Company Registration No. SC415950 (Scotland)
Edinburgh Bars Ltd
Unaudited accounts
for the year ended 31 October 2021
Edinburgh Bars Ltd
Unaudited accounts
Contents
Edinburgh Bars Ltd
Company Information
for the year ended 31 October 2021
Director
Michael McGuigan
Company Number
SC415950 (Scotland)
Registered Office
182 MORRISON STREET
EDINBURGH
EH3 8EB
SCOTLAND
Accountants
Oak Team Associates Limited
272 Bath Street
Glasgow
G2 4JR
Edinburgh Bars Ltd
Accountants' report
Accountants' report to the director of Edinburgh Bars Ltd on the preparation of the unaudited statutory accounts for the year ended 31 October 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Edinburgh Bars Ltd for the year ended
31 October 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Edinburgh Bars Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Edinburgh Bars Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Edinburgh Bars Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Edinburgh Bars Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Edinburgh Bars Ltd. You consider that Edinburgh Bars Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Edinburgh Bars Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Oak Team Associates Limited
272 Bath Street
Glasgow
G2 4JR
29 September 2022
Edinburgh Bars Ltd
Statement of financial position
as at
31 October 2021
Tangible assets
31,850
31,850
Investments
168,313
65,180
Cash at bank and in hand
1,843
-
Creditors: amounts falling due within one year
(149,282)
(153,229)
Net current liabilities
(137,358)
(69,607)
Total assets less current liabilities
62,805
27,423
Creditors: amounts falling due after more than one year
(50,000)
(50,000)
Net assets/(liabilities)
12,805
(22,577)
Called up share capital
100
100
Profit and loss account
12,705
(22,677)
Shareholders' funds
12,805
(22,577)
For the year ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 October 2022 and were signed on its behalf by
Michael McGuigan
Director
Company Registration No. SC415950
Edinburgh Bars Ltd
Notes to the Accounts
for the year ended 31 October 2021
Edinburgh Bars Ltd is a private company, limited by shares, registered in Scotland, registration number SC415950. The registered office is 182 MORRISON STREET, EDINBURGH, EH3 8EB, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on a straight line basis
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
At 1 November 2020
85,331
At 31 October 2021
31,850
At 1 November 2020
53,481
At 31 October 2021
31,850
At 31 October 2020
31,850
5
Investments
Other investments
Valuation at 1 November 2020
65,180
Valuation at 31 October 2021
168,313
Edinburgh Bars Ltd
Notes to the Accounts
for the year ended 31 October 2021
Amounts falling due within one year
Amounts due from group undertakings etc.
-
73,541
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
29,968
41,445
Trade creditors
38,306
44,276
Amounts owed to group undertakings and other participating interests
-
26,900
Taxes and social security
61,302
30,991
Other creditors
2,559
167
Loans from directors
9,450
9,450
8
Creditors: amounts falling due after more than one year
2021
2020
9
Average number of employees
During the year the average number of employees was 10 (2020: 10).