Station Hotel (Ellon) Ltd. - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: SC236665 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2017

for

Station Hotel (Ellon) Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P E Keith

Mrs D Keith

S E Keith

SECRETARY:

Mrs D Keith

REGISTERED OFFICE:

Station Hotel

Station Brae

Ellon

Aberdeenshire

AB41 9BD

REGISTERED NUMBER:

SC236665 (Scotland)

ACCOUNTANTS:

SBP

Accountants

49 Carden Place

Aberdeen

AB10 1UN

FIXED ASSETS

Tangible assets

4

467,089

488,275

CURRENT ASSETS

Stocks

13,749

16,280

Debtors

5

5,442

5,636

Cash at bank and in hand

35,376

39,618

54,567

61,534

CREDITORS

Amounts falling due within one year

6

146,762

147,613

NET CURRENT LIABILITIES

(92,195

)

(86,079

)

TOTAL ASSETS LESS CURRENT LIABILITIES

374,894

402,196

PROVISIONS FOR LIABILITIES

9,852

-

NET ASSETS

365,042

402,196

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

365,039

402,193

SHAREHOLDERS' FUNDS

365,042

402,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 21 June 2018 and were signed on its behalf by:

P E Keith - Director

Mrs D Keith - Director

1.	STATUTORY INFORMATION

Station Hotel (Ellon) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable for goods and services provided in the normal course of business, net of

discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the

company and when its value can be measured with a sufficient degree of certainty and reliability. All income is

recognised in the accounting period to which it relates.

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

-

2% on cost

Furnishings & equipment

-

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 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 19 .

4.	TANGIBLE FIXED ASSETS

Freehold

Furnishings

Motor

property

& equipment

vehicles

Totals

£

£

£

£

COST

At 1 October 2016

597,679

185,632

17,285

800,596

Additions

-

1,083

-

1,083

At 30 September 2017

597,679

186,715

17,285

801,679

DEPRECIATION

At 1 October 2016

172,230

130,098

9,993

312,321

Charge for year

11,954

8,492

1,823

22,269

At 30 September 2017

184,184

138,590

11,816

334,590

NET BOOK VALUE

At 30 September 2017

413,495

48,125

5,469

467,089

At 30 September 2016

425,449

55,534

7,292

488,275

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

2,869

1,515

Other debtors

2,573

4,121

5,442

5,636

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade creditors

18,049

24,611

Taxation and social security

25,339

28,074

Other creditors

103,374

94,928

146,762

147,613

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £47,180 (2016 - £80,238) were paid to the directors .

Other Creditors includes balances owing to the two company Directors, Mr PE Keith & Mrs D Keith, totalling

£98,030 (£89,070 - 2016). There are no specific terms of repayment and no interest is accrued.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors Mr PE Keith and Mrs D Keith.