Forrest Hotels Limited in Glasgow, G41 1HJ

Description

Data updated on: 01-11-2023

This business is widely known under the name of Forrest Hotels Limited. It was established 18 years ago and was registered under SC312804 as its reg. no. This particular headquarters of the company is based in Glasgow. You can reach them at 7 Seaward Street, Paisley Road. It has been on the market under three previous names. Its very first registered name, St. Vincent Street (450), was changed on 2007-03-15 to Forrest Glasgow. The current name, in use since 2015, is Forrest Hotels Limited. This business's registered with SIC code 68100 - Buying and selling of own real estate. Forrest Hotels Ltd released its account information for the financial year up to 2022-12-31. The firm's latest confirmation statement was released on 2022-11-30.

The directors currently chosen by this firm include: David S. assigned to lead the company in 2019, Marc K. assigned to lead the company seven years ago, Keith V. assigned to lead the company on 2015-03-03 and 2 other members of the Management Board who might be found within the Company Staff section of our website.

Previous company's names
Forrest Hotels Limited 2015-03-04
Forrest Glasgow Limited 2007-03-15
St. Vincent Street (450) Limited 2006-11-30

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	1 044 674	536 493	321 281	914 549	1 124 620
Current Assets	1 393 830	1 034 996	959 221	1 427 603	1 640 354
Debtors	309 594	438 723	593 535	448 236	452 522
Net Assets Liabilities	459 620	1 460 371	1 381 545	2 156 782	3 165 597
Property Plant Equipment	28 497 694	27 923 343	27 103 956	26 438 596	25 880 233
Total Inventories	39 562	59 780	44 405	64 818	63 212

Other Financial Data
Audit Fees Expenses	9 000	13 000	15 450	15 600	15 500
Accrued Liabilities	452 568	533 336	510 656	889 345	544 726
Accumulated Depreciation Impairment Property Plant Equipment	691 154	1 660 405	2 510 601	3 270 839	3 973 648
Additional Provisions Increase From New Provisions Recognised		274 971
Administrative Expenses	3 810 678	4 567 223	3 494 528	4 072 997	5 359 558
Amounts Owed To Associates Joint Ventures Participating Interests				23 554 905	21 602 366
Amounts Owed To Related Parties	28 300 000	26 150 000	25 500 000
Applicable Tax Rate		19	19	19	19
Average Number Employees During Period	106	88	78	96	128
Capital Commitments	371 033
Corporation Tax Payable					192 692
Cost Sales	1 217 128	1 849 308	732 549	1 289 984	2 112 766
Creditors	29 431 904	27 222 997	26 220 476	25 004 132	23 203 872
Current Tax For Period					192 692
Deferred Tax Liabilities		-268 587	-263 296	-97 407	1 151 118
Depreciation Expense Property Plant Equipment	706 291	969 251	850 196	766 686	702 809
Disposals Decrease In Depreciation Impairment Property Plant Equipment				6 448
Disposals Property Plant Equipment				35 920
Further Item Interest Expense Component Total Interest Expense		138 288	156 942	168 662	104 663
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	-4 553	-5 433	-4 731	-1 175	-11 193
Gain Loss On Disposals Property Plant Equipment				5 839
Government Grant Income			492 036	347 227	8 900
Gross Profit Loss	4 048 529	5 881 233	3 183 729	4 759 575	6 995 364
Increase Decrease In Current Tax From Adjustment For Prior Periods			109 696
Increase From Depreciation Charge For Year Property Plant Equipment		969 251	850 196	766 686	702 809
Interest Payable Similar Charges Finance Costs		138 288	156 942	168 662	104 663
Loans Owed To Related Parties				-13 550 000	-6 200 000
Merchandise	39 562	59 780	44 405	64 818	63 212
Net Current Assets Liabilities	-28 038 074	-26 188 001	-25 261 255	-23 576 529	-21 563 518
Number Shares Issued Fully Paid		1 000	1 000	1 000	1 000
Operating Profit Loss	337 851	1 414 010	264 301	1 188 028	1 752 003
Other Deferred Tax Expense Credit		274 971	76 489	244 129	445 833
Other Operating Income Format1	100 000	100 000	575 100	501 450	116 197
Other Taxation Social Security Payable	191 060	250 663	112 173	183 702	329 357
Par Value Share		1	1	1	1
Payments To Related Parties				23 850	40 077
Pension Other Post-employment Benefit Costs Other Pension Costs	16 347	35 759	31 876	45 829	59 732
Prepayments	204 582	140 516	422 689	56 967	162 603
Profit Loss	337 851	1 000 751	-78 826	775 237	1 008 815
Profit Loss On Ordinary Activities Before Tax	337 851	1 275 722	107 359	1 019 366	1 647 340
Property Plant Equipment Gross Cost	29 188 848	29 583 748	29 614 557	29 709 435	29 853 881
Provisions		274 971	461 156	705 285	1 151 118
Provisions For Liabilities Balance Sheet Subtotal		274 971	461 156	705 285	1 151 118
Rental Leasing Income		100 000	75 000	100 000	100 000
Social Security Costs	78 520	117 209	70 279	121 931	182 814
Staff Costs Employee Benefits Expense	1 349 436	1 733 856	1 499 644	1 863 147	2 483 128
Tax Expense Credit Applicable Tax Rate		242 387	20 398	193 680	312 995
Tax Increase Decrease From Effect Capital Allowances Depreciation		56 355	55 573
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		7 647	518	1 900	3 103
Tax Increase Decrease From Other Tax Effects Tax Reconciliation		-31 418
Tax Tax Credit On Profit Or Loss On Ordinary Activities		274 971	186 185	244 129	638 525
Total Additions Including From Business Combinations Property Plant Equipment		394 900	30 809	130 798	144 446
Total Assets Less Current Liabilities	459 620	1 735 342	1 842 701	2 862 067	4 316 715
Total Deferred Tax Expense Credit		274 971	186 185	244 129
Total Operating Lease Payments	13 449	28 170	15 330	5 616	9 389
Trade Creditors Trade Payables	488 276	288 998	97 647	376 180	534 731
Trade Debtors Trade Receivables	105 012	298 207	170 846	391 269	289 919
Turnover Revenue	5 265 657	7 730 541	3 916 278	6 049 559	9 108 130
Wages Salaries	1 254 569	1 580 888	1 397 489	1 695 387	2 240 582

