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REGISTERED NUMBER: SC291578 (Scotland)




















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: Mrs A M McDonald



SECRETARY: Mr W McDonald



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



REGISTERED NUMBER: SC291578 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: The Royal Bank of Scotland
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 - 4,104
- 4,104

CURRENT ASSETS
Stocks - 195
Debtors 6 496 13,103
496 13,298
CREDITORS
Amounts falling due within one year 7 62,679 48,022
NET CURRENT LIABILITIES (62,183 ) (34,724 )
TOTAL ASSETS LESS CURRENT LIABILITIES (62,183 ) (30,620 )

CREDITORS
Amounts falling due after more than one
year

8

-

25,611
NET LIABILITIES (62,183 ) (56,231 )

Abercorn Guest House Limited (Registered number: SC291578)

Balance Sheet - continued
14 July 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (62,283 ) (56,331 )
SHAREHOLDERS' FUNDS (62,183 ) (56,231 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 14 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 14 July 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 18 January 2024 and were signed by:





Mrs A M McDonald - Director


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 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 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
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 cost and 15% on cost

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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022 30,000
Disposals (30,000 )
At 14 July 2023 -
AMORTISATION
At 1 November 2022 30,000
Eliminated on disposal (30,000 )
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 64,809
Disposals (64,809 )
At 14 July 2023 -
DEPRECIATION
At 1 November 2022 60,705
Eliminated on disposal (60,705 )
At 14 July 2023 -
NET BOOK VALUE
At 14 July 2023 -
At 31 October 2022 4,104

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 496 13,103

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 29,121
Amounts owed to participating interests 12,855 12,204
Taxation and social security 42 325
Other creditors 49,782 6,372
62,679 48,022

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 - 25,611

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
£    £   
Mrs A M McDonald
Balance outstanding at start of period 12,607 1,525
Amounts advanced 23,810 35,907
Amounts repaid (80,785 ) (24,825 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (44,368 ) 12,607

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.






Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT


18 January 2024