Silverfin false false 31/03/2024 01/04/2023 31/03/2024 B Robertson 04/03/2021 28 January 2025 The principal activity of the company during the financial period was management consultancy activities other than financial management. SC691189 2024-03-31 SC691189 bus:Director1 2024-03-31 SC691189 2023-03-31 SC691189 core:CurrentFinancialInstruments 2024-03-31 SC691189 core:CurrentFinancialInstruments 2023-03-31 SC691189 core:ShareCapital 2024-03-31 SC691189 core:ShareCapital 2023-03-31 SC691189 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC691189 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC691189 core:OtherPropertyPlantEquipment 2023-03-31 SC691189 core:OtherPropertyPlantEquipment 2024-03-31 SC691189 bus:OrdinaryShareClass1 2024-03-31 SC691189 2023-04-01 2024-03-31 SC691189 bus:FilletedAccounts 2023-04-01 2024-03-31 SC691189 bus:SmallEntities 2023-04-01 2024-03-31 SC691189 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC691189 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC691189 bus:Director1 2023-04-01 2024-03-31 SC691189 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 SC691189 2022-04-01 2023-03-31 SC691189 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 SC691189 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC691189 (Scotland)

DELIBERATE HOSPITALITY LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH THE REGISTRAR

DELIBERATE HOSPITALITY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024

Contents

DELIBERATE HOSPITALITY LIMITED

BALANCE SHEET

AS AT 31 MARCH 2024
DELIBERATE HOSPITALITY LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2024
Note 31.03.2024 31.03.2023
£ £
Fixed assets
Tangible assets 3 2,860 2,388
2,860 2,388
Current assets
Debtors 4 23,290 12,911
Cash at bank and in hand 5 9,373 10,160
32,663 23,071
Creditors: amounts falling due within one year 6 ( 18,240) ( 17,014)
Net current assets 14,423 6,057
Total assets less current liabilities 17,283 8,445
Provision for liabilities 7 ( 715) ( 597)
Net assets 16,568 7,848
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 16,468 7,748
Total shareholder's funds 16,568 7,848

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Deliberate Hospitality Limited (registered number: SC691189) were approved and authorised for issue by the Director on 28 January 2025. They were signed on its behalf by:

B Robertson
Director
DELIBERATE HOSPITALITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
DELIBERATE HOSPITALITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Deliberate Hospitality Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is First Floor, 227 West George Street, Glasgow, G2 2ND, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

31.03.2024 31.03.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2023 3,447 3,447
Additions 1,166 1,166
At 31 March 2024 4,613 4,613
Accumulated depreciation
At 01 April 2023 1,059 1,059
Charge for the financial year 694 694
At 31 March 2024 1,753 1,753
Net book value
At 31 March 2024 2,860 2,860
At 31 March 2023 2,388 2,388

4. Debtors

31.03.2024 31.03.2023
£ £
Trade debtors 13,292 7,911
Other debtors 9,998 5,000
23,290 12,911

5. Cash and cash equivalents

31.03.2024 31.03.2023
£ £
Cash at bank and in hand 9,373 10,160

6. Creditors: amounts falling due within one year

31.03.2024 31.03.2023
£ £
Trade creditors 762 0
Taxation and social security 14,134 13,270
Other creditors 3,344 3,744
18,240 17,014

7. Provision for liabilities

31.03.2024 31.03.2023
£ £
Deferred tax 715 597

8. Called-up share capital

31.03.2024 31.03.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Transactions with the entity's director

31.03.2024 31.03.2023
£ £
Amounts owed (to)/from the director 9,998 (244)