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REGISTERED NUMBER: SC248709 (Scotland)















Unaudited Financial Statements

for the Period 1 August 2022 to 31 January 2024

for

The Grain Store Restaurant Limited

The Grain Store Restaurant Limited (Registered number: SC248709)






Contents of the Financial Statements
for the Period 1 August 2022 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Grain Store Restaurant Limited

Company Information
for the Period 1 August 2022 to 31 January 2024







DIRECTOR: C L Coxon





REGISTERED OFFICE: Cowan & Partners
60 Constitution Street
Leith
Edinburgh
Lothian
EH6 6RR





REGISTERED NUMBER: SC248709 (Scotland)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

The Grain Store Restaurant Limited (Registered number: SC248709)

Balance Sheet
31 January 2024

31.1.24 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,800
Tangible assets 5 - 15,725
- 19,525

CURRENT ASSETS
Stocks - 4,250
Debtors 6 70 9,074
Cash at bank and in hand 272,888 322,695
272,958 336,019
CREDITORS
Amounts falling due within one year 7 22,888 53,946
NET CURRENT ASSETS 250,070 282,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,070

301,598

PROVISIONS FOR LIABILITIES - 1,312
NET ASSETS 250,070 300,286

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 249,970 300,186
SHAREHOLDERS' FUNDS 250,070 300,286

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Grain Store Restaurant Limited (Registered number: SC248709)

Balance Sheet - continued
31 January 2024


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 20 August 2024 and were signed by:





C L Coxon - Director


The Grain Store Restaurant Limited (Registered number: SC248709)

Notes to the Financial Statements
for the Period 1 August 2022 to 31 January 2024

1. STATUTORY INFORMATION

The Grain Store Restaurant Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The trade ceased during the year, however the accounts have been prepared on the going concern basis as the company will continue as an investment company.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax. The company's policy is to recognise a sale when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 4% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the period 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.


The Grain Store Restaurant Limited (Registered number: SC248709)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 January 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022 30,000
Disposals (30,000 )
At 31 January 2024 -
AMORTISATION
At 1 August 2022 26,200
Eliminated on disposal (26,200 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 July 2022 3,800

The Grain Store Restaurant Limited (Registered number: SC248709)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 January 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 37,781 18,922 24,914 3,586 85,203
Disposals (37,781 ) (18,922 ) (24,914 ) (3,586 ) (85,203 )
At 31 January 2024 - - - - -
DEPRECIATION
At 1 August 2022 28,961 16,219 20,712 3,586 69,478
Eliminated on disposal (28,961 ) (16,219 ) (20,712 ) (3,586 ) (69,478 )
At 31 January 2024 - - - - -
NET BOOK VALUE
At 31 January 2024 - - - - -
At 31 July 2022 8,820 2,703 4,202 - 15,725

All of the assets were disposed of during the year when trade ceased.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.7.22
£    £   
Other debtors 70 9,074

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.7.22
£    £   
Taxation and social security 1,638 32,477
Other creditors 21,250 21,469
22,888 53,946