The Harbourmasters Cafe Limited SC688083 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the running of an unlicensed cafe. Digita Accounts Production Advanced 6.30.9574.0 true false SC688083 2022-04-01 2023-03-31 SC688083 2023-03-31 SC688083 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-03-31 SC688083 core:CurrentFinancialInstruments 2023-03-31 SC688083 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 SC688083 core:FurnitureFittingsToolsEquipment 2023-03-31 SC688083 bus:SmallEntities 2022-04-01 2023-03-31 SC688083 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC688083 bus:FullAccounts 2022-04-01 2023-03-31 SC688083 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 SC688083 bus:RegisteredOffice 2022-04-01 2023-03-31 SC688083 bus:Director1 2022-04-01 2023-03-31 SC688083 bus:Director2 2022-04-01 2023-03-31 SC688083 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-04-01 2023-03-31 SC688083 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC688083 bus:Agent1 2022-04-01 2023-03-31 SC688083 core:FurnitureFittings 2022-04-01 2023-03-31 SC688083 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 SC688083 core:OfficeEquipment 2022-04-01 2023-03-31 SC688083 countries:Scotland 2022-04-01 2023-03-31 SC688083 2022-03-31 SC688083 core:FurnitureFittingsToolsEquipment 2022-03-31 SC688083 2021-02-04 2022-03-31 SC688083 2022-03-31 SC688083 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-03-31 SC688083 core:CurrentFinancialInstruments 2022-03-31 SC688083 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 SC688083 core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC688083

The Harbourmasters Cafe Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

The Harbourmasters Cafe Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

The Harbourmasters Cafe Limited

Company Information

Directors

Ms E Armitage

Mr C J Armitage

Registered office

31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

Accountants

Brown, Scott & Main
31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Harbourmasters Cafe Limited
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Harbourmasters Cafe Limited for the year ended 31 March 2023 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance

This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial information of The Harbourmasters Cafe Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company for our work or for this report.

It is your duty to ensure that The Harbourmasters Cafe Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The Harbourmasters Cafe Limited. You consider that The Harbourmasters Cafe Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Harbourmasters Cafe Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Brown, Scott & Main
31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

27 October 2023

 

The Harbourmasters Cafe Limited

(Registration number: SC688083)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

-

3,954

Current assets

 

Debtors

6

9,991

-

Cash at bank and in hand

 

7,768

25,425

 

17,759

25,425

Creditors: Amounts falling due within one year

7

(17,600)

(17,009)

Net current assets

 

159

8,416

Total assets less current liabilities

 

159

12,370

Provisions for liabilities

-

(751)

Net assets

 

159

11,619

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

59

11,519

Shareholders' funds

 

159

11,619

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 October 2023 and signed on its behalf by:
 

.........................................
Ms E Armitage
Director

 

The Harbourmasters Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

These financial statements were authorised for issue by the Board on 26 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention amended to reflect the realisable values of assets following cessation of trade..

The presentation currency is sterling.

Going concern

The financial statements have been prepared to reflect the fact the company has ceased trading.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown exclusive of value added tax.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

The Harbourmasters Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost less residual value of assets, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Fixtures and fittings

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Defined contribution pension obligation

The company operates a defined contribution pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2022 - 10).

 

4

Taxation

2023

2022

£

£

Corporation tax

(1,606)

1,606

Deferred tax

(751)

751

(2,357)

2,357

 

The Harbourmasters Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost

At 1 April 2022

4,936

4,936

Disposals

(4,936)

(4,936)

At 31 March 2023

-

-

Depreciation

At 1 April 2022

931

931

Eliminated on disposal

(931)

(931)

At 31 March 2023

-

-

Carrying amount

At 31 March 2023

-

-

At 31 March 2022

3,954

3,954

6

Debtors

Current

2023
£

2022
£

Other debtors

9,991

-

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

8,731

11,096

Accruals and deferred income

4,990

2,400

Other creditors

3,879

3,513

17,600

17,009

Included in other creditors are loans of £2,897 (2022 - £2,907) from the directors. These loans are interest free and have no fixed repayment terms.

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100