Edinburgh Thistle Hotel Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC253289 (Scotland)

Unaudited Financial Statements for the Year Ended 30 March 2025

for

Edinburgh Thistle Hotel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G J J Favier

REGISTERED OFFICE:

59 Manor Place

Edinburgh

EH3 7EG

REGISTERED NUMBER:

SC253289 (Scotland)

ACCOUNTANTS:

Neil Nisbet & Co.

c/o Neil Nisbet & Co.

Thain House

226 Queensferry Road

Edinburgh

EH4 2BP

FIXED ASSETS

Tangible assets

4

60,253

64,364

CURRENT ASSETS

Stocks

2,940

1,904

Debtors

5

28,107

19,015

Cash at bank and in hand

40,828

84,460

71,875

105,379

CREDITORS

Amounts falling due within one year

6

91,594

104,635

NET CURRENT (LIABILITIES)/ASSETS

(19,719

)

744

TOTAL ASSETS LESS CURRENT
LIABILITIES

40,534

65,108

CREDITORS

Amounts falling due after more than one year

7

(18,393

)

(41,650

)

PROVISIONS FOR LIABILITIES

(11,450

)

(12,100

)

NET ASSETS

10,691

11,358

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

10,689

11,356

10,691

11,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 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 23 December 2025 and were signed by:

G J J Favier - Director

1.	STATUTORY INFORMATION

Edinburgh Thistle 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

25% on cost

Plant and machinery etc

-

25% on cost and 20% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 31 March 2024

109,478

183,696

293,174

Additions

-

7,871

At 30 March 2025

109,478

191,567

301,045

DEPRECIATION

At 31 March 2024

109,478

119,332

228,810

Charge for year

-

11,982

At 30 March 2025

109,478

131,314

240,792

NET BOOK VALUE

At 30 March 2025

-

60,253

At 30 March 2024

-

64,364

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 31 March 2024

and 30 March 2025

33,325

DEPRECIATION

At 31 March 2024

9,331

Charge for year

4,798

At 30 March 2025

14,129

NET BOOK VALUE

At 30 March 2025

19,196

At 30 March 2024

23,994

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

Other debtors

28,107

19,015

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

Bank loans and overdrafts

17,425

Hire purchase contracts

5,832

9,997

Trade creditors

7,838

5,771

Taxation and social security

37,049

47,115

Other creditors

23,450

24,327

91,594

104,635

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.3.25

30.3.24

£

Bank loans

18,393

35,818

Hire purchase contracts

-

5,832

18,393

41,650

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2025 and 30 March 2024:

30.3.25

30.3.24

£

G J J Favier

Balance outstanding at start of year

9,114

15,549

Amounts repaid

(2,612

)

(6,435

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

6,502

9,114