Company Registration No. SC651947 (Scotland)
Forth Pubs Ltd
Unaudited accounts
for the year ended 31 December 2024
Forth Pubs Ltd
Unaudited accounts
Contents
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
Forth Pubs Ltd
Statement of financial position
as at 31 December 2024
Investment property
385,000
385,000
Cash at bank and in hand
1,821
7,979
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
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
Forth Pubs Ltd
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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 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.
Fair value at 1 January 2024
385,000
At 31 December 2024
385,000
Amounts falling due within one year
Forth Pubs Ltd
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
179,015
75,015
Taxes and social security
16,564
16,645
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).