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REGISTERED NUMBER: SC646282 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Thistle Rooms (Edinburgh) Ltd

Thistle Rooms (Edinburgh) Ltd (Registered number: SC646282)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Thistle Rooms (Edinburgh) Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Ms R Akbar





REGISTERED OFFICE: 10 East Hermitage Place
Leith
Edinburgh
EH6 8AA





REGISTERED NUMBER: SC646282 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Thistle Rooms (Edinburgh) Ltd (Registered number: SC646282)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,725 33,805

CURRENT ASSETS
Debtors 5 495,211 537,803
Cash at bank 13,468 22,831
508,679 560,634
CREDITORS
Amounts falling due within one year 6 216,349 188,875
NET CURRENT ASSETS 292,330 371,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,055

405,564

PROVISIONS FOR LIABILITIES 5,182 8,451
NET ASSETS 307,873 397,113

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 307,872 397,112
307,873 397,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 29 August 2024 and were signed by:





Ms R Akbar - Director


Thistle Rooms (Edinburgh) Ltd (Registered number: SC646282)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Thistle Rooms (Edinburgh) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipments - 33% on cost

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties. Debt instruments, including loans and other accounts receivable and payable are initially measured at transaction price adjusted for transaction costs. They are subsequently recognised at amortised costs using the effective interest method.

Creditors payable within one year, typically trade payables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid. Debtors receivable within one year, typically trade receivables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be received.

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

Thistle Rooms (Edinburgh) Ltd (Registered number: SC646282)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 3,769 63,616 67,385
Additions - 265 265
At 30 November 2023 3,769 63,881 67,650
DEPRECIATION
At 1 December 2022 - 33,580 33,580
Charge for year - 13,345 13,345
At 30 November 2023 - 46,925 46,925
NET BOOK VALUE
At 30 November 2023 3,769 16,956 20,725
At 30 November 2022 3,769 30,036 33,805

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 28,528 49,552
Other debtors 58,589 63,589
Directors' current accounts 404,097 415,658
Prepayments and accrued income 3,997 9,004
495,211 537,803

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 18,593 8,061
Tax 143,095 148,094
Social security and other taxes 629 2,096
VAT 51,270 26,139
Accrued expenses 2,762 4,485
216,349 188,875

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Ms R Akbar
Balance outstanding at start of year 415,658 205,270
Amounts advanced 370,652 287,175
Amounts repaid (382,213 ) (76,787 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 404,097 415,658

Thistle Rooms (Edinburgh) Ltd (Registered number: SC646282)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The Directors loans are unsecured and there are no fixed repayment terms. Interest was charged to the Director on loans in excess of £10,000 at HMRC's ORI.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £236,500 were paid to the director .