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COMPANY REGISTRATION NUMBER: SC626049
Endeavour Hospitality Limited
Filleted Unaudited Financial Statements
26 February 2024
Endeavour Hospitality Limited
Statement of Financial Position
26 February 2024
2024
2023
Note
£
£
Current Assets
Debtors
5
227,259
121,091
Cash at bank and in hand
38,946
29,595
---------
---------
266,205
150,686
Creditors: amounts falling due within one year
6
550,974
134,467
---------
---------
Net Current (Liabilities)/Assets
( 284,769)
16,219
---------
--------
Total Assets Less Current Liabilities
( 284,769)
16,219
Creditors: amounts falling due after more than one year
7
240,000
249,742
---------
---------
Net Liabilities
( 524,769)
( 233,523)
---------
---------
Capital and Reserves
Called up share capital
100
100
Profit and loss account
( 524,869)
( 233,623)
---------
---------
Shareholders Deficit
( 524,769)
( 233,523)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 26 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Endeavour Hospitality Limited
Statement of Financial Position (continued)
26 February 2024
These financial statements were approved by the board of directors and authorised for issue on 4 February 2025 , and are signed on behalf of the board by:
Mr P Smith
Director
Company registration number: SC626049
Endeavour Hospitality Limited
Notes to the Financial Statements
Year Ended 26 February 2024
1. General Information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 52-54 King Street, Stirling, FK8 1AY, Scotland.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going Concern
These accounts are prepared on a going concern basis. The loss for the period is attributable to the waiver of an intercompany loan which formed part of a series of intragroup transactions for the year, and does not represent normal or anticipated trading activity by the company. The net liabilities position is attributable to an intragroup loan, which was made available for the benefit of the Group as a whole, and thus this loan arrangement also does not represent usual trading activity for the company itself. The Group in which the company is included is committed to provide financial support in the event of the company’s inability to meet its obligations should the need arise. Hence, the Directors are of the opinion that the company is a going concern.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 124 (2023: 65 ).
5. Debtors
2024
2023
£
£
Trade debtors
227,259
117,405
Other debtors
3,686
---------
---------
227,259
121,091
---------
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
47,926
46,698
Social security and other taxes
118,964
52,034
Other creditors
384,084
35,735
---------
---------
550,974
134,467
---------
---------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
240,000
249,742
---------
---------