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REGISTERED NUMBER: SC353728 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Neighbourhood Glasgow Limited

Neighbourhood Glasgow Limited (Registered number: SC353728)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Neighbourhood Glasgow Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Mrs Giovanna Elisabeth McDonald
Mr Philip McDonald





SECRETARY: Mrs Giovanna Elisabeth McDonald





REGISTERED OFFICE: 25 Sandyford Place
Sauchiehall Street
Glasgow
G3 7NG





REGISTERED NUMBER: SC353728 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Neighbourhood Glasgow Limited (Registered number: SC353728)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,619 38,656

CURRENT ASSETS
Stock 3,400 2,000
Debtors 5 70,828 70,811
Cash at bank and in hand 42,248 31,998
116,476 104,809
CREDITORS
Amounts falling due within one year 6 96,483 60,792
NET CURRENT ASSETS 19,993 44,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,612

82,673

CREDITORS
Amounts falling due after more than one
year

7

(31,458

)

(50,000

)

PROVISIONS FOR LIABILITIES 8 (5,959 ) (6,822 )
NET ASSETS 16,195 25,851

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 16,095 25,751
SHAREHOLDERS' FUNDS 16,195 25,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

Neighbourhood Glasgow Limited (Registered number: SC353728)

Balance Sheet - continued
31 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by:





Mrs Giovanna Elisabeth McDonald - Director


Neighbourhood Glasgow Limited (Registered number: SC353728)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Neighbourhood Glasgow Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of a public house and restaurant.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 10% on cost
Fittings and equipment - 15% on reducing balance

Stocks
Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Neighbourhood Glasgow Limited (Registered number: SC353728)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued
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.

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fittings
Leasehold and
improvements equipment Totals
£    £    £   
COST
At 1 April 2021 20,211 114,422 134,633
Additions - 900 900
At 31 March 2022 20,211 115,322 135,533
DEPRECIATION
At 1 April 2021 20,211 75,766 95,977
Charge for year - 5,937 5,937
At 31 March 2022 20,211 81,703 101,914
NET BOOK VALUE
At 31 March 2022 - 33,619 33,619
At 31 March 2021 - 38,656 38,656

Neighbourhood Glasgow Limited (Registered number: SC353728)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 70,828 70,811

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,648 -
Trade creditors 24,139 7,826
Taxation and social security 16,433 15,316
Other creditors 45,263 37,650
96,483 60,792

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 31,458 50,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years - 50,000

8. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 5,959 6,822

Deferred
tax
£   
Balance at 1 April 2021 6,822
Provided during year (863 )
Balance at 31 March 2022 5,959

Neighbourhood Glasgow Limited (Registered number: SC353728)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors.