Glencoe Mountain Experience Limited
Glencoe Mountain Experience Limited
Registered number: SC367740
Financial Statements
For The Year Ended 31 October 2018
Stewart Accounting Services Limited
Glencoe Mountain Experience Limited
Financial Statements
For The Year Ended 31 October 2018
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Glencoe Mountain Experience Limited
Balance Sheet
As at
31 October 2018
Balance Sheet
Registered number:
SC367740
For the year ending 31 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2018 | 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 3 |
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| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 123,393 | 123,624 | |||
Page 1
Glencoe Mountain Experience Limited
Balance Sheet (continued)
As at
31 October 2018
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Glencoe Mountain Experience Limited
Notes to the Financial Statements
For The Year Ended 31 October 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
3.
Investments
| Listed | |
|---|---|
| £ | |
| Cost | |
| As at |
110,000 |
| As at |
110,000 |
| Provision | |
| As at |
- |
| As at |
- |
| Net Book Value | |
| As at |
110,000 |
| As at |
110,000 |
4.
Debtors
| 2018 | 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Directors' loan accounts | 15,006 | 15,006 | |
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5.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Accruals and deferred income |
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Page 3
Glencoe Mountain Experience Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2018
6.
Share Capital
| 2018 | 2017 | ||
|---|---|---|---|
| Allotted, Called up and fully paid |
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7.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at |
Amounts advanced | Amounts repaid | Amounts written off | As at |
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|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Steven Hutton |
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The above loan is unsecured, interest free and repayable on demand.
This will be paid off within 9 months.
8.
General Information
Glencoe Mountain Experience Limited is a private company, limited by shares, incorporated in Scotland, registered number SC367740 . The registered office is White Corries, Kingshouse, Glencoe, Argyll, PH49 4HZ.
Page 4