Purewal Hotels Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC261390 (Scotland)

Financial Statements

for the Year Ended 31 March 2025

for

Purewal Hotels Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M S Purewal

Mrs S P P Jagpal

SECRETARY:

Mrs S P P Jagpal

REGISTERED OFFICE:

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

REGISTERED NUMBER:

SC261390 (Scotland)

ACCOUNTANTS:

O'Haras Chartered Accountants

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

FIXED ASSETS

Tangible assets

3

1,907,207

CURRENT ASSETS

Debtors

4

288,095

449,747

Cash at bank

133,263

67,266

421,358

517,013

CREDITORS

Amounts falling due within one year

5

(11,310

)

156,381

NET CURRENT ASSETS

432,668

360,632

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,339,875

2,267,839

CREDITORS

Amounts falling due after more than one year

6

(103,219

)

(103,219

)

PROVISIONS FOR LIABILITIES

(27,774

)

(27,774

)

NET ASSETS

2,208,882

2,136,846

CAPITAL AND RESERVES

Called up share capital

7

4

Revaluation reserve

8

1,529,845

Retained earnings

679,033

606,997

SHAREHOLDERS' FUNDS

2,208,882

2,136,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 September 2025 and were signed on its behalf by:

M S Purewal - Director

1.	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 as modified by the revaluation of certain assets.

Going concern

The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

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.

Freehold property

-

not provided

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

No depreciation is provided on the hotel property. Impairment reviews are carried out annually on this property and provisions are made when appropriate.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

1,700,000

674,193

1,440

2,375,633

DEPRECIATION

At 1 April 2024

and 31 March 2025

-

466,986

1,440

468,426

NET BOOK VALUE

At 31 March 2025

1,700,000

207,207

-

1,907,207

At 31 March 2024

1,700,000

207,207

-

1,907,207

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

Valuation in 1996

1,027,000

-

1,027,000

Valuation in 2001

(310,000

)

-

(310,000

)

Valuation in 2004

(11,524

)

-

(11,524

)

Valuation in 2005

655,768

-

655,768

Valuation in 2008

635,756

-

635,756

Valuation in 2016

(700,000

)

-

(700,000

)

Cost

403,000

674,193

1,440

1,078,633

1,700,000

674,193

1,440

2,375,633

The hotel was revalued in the year to 31 March 2016 by M S Purewal, director.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

288,095

449,747

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Taxation and social security

23,436

22,851

Other creditors

(34,746

)

133,530

(11,310

)

156,381

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Other creditors

103,219

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

4

Ordinary

£1

4

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

1,529,845