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
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Directors |
Mr Robert Breen |
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Company number |
SC670950 |
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Registered office |
Riverside Road |
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Kinlochleven |
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Argyll |
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PH50 4QH |
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Business address |
Riverside Road |
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Kinlochleven |
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Argyll |
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PH50 4QH |
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Accountant |
MOR Accounting Services |
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11 Glenfield Avenue |
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Cowdenbeath |
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Fife |
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KY4 9EN |
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Kinlochmore Ltd
Abridged statement of financial position
31 August 2024
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31/10/23 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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- |
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41,807 |
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_______ |
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_______ |
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- |
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41,807 |
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Current assets |
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Stocks |
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- |
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4,400 |
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Debtors |
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2,258 |
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9,000 |
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Cash at bank and in hand |
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89,295 |
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193,889 |
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_______ |
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_______ |
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91,553 |
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207,289 |
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Creditors: amounts falling due |
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within one year |
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(
81,417) |
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(
113,577) |
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_______ |
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_______ |
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Net current assets |
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10,136 |
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93,712 |
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_______ |
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Total assets less current liabilities |
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10,136 |
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135,519 |
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_______ |
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Net assets |
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10,136 |
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135,519 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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10 |
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10 |
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Profit and loss account |
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10,126 |
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135,509 |
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_______ |
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Shareholders funds |
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10,136 |
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135,519 |
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_______ |
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_______ |
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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:
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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;
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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
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Called up share capital |
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Profit and loss account |
Total |
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£ |
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£ |
£ |
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At 1 September 2022 |
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10 |
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136,231 |
136,241 |
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(Loss)/profit for the year |
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23,278 |
23,278 |
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_______ |
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_______ |
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Total comprehensive income for the year |
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23,278 |
23,278 |
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Dividends paid and payable |
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(
24,000) |
(
24,000) |
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_______ |
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_______ |
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Total investments by and distributions to owners |
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- |
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(
24,000) |
(
24,000) |
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_______ |
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At 31 August 2023 and 1 September 2023 |
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135,509 |
135,519 |
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(Loss)/profit for the year |
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(
105,383) |
(
105,383) |
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Total comprehensive income for the year |
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(
105,383) |
(
105,383) |
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Dividends paid and payable |
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(
20,000) |
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20,000) |
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_______ |
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_______ |
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Total investments by and distributions to owners |
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- |
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(
20,000) |
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20,000) |
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_______ |
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At 31 August 2024 |
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10 |
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10,126 |
10,136 |
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_______ |
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_______ |
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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
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The aggregate payroll costs incurred during the year were:
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Year |
Year |
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ended |
ended |
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31/10/23 |
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£ |
£ |
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Wages and salaries |
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43,082 |
167,543 |
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Social security costs |
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639 |
8,359 |
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Other pension costs |
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98 |
933 |
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_______ |
_______ |
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43,819 |
176,835 |
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5.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company: |
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Year ended 31/10/23 |
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Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
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£ |
£ |
£ |
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Mr Robert Breen |
3,000 |
(
9,026) |
(
6,026) |
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_______ |
_______ |
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Year ended |
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Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
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£ |
£ |
£ |
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Mr Robert Breen |
(
21,662) |
24,662 |
3,000 |
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_______ |
_______ |
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