9 01/09/2023 31/08/2024 2024-08-31 false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2023-09-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP SC670950 2023-09-01 2024-08-31 SC670950 2024-08-31 SC670950 2023-08-31 SC670950 2022-09-01 2023-08-31 SC670950 2023-08-31 SC670950 2022-08-31 SC670950 bus:RegisteredOffice 2023-09-01 2024-08-31 SC670950 bus:LeadAgentIfApplicable 2023-09-01 2024-08-31 SC670950 bus:Director1 2023-09-01 2024-08-31 SC670950 core:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 SC670950 core:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 SC670950 core:WithinOneYear 2024-08-31 SC670950 core:WithinOneYear 2023-08-31 SC670950 core:ShareCapital 2024-08-31 SC670950 core:ShareCapital 2023-08-31 SC670950 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC670950 core:RetainedEarningsAccumulatedLosses 2023-08-31 SC670950 core:ShareCapital 2022-08-31 SC670950 core:RetainedEarningsAccumulatedLosses 2022-08-31 SC670950 core:PreviouslyStatedAmount core:ShareCapital 2024-08-31 SC670950 bus:Director1 2023-08-31 SC670950 bus:Director1 2024-08-31 SC670950 bus:Director1 2022-08-31 SC670950 bus:Director1 2023-08-31 SC670950 bus:Director1 2022-09-01 2023-08-31 SC670950 bus:SmallEntities 2023-09-01 2024-08-31 SC670950 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC670950 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC670950 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC670950 bus:AbridgedAccounts 2023-09-01 2024-08-31
Company registration number: SC670950
Kinlochmore Ltd
Trading as The Tailrace Inn
Unaudited filleted abridged financial statements
31 August 2024
Kinlochmore Ltd
Contents
Directors and other information
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Kinlochmore Ltd
Directors and other information
Directors Mr Robert Breen
Company number SC670950
Registered office Riverside Road
Kinlochleven
Argyll
PH50 4QH
Business address Riverside Road
Kinlochleven
Argyll
PH50 4QH
Accountant MOR Accounting Services
11 Glenfield Avenue
Cowdenbeath
Fife
KY4 9EN
Bankers TSB
Kinlochmore Ltd
Abridged statement of financial position
31 August 2024
31/10/23
Note £ £ £ £
Fixed assets
Tangible assets - 41,807
_______ _______
- 41,807
Current assets
Stocks - 4,400
Debtors 2,258 9,000
Cash at bank and in hand 89,295 193,889
_______ _______
91,553 207,289
Creditors: amounts falling due
within one year ( 81,417) ( 113,577)
_______ _______
Net current assets 10,136 93,712
_______ _______
Total assets less current liabilities 10,136 135,519
_______ _______
Net assets 10,136 135,519
_______ _______
Capital and reserves
Called up share capital 10 10
Profit and loss account 10,126 135,509
_______ _______
Shareholders funds 10,136 135,519
_______ _______
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 09 October 2024 , and are signed on behalf of the board by:
Mr Robert Breen
Director
Company registration number: SC670950
Kinlochmore Ltd
Statement of changes in equity
Year ended 31 August 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 September 2022 10 136,231 136,241
(Loss)/profit for the year 23,278 23,278
_______ _______ _______
Total comprehensive income for the year - 23,278 23,278
Dividends paid and payable ( 24,000) ( 24,000)
_______ _______ _______
Total investments by and distributions to owners - ( 24,000) ( 24,000)
_______ _______ _______
At 31 August 2023 and 1 September 2023 10 135,509 135,519
(Loss)/profit for the year ( 105,383) ( 105,383)
_______ _______ _______
Total comprehensive income for the year - ( 105,383) ( 105,383)
Dividends paid and payable ( 20,000) ( 20,000)
_______ _______ _______
Total investments by and distributions to owners - ( 20,000) ( 20,000)
_______ _______ _______
At 31 August 2024 10 10,126 10,136
_______ _______ _______
Kinlochmore Ltd
Notes to the financial statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Tailrace Inn, Riverside Road, Kinlochleven, Argyll, PH50 4QH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
4. Staff costs
The average number of persons employed by the company during the year amounted to 9 (2023: 10 ).
The aggregate payroll costs incurred during the year were:
Year Year
ended ended
31/10/23
£ £
Wages and salaries 43,082 167,543
Social security costs 639 8,359
Other pension costs 98 933
_______ _______
43,819 176,835
_______ _______
5. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Year ended 31/10/23
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Robert Breen 3,000 ( 9,026) ( 6,026)
_______ _______ _______
Year ended
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Robert Breen ( 21,662) 24,662 3,000
_______ _______ _______