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REGISTERED NUMBER: SC239223 (Scotland)












Financial Statements for the Year Ended 31 March 2024

for

GORDON'S RESTAURANT LTD

GORDON'S RESTAURANT LTD (REGISTERED NUMBER: SC239223)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GORDON'S RESTAURANT LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: MJ Watson
GR Watson





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC239223 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

GORDON'S RESTAURANT LTD (REGISTERED NUMBER: SC239223)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 20,000
Tangible assets 5 51,229 55,756
71,229 75,756

CURRENT ASSETS
Cash at bank and in hand 56,377 58,115

CREDITORS
Amounts falling due within one year 6 66,412 95,706
NET CURRENT LIABILITIES (10,035 ) (37,591 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,194

38,165

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 61,094 38,065
SHAREHOLDERS' FUNDS 61,194 38,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:



MJ Watson - Director


GORDON'S RESTAURANT LTD (REGISTERED NUMBER: SC239223)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gordon's Restaurant 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2002, is not being amortised as the Directors believe the current value to exceed the historical cost.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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.

GORDON'S RESTAURANT LTD (REGISTERED NUMBER: SC239223)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 1 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 20,000
At 31 March 2023 20,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023
and 31 March 2024 37,652 111,199 53,025
DEPRECIATION
At 1 April 2023 - 102,780 49,409
Charge for year - 2,105 904
At 31 March 2024 - 104,885 50,313
NET BOOK VALUE
At 31 March 2024 37,652 6,314 2,712
At 31 March 2023 37,652 8,419 3,616

GORDON'S RESTAURANT LTD (REGISTERED NUMBER: SC239223)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 39,495 638 242,009
DEPRECIATION
At 1 April 2023 33,637 427 186,253
Charge for year 1,465 53 4,527
At 31 March 2024 35,102 480 190,780
NET BOOK VALUE
At 31 March 2024 4,393 158 51,229
At 31 March 2023 5,858 211 55,756

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,480 11,845
Trade creditors 5,729 1,597
Taxation and social security 9,274 11,738
Other creditors 42,929 70,526
66,412 95,706

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £2,654) were paid to the directors .

The company was under the control of of the directors, GR Watson and MJ Watson, throughout the current and previous year.

During the year the company repaid the directors net amounts totalling £27,858. As at 31 March 2024 included within other creditors is a balance outstanding due to the directors of £41,359 (2023 - £69,217). No interest has been paid on this loan.