St. Columbkille's Tea Room Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC398860 (Scotland)

Financial Statements

for the Year Ended

31 December 2019

for

ST. COLUMBKILLE'S TEA ROOM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D B Campbell

Mrs G P Gordon

Rev P A Hennessy

E B McGuigan

REGISTERED OFFICE:

Narplan House 63 Main Street

Rutherglen

Glasgow

United Kingdom

G73 2JH

REGISTERED NUMBER:

SC398860 (Scotland)

AUDITORS:

WDM Associates (Statutory Auditors)

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

CURRENT ASSETS

Stocks

3,357

2,604

Cash at bank and in hand

24,820

19,353

28,177

21,957

CREDITORS

Amounts falling due within one year

4

(28,176

)

(21,956

)

NET CURRENT ASSETS

1

1

TOTAL ASSETS LESS CURRENT LIABILITIES

1

1

CAPITAL AND RESERVES

Called up share capital

1

1

SHAREHOLDERS' FUNDS

1

1

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2020 and were signed on its behalf by:

Rev P A Hennessy - Director

1.	STATUTORY INFORMATION

St. Columbkille's Tea Room Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors decided to cease trading on 31st August 2020. The company has required financial assistance from the parish of St Columbkille's in order to meet ongoing costs and the effects of the Covid 19 pandemic have resulted in a large decrease in the company's income.

The going concern basis is not appropriate and the directors have therefore not prepared the financial statements on this basis.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Basic financial instruments

Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 1 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

371

2,163

Taxation and social security

5,384

2,679

Other creditors

22,421

17,114

28,176

21,956

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham Bonomy (Senior Statutory Auditor)

for and on behalf of WDM Associates (Statutory Auditors)

6.	RELATED PARTY DISCLOSURES

The company is wholly owned by St Columbkille's Parish, Rutherglen.

During the year the parish gave financial support to the company to assist with meeting the ongoing running costs. In 2019 this amounted to £34,314 (2018 - £23,918).

At 31 December 2019 the company owed £22,089 to the parish (2018 - £17,086).

7.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.

8.	POST BALANCE SHEET EVENTS

As disclosed in the accounting policies note at Note 2, the company ceased trading on 31st August 2020. The going concern basis is not appropriate and the directors have therefore not prepared the financial statements on this basis.