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REGISTERED NUMBER: SC549512 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

The Pier (Aberdeen) Ltd

The Pier (Aberdeen) Ltd (Registered number: SC549512)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 6

The Pier (Aberdeen) Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: M McAuley





REGISTERED OFFICE: Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB





REGISTERED NUMBER: SC549512 (Scotland)





ACCOUNTANTS: Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB

The Pier (Aberdeen) Ltd (Registered number: SC549512)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 38,648 62,067

CURRENT ASSETS
Stocks 7,495 8,420
Debtors 5 423,449 390,847
Cash at bank and in hand 356,365 351,803
787,309 751,070
CREDITORS
Amounts falling due within one
year

6

(155,881

)

(190,723

)
NET CURRENT ASSETS 631,428 560,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

670,076

622,414

PROVISIONS FOR LIABILITIES (9,662 ) (11,792 )
NET ASSETS 660,414 610,622

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 660,413 610,621
660,414 610,622

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 4 February 2025 and were signed by:



M McAuley - Director


The Pier (Aberdeen) Ltd (Registered number: SC549512)

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

1. STATUTORY INFORMATION

The Pier (Aberdeen) Ltd 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.

Turnover
Turnover represents amounts receivable for goods sold and services rendered during the year, exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 17 ) .

The Pier (Aberdeen) Ltd (Registered number: SC549512)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023
and 30 September
2024

35,641

25,359

52,035

7,404

120,439
DEPRECIATION
At 1 October 2023 28,198 19,214 5,878 5,082 58,372
Charge for year 5,196 4,943 11,539 1,741 23,419
At 30 September
2024

33,394

24,157

17,417

6,823

81,791
NET BOOK VALUE
At 30 September
2024

2,247

1,202

34,618

581

38,648
At 30 September
2023

7,443

6,145

46,157

2,322

62,067

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Loan - Resting Brunch Face 26,226 -
Loan - Bridge House Café 1,921 1,921
Loan - Watermelon Group 388,228 388,228
Prepayments 7,074 698
423,449 390,847

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 13,798 19,042
Tax 23,694 14,989
PAYE 4,117 3,943
VAT 31,035 35,525
Loan - McAuley (Aberdeen) 36,389 74,127
Loan - Cafe Ahoy 16,319 11,433
Accrued expenses 30,529 31,664
155,881 190,723

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year 40,000 40,000
Between one and five years 160,000 160,000
In more than five years 120,000 160,000
320,000 360,000

The Pier (Aberdeen) Ltd (Registered number: SC549512)

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

8. ULTIMATE CONTROLLING PARTY

M McAuley is the ultimate controlling party by virtue of his 100% shareholding in the holding company.

Accountants' Report to the Director
on the Unaudited Financial Statements of
The Pier (Aberdeen) Ltd

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 The Pier (Aberdeen) Ltd for the year ended 30 September 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.

This report is made solely to the director of The Pier (Aberdeen) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Pier (Aberdeen) Ltd and state those matters that we have agreed to state to the director of The Pier (Aberdeen) Ltd in this report. 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 The Pier (Aberdeen) Ltd 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 profit of The Pier (Aberdeen) Ltd. You consider that The Pier (Aberdeen) Ltd is exempt from the statutory audit requirement for the year.

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

As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/publicinterest/memberregulations.






Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB


4 February 2025