1 June 2023 false No description of principal activity Taxfiler 2024.5 SC632068business:PrivateLimitedCompanyLtd2023-06-012024-05-31 SC6320682023-05-31 SC6320682023-06-012024-05-31 SC632068business:AuditExemptWithAccountantsReport2023-06-012024-05-31 SC632068business:FilletedAccounts2023-06-012024-05-31 SC6320682024-05-31 SC632068business:Director12023-06-012024-05-31 SC632068business:RegisteredOffice2023-06-012024-05-31 SC6320682023-05-31 SC632068core:WithinOneYear2024-05-31 SC632068core:WithinOneYear2023-05-31 SC632068core:AfterOneYear2024-05-31 SC632068core:AfterOneYear2023-05-31 SC632068core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 SC632068core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 SC632068core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 SC632068core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 SC632068core:PreviouslyStatedAmount2024-05-31 SC632068core:PreviouslyStatedAmount2023-05-31 SC632068business:SmallEntities2023-06-012024-05-31 SC632068countries:Scotland2023-06-012024-05-31 SC632068core:FurnitureFittings2023-06-012024-05-31 SC632068core:FurnitureFittings2023-05-31 SC632068core:FurnitureFittings2024-05-31 SC6320682022-06-012023-05-31 iso4217:GBP xbrli:pure
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
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KRN Pub Enterprises Limited Company Information for the year ended 31 May 2024
Director
Melanie Cranston
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
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KRN Pub Enterprises Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,890 
20,715 
Current assets
Inventories
5,469 
7,500 
Debtors
6,792 
6,854 
Cash at bank and in hand
42,201 
53,555 
54,462 
67,909 
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 
Capital and reserves
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
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KRN Pub Enterprises Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 June 2023
44,248 
Additions
22,530 
At 31 May 2024
66,778 
Depreciation
At 1 June 2023
23,533 
Charge for the year
13,355 
At 31 May 2024
36,888 
Net book value
At 31 May 2024
29,890 
At 31 May 2023
20,715 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
6,792 
6,854 
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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 
VAT
18,321 
12,389 
Trade creditors
31,093 
8,524 
Taxes and social security
6,172 
4,031 
60,586 
29,944 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
27,083 
30,000 
8
Loans to directors
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).
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