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REGISTERED NUMBER: SC457718 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

THE WHEATSHEAF INN (SYMINGTON) LTD

THE WHEATSHEAF INN (SYMINGTON) LTD (REGISTERED NUMBER: SC457718)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE WHEATSHEAF INN (SYMINGTON) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs M E Murray
MS Thompson





SECRETARY: Mrs M E Murray





REGISTERED OFFICE: 3 Main Street
Symington
Kilmarnock
KA1 5QB





REGISTERED NUMBER: SC457718 (Scotland)





ACCOUNTANTS: Stewart Gilmour & Co.
Chartered Accountants
24 Beresford Terrace
Ayr
KA7 2EG

THE WHEATSHEAF INN (SYMINGTON) LTD (REGISTERED NUMBER: SC457718)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,280 10,917

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 16,331 14,815
Cash at bank and in hand 57,957 45,932
75,788 62,247
CREDITORS
Amounts falling due within one year 6 65,746 77,413
NET CURRENT ASSETS/(LIABILITIES) 10,042 (15,166 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,322

(4,249

)

CREDITORS
Amounts falling due after more than one
year

7

(20,765

)

(30,862

)

PROVISIONS FOR LIABILITIES 8 (2,084 ) (2,074 )
NET LIABILITIES (3,527 ) (37,185 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 (3,529 ) (37,187 )
(3,527 ) (37,185 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 WHEATSHEAF INN (SYMINGTON) LTD (REGISTERED NUMBER: SC457718)

BALANCE SHEET - continued
30 JUNE 2024


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 26 March 2025 and were signed on its behalf by:





Mrs M E Murray - Director


THE WHEATSHEAF INN (SYMINGTON) LTD (REGISTERED NUMBER: SC457718)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

THE WHEATSHEAF INN (SYMINGTON) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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.

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.

THE WHEATSHEAF INN (SYMINGTON) LTD (REGISTERED NUMBER: SC457718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 11,691 8,115 19,806
DEPRECIATION
At 1 July 2023 3,992 4,897 8,889
Charge for year 1,155 482 1,637
At 30 June 2024 5,147 5,379 10,526
NET BOOK VALUE
At 30 June 2024 6,544 2,736 9,280
At 30 June 2023 7,699 3,218 10,917

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Debtors - brewers deposit 8,500 8,500
Other debtors 7,831 6,315
16,331 14,815

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,288 47,324
Tax 14,117 3,844
Social security and other taxes 672 4,017
VAT 10,219 9,789
Directors' current accounts 9,950 10,039
Accrued expenses 2,500 2,400
65,746 77,413

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bounce back loan 20,765 30,862

THE WHEATSHEAF INN (SYMINGTON) LTD (REGISTERED NUMBER: SC457718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,084 2,074

Deferred
tax
£   
Balance at 1 July 2023 2,074
Provided during year 10
Balance at 30 June 2024 2,084

9. RESERVES
Retained
earnings
£   

At 1 July 2023 (37,187 )
Profit for the year 51,658
Dividends (18,000 )
At 30 June 2024 (3,529 )