Relate AccountsProduction v2.1.19 v2.1.19 2017-02-24 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the operation of a public house. 8 November 2018 0 10616155 2018-02-28 10616155 2017-02-23 10616155 2017-02-24 2018-02-28 10616155 uk-bus:PrivateLimitedCompanyLtd 2017-02-24 2018-02-28 10616155 uk-bus:AbridgedAccounts 2017-02-24 2018-02-28 10616155 uk-core:ShareCapital 2018-02-28 10616155 uk-core:RetainedEarningsAccumulatedLosses 2018-02-28 10616155 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2018-02-28 10616155 uk-bus:FRS102 2017-02-24 2018-02-28 10616155 uk-core:FurnitureFittingsToolsEquipment 2017-02-24 2018-02-28 10616155 2017-02-24 2018-02-28 10616155 uk-bus:Director2 2017-02-24 2018-02-28 10616155 uk-bus:AuditExempt-NoAccountantsReport 2017-02-24 2018-02-28 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Epona Ventures Limited
 
Date of Incorporation
13 February 2017
 
Unaudited Abridged Financial Statements
 
for the period ended 28 February 2018



Epona Ventures Limited
Company Number: 10616155
ABRIDGED BALANCE SHEET
as at 28 February 2018

Feb 18
Notes £
 
Fixed Assets
Tangible assets 7 1,183
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Current Assets
Stocks 4,000
Debtors 8,652
Cash and cash equivalents 9,246
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21,898
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Creditors: Amounts falling due within one year (30,966)
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Net Current Liabilities (9,068)
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Total Assets less Current Liabilities (7,885)
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Capital and Reserves
Called up share capital 100
Profit and Loss Account (7,985)
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Equity attributable to owners of the company (7,885)
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The financial statements have been prepared 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).
       
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
       
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
       
For the financial period ended 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 of the Companies Act 2006.
       
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
       
Approved by the Board and authorised for issue on 8 November 2018 and signed on its behalf by
       
       
Mark Farragher      
Director      



Epona Ventures Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the period ended 28 February 2018

   
1. GENERAL INFORMATION
 
Epona Ventures Limited is a company limited by shares incorporated in United Kingdom. The Victoria, 2 Watergate Row North, Chester, CH1 2LD, is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. ACCOUNTING POLICIES
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 28 February 2018 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.
 
Basis of preparation
The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
 
Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.
 
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 10% Straight line
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stockss are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Share capital of the company
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. ADOPTION OF FRS 102 SECTION 1A
 
This is the first set of financial statements prepared by Epona Ventures Limited in accordance with accounting standards issued by the Financial Reporting Council, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities). The company transitioned from previously extant Irish and UK GAAP to FRS 102 Section 1A as at 1 January 2016.
   
4. PERIOD OF FINANCIAL STATEMENTS
 
The financial statements are for the 12 month 5 days period ended 28 February 2018.
Date company was incorporated:
13 February 2017
   
5. STATEMENT ON PREVIOUS PERIODS
 
The company did not present financial statements for previous periods.
     
6. EMPLOYEES
 
The average monthly number of employees, including directors, during the period was 4.
       
7. TANGIBLE FIXED ASSETS
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
Additions 1,286 1,286
  ───────── ─────────
At 28 February 2018 1,286 1,286
  ───────── ─────────
Depreciation
Charge for the period 103 103
  ───────── ─────────
At 28 February 2018 103 103
  ───────── ─────────
Net book value
At 28 February 2018 1,183 1,183
  ═════════ ═════════
     
8. CAPITAL COMMITMENTS
 
The company had no material capital commitments at the period-ended 28 February 2018.
   
9. POST-BALANCE SHEET EVENTS
 
There have been no significant events affecting the company since the period-end.