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FAIRWINDS PUB GROUP LIMITED

Registered Number
SC723167
(Scotland)

Unaudited Financial Statements for the Period ended
28 February 2023

FAIRWINDS PUB GROUP LIMITED
Company Information
for the period from 15 February 2022 to 28 February 2023

Director

MURRAY, Christopher

Registered Address

Afm House (6)
Crofthead Road
Prestwick
KA9 1HW

Registered Number

SC723167 (Scotland)
FAIRWINDS PUB GROUP LIMITED
Balance Sheet as at
28 February 2023

Notes

2023

£

£

Fixed assets
Tangible assets624,244
24,244
Current assets
Stocks76,500
Debtors86,671
Cash at bank and on hand30,810
43,981
Creditors amounts falling due within one year9(92,051)
Net current assets (liabilities)(48,070)
Total assets less current liabilities(23,826)
Accruals and deferred income(4,214)
Net assets(28,040)
Capital and reserves
Called up share capital100
Profit and loss account(28,140)
Shareholders' funds(28,040)
The financial statements were approved and authorised for issue by the Director on 3 November 2023, and are signed on its behalf by:
MURRAY, Christopher
Director
Registered Company No. SC723167
FAIRWINDS PUB GROUP LIMITED
Notes to the Financial Statements
for the period ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The company's principal activity is Licensed restaurants.
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings4
Plant and machinery4
Fixtures and fittings4
Office Equipment4
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

2023
Average number of employees during the year18
6.Property, plant and equipment

Total

£
Cost or valuation
Additions26,865
At 28 February 2326,865
Depreciation and impairment
Charge for year2,621
At 28 February 232,621
Net book value
At 28 February 2324,244
At 14 February 22-
7.Stocks

2023

£
Payments on account, stocks6,500
Total6,500
8.Debtors

2023

£
Trade debtors / trade receivables6,423
Prepayments and accrued income248
Total6,671
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

£
Trade creditors / trade payables46,833
Taxation and social security6,562
Other creditors38,656
Total92,051
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.