Company Registration No. SC471336 (Scotland)
The Porty Pub Co Limited
Unaudited accounts
for the year ended 31 March 2023
The Porty Pub Co Limited
Unaudited accounts
Contents
The Porty Pub Co Limited
Company Information
for the year ended 31 March 2023
Directors
Janice Arnott
Ian Smith
Company Number
SC471336 (Scotland)
Registered Office
4 HOPE STREET
EDINBURGH
EH2 4DB
Accountants
Oak Team Associates Limited
272 Bath Street
Glasgow
G2 4JR
The Porty Pub Co Limited
Statement of financial position
as at 31 March 2023
Tangible assets
631,050
631,050
Cash at bank and in hand
413,279
226,041
Creditors: amounts falling due within one year
(388,407)
(373,355)
Net current assets/(liabilities)
24,872
(134,147)
Net assets
655,922
496,903
Called up share capital
2
2
Profit and loss account
655,920
496,901
Shareholders' funds
655,922
496,903
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by
Janice Arnott
Director
Company Registration No. SC471336
The Porty Pub Co Limited
Notes to the Accounts
for the year ended 31 March 2023
The Porty Pub Co Limited is a private company, limited by shares, registered in Scotland, registration number SC471336. The registered office is 4 HOPE STREET, EDINBURGH, EH2 4DB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on a straight line basis
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2022
631,050
8,450
639,500
Disposals
-
(8,450)
(8,450)
At 31 March 2023
631,050
-
631,050
At 1 April 2022
-
8,450
8,450
On disposals
-
(8,450)
(8,450)
At 31 March 2023
631,050
-
631,050
At 31 March 2022
631,050
-
631,050
The Porty Pub Co Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Accrued income and prepayments
-
13,167
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
37,212
29,078
Other creditors
22,500
22,500
Loans from directors
269,861
269,861
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan due to director
10,000
-
-
10,000
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).