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REGISTERED NUMBER: SC715366 (Scotland)



















AMBER REGENT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






AMBER REGENT LTD (REGISTERED NUMBER: SC715366)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMBER REGENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Wai Hong Ho





REGISTERED OFFICE: 9 Royal Crescent
Glasgow
G3 7SP





REGISTERED NUMBER: SC715366 (Scotland)





ACCOUNTANTS: Whitelaw Wells
Chartered Accountants
9 Royal Crescent
Glasgow
G3 7SP

AMBER REGENT LTD (REGISTERED NUMBER: SC715366)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,696 36,483

CURRENT ASSETS
Stocks 20,000 18,000
Debtors 5 23,267 39,542
Cash at bank and in hand 147,256 242,856
190,523 300,398
CREDITORS
Amounts falling due within one year 6 157,938 193,124
NET CURRENT ASSETS 32,585 107,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,281

143,757

PROVISIONS FOR LIABILITIES 3,238 1,916
NET ASSETS 77,043 141,841

CAPITAL AND RESERVES
Called up share capital 103 100
Retained earnings 76,940 141,741
77,043 141,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

AMBER REGENT LTD (REGISTERED NUMBER: SC715366)

BALANCE SHEET - continued
31 DECEMBER 2023


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 16 September 2024 and were signed by:





Wai Hong Ho - Director


AMBER REGENT LTD (REGISTERED NUMBER: SC715366)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Amber Regent 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 and revenue recognition
The turnover shown in the profit and loss account represents the value of sales during the year, exclusive of Value Added Tax. A sale is recognised at the point where a meal is served or handed over to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenant's improvements - 10% on cost
Equipment and Fittings - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments such as cash, debtors and creditors are measured at transaction price. Financial liabilities classified as payable within one year are not amortised.

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.


AMBER REGENT LTD (REGISTERED NUMBER: SC715366)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


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 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.

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 contributes to the individual personal pensions of its employees. Contributions payable are charged to the accounts in the period to which they relate.

Employee benefits
When employees have rendered service to the company , short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 21 ) .

AMBER REGENT LTD (REGISTERED NUMBER: SC715366)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Equipment
Tenant's and
improvements Fittings Totals
£    £    £   
COST
At 1 January 2023 30,000 8,387 38,387
Additions 5,500 10,875 16,375
At 31 December 2023 35,500 19,262 54,762
DEPRECIATION
At 1 January 2023 1,499 405 1,904
Charge for year 3,343 1,819 5,162
At 31 December 2023 4,842 2,224 7,066
NET BOOK VALUE
At 31 December 2023 30,658 17,038 47,696
At 31 December 2022 28,501 7,982 36,483

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 4,669
Credit card and online sales
debtors 1,322 16,216
Tax recoverable 3,513 -
Prepayments 18,432 18,657
23,267 39,542

AMBER REGENT LTD (REGISTERED NUMBER: SC715366)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 79,619 81,095
Corporation Tax - 31,898
Social security and other taxes 5,863 8,336
VAT 46,836 50,582
Loan from related company 3,548 -
Directors' current accounts 2,068 1,642
Accrued expenses 20,004 19,571
157,938 193,124

The director's loan and loan from related company are interest free and repayable on demand.

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 75,420 66,667
Between one and five years 95,758 146,377
171,178 213,044

8. RELATED PARTY DISCLOSURES

The loan balance due to the director amounted to £2,068 (2022: £1,642) at the year end.