St. Magnus Bay Hotel Ltd.,Ltd - AccountsLtd - Accounts
St. Magnus Bay Hotel Ltd.,Ltd - AccountsLtd - Accounts
| Registered Number:SC328690 |
For the year ended 30 April 2022
Scotland
Unaudited Financial Statements
2
For the year ended 30 April 2022
St. Magnus Bay Hotel Ltd.
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
| Registered Number : |
| As at |
St. Magnus Bay Hotel Ltd.
Abridged Statement of Financial Position
| £ |
| £ |
2021
2022
| Notes |
| Fixed assets |
| Property, plant and equipment |
| Current assets |
| Inventories |
2
| Trade and other receivables |
3
| Cash and cash equivalents |
| Trade and other payables: amounts falling due within one |
| year |
(134,681 )
(144,925 )
47,973
Net current assets
| Total assets less current liabilities |
| Trade and other payables: amounts falling due after more |
| than one year |
(39,510 )
(26,612 )
Net assets
| Capital and reserves |
| Called up share capital |
| Retained earnings |
Shareholders' funds
| 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 Section |
| 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. |
| All the members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of |
| Financial Position for the year ended 30 April 2022 in accordance with Section 444 (2A) of the Companies Act 2006. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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| Registered Number : |
For the year ended 30 April 2022
St. Magnus Bay Hotel Ltd.
Abridged Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on |
| The notes form part of these financial statements |
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For the year ended 30 April 2022
St. Magnus Bay Hotel Ltd.
Notes to the Financial Statements
Statutory Information
| St. Magnus Bay Hotel Ltd. is a private limited company, limited by shares, domiciled in Scotland, registration number |
| SC328690. |
| Registered address: |
Hillswick
Shetland
ZE2 9RW
| The presentation currency is £ sterling. |
| 1. Accounting policies |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Going Concern
| The financial statements have been prepared on a going concern basis. The company has made a |
| loss during the year and its ability to be regarded as a going concern is subject to the |
| continued support of associated companies, creditors and the assumption that the shareholders will |
| continue to provide whatever financial support is required in order to allow the company to settle its |
| liabilities as they fall due. The company does not prepare forecasts or maintain adequate |
| management accounts which are required in order to ascertain the current and foreseeable financial |
| position. |
| 2. Inventories |
2021
2022
| £ |
| £ |
| Stocks |
| 3. Trade and other receivables |
| The debtors below show amounts falling due after more than one year: |
2021
2022
| £ |
| £ |
| Trade debtors |
| 4. Average number of persons employed |
During the year the average number of employees was 7 (2021 : 11 )
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