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REGISTERED NUMBER: SC220016 (Scotland)















Unaudited Financial Statements for the Year Ended 29 June 2023

for

Capital Inns Limited

Capital Inns Limited (Registered number: SC220016)






Contents of the Financial Statements
for the Year Ended 29 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Capital Inns Limited

Company Information
for the Year Ended 29 June 2023







DIRECTOR: J W Watson





REGISTERED OFFICE: 13-15 Morningisde Drive
Edinburgh
EH10 5LX





REGISTERED NUMBER: SC220016 (Scotland)





ACCOUNTANTS: J S Accounting Services Limited
13-15 Morningside Drive
EDINBURGH
EH10 5LZ

Capital Inns Limited (Registered number: SC220016)

Balance Sheet
29 June 2023

29.6.23 29.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 217,670 219,383

CURRENT ASSETS
Debtors 5 4 4
Cash at bank 23 23
27 27
CREDITORS
Amounts falling due within one year 6 113,624 101,569
NET CURRENT LIABILITIES (113,597 ) (101,542 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,073

117,841

CREDITORS
Amounts falling due after more than one
year

7

296,890

296,890
NET LIABILITIES (192,817 ) (179,049 )

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings (342,817 ) (329,049 )
SHAREHOLDERS' FUNDS (192,817 ) (179,049 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Capital Inns Limited (Registered number: SC220016)

Balance Sheet - continued
29 June 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 director and authorised for issue on 8 March 2024 and were signed by:





J W Watson - Director


Capital Inns Limited (Registered number: SC220016)

Notes to the Financial Statements
for the Year Ended 29 June 2023

1. STATUTORY INFORMATION

Capital Inns 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Capital Inns Limited (Registered number: SC220016)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 30 June 2022
and 29 June 2023 214,125 305,049 519,174
DEPRECIATION
At 30 June 2022 - 299,791 299,791
Charge for year - 1,713 1,713
At 29 June 2023 - 301,504 301,504
NET BOOK VALUE
At 29 June 2023 214,125 3,545 217,670
At 29 June 2022 214,125 5,258 219,383

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.23 29.6.22
£    £   
Other debtors 4 4

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.23 29.6.22
£    £   
Other creditors 113,624 101,569

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.6.23 29.6.22
£    £   
Other creditors 296,890 296,890

8. RELATED PARTY DISCLOSURES

At 29 June 2023 balances totalling £46,759 (2022: £35,314) were due on loans provided by the company's director. Repayment of these loans will only be made provided that such repayment does not prejudice the claims of other creditors.