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REGISTERED NUMBER: SC126920 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Ethnique Limited

Ethnique Limited (Registered number: SC126920)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ethnique Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Dr Mohammed Rafik Gardee





SECRETARY: Mrs Rashida Gardee





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC126920 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Ethnique Limited (Registered number: SC126920)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33 39

CURRENT ASSETS
Debtors 5 10,000 10,000
Cash at bank 7 7
10,007 10,007
CREDITORS
Amounts falling due within one year 6 11,936 11,936
NET CURRENT LIABILITIES (1,929 ) (1,929 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,896

)

(1,890

)

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (1,898 ) (1,892 )
SHAREHOLDERS' FUNDS (1,896 ) (1,890 )

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Ethnique Limited (Registered number: SC126920)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 August 2024 and were signed by:





Dr Mohammed Rafik Gardee - Director


Ethnique Limited (Registered number: SC126920)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Ethnique 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fittings and equipment - 15% on reducing balance
Computer equipment - 20% on cost

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Ethnique Limited (Registered number: SC126920)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 229 1,042 1,271
DEPRECIATION
At 1 September 2022 190 1,042 1,232
Charge for year 6 - 6
At 31 August 2023 196 1,042 1,238
NET BOOK VALUE
At 31 August 2023 33 - 33
At 31 August 2022 39 - 39

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 10,000 10,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 11,936 11,936

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr Mohammed Rafik Gardee.