REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 NOVEMBER 2022 TO 31 MARCH 2024 |
FOR |
MEDITERRANEAN (ABERDEEN) LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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 were approved by the director and authorised for issue on |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
At 31 March 2024 |
DEPRECIATION |
At 1 November 2022 |
Charge for period | ( |
) | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 October 2022 | ( |
) | ( |
) |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Other debtors |
Directors' current accounts | 1 | 1 |
VAT |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Accrued expenses |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2022 |
£ | £ |
Within one year |
Between one and five years |
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 |
£ | £ |
Balance outstanding at start of period |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
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 |
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. |
Unit 1, Office 1 & 8 |
Blackhall Industrial Estate |
Burghmuir Circle |
Inverurie |
Aberdeenshire |
AB51 4FS |