REGISTERED NUMBER: SC371642 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Hazledene Strawberrybank (Hotel) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M D Shaw

SECRETARY:

Dr N Baille

REGISTERED OFFICE:

The Ca'd'ora

45 Gordon Street

Glasgow

G1 3PE

REGISTERED NUMBER:

SC371642 (Scotland)

SOLICITORS:

Harper Macleod LLP

The Ca'd'ora

45 Gordon Street

Glasgow

G1 3PE

FIXED ASSETS

Tangible assets

4

3,554,500

3,450,112

CURRENT ASSETS

Stocks

12,323

12,508

Debtors

5

2,110,390

2,467,996

Prepayments and accrued income

117,083

112,537

Cash at bank and in hand

661,180

821,471

2,900,976

3,414,512

CREDITORS

Amounts falling due within one year

6

1,968,759

2,095,120

NET CURRENT ASSETS

932,217

1,319,392

TOTAL ASSETS LESS CURRENT LIABILITIES

4,486,717

4,769,504

CREDITORS

Amounts falling due after more than one year

7

(4,200,000

)

(4,200,000

)

PROVISIONS FOR LIABILITIES

(268,218

)

(271,614

)

NET ASSETS

18,499

297,890

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

18,498

297,889

SHAREHOLDERS' FUNDS

18,499

297,890

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

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

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 26 September 2025 and were signed by:

M D Shaw - Director

1.	STATUTORY INFORMATION

Hazledene Strawberrybank (Hotel) 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 as modified by the revaluation of certain assets.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue to meet its obligations as they fall due for at least 12 months from the date of approval of the financial statements.

The company is supported by group funding which the director is confident will be in place for not less than 12 months from approval of the financial statements. The company's ability to continue as a going concern is dependent on its ability to obtain continued financing.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. Valuation of the long leasehold asset requires significant judgement. The asset is valued based on a third party valuation carried out in May 2021 which the director considers still reasonable.

Turnover

Turnover is the total amount receivable by the company for goods supplied and services provided, excluding VAT and trade discounts.

Income from accommodation, room hire, food and beverage are all recognised as services are provided. Deposits received are not recognised in turnover until the service to which it relates has been carried out. Until that time, deposits received are held in creditors.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 29 (2023 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1 January 2024

3,350,000

607,955

175,855

4,133,810

Additions

-

140,002

37,255

177,257

At 31 December 2024

3,350,000

747,957

213,110

4,311,067

DEPRECIATION

At 1 January 2024

-

514,341

169,357

683,698

Charge for year

-

57,202

15,667

72,869

At 31 December 2024

-

571,543

185,024

756,567

NET BOOK VALUE

At 31 December 2024

3,350,000

176,414

28,086

3,554,500

At 31 December 2023

3,350,000

93,614

6,498

3,450,112

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

Valuation in 2021

(13,384,666

)

-

-

(13,384,666

)

Valuation in 2023

(3,265,334

)

-

-

(3,265,334

)

Cost

20,000,000

747,957

213,110

20,961,067

3,350,000

747,957

213,110

4,311,067

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

156,415

250,521

Amounts owed by group undertakings

1

1

Other debtors

1,953,974

2,217,474

2,110,390

2,467,996

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

248,344

329,249

Amounts owed to group undertakings

1,080,427

1,062,143

Taxation and social security

107,144

59,521

Other creditors

532,844

644,207

1,968,759

2,095,120

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

4,200,000

4,200,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Due in more than 5 years

4,200,000

4,200,000

Other creditors relate to the sale and lease back ground lease. The liability will be amortised over the 125 year leasehold period (113 years remain) unless the option to redeem is evoked in 2027.

The annual finance element of annual rentals charged is shown as 'other interest' in the Income Statement.

8.	RELATED PARTY DISCLOSURES

During the year £1,445 (2023: £853,698) was received by the company from, and £25,000 (2023: £464,500) was repaid to, its ultimate parent undertaking Hazledene Group Limited. In addition, interest was charged in the year of £41,839. The balance due as at 31December 2024 is £1,080,427 (2023: £1,062,143).

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Hazledene (Strawberrybank) Limited.

The ultimate controlling party is M D Shaw.