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REGISTERED NUMBER: SC047395 (Scotland)















Financial Statements

for the Year Ended 30 April 2024

for

The Roundabout Inn (Balloch) Limited

The Roundabout Inn (Balloch) Limited (Registered number: SC047395)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Roundabout Inn (Balloch) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: N Cullen
W Hagen





REGISTERED OFFICE: Torrisdale
65 Round Riding Road
Dumbarton
Glasgow
G82 2HX





REGISTERED NUMBER: SC047395 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

The Roundabout Inn (Balloch) Limited (Registered number: SC047395)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 294,837 294,837

CURRENT ASSETS
Debtors 5 9,634 9,634
Cash at bank and in hand 50,921 71,161
60,555 80,795
CREDITORS
Amounts falling due within one year 6 53,705 1,665
NET CURRENT ASSETS 6,850 79,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,687

373,967

CAPITAL AND RESERVES
Called up share capital 7 50,100 50,100
Revaluation reserve 8 385,020 385,020
Other reserves 6,000 6,000
Retained earnings (139,433 ) (67,153 )
SHAREHOLDERS' FUNDS 301,687 373,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 11 July 2024 and were signed on its behalf by:



W Hagen - Director


The Roundabout Inn (Balloch) Limited (Registered number: SC047395)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

The Roundabout Inn (Balloch) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on valuation

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 May 2023
and 30 April 2024 579,067
DEPRECIATION
At 1 May 2023
and 30 April 2024 284,230
NET BOOK VALUE
At 30 April 2024 294,837
At 30 April 2023 294,837

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Associated Company 9,634 9,634

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
VAT 2,070 -
Social Security & Other Taxes 431 153
Directors' current accounts 49,841 568
Accrued expenses 1,363 944
53,705 1,665

The Roundabout Inn (Balloch) Limited (Registered number: SC047395)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
50,100 Ordinary £1 50,100 50,100

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 385,020