IRIS Accounts Production
Software
SC187383
1.10.14
30.9.15
30.9.15
Company accounts
Private Limited Company
FY
true
false
true
false
false
true
false
Ordinary A
22,500.00000
Ordinary B
22,500.00000
Ordinary C
40,000.00000
iso4217:GBP
iso4217:USD
iso4217:EUR
xbrli:shares
xbrli:pure
SC187383
2014-09-30
SC187383
2015-09-30
SC187383
2014-10-01
2015-09-30
SC187383
2013-09-30
SC187383
2013-10-01
2014-09-30
SC187383
2014-09-30
SC187383
ns12:Scotland
2014-10-01
2015-09-30
SC187383
ns14:PoundSterling
2014-10-01
2015-09-30
SC187383
ns7:Director1
2014-10-01
2015-09-30
SC187383
ns7:OrdinaryShareClass1
2014-10-01
2015-09-30
SC187383
ns7:OrdinaryShareClass2
2014-10-01
2015-09-30
SC187383
ns7:OrdinaryShareClass3
2014-10-01
2015-09-30
SC187383
ns7:Director2
2014-10-01
2015-09-30
SC187383
ns7:CompanySecretary
2014-10-01
2015-09-30
SC187383
ns7:RegisteredOffice
2014-10-01
2015-09-30
SC187383
ns7:EntityAccountantsOrAuditors
2014-10-01
2015-09-30
SC187383
ns7:EntityBankers
2014-10-01
2015-09-30
SC187383
ns5:NetGoodwill
2014-10-01
2015-09-30
SC187383
ns5:LandBuildings
ns5:OwnedOrFreeholdTangibleFixedAssets
2014-10-01
2015-09-30
SC187383
ns5:FixturesFittings
2014-10-01
2015-09-30
SC187383
ns5:ComputerEquipment
2014-10-01
2015-09-30
SC187383
ns7:OrdinaryShareClass1
2015-09-30
SC187383
ns7:OrdinaryShareClass1
2014-09-30
SC187383
ns7:OrdinaryShareClass2
2015-09-30
SC187383
ns7:OrdinaryShareClass2
2014-09-30
SC187383
ns7:OrdinaryShareClass3
2015-09-30
SC187383
ns7:OrdinaryShareClass3
2014-09-30
REGISTERED NUMBER:
SC187383
(Scotland)
|
Abbreviated Unaudited Accounts for the Year Ended 30 September 2015
|
Abbreviated Balance Sheet
|
2
|
|
Notes to the Abbreviated Accounts
|
3
|
|
|
SECRETARY:
|
Mrs H L Pearson |
|
REGISTERED OFFICE:
|
Badachro Inn
|
|
REGISTERED NUMBER:
|
SC187383 (Scotland)
|
|
ACCOUNTANTS:
|
Scott-Moncrieff
|
|
BANKERS:
|
Clydesdale Bank Plc
|
Tangible assets
|
3
|
355,163
|
|
365,020
|
|
|
Cash at bank and in hand
|
2,189
|
|
2,323
|
|
|
Amounts falling due within one year
|
5
|
253,392
|
|
240,505
|
|
|
NET CURRENT LIABILITIES
|
(220,668
|
) |
(48,141
|
) |
|
TOTAL ASSETS LESS CURRENT LIABILITIES
|
134,495
|
|
316,879
|
|
|
PROVISIONS FOR LIABILITIES
|
1,244
|
|
1,685
|
|
|
NET ASSETS
|
133,251
|
|
315,194
|
|
|
Called up share capital
|
6
|
85,000
|
|
85,000
|
|
|
Revaluation reserve
|
167,644
|
|
171,288
|
|
|
Profit and loss account
|
(119,393
|
) |
58,906
|
|
|
SHAREHOLDERS' FUNDS
|
133,251
|
|
315,194
|
|
|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006. |
The directors acknowledge their responsibilities for:
|
(a)
|
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
and
|
(b)
|
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.
|
The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
The financial statements were approved by the Board of Directors on
12 May 2016 and were signed on its behalf by:
|
|
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of
|
|
certain fixed assets, and in accordance with applicable accounting standards.
|
|
These financial statements have been prepared on a going concern basis. The directors are aware of the net current liability
|
|
position of the company, and is reliant on the continued support of the bank and suppliers to provide credit. On this basis,
|
|
it is considered appropriate to prepare the financial statements on a going concern basis.
|
|
Turnover represents restaurant and public house sales made during the year, excluding value added tax.
|
|
Goodwill, being the amount paid in connection with the acquisition of a business in 1998, was amortised evenly over its
|
|
estimated useful life of ten years.
|
|
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
|
Freehold property
|
-
|
2% on cost |
|
Fixtures and fittings
|
-
|
25% on reducing balance |
|
Computer equipment
|
-
|
25% on reducing balance |
|
Fixed assets are stated at cost, being purchase price, or valuation less accumulated depreciation.
|
|
An amount equal to the excess of the annual depreciation charge on those assets is transferred annually from the
|
|
revaluation reserve to the profit and loss reserve.
|
|
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
|
|
Cost comprises all direct expenditure incurred in bringing the stock to its current location and condition.
|
|
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
|
|
date, where transactions or events that result in an obligation to pay more or a right to pay less tax in the future occurred
|
|
by the balance sheet date with certain limited exceptions.
|
|
Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the period in which the
|
|
timing difference are expected to reverse, based on tax rates and laws enacted or substantively enacted at the balance
|
|
Hire purchase and leasing commitments
|
|
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the
|
2.
|
INTANGIBLE FIXED ASSETS
|
|
and 30 September 2015
|
28,000
|
|
|
|
and 30 September 2015
|
28,000
|
|
|
|
and 30 September 2015
|
455,774
|
|
|
|
At 30 September 2015
|
100,611
|
|
|
|
At 30 September 2015
|
355,163
|
|
|
|
At 30 September 2014
|
365,020
|
|
|
4.
|
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
|
|
|
The aggregate total of debtors falling due after more than one year is £
0
(30.9.14 - £
91,268
)
|
|
Creditors include an amount of £
190,536
(30.9.14 - £
174,790
) for which security has been given.
|
6.
|
CALLED UP SHARE CAPITAL
|
|
Allotted, issued and fully paid:
|
|
Number:
|
Class:
|
Nominal
|
30.9.15
|
|
30.9.14
|
|
22,500
|
Ordinary A
|
22500
|
22,500
|
|
22,500
|
|
|
|
22,500
|
Ordinary B
|
22500
|
22,500
|
|
22,500
|
|
|
|
40,000
|
Ordinary C
|
40000
|
40,000
|
|
40,000
|
|
|
|
The 'A' Ordinary Shares, the 'B' Ordinary Shares and the 'C' Ordinary Shares represent separate classes of shares. These
|
|
shares rank pari passu in all respects.
|
7.
|
ULTIMATE CONTROLLING PARTY
|
|
The ultimate controlling party is
Badachro Inn Limited. |