REGISTERED NUMBER: |
Abercorn Guest House Limited |
Unaudited Cessation Financial Statements |
for the Period 1 November 2022 to 14 July 2023 |
REGISTERED NUMBER: |
Abercorn Guest House Limited |
Unaudited Cessation Financial Statements |
for the Period 1 November 2022 to 14 July 2023 |
Abercorn Guest House Limited (Registered number: SC291578) |
Contents of the Financial Statements |
for the Period 1 November 2022 to 14 July 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Report of the Accountants | 8 |
Abercorn Guest House Limited |
Company Information |
for the Period 1 November 2022 to 14 July 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
9 Ainslie Place |
Edinburgh |
Midlothian |
EH3 6AT |
BANKERS: |
12 Bridge Street |
Musselburgh |
EH21 6AH |
Abercorn Guest House Limited (Registered number: SC291578) |
Balance Sheet |
14 July 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) | ( |
) |
Abercorn Guest House Limited (Registered number: SC291578) |
Balance Sheet - continued |
14 July 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges her 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. |
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 |
Abercorn Guest House Limited (Registered number: SC291578) |
Notes to the Financial Statements |
for the Period 1 November 2022 to 14 July 2023 |
1. | STATUTORY INFORMATION |
Abercorn Guest House Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover and revenue recognition |
Turnover represents net invoiced sales of services. Revenue is recognised when the services are supplied to the customer. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, has been amortised evenly over its estimated useful life of ten years. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. All loans with related parties are all repayable on demand. |
Taxation |
Taxation for the period 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. |
Abercorn Guest House Limited (Registered number: SC291578) |
Notes to the Financial Statements - continued |
for the Period 1 November 2022 to 14 July 2023 |
2. | ACCOUNTING POLICIES - continued |
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 period 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Breakup basis |
As the company has ceased trading and the directors has expressed their intent to close the company, these financial statements have been prepared under the break up basis. No amounts have been revalued as a result. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 November 2022 |
Disposals | ( |
) |
At 14 July 2023 |
AMORTISATION |
At 1 November 2022 |
Eliminated on disposal | ( |
) |
At 14 July 2023 |
NET BOOK VALUE |
At 14 July 2023 |
At 31 October 2022 |
Abercorn Guest House Limited (Registered number: SC291578) |
Notes to the Financial Statements - continued |
for the Period 1 November 2022 to 14 July 2023 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 November 2022 |
Disposals | ( |
) |
At 14 July 2023 |
DEPRECIATION |
At 1 November 2022 |
Eliminated on disposal | ( |
) |
At 14 July 2023 |
NET BOOK VALUE |
At 14 July 2023 |
At 31 October 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Amounts owed to participating interests | 12,855 | 12,204 |
Taxation and social security |
Other creditors |
Included within other creditors is a loan from the director. The loan is unsecured, interest free and repayable on demand. |
Abercorn Guest House Limited (Registered number: SC291578) |
Notes to the Financial Statements - continued |
for the Period 1 November 2022 to 14 July 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended 14 July 2023 and the year ended 31 October 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
) |
Abercorn Guest House Limited |
Report of the Accountants to the Director of |
Abercorn Guest House Limited |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 14 July 2023 set out on page nil and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
9 Ainslie Place |
Edinburgh |
Midlothian |
EH3 6AT |