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REGISTERED NUMBER: SC727829 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

G&A Inns Ltd

G&A Inns Ltd (Registered number: SC727829)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


G&A Inns Ltd (Registered number: SC727829)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 411,015 427,536

CURRENT ASSETS
Stocks 9,179 10,705
Debtors 5 83,928 67,407
Cash at bank 16,210 20,000
109,317 98,112
CREDITORS
Amounts falling due within one year 6 (133,405 ) (123,320 )
NET CURRENT LIABILITIES (24,088 ) (25,208 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

386,927

402,328

CREDITORS
Amounts falling due after more than one
year

7

(406,868

)

(420,313

)
NET LIABILITIES (19,941 ) (17,985 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (19,943 ) (17,987 )
(19,941 ) (17,985 )

G&A Inns Ltd (Registered number: SC727829)

Balance Sheet - continued
30 November 2023


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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





Mr G McIntosh - Director


G&A Inns Ltd (Registered number: SC727829)

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

1. STATUTORY INFORMATION

G&A Inns Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC727829. The registered office is Unit 5, Gateway Business Park, Beancross Road, Grangemouth, Stirlingshire, FK3 8WX.

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 represents net invoiced sales of goods in respect of publican activities, excluding value added tax. Sales are recognised at the point at which the goods are delivered.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

No depreciation is provided on freehold property as the property is maintained in a good state and is increasing in value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all 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.

G&A Inns Ltd (Registered number: SC727829)

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

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 361,451 81,974 443,425
DEPRECIATION
At 1 December 2022 - 15,889 15,889
Charge for year - 16,521 16,521
At 30 November 2023 - 32,410 32,410
NET BOOK VALUE
At 30 November 2023 361,451 49,564 411,015
At 30 November 2022 361,451 66,085 427,536

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed by group undertakings 68,005 50,596
Other debtors 15,923 16,811
83,928 67,407

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 38,651 65,593
Trade creditors 60,249 32,342
Taxation and social security 27,971 22,295
Other creditors 6,534 3,090
133,405 123,320

G&A Inns Ltd (Registered number: SC727829)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 406,868 420,313

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 252,263 164,878

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 445,519 484,172

There is a floating charge in favour of Bank of Scotland Plc over the assets of the company in respect of the bank loan.

9. RELATED PARTY DISCLOSURES

At the year-end, amounts due from related parties were £68,005 (2022: £50,596)