REGISTERED NUMBER: SC569209 (Scotland)

Unaudited Financial Statements For The Year Ended 30 September 2024

for

Castlecary Hotel Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M S Khungha

R S Khungha

REGISTERED OFFICE:

904 Sauchiehall Street

Glasgow

G3 7TF

REGISTERED NUMBER:

SC569209 (Scotland)

ACCOUNTANTS:

Ahmad & Nabi Mcmullan

95-107 Lancefield Street

Glasgow

Lanarkshire

G3 8HZ

FIXED ASSETS

Tangible assets

4

323,729

399,671

CURRENT ASSETS

Debtors

5

-

55,645

Cash at bank

58,123

24,190

58,123

79,835

CREDITORS

Amounts falling due within one year

6

728,401

697,788

NET CURRENT LIABILITIES

(670,278

)

(617,953

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(346,549

)

(218,282

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(346,649

)

(218,382

)

SHAREHOLDERS' FUNDS

(346,549

)

(218,282

)

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

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

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 20 September 2025 and were signed on its behalf by:

R S Khungha - Director

1.	STATUTORY INFORMATION

Castlecary Hotel 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.

Tangible fixed assets

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

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.

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 49 (2023 - 49 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 October 2023

25,547

1,148,317

1,173,864

Additions

4,990

-

4,990

At 30 September 2024

30,537

1,148,317

1,178,854

DEPRECIATION

At 1 October 2023

13,473

760,720

774,193

Charge for year

3,413

77,519

80,932

At 30 September 2024

16,886

838,239

855,125

NET BOOK VALUE

At 30 September 2024

13,651

310,078

323,729

At 30 September 2023

12,074

387,597

399,671

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

-

55,645

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Khungha investment ltd loan

404,000

404,000

Trade creditors

96,242

72,139

PAYE

7,685

16,352

Pension fund

1,645

1,618

VAT

84,835

92,302

Directors' loan accounts

133,994

111,377

728,401

697,788