1 September 2021 false Taxfiler 2022.8.3 05218712business:PrivateLimitedCompanyLtd2021-09-012022-08-31 052187122021-08-31 052187122021-09-012022-08-31 05218712business:AuditExemptWithAccountantsReport2021-09-012022-08-31 05218712business:FullAccounts2021-09-012022-08-31 052187122022-08-31 05218712business:Director12021-09-012022-08-31 05218712business:CompanySecretary12021-09-012022-08-31 05218712business:RegisteredOffice2021-09-012022-08-31 052187122021-08-31 05218712core:WithinOneYear2022-08-31 05218712core:WithinOneYear2021-08-31 05218712core:AfterOneYear2022-08-31 05218712core:AfterOneYear2021-08-31 05218712core:ShareCapital2022-08-31 05218712core:ShareCapital2021-08-31 05218712core:SharePremium2022-08-31 05218712core:SharePremium2021-08-31 05218712core:RetainedEarningsAccumulatedLosses2022-08-31 05218712core:RetainedEarningsAccumulatedLosses2021-08-31 05218712business:SmallEntities2021-09-012022-08-31 05218712countries:EnglandWales2021-09-012022-08-31 05218712core:LandBuildings2021-09-012022-08-31 05218712core:LandBuildings2021-08-31 05218712core:LandBuildings2022-08-31 05218712business:OrdinaryShareClass12021-09-012022-08-31 05218712business:OrdinaryShareClass12020-09-012021-08-31 052187122020-09-012021-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 05218712 (England and Wales)
The Carpenters Arms (Coed - Y - Paen) Ltd Unaudited accounts for the year ended 31 August 2022
The Carpenters Arms (Coed - Y - Paen) Ltd Unaudited accounts Contents
Page
- 2 -
The Carpenters Arms (Coed - Y - Paen) Ltd Company Information for the year ended 31 August 2022
Director
Matthew Hiscox
Secretary
Jon Hiscox
Company Number
05218712 (England and Wales)
Registered Office
The Carpenters Arms Coed-Y-Paen Nr Pontypool NP4 0TH
Accountants
Evans Entwistle 432 Gloucester Rd Bristol BS7 8TX
- 3 -
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of The Carpenters Arms (Coed - Y - Paen) Ltd for the year ended 31 August 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Carpenters Arms (Coed - Y - Paen) Ltd for the year ended 31 August 2022 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice 432 Gloucester Rd Bristol BS7 8TX 12 September 2022
- 4 -
The Carpenters Arms (Coed - Y - Paen) Ltd Statement of financial position as at 31 August 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
462,532 
Investment property
462,532 
- 
462,532 
462,532 
Current assets
Debtors
- 
69 
Cash at bank and in hand
10,607 
24,647 
10,607 
24,716 
Creditors: amounts falling due within one year
(5,090)
(800)
Net current assets
5,517 
23,916 
Total assets less current liabilities
468,049 
486,448 
Creditors: amounts falling due after more than one year
(359,228)
(393,325)
Net assets
108,821 
93,123 
Capital and reserves
Called up share capital
4 
4 
Share premium
13,322 
13,322 
Profit and loss account
95,495 
79,797 
Shareholders' funds
108,821 
93,123 
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2022 and were signed on its behalf by
Matthew Hiscox Director Company Registration No. 05218712
- 5 -
The Carpenters Arms (Coed - Y - Paen) Ltd Notes to the Accounts for the year ended 31 August 2022
1
Statutory information
The Carpenters Arms (Coed - Y - Paen) Ltd is a private company, limited by shares, registered in England and Wales, registration number 05218712. The registered office is The Carpenters Arms, Coed-Y-Paen, Nr Pontypool, NP4 0TH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
no write down
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
- 6 -
The Carpenters Arms (Coed - Y - Paen) Ltd Notes to the Accounts for the year ended 31 August 2022
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 September 2021
462,532 
Transfer to investment property
(462,532)
At 31 August 2022
- 
Depreciation
At 31 August 2022
- 
Net book value
At 31 August 2022
- 
At 31 August 2021
462,532 
5
Investment property
2022 
£ 
Additions
462,532 
At 31 August 2022
462,532 
The investment property is disclosed in the accounts at a value which the directors believe represents a true and fair market value.
6
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
- 
69 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
4,550 
- 
Accruals
540 
800 
5,090 
800 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
36,550 
49,584 
Loans from directors
322,678 
343,741 
359,228 
393,325 
9
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
- 7 -
The Carpenters Arms (Coed - Y - Paen) Ltd Notes to the Accounts for the year ended 31 August 2022
10
Average number of employees
During the year the average number of employees was 1 (2021: 1).
- 8 -