REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 10 JULY 2020 TO 31 DECEMBER 2021 |
FOR |
GMG HOTELS LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 10 JULY 2020 TO 31 DECEMBER 2021 |
FOR |
GMG HOTELS LTD |
GMG HOTELS LTD (REGISTERED NUMBER: SC667056) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 10 July 2020 to 31 December 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
GMG HOTELS LTD |
COMPANY INFORMATION |
for the Period 10 July 2020 to 31 December 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
27 Ingram Street |
Glasgow |
G1 1HA |
GMG HOTELS LTD (REGISTERED NUMBER: SC667056) |
BALANCE SHEET |
31 December 2021 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
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 |
GMG HOTELS LTD (REGISTERED NUMBER: SC667056) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 10 July 2020 to 31 December 2021 |
1. | STATUTORY INFORMATION |
GMG Hotels Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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 period was |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and |
property | machinery | fittings | Totals |
£ | £ | £ | £ |
COST |
Additions |
At 31 December 2021 |
DEPRECIATION |
Charge for period |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
GMG HOTELS LTD (REGISTERED NUMBER: SC667056) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 10 July 2020 to 31 December 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
At 31st December 2021 £2,943 is owed to the company directors. The loans are interest free with no fixed date for repayment. |
8. | RELATED PARTY DISCLOSURES |
At 31/12/2021 £45,368 is owed to A and A Paisley Ltd and £17,200 to BEP Paisley Ltd. The loans are interest free with no fixed date for repayment. Mr G McCaw is a director and shareholder in both companies and GMG Hotels Ltd. |