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REGISTERED NUMBER: SC557687 (Scotland)














Unaudited Financial Statements

for the Year Ended 28 February 2023

for

The Lorne Dunoon Ltd

The Lorne Dunoon Ltd (Registered number: SC557687)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Lorne Dunoon Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: J English
Ms J C English
J English
Ms L English





REGISTERED OFFICE: 249 Argyll Street
Dunoon
PA23 7QT





REGISTERED NUMBER: SC557687 (Scotland)





ACCOUNTANTS: Henderson & Company
73 Union Street
Greenock
Renfrewshire
PA16 8BG

The Lorne Dunoon Ltd (Registered number: SC557687)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,293 143,457

CURRENT ASSETS
Stocks 12,137 5,070
Debtors 5 9,910 7,000
Cash at bank - 73,505
22,047 85,575
CREDITORS
Amounts falling due within one year 6 90,730 88,114
NET CURRENT LIABILITIES (68,683 ) (2,539 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,610

140,918

CREDITORS
Amounts falling due after more than one year 7 67,908 110,034
NET (LIABILITIES)/ASSETS (16,298 ) 30,884

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (16,299 ) 30,883
SHAREHOLDERS' FUNDS (16,298 ) 30,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

The Lorne Dunoon Ltd (Registered number: SC557687)

Balance Sheet - continued
28 February 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





J English - Director


The Lorne Dunoon Ltd (Registered number: SC557687)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

The Lorne Dunoon Ltd 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.

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.

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

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 22 ) .

The Lorne Dunoon Ltd (Registered number: SC557687)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 87,812 109,478 197,290
Disposals - (22,913 ) (22,913 )
At 28 February 2023 87,812 86,565 174,377
DEPRECIATION
At 1 March 2022 - 53,833 53,833
Charge for year - 5,979 5,979
Charge written back - (5,728 ) (5,728 )
At 28 February 2023 - 54,084 54,084
NET BOOK VALUE
At 28 February 2023 87,812 32,481 120,293
At 28 February 2022 87,812 55,645 143,457

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9,910 7,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,831 12,198
Hire purchase contracts and finance leases 424 4,548
Trade creditors - 1
Taxation and social security 22,669 13,657
Other creditors 61,806 57,710
90,730 88,114

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 11,603 40,368
Hire purchase contracts and finance leases - 16,271
Other creditors 56,305 53,395
67,908 110,034