KIN HOTEL (INVERNESS) LTD

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.2 in the financial statements, which indicates that the company has net liabilities as at 31 December 2024. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

1. KIN HOTEL (INVERNESS) LTD 2018-01-09 → present
2. PATIO HOTEL (ABERDEEN) LIMITED 1991-08-14 → 2018-01-09
3. PATIO HOTEL (SUNDERLAND) LIMITED 1990-08-03 → 1991-08-14
4. PATIO HOTELS (HULL) LIMITED 1989-12-18 → 1990-08-03
5. HOPEJOB LIMITED 1989-11-09 → 1989-12-18

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

AAB Audit & Accountancy Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.2 in the financial statements, which indicates that the company has net liabilities as at 31 December 2024. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Significant events

• “Following the acquisition of 21-23 Church Street in October 2017, planning permission was obtained in June 2018 to convert this used office building into a 72 bedroom city centre hotel. The Directors had to put the development on hold during the coronavirus outbreak and are now pleased to report that the main construction contract will commence in the latter quarter of 2025 with an anticipated opening in the first three months of 2027.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  +241.1%

  £3,314 → £11,303

• Net assets

  -4.9%

  -£760,652 → -£798,011

  lowest in 3 filed years

• Employees

  0%

  3 → 3

• Operating profit

  +18.6%

  -£17,615 → -£14,345

  highest in 3 filed years

• Profit before tax

  -4.7%

  -£35,670 → -£37,359

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers