Company Registration No. SC324544 (Scotland)
SB HOTELS GLASGOW LIMITED
Unaudited accounts
for the year ended 31 October 2023
SB HOTELS GLASGOW LIMITED
Unaudited accounts
Contents
SB HOTELS GLASGOW LIMITED
Company Information
for the year ended 31 October 2023
Company Number
SC324544 (Scotland)
Registered Office
Suite 2/3
48 West George Street
Glasgow
G2 1BP
United Kingdom
Accountants
BCi Accountants
Suite 2/3 - 48
West George Street
Glasgow
Scotland
G2 1BP
SB HOTELS GLASGOW LIMITED
Accountants' report
Accountants' report to the director of SB HOTELS GLASGOW LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
SB HOTELS GLASGOW LIMITED for the year ended
31 October 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SB HOTELS GLASGOW LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SB HOTELS GLASGOW LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SB HOTELS GLASGOW LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SB HOTELS GLASGOW LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SB HOTELS GLASGOW LIMITED. You consider that SB HOTELS GLASGOW LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SB HOTELS GLASGOW LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
BCi Accountants
Suite 2/3 - 48
West George Street
Glasgow
Scotland
G2 1BP
31 August 2024
SB HOTELS GLASGOW LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
1,000,000
1,000,000
Cash at bank and in hand
443
400
Creditors: amounts falling due within one year
(840)
(840)
Net current liabilities
(397)
(440)
Net assets
999,603
999,560
Called up share capital
100
100
Revaluation reserve
998,718
998,718
Profit and loss account
785
742
Shareholders' funds
999,603
999,560
For the year ending 31 October 2023 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 his 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 15 November 2023 and were signed on its behalf by
Nazim Bashir
Director
Company Registration No. SC324544
SB HOTELS GLASGOW LIMITED
Notes to the Accounts
for the year ended 31 October 2023
SB HOTELS GLASGOW LIMITED is a private company, limited by shares, registered in Scotland, registration number SC324544. The registered office is Suite 2/3, 48 West George Street, Glasgow, G2 1BP, United Kingdom.
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:
Plant & machinery
10 Percent Per Annum
Motor vehicles
10 Percent Per Annum
Fixtures & fittings
10 Percent Per Annum
Computer equipment
10 Percent Per Annum
Other tangible fixed assets
10 Percent Per Annum
4
Tangible fixed assets
Land & buildings
At 1 November 2022
1,000,000
At 31 October 2023
1,000,000
At 31 October 2023
1,000,000
At 31 October 2022
1,000,000
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
840
840
SB HOTELS GLASGOW LIMITED
Notes to the Accounts
for the year ended 31 October 2023
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).