COMPANY REGISTRATION NUMBER:
SC250473
Filleted Financial Statements
|
|
Period from 25 December 2017 to 23 December 2018
Officers and professional advisers
|
1
|
|
|
Statement of financial position
|
2
|
|
|
Notes to the financial statements
|
3
|
|
|
Statement of Financial Position
|
|
23 December 2018
|
23 Dec 18
|
24 Dec 17
|
Note
|
£
|
£
|
£
|
|
|
|
|
Current assets
Cash at bank and in hand
|
1
|
|
1
|
|
|
|
|
Creditors: amounts falling due within one year
|
4
|
12
|
|
12
|
|
----
|
|
----
|
Net current liabilities
|
|
11
|
11
|
|
|
----
|
----
|
Total assets less current liabilities
|
|
(
11)
|
(
11)
|
|
|
----
|
----
|
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
2
|
2
|
Profit and loss account
|
|
(
13)
|
(
13)
|
|
|
----
|
----
|
Shareholders deficit
|
|
(
11)
|
(
11)
|
|
|
----
|
----
|
|
|
|
|
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 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 comprehensive income has not been delivered.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 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
26 June 2019
, and are signed on behalf of the board by:
Company registration number:
SC250473
Notes to the Financial Statements
|
|
Period from 25 December 2017 to 23 December 2018
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 152 Union Street, Aberdeen, AB10 1QT, Scotland.
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, 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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover represents the total amounts derived from rentals and service charges receivable on lettings to tenants, accrued on a timely basis, by reference to the agreements entered.
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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.
4.
Creditors:
amounts falling due within one year
|
23 Dec 18
|
24 Dec 17
|
|
£
|
£
|
Bank loans and overdrafts
|
12
|
12
|
|
----
|
----
|
|
|
|
5.
Summary audit opinion
The auditor's report for the period dated 26 June 2019 was unqualified.
The senior statutory auditor was
Cathal Maneely
, for and on behalf of
Maneely Mc Cann
.
6.
Related party transactions
Control The company is a wholly owned subsidiary of Herbel Restaurants Limited,a company registered in Northern Ireland. Herbel Restaurants Limited is a wholly owned subsidiary of Herbel Limited, a company registered in Northern Ireland. Banner Dell Limited, a company registered in England and Wales, is the parent company of Herbel Limited. Banner Dell Limited is a wholly owned subsidiary of Herbert Corporate Holdings Limited, a company incorporated in Northern Ireland. Mrs L E Herbert is the shareholder of of Herbert Corporate Holdings Limited and is considered to be the company's ultimate controlling party. Transactions The company has taken advantage of the exemption from disclosing related party transactions with group companies, in accordance with Financial Reporting Standard No 102 Section 1A Appendix C, Related Party Disclosures.
7.
Controlling party
Herbert Corporate Holdings Limited
is the company's ultimate parent company. Copies of consolidated financial statements may be obtained from Lesley House, 605 Lisburn Road, Belfast, BT9 7GS
.