Foveran Hotel Limited - Filleted accounts

Registered number

SC207645

Foveran Hotel Limited

Unaudited Financial Statements

31 January 2026

Pages for filing with registrar

Foveran Hotel Limited
Registered number:		SC207645
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		559			1,324
Tangible assets	4		818,907			820,257
			819,466			821,581

Current assets
Stocks		12,283			10,199
Debtors	5	23,723			7,145
Cash at bank and in hand		177,147			127,524
		213,153			144,868

Creditors: amounts falling due within one year	6	(152,597)			(126,393)

Net current assets			60,556			18,475

Total assets less current liabilities			880,022			840,056


Provisions for liabilities	7		(24,716)			(23,743)

Government grants	8		(25,539)			(15,654)

Net assets			829,767			800,659

Capital and reserves
Called up share capital			7			7
Share premium			150,000			150,000
Profit and loss account			679,760			650,652

Shareholders' funds			829,767			800,659

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 members have 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 financial statements.
The financial statements 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.




F M Bain
Director
Approved by the board on 27 October 2026

Foveran Hotel Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The financial statements 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). The financial statements are prepared in sterling, which is the functional currency of the company.

	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 at the time of supply. Turnover from the sale of accommodation services is recognised when the service has been provided. Deposit and gift voucher revenue is recorded as a liability (Deferred Revenue) until turnover is recognised when a sale or service has been provided.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Amortisation of website costs is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives at 20% straight line basis.

	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:

	Freehold buildings	2% straight line basis
	Plant and machinery	20% reducing balance / 5% straight line basis
	Fixtures, fittings & equipment	15% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price. Cost comprises direct materials for resale and certain items held for consumption in the course of normal trade. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit and loss. Reversals of impairment losses are also recognised in profit or loss.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

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

	Government grants
	Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.



2	Employees				2026		2025
Number						Number

	Average number of persons employed by the company				29		30



3	Intangible fixed assets						£
	Website costs:

	Cost
	At 1 February 2025						3,823
	At 31 January 2026						3,823

	Amortisation
	At 1 February 2025						2,499
	Provided during the year						765
	At 31 January 2026						3,264

	Net book value
	At 31 January 2026						559
	At 31 January 2025						1,324





4	Tangible fixed assets
			Land and buildings		Plant and machinery etc		Total
£				£		£
	Cost
	At 1 February 2025		972,108		228,649		1,200,757
	Additions		-		42,996		42,996
	Disposals		-		(1,721)		(1,721)
	At 31 January 2026		972,108		269,924		1,242,032

	Depreciation
	At 1 February 2025		205,602		174,898		380,500
	Charge for the year		33,241		11,105		44,346
	On disposals		-		(1,721)		(1,721)
	At 31 January 2026		238,843		184,282		423,125

	Net book value
	At 31 January 2026		733,265		85,642		818,907
	At 31 January 2025		766,506		53,751		820,257




5	Debtors				2026		2025
£						£

	Other debtors				23,723		7,145






6	Creditors: amounts falling due within one year				2026		2025
£						£

	Trade creditors				24,181		49,251
	Taxation and social security costs				12,354		26,970
	Other creditors				116,062		50,172
					152,597		126,393


7	Provision for liabilities				2026		2025
£						£

	Deferred tax liabilities				24,716		23,743


8	Government Grants

	The company received grants towards the acquisition of certain tangible assets. These grants are initially deferred and then released to the profit and loss acount in line with the consumption of the assets to which they relate.


9	Other information

	Foveran Hotel Limited is a private company limited by shares and incorporated in Scotland. The registered office is:
	C/O S & J D Robertson Group Limited, Dunkirk, Shore Street, Kirkwall, Orkney, KW15 1LG

	Foveran Hotel Limited is a subsidiary of S & J D Robertson Group Limited, a company registered at Dunkirk, Shore Street, Kirkwall, Orkney, KW15 1LG.