,828	628	1,228,922
Additions	-	30,000	16,300	-	46,300

As at 31 December 2024	665,000	67,466	542,128	628	1,275,222

...CONTINUED

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Drygate Inns Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	30,147	5,505	53,763	79	89,494
Provided during the period	-	2,810	40,660	47	43,517

As at 31 December 2024	30,147	8,315	94,423	126	133,011

Net Book Value
As at 31 December 2024	634,853	59,151	447,705	502	1,142,211

As at 1 January 2024	634,853	31,961	472,065	549	1,139,428

5. Stocks

	2024	2023
	£	£
Stock	10,000	10,000

6. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	4,147	-

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	53,517	52,597
Other loans	6,000	4,000
Other taxes and social security	2,555	5,262
VAT	1,602	14,469
Net wages	-	2,514
Other creditors	-	5,608
Pension payable	-	900
Accruals and deferred income	36,000	-
Directors' loan accounts	5,800	15,286

	105,474	100,636

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other loans	572,713	584,954
Directors loan account	1,044,554	908,693

	1,617,267	1,493,647

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

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