REGISTERED NUMBER: SC461870 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

FOR

THE OBAN INN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Maire Lynch

John Steven Shaw

REGISTERED OFFICE:

R A Clement Associates

5 Argyll Square

OBAN

PA34 4AZ

REGISTERED NUMBER:

SC461870 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

OBAN

Argyll

PA34 4AZ

FIXED ASSETS

Intangible assets

4

25

50

Tangible assets

5

801,630

64,075

801,655

64,125

CURRENT ASSETS

Stocks

10,800

9,500

Debtors

6

178,338

63,061

Cash at bank and in hand

151,938

489,265

341,076

561,826

CREDITORS

Amounts falling due within one year

7

598,351

262,831

NET CURRENT (LIABILITIES)/ASSETS

(257,275

)

298,995

TOTAL ASSETS LESS CURRENT LIABILITIES

544,380

363,120

CREDITORS

Amounts falling due after more than one year

8

(80,266

)

-

PROVISIONS FOR LIABILITIES

(14,816

)

(13,815

)

NET ASSETS

449,298

349,305

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

449,198

349,205

SHAREHOLDERS' FUNDS

449,298

349,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 8 December 2025 and were signed on its behalf by:

John Steven Shaw - Director

1.	STATUTORY INFORMATION

The Oban Inn 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Private number plate are being amortised evenly over their estimated useful life of ten years.

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 reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Private

number

plate

£

COST

At 6 April 2024

and 5 April 2025

250

AMORTISATION

At 6 April 2024

200

Amortisation for year

25

At 5 April 2025

225

NET BOOK VALUE

At 5 April 2025

25

At 5 April 2024

50

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 6 April 2024

-

43,986

29,182

Additions

734,180

-

-

At 5 April 2025

734,180

43,986

29,182

DEPRECIATION

At 6 April 2024

-

25,962

21,580

Charge for year

-

3,606

1,520

At 5 April 2025

-

29,568

23,100

NET BOOK VALUE

At 5 April 2025

734,180

14,418

6,082

At 5 April 2024

-

18,024

7,602

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 6 April 2024

75,649

4,227

153,044

Additions

23,000

1,150

758,330

At 5 April 2025

98,649

5,377

911,374

DEPRECIATION

At 6 April 2024

37,200

4,227

88,969

Charge for year

15,361

288

20,775

At 5 April 2025

52,561

4,515

109,744

NET BOOK VALUE

At 5 April 2025

46,088

862

801,630

At 5 April 2024

38,449

-

64,075

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

178,338

63,061

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

417,530

-

Trade creditors

57,819

37,102

Taxation and social security

92,693

177,935

Other creditors

30,309

47,794

598,351

262,831

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

80,266

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

497,796

-

The Royal Bank of Scotland holds a bond and floating charge over the assets of the company.