Premier Stays Fife Ltd - Filleted accounts

Registered number

SC718896

Premier Stays Fife Ltd

Filleted Accounts

31 March 2025

Premier Stays Fife Ltd
Registered number:		SC718896
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		171,050			15,249

Current assets
Debtors	4	46,753			29,028
Cash at bank and in hand		27,513			21,232
		74,266			50,260

Creditors: amounts falling due within one year	5	(114,283)			(21,511)

Net current (liabilities)/assets			(40,017)			28,749

Total assets less current liabilities			131,033			43,998

Creditors: amounts falling due after more than one year	6		(81,267)			(9,041)



Net assets			49,766			34,957

Capital and reserves
Called up share capital			100			100
Profit and loss account			49,666			34,857

Shareholder's funds			49,766			34,957

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Simona Petroaia
Director
Approved by the board on 16 December 2025

Premier Stays Fife Ltd
Notes to the Accounts
for the period from 1 February 2024 to 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office Equipment			25% Straight Line Method
	Motor Vehicle			25% Straight Line Method
	Property Plant and Equipment			10% Reducing Balance Method

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					6		3

3	Tangible fixed assets
		Property Plant and Equipment		Office Equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2024	-		1,365		17,298		18,663
	Additions	166,014		-		-		166,014
	At 31 March 2025	166,014		1,365		17,298		184,677

	Depreciation
	At 1 February 2024	-		171		3,243		3,414
	Charge for the period	4,770		398		5,045		10,213
	At 31 March 2025	4,770		569		8,288		13,627

	Net book value
	At 31 March 2025	161,244		796		9,010		171,050
	At 31 January 2024	-		1,194		14,055		15,249

4	Debtors					2025		2024
£							£

	Due from group undertakings					25,000		25,000
	VAT					21,753		4,028
						46,753		29,028

5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					27,890		-
	Hire purchases loan					2,712		2,712
	Trade creditors					20,000		-
	Directors loan account					7,729		710
	Corporation tax					518		9,446
	Other social security costs					3,500		1,001
	Other creditors					51,934		7,642
						114,283		21,511

6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					75,390		-
	Hire purchases loan					5,877		9,041
						81,267		9,041

7	Other information

	Premier Stays Fife Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:

	12 Acorn Court
	Cellardyke
	Anstruther
	Scotland
	KY10 3FB