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REGISTERED NUMBER: SC557524 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CRANNOG RESTAURANTS LIMITED

CRANNOG RESTAURANTS LIMITED (REGISTERED NUMBER: SC557524)






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


CRANNOG RESTAURANTS LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: Finlay Donald Finlayson
Mrs Lorna Helen O'Neill Finlayson





SECRETARY: Andrew Ross Carr





REGISTERED OFFICE: Marine Walk
FORT WILLIAM
Inverness-shire
PH33 6FF





REGISTERED NUMBER: SC557524 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

CRANNOG RESTAURANTS LIMITED (REGISTERED NUMBER: SC557524)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,604 42,329

CURRENT ASSETS
Stocks 6,622 8,100
Debtors 5 988 5,365
Cash at bank and in hand 29,951 32,953
37,561 46,418
CREDITORS
Amounts falling due within one year 6 221,020 249,772
NET CURRENT LIABILITIES (183,459 ) (203,354 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(139,855

)

(161,025

)

CREDITORS
Amounts falling due after more than one
year

7

14,167

24,167
NET LIABILITIES (154,022 ) (185,192 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (154,023 ) (185,193 )
SHAREHOLDERS' FUNDS (154,022 ) (185,192 )

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 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.

CRANNOG RESTAURANTS LIMITED (REGISTERED NUMBER: SC557524)

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 Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





Finlay Donald Finlayson - Director


CRANNOG RESTAURANTS LIMITED (REGISTERED NUMBER: SC557524)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Crannog Restaurants 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.

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 financial statements are presented in Sterling (£).

With regard to Going Concern, the directors have pledged to support the company and pay any liabilities as they fall due.

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.
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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

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.

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.

CRANNOG RESTAURANTS LIMITED (REGISTERED NUMBER: SC557524)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 26,674 23,769 10,909 1,593 62,945
Additions - 5,465 - - 5,465
At 31 December 2023 26,674 29,234 10,909 1,593 68,410
DEPRECIATION
At 1 January 2023 2,976 10,837 5,441 1,362 20,616
Charge for year 533 2,760 820 77 4,190
At 31 December 2023 3,509 13,597 6,261 1,439 24,806
NET BOOK VALUE
At 31 December 2023 23,165 15,637 4,648 154 43,604
At 31 December 2022 23,698 12,932 5,468 231 42,329

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 988 5,365

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 18,649 20,929
Amounts owed to group undertakings 101,968 205,834
Taxation and social security 61,971 -
Other creditors 28,432 13,009
221,020 249,772

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,167 24,167