REGISTERED NUMBER: SC291578 (Scotland)

Abercorn Guest House Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs A M McDonald

SECRETARY:

Mr W McDonald

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

REGISTERED NUMBER:

SC291578 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

The Royal Bank of Scotland

177 Portobello High Street

Edinburgh

EH15 1EU

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

2,770

3,226

2,770

3,226

CURRENT ASSETS

Stocks

146

128

Debtors

3,483

2,328

3,629

2,456

CREDITORS

Amounts falling due within one year

30,830

29,378

NET CURRENT LIABILITIES

(27,201

)

(26,922

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(24,431

)

(23,696

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(24,531

)

(23,796

)

SHAREHOLDERS' FUNDS

(24,431

)

(23,696

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 20 July 2017 and were signed by:

Mrs A M McDonald - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover and revenue recognition

Turnover represents net invoiced sales of services. Revenue is recognised when the services are

supplied to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, has been

amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

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 have occurred at that date that will result in

an obligation to pay more, or a right to pay less or to receive more, tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more

likely than not that there will be suitable taxable profits from which the future reversal of the

underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantively

enacted at the balance sheet date.

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 lease.

Going concern

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

company will continue to function in the foreseeable future. In order to do so the company will

require the continued support of its director, bank and creditors. The director will continue to

support the company and is confident of the continued support of the bank.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

30,000

AMORTISATION

At 1 November 2015

and 31 October 2016

30,000

NET BOOK VALUE

At 31 October 2016

-

At 31 October 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

58,128

Additions

866

At 31 October 2016

58,994

DEPRECIATION

At 1 November 2015

54,902

Charge for year

1,322

At 31 October 2016

56,224

NET BOOK VALUE

At 31 October 2016

2,770

At 31 October 2015

3,226

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100