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REGISTERED NUMBER: SC338448 (Scotland)
















Financial Statements for the Year Ended 31 December 2023

for

Ambassador Viscounte Ltd

Ambassador Viscounte Ltd (Registered number: SC338448)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ambassador Viscounte Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D Gaffney
C Richardson
R Boyd





REGISTERED OFFICE: c/o Brodies LLP
110 Queen Street
Glasgow
G1 3BX





REGISTERED NUMBER: SC338448 (Scotland)





AUDITORS: McLay McAlister & McGibbon LLP
Chartered Accountants and Statutory Auditors
145 St Vincent Street
Glasgow
G2 5JF

Ambassador Viscounte Ltd (Registered number: SC338448)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Investments 4 65,099 1,375,299

CURRENT ASSETS
Debtors 5 176,279 785,749
Investments 6 6,667 -
Cash at bank 93,197 408,337
276,143 1,194,086
CREDITORS
Amounts falling due within one year 7 (1,554,002 ) (1,733,205 )
NET CURRENT LIABILITIES (1,277,859 ) (539,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,212,760

)

836,180

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,212,761 ) 836,179
(1,212,760 ) 836,180

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:





D Gaffney - Director


Ambassador Viscounte Ltd (Registered number: SC338448)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Ambassador Viscounte 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Due to the continued support of group entities, which represent the majority of the creditors of the company, the directors have considered the financial assistance from the group companies and have concluded that the company will continue to operate for the next 12 months.

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.

Fixed asset investments
Investments are recognised at cost less any impairment.

3. EMPLOYEES AND DIRECTORS

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

Ambassador Viscounte Ltd (Registered number: SC338448)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 1,375,299
Disposals (100 )
Impairments (1,310,100 )
At 31 December 2023 65,099
NET BOOK VALUE
At 31 December 2023 65,099
At 31 December 2022 1,375,299

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 140,372 29,621
Other debtors 35,907 756,128
176,279 785,749

6. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Unlisted investments 6,667 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 652 (425 )
Amounts owed to group undertakings 1,467,850 1,652,130
Other creditors 85,500 81,500
1,554,002 1,733,205

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Martin (Senior Statutory Auditor)
for and on behalf of McLay McAlister & McGibbon LLP

9. RELATED PARTY DISCLOSURES

There are fixed charges over the company's assets arising due to the company acting as guarantor for lending in subsidiaries and associated entities in which the company has made investments.

The company has taken advantage of the exemption available in Section 33.1A of FRS 102 whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.

Ambassador Viscounte Ltd (Registered number: SC338448)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Ambassador Group Holdings Limited, a company incorporated in Scotland. The ultimate controlling party is D Gaffney by virtue of his 100% shareholding in Ambassador Group Holdings Limited.

Ambassador Group Holdings Limited is the largest group for which consolidated financial statements are prepared which include these results. A copy of the consolidated financial statements can be obtained from the registered office:

110 Queen Street
Glasgow
G1 3BX