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REGISTERED NUMBER: SC579394 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2022 TO 31 MARCH 2024

FOR

MEDITERRANEAN (ABERDEEN) LIMITED

MEDITERRANEAN (ABERDEEN) LIMITED (REGISTERED NUMBER: SC579394)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 November 2022 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

MEDITERRANEAN (ABERDEEN) LIMITED

COMPANY INFORMATION
for the Period 1 November 2022 to 31 March 2024







DIRECTOR: Ms J Forbes





SECRETARY: Brodies Secretarial Services Limited





REGISTERED OFFICE: Brodies House
31/33 Union Grove
Aberdeen
Aberdeenshire
AB10 6SD





REGISTERED NUMBER: SC579394 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS

MEDITERRANEAN (ABERDEEN) LIMITED (REGISTERED NUMBER: SC579394)

BALANCE SHEET
31 March 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 54,522 -

CURRENT ASSETS
Debtors 6 5,709 1
Cash at bank 1,279 -
6,988 1
CREDITORS
Amounts falling due within one year 7 88,983 2,738
NET CURRENT LIABILITIES (81,995 ) (2,737 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,473

)

(2,737

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (27,474 ) (2,738 )
(27,473 ) (2,737 )

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

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

The director acknowledges her 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 director and authorised for issue on 31 October 2024 and were signed by:





Ms J Forbes - Director


MEDITERRANEAN (ABERDEEN) LIMITED (REGISTERED NUMBER: SC579394)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 November 2022 to 31 March 2024

1. STATUTORY INFORMATION

Mediterranean (Aberdeen) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis which assumes the company will continue trading for a period of no less than 12 months from the date of this report.

Although the balance sheet is in deficit, included within creditors are balances totalling £79,956 (2022: £2,738) owed to associated companies. The common director has confirmed these amounts will not be called upon for repayment until the company is in a position to be able to make payment in full. As a result the director believes that preparation of the financial statements on a going concern basis is applicable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Included in tenants improvements are costs relating to the construction and refurbishment of the restaurants premises. Tenants improvements are not depreciated until the underlying assets are brought in to use.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets which include trade & other debtors, cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers significant risk and reward of ownership to another entity.

Basic financial liabilities
Basic financial liabilities which include trade and other creditors are recognised at transaction price including transaction cost.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

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.

4. EMPLOYEES AND DIRECTORS

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

MEDITERRANEAN (ABERDEEN) LIMITED (REGISTERED NUMBER: SC579394)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 November 2022 to 31 March 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
Additions 54,206 372 54,578
At 31 March 2024 54,206 372 54,578
DEPRECIATION
At 1 November 2022 3,823 - 3,823
Charge for period (3,823 ) 56 (3,767 )
At 31 March 2024 - 56 56
NET BOOK VALUE
At 31 March 2024 54,206 316 54,522
At 31 October 2022 (3,823 ) - (3,823 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Other debtors 500 -
Directors' current accounts 1 1
VAT 435 -
Prepayments 4,773 -
5,709 1

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors 1,230 -
Amounts owed to group undertakings 79,956 2,738
Accrued expenses 7,797 -
88,983 2,738

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2022
£    £   
Within one year 18,000 -
Between one and five years 55,500 -
73,500 -

MEDITERRANEAN (ABERDEEN) LIMITED (REGISTERED NUMBER: SC579394)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 November 2022 to 31 March 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2024 and the year ended 31 October 2022:

2024 2022
£    £   
Ms J Forbes
Balance outstanding at start of period 1 1
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 1 1

The above loan is interest free and has no set repayment terms.

10. RELATED PARTY DISCLOSURES

Little Chelsea Holdings (Aberdeen) Limited is a company under common control of the director. During the year, Little Chelsea Holdings (Aberdeen) Limited made net loan payments to the company of £14,764 (2022: £1,327). As at the year end, Little Chelsea Holdings (Aberdeen) Limited was due £17,502 (2022: £2,738) from the company.

Portlethen Computer (Services) Limited is a company under common control of the director. During the year, Portlethen Computer (Services) Limited made net loan payments to the company of £62,454 (2022: £nil). As at the year end, Portlethen Computer (Services) Limited was due £62,454 (2022: £nil) from the company.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms J Forbes.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MEDITERRANEAN (ABERDEEN) LIMITED (REGISTERED NUMBER: SC579394)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mediterranean (Aberdeen) Limited for the period ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Mediterranean (Aberdeen) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mediterranean (Aberdeen) Limited and state those matters that we have agreed to state to the director of Mediterranean (Aberdeen) Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Mediterranean (Aberdeen) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mediterranean (Aberdeen) Limited. You consider that Mediterranean (Aberdeen) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Mediterranean (Aberdeen) 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 financial statements.






Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS


31 October 2024