REGISTERED NUMBER: SC422825 (Scotland)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

DECADES NIGHTCLUBS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A A Cochrane

SECRETARY:

D L Parfitt

REGISTERED OFFICE:

C/o Sms Payroll, India Of Inchinnan,

Greenock Road

Renfrew

PA4 9LH

REGISTERED NUMBER:

SC422825 (Scotland)

AUDITORS:

Burnside

Chartered Accountants

and Statutory Auditor

61 Queen Square

Bristol

BS1 4JZ

CURRENT ASSETS

Debtors

4

73,576

79,509

Cash at bank

17,276

9,364

90,852

88,873

CREDITORS

Amounts falling due within one year

5

108,462

92,485

NET CURRENT LIABILITIES

(17,610

)

(3,612

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,610

)

(3,612

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(17,710

)

(3,712

)

SHAREHOLDERS' FUNDS

(17,610

)

(3,612

)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2026 and were signed by:

A A Cochrane - Director

1.	STATUTORY INFORMATION

Decades Nightclubs Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments

Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Interest bearing bank loans which meet the criteria of basic financial instruments are initially recorded at the present value of cash payable to the bank, usually being equivalent to the proceeds received net of direct issue costs. These liabilities are subsequently measured at amortised cost, using the effective interest rate method.

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.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the

company will continue in operational existence for the foreseeable future. The company's shareholder has confirmed that he is willing to provide immediate financial support to the company, if necessary, to ensure that the company will continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

33,756

Amounts owed by group undertakings

-

30,890

Amounts owed by related undertakings

55,562

-

VAT

350

-

Prepayments and accrued income

17,664

14,863

73,576

79,509

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

10,556

2,042

Amounts owed to related undertakings

16,500

16,500

Corporation tax payable

58,194

60,256

VAT

-

3,075

Accruals and deferred income

23,212

10,612

108,462

92,485

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

87,000

87,000

Between one and five years

93,912

180,912

180,912

267,912

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

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

The Report of the Auditors was unqualified.

Steven Combe FCA (Senior Statutory Auditor)

for and on behalf of Burnside

9.	RELATED PARTY DISCLOSURES

On 19 August 2024 100% shares of the company were transferred from TGC Holdings Limited, a company registered in Scotland, to the company's director, and from this date the company ceased being a subsidiary of TGC Holdings Limited.

The company's results until 19 August 2024 were reported within the consolidated accounts of TGC Holdings Limited and these are freely available from Companies House. The registered office of TGC Holdings Limited is 78-84 Bell Street, Dundee, DD1 1HN.

After 19 August 2024 the company was controlled by its director A A Cochrane.

TGC Holdings Limited and other companies that used to be subsidiaries of TGC Holdings group continue to remain companies under common control in relation to Decades Nightclubs Limited as of 28 February 2025.

During the year ending 28 February 2025 the company provided services to TGC Leisure Limited of £109,709 (2024 - £113,690).

As of 28 February 2025 the company was owed £37,429 by TGC Leisure Limited, a company under common control, (2024 - £47,845). The balances are not secured, are due on demand and do not bear any interest.

As of 28 February 2025 the company was owed £18,133 by TGC Holdings Limited (2024 - £16,801), a company under common control. The balance is not secured, is due on demand and does not bear any interest.

As of 28 February 2025 the company owed £16,500 to PECI Limited (2024 - £16,500), the company under common control. The balance is not secured, is due on demand and does not bear any interest.