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Registration number: SC732915

The Corrie Hotel Limited
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 31 May 2025

The Corrie Hotel Limited

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 8

The Corrie Hotel Limited

Company Information

Directors | Mr R K Meadows Mr A J Garbutt

Registered office | The Corrie Hotel Shore Road Corrie United Kingdom KA27 8JB

Accountants | Inn Control Hospitality Accountants Limited 10 Cheyne Walk Northampton Northamptonshire NN1 5PT

The Corrie Hotel Limited

(Registration number: SC732915)
Abridged Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 162,386 | 205,997
Current assets |  |  |
Stocks | 5 | 22,248 | 18,719
Cash at bank and in hand |  | 265,687 | 172,928
|  | 287,935 | 191,647
Prepayments and accrued income |  | 1,245 | 1,947
Creditors: Amounts falling due within one year |  | (281,215) | (281,007)
Net current assets/(liabilities) |  | 7,965 | (87,413)
Total assets less current liabilities |  | 170,351 | 118,584
Provisions for liabilities |  | (31,137) | (43,681)
Net assets |  | 139,214 | 74,903
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | 139,212 | 74,901
Shareholders' funds |  | 139,214 | 74,903

The Corrie Hotel Limited

(Registration number: SC732915)
Abridged Balance Sheet as at 31 May 2025

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option to not file the profit and loss account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 12 January 2026 and signed on its behalf by:

......................................... Mr A J Garbutt Director

The Corrie Hotel Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
The Corrie Hotel
Shore Road
Corrie
KA27 8JB
United Kingdom

These financial statements were authorised for issue by the Board on 12 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be appropriate.
Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

The Corrie Hotel Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture and Fixtures | 25% straight line method
Refurbishment | 15% straight line method
Bar & Kitchen Equipment | 15% straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

The Corrie Hotel Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

The Corrie Hotel Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2024 - 19).

The Corrie Hotel Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 June 2024 | 45,001 | 188,152 | 18,394 | 251,547
Additions | 5,520 | 9,124 | 1,590 | 16,234
Disposals | - | - | (341) | (341)
At 31 May 2025 | 50,521 | 197,276 | 19,643 | 267,440
Depreciation
At 1 June 2024 | 5,383 | 37,239 | 2,928 | 45,550
Charge for the year | 7,302 | 49,686 | 2,520 | 59,508
Eliminated on disposal | - | - | (4) | (4)
At 31 May 2025 | 12,685 | 86,925 | 5,444 | 105,054
Carrying amount
At 31 May 2025 | 37,836 | 110,351 | 14,199 | 162,386
At 31 May 2024 | 39,618 | 150,913 | 15,466 | 205,997

Included within the net book value of land and buildings above is £37,836 (2024 - £39,619) in respect of short leasehold land and buildings.

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 22,248 | 18,719