REGISTERED NUMBER: SC292029 (Scotland)

North Hotels Limited

Financial Statements For The Year Ended 30 November 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E S Egan

Mrs P M Egan

J Buchanan

Miss B Egan

SECRETARY:

Miss B Egan

REGISTERED OFFICE:

1 Sir John's Square

Thurso

Caithness

KW14 7AN

REGISTERED NUMBER:

SC292029 (Scotland)

ACCOUNTANTS:

The Long Partnership

Chartered Accountants

Chartered Tax Advisers

1 Sir John's Square

Thurso

Caithness

KW14 7AN

FIXED ASSETS

Intangible assets

4

-

3,000

Tangible assets

5

513,163

533,821

513,163

536,821

CURRENT ASSETS

Stocks

10,137

9,453

Debtors

6

9,768

14,005

Cash at bank and in hand

828,503

679,750

848,408

703,208

CREDITORS

Amounts falling due within one year

7

139,043

131,240

NET CURRENT ASSETS

709,365

571,968

TOTAL ASSETS LESS CURRENT LIABILITIES

1,222,528

1,108,789

PROVISIONS FOR LIABILITIES

8

28,513

29,907

NET ASSETS

1,194,015

1,078,882

CAPITAL AND RESERVES

Called up share capital

9

4

4

Retained earnings

10

1,194,011

1,078,878

SHAREHOLDERS' FUNDS

1,194,015

1,078,882

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 13 August 2026 and were signed on its behalf by:

J Buchanan - Director

1.	STATUTORY INFORMATION

North Hotels 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 represents income receivable from the provision of hotel services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on cost, 10% on reducing balance and 2% on cost

Equipment

-

10% 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.

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 33 (2024 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

60,000

AMORTISATION

At 1 December 2024

57,000

Amortisation for year

3,000

At 30 November 2025

60,000

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

3,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Short

and

Computer

property

leasehold

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

635,430

29,677

374,673

11,476

1,051,256

Additions

-

-

4,861

-

4,861

At 30 November 2025

635,430

29,677

379,534

11,476

1,056,117

DEPRECIATION

At 1 December 2024

227,831

29,677

254,465

5,462

517,435

Charge for year

12,709

-

12,208

602

25,519

At 30 November 2025

240,540

29,677

266,673

6,064

542,954

NET BOOK VALUE

At 30 November 2025

394,890

-

112,861

5,412

513,163

At 30 November 2024

407,599

-

120,208

6,014

533,821

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

7,493

10,712

Sundry Debtors

750

750

Prepayments

1,525

2,543

9,768

14,005

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Credit card

6,054

583

Trade creditors

12,447

17,685

Tax

58,555

48,068

Social security and other taxes

6,281

4,717

VAT

51,062

52,555

Accrued expenses

4,644

7,632

139,043

131,240

8.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

£

Deferred tax

28,513

29,907

Deferred

tax

£

Balance at 1 December 2024

29,907

Credit to Income Statement during year

(1,394

)

Balance at 30 November 2025

28,513

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

4

Ordinary

1

4

4

10.

RESERVES

Retained

earnings

£

At 1 December 2024

1,078,878

Profit for the year

155,133

Dividends

(40,000

)

At 30 November 2025

1,194,011

11.	RELATED PARTY DISCLOSURES

During the year the company paid rentals of £55,000 (2024 - £55,000) to Mr E and Mrs P Egan under the terms of a lease for the use of the Station Hotel by the company.

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors who hold 100% of the issued share capital equally between them.