Harris Hotel (2002) Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: SC230177 (Scotland)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Harris Hotel (2002) Ltd.

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Directors:

W D Cameron

J M Morrison

H R Morrison

A Morrison

S V Scott

Secretary:

J M Morrison

Registered office:

4th Floor Metropolitan House

31-33 High Street

Inverness

Inverness-shire

IV1 1HT

Registered number:

SC230177 (Scotland)

Accountants:

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

Inverness-shire

IV1 1HT

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harris Hotel (2002) Ltd. for the year ended 31st March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Harris Hotel (2002) Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Harris Hotel (2002) Ltd. and state those matters that we have agreed to state to the Board of Directors of Harris Hotel (2002) Ltd., as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Harris Hotel (2002) Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Harris Hotel (2002) Ltd.. You consider that Harris Hotel (2002) Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Harris Hotel (2002) Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

Inverness-shire

IV1 1HT

18th December 2025

Fixed assets

Tangible assets

4

295,062

305,762

Current assets

Stocks

24,277

26,175

Debtors

5

10,704

13,613

Cash at bank and in hand

51,267

34,591

86,248

74,379

Creditors

Amounts falling due within one year

6

138,690

125,202

Net current liabilities

(52,442

)

(50,823

)

Total assets less current liabilities

242,620

254,939

Creditors

Amounts falling due after more than one year

7

(3,334

)

(13,333

)

Provisions for liabilities

(39,064

)

(46,333

)

Net assets

200,222

195,273

Capital and reserves

Called up share capital

120

Retained earnings

200,102

195,153

200,222

195,273

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th December 2025 and were signed on its behalf by:

A Morrison - Director

1.	Statutory information

Harris Hotel (2002) 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.

Freehold property

-

in accordance with the property

Fixtures and fittings

-

15% 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 Statement of Income and Retained Earnings, 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.

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.

Fair value

Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3.	Employees and directors

The average number of employees during the year was 38 (2024 - 40 ) .

4.	Tangible fixed assets

Fixtures

Freehold

Short

and

Motor

property

leasehold

fittings

vehicles

Totals

£

Cost

At 1st April 2024

324,452

291,378

176,966

6,011

798,807

Additions

-

5,000

Disposals

-

(5,211

)

(5,211

)

At 31st March 2025

324,452

291,378

176,966

5,800

798,596

Depreciation

At 1st April 2024

49,316

291,378

150,698

1,653

493,045

Charge for year

6,489

-

3,940

1,363

11,792

Eliminated on disposal

-

(1,303

)

(1,303

)

At 31st March 2025

55,805

291,378

154,638

1,713

503,534

Net book value

At 31st March 2025

268,647

-

22,328

4,087

295,062

At 31st March 2024

275,136

-

26,268

4,358

305,762

5.

Debtors: amounts falling due within one year

2025

2024

£

Trade debtors

7,385

9,887

Other debtors

3,319

3,726

10,704

13,613

6.

Creditors: amounts falling due within one year

2025

2024

£

Bank loans and overdrafts

10,000

Trade creditors

64,125

67,273

Taxation and social security

57,141

39,983

Other creditors

7,424

7,946

138,690

125,202

7.

Creditors: amounts falling due after more than one year

2025

2024

£

Other creditors

3,334

13,333

Included within creditors; amounts falling due after more than one year is an amount of £2,396 (2022 - £7,893) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

Included in other creditors are bank loans with a standard security over Oanlea, Main Street, Tarbert, Isle of Harris, a fixed charge over 11 Macqueen Street, Tarbert, Isle of Harris, and floating charge over the other assets of the company.