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REGISTERED NUMBER: SC579459 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Rosebank Leisure Limited

Rosebank Leisure Limited (Registered number: SC579459)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rosebank Leisure Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mrs E R Slater





REGISTERED OFFICE: Rosebank
High Street
Strichen
Fraserburgh
Aberdeenshire
AB43 6RB





REGISTERED NUMBER: SC579459 (Scotland)





ACCOUNTANTS: SBP
Accountants
27 Finlayson Street
Fraserburgh
Aberdeenshire
AB43 9JQ

Rosebank Leisure Limited (Registered number: SC579459)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,393 255,883

CURRENT ASSETS
Stocks 1,000 2,000
Debtors 5 9,643 6,985
Cash at bank and in hand 370 2,099
11,013 11,084
CREDITORS
Amounts falling due within one year 6 483,461 503,731
NET CURRENT LIABILITIES (472,448 ) (492,647 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(453,055

)

(236,764

)

CREDITORS
Amounts falling due after more than one
year

7

-

102,040
NET LIABILITIES (453,055 ) (338,804 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (453,057 ) (338,806 )
SHAREHOLDERS' FUNDS (453,055 ) (338,804 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Rosebank Leisure Limited (Registered number: SC579459)

Balance Sheet - continued
30 November 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:





Mrs E R Slater - Director


Rosebank Leisure Limited (Registered number: SC579459)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Rosebank Leisure 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.

Going Concern
The director, having made due and careful enquiry, is of the opinion that the company has adequate working capital to execute its operations over the next 12 months. The director, therefore, has made an informed judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the director has continued to adopt the going concern basis of accounting in preparing the annual financial statements. The director will not seek to draw her loan balance unless she is satisfied that adequate resources will be available to meet all other creditors as they fall due.

Turnover
Turnover represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

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 reducing balance
Tenant's improvements - 10% on cost
Beer Garden - 20% on cost
Furnishings and equipment - 15% on reducing balance and 15% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

The freehold property and related beer garden were sold during the financial year and no assets were held under these categories as at the financial year end.

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 Statement of Income and Retained Earnings, 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.


Rosebank Leisure Limited (Registered number: SC579459)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Freehold Tenant's Beer
property improvements Garden
£    £    £   
COST
At 1 December 2022 261,290 - 14,507
Additions - 2,840 -
Disposals (261,290 ) - (14,507 )
At 30 November 2023 - 2,840 -
DEPRECIATION
At 1 December 2022 25,105 - 8,704
Charge for year - 91 -
Eliminated on disposal (25,105 ) - (8,704 )
At 30 November 2023 - 91 -
NET BOOK VALUE
At 30 November 2023 - 2,749 -
At 30 November 2022 236,185 - 5,803

Rosebank Leisure Limited (Registered number: SC579459)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Furnishings Fixtures
and and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 18,839 1,381 4,741 300,758
Additions 17,383 - 657 20,880
Disposals (18,839 ) (1,381 ) - (296,017 )
At 30 November 2023 17,383 - 5,398 25,621
DEPRECIATION
At 1 December 2022 7,028 768 3,270 44,875
Charge for year 1,559 - 1,308 2,958
Eliminated on disposal (7,028 ) (768 ) - (41,605 )
At 30 November 2023 1,559 - 4,578 6,228
NET BOOK VALUE
At 30 November 2023 15,824 - 820 19,393
At 30 November 2022 11,811 613 1,471 255,883

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 9,643 6,985

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts - 26,740
Trade creditors 50,684 86,726
Taxation and social security 20,303 24,697
Other creditors 412,474 365,568
483,461 503,731

The balance of other creditors includes a loan balance owing to the director of £383,393.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 102,040

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 46,043

Rosebank Leisure Limited (Registered number: SC579459)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans - 128,780

The Royal Bank of Scotland PLC hold a floating charge on the assets of the company in respect of any borrowing that may arise. The previous secured loan was repaid in full during the financial year.

9. RELATED PARTY DISCLOSURES

The director operates a current account with the company and the balance owing to her at the financial year end was £383,393 (2022:£354,199). Whilst the loan is considered short term, there are no fixed terms of repayment and no interest is accrued.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs E R Slater.