Company staff

David S.

Role: Director

Appointed: 19 September 2019

Latest update: 8 April 2024

Marc K.

Role: Director

Appointed: 03 March 2017

Latest update: 8 April 2024

Keith V.

Role: Director

Appointed: 03 March 2015

Latest update: 8 April 2024

Donald S.

Role: Director

Appointed: 21 March 2007

Latest update: 8 April 2024

David S.

Role: Secretary

Appointed: 21 March 2007

Latest update: 8 April 2024

Christopher T.

Role: Director

Appointed: 21 March 2007

Latest update: 8 April 2024

People with significant control

Executives with significant control over the firm are: Christopher T. has substantial control or influence over the company. Donald S. has substantial control or influence over the company.

Christopher T.

Notified on 30 November 2016

Nature of control:

substantial control or influence

Donald S.

Notified on 30 November 2016

Nature of control:

substantial control or influence

Accounts Documents

Account next due date	30 September 2024
Account last made up date	31 December 2022
Confirmation statement next due date	14 December 2023
Confirmation statement last made up date	30 November 2022

Annual Accounts
Start Date For Period Covered By Report	01 January 2019
End Date For Period Covered By Report	31 December 2019
Annual Accounts
Start Date For Period Covered By Report	01 January 2020
End Date For Period Covered By Report	31 December 2020
Annual Accounts
Start Date For Period Covered By Report	01 January 2021
End Date For Period Covered By Report	31 December 2021
Annual Accounts
Start Date For Period Covered By Report	01 January 2022
End Date For Period Covered By Report	31 December 2022

Forrest Hotels Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

David S.

Marc K.

Keith V.

Donald S.

David S.

Christopher T.

Lycidas Nominees Limited

Lycidas Secretaries Limited

People with significant control

Christopher T.

Donald S.

Accounts Documents

Company filings

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