COMPANY REGISTRATION NUMBER:
SC472033
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Bamflatt Bed and Breakfast Limited |
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Filleted Unaudited Financial Statements |
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Bamflatt Bed and Breakfast Limited |
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Statement of Financial Position |
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31 March 2026
Current assets
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Debtors |
5 |
3,614 |
17,055 |
|
Cash at bank and in hand |
30,379 |
55,840 |
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-------- |
-------- |
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33,993 |
72,895 |
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Creditors: amounts falling due within one year |
6 |
1,260 |
3,831 |
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-------- |
-------- |
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Net current assets |
32,733 |
69,064 |
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-------- |
-------- |
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Total assets less current liabilities |
32,733 |
69,064 |
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-------- |
-------- |
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Net assets |
32,733 |
69,064 |
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-------- |
-------- |
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Capital and reserves
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Called up share capital |
1 |
1 |
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Profit and loss account |
32,732 |
69,063 |
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-------- |
-------- |
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Shareholders funds |
32,733 |
69,064 |
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-------- |
-------- |
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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 statement of income and retained earnings has not been delivered.
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
4 September 2026
, and are signed on behalf of the board by:
Company registration number:
SC472033
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Bamflatt Bed and Breakfast Limited |
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Notes to the Financial Statements |
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Year ended 31 March 2026
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is The Mechanics Workshop, New Lanark, Lanark, ML11 9DB.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company ceased to trade in February 2026.
Revenue recognition
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution pension plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2025:
1
).
5.
Debtors
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2026 |
2025 |
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£ |
£ |
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Other debtors |
3,614 |
17,055 |
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-------- |
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6.
Creditors:
amounts falling due within one year
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2026 |
2025 |
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£ |
£ |
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Corporation tax |
– |
2,571 |
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Other creditors |
1,260 |
1,260 |
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------- |
------- |
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1,260 |
3,831 |
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------- |
------- |
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7.
Director's advances, credits and guarantees
During the year £25,263 was advanced to the director and £38,310 was repaid in the year. The balance at the year-end was £259 (2025: £13,306). Interest is charged on the loan which is unsecured and has no fixed repayment terms.