1 January 2024 false No description of principal activity Taxfiler 2024.6 SC651947business:PrivateLimitedCompanyLtd2024-01-012024-12-31 SC6519472023-12-31 SC6519472024-01-012024-12-31 SC651947business:AuditExemptWithAccountantsReport2024-01-012024-12-31 SC651947business:FilletedAccounts2024-01-012024-12-31 SC6519472024-12-31 SC651947business:Director12024-01-012024-12-31 SC651947business:RegisteredOffice2024-01-012024-12-31 SC6519472023-12-31 SC651947core:WithinOneYear2024-12-31 SC651947core:WithinOneYear2023-12-31 SC651947core:AfterOneYear2024-12-31 SC651947core:AfterOneYear2023-12-31 SC651947core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 SC651947core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC651947core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 SC651947core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC651947core:PreviouslyStatedAmount2024-12-31 SC651947core:PreviouslyStatedAmount2023-12-31 SC651947business:SmallEntities2024-01-012024-12-31 SC651947countries:Scotland2024-01-012024-12-31 SC6519472023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC651947 (Scotland)
Forth Pubs Ltd Unaudited accounts for the year ended 31 December 2024
Forth Pubs Ltd Unaudited accounts Contents
Page
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Forth Pubs Ltd Company Information for the year ended 31 December 2024
Director
Gennaro Cortellessa
Company Number
SC651947 (Scotland)
Registered Office
3a Jordan Lane Edinburgh Midlothian EH10 4RB Scotland
Accountants
AGL Tax Solutions LLP 2A Station Yard Haddington East Lothian EH41 3PP
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Forth Pubs Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
385,000 
385,000 
Current assets
Debtors
10 
10 
Cash at bank and in hand
1,821 
7,979 
1,831 
7,989 
Creditors: amounts falling due within one year
(196,693)
(118,788)
Net current liabilities
(194,862)
(110,799)
Total assets less current liabilities
190,138 
274,201 
Creditors: amounts falling due after more than one year
- 
(133,833)
Net assets
190,138 
140,368 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
190,128 
140,358 
Shareholders' funds
190,138 
140,368 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 May 2025 and were signed on its behalf by
Gennaro Cortellessa Director Company Registration No. SC651947
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Forth Pubs Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Forth Pubs Ltd is a private company, limited by shares, registered in Scotland, registration number SC651947. The registered office is 3a Jordan Lane, Edinburgh, Midlothian, EH10 4RB, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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 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 accounts. 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.
4
Investment property
2024 
£ 
Fair value at 1 January 2024
385,000 
At 31 December 2024
385,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
10 
10 
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Forth Pubs Ltd Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
514 
- 
Amounts owed to group undertakings and other participating interests
179,015 
75,015 
Taxes and social security
16,564 
16,645 
Other creditors
- 
22,000 
Accruals
600 
5,128 
196,693 
118,788 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
- 
133,833 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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