Company Registration No. SC632068 (Scotland)
KRN Pub Enterprises Limited
Unaudited accounts
for the year ended 31 May 2024
KRN Pub Enterprises Limited
Unaudited accounts
Contents
KRN Pub Enterprises Limited
Company Information
for the year ended 31 May 2024
Company Number
SC632068 (Scotland)
Registered Office
193-195 KINGSKNOWE ROAD NORTH
EDINBURGH
EH14 2ED
SCOTLAND
Accountants
Oak Team Associates Limited
272 Bath Street
Glasgow
G2 4JR
KRN Pub Enterprises Limited
Statement of financial position
as at 31 May 2024
Tangible assets
29,890
20,715
Cash at bank and in hand
42,201
53,555
Creditors: amounts falling due within one year
(60,586)
(29,944)
Net current (liabilities)/assets
(6,124)
37,965
Total assets less current liabilities
23,766
58,680
Creditors: amounts falling due after more than one year
(27,083)
(30,000)
Net (liabilities)/assets
(3,317)
28,680
Called up share capital
1
1
Profit and loss account
(3,318)
28,679
Shareholders' funds
(3,317)
28,680
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 August 2024 and were signed on its behalf by
Melanie Cranston
Director
Company Registration No. SC632068
KRN Pub Enterprises Limited
Notes to the Accounts
for the year ended 31 May 2024
KRN Pub Enterprises Limited is a private company, limited by shares, registered in Scotland, registration number SC632068. The registered office is 193-195 KINGSKNOWE ROAD NORTH, EDINBURGH, EH14 2ED, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on a straight line basis
4
Tangible fixed assets
Fixtures & fittings
Charge for the year
13,355
Amounts falling due within one year
KRN Pub Enterprises Limited
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,000
5,000
Trade creditors
31,093
8,524
Taxes and social security
6,172
4,031
7
Creditors: amounts falling due after more than one year
2024
2023
During the year the company advanced the sum of £31,000 to the sole director, Miss Melanie Cranston. This loan was repaid in full on 11 February 2021
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).