Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-122023-02-122022-02-14falseThe principal activity of the company continues to be that of a restaurant and public house.2828falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05235188 2022-02-14 2023-02-12 05235188 2021-02-20 2022-02-13 05235188 2023-02-12 05235188 2022-02-13 05235188 c:Director1 2022-02-14 2023-02-12 05235188 d:Buildings d:LongLeaseholdAssets 2022-02-14 2023-02-12 05235188 d:Buildings d:LongLeaseholdAssets 2023-02-12 05235188 d:Buildings d:LongLeaseholdAssets 2022-02-13 05235188 d:FurnitureFittings 2022-02-14 2023-02-12 05235188 d:FurnitureFittings 2023-02-12 05235188 d:FurnitureFittings 2022-02-13 05235188 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-14 2023-02-12 05235188 d:OwnedOrFreeholdAssets 2022-02-14 2023-02-12 05235188 d:CurrentFinancialInstruments 2023-02-12 05235188 d:CurrentFinancialInstruments 2022-02-13 05235188 d:Non-currentFinancialInstruments 2023-02-12 05235188 d:Non-currentFinancialInstruments 2022-02-13 05235188 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-12 05235188 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-13 05235188 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-12 05235188 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-13 05235188 d:ShareCapital 2023-02-12 05235188 d:ShareCapital 2022-02-13 05235188 d:SharePremium 2023-02-12 05235188 d:SharePremium 2022-02-13 05235188 d:RetainedEarningsAccumulatedLosses 2023-02-12 05235188 d:RetainedEarningsAccumulatedLosses 2022-02-13 05235188 c:FRS102 2022-02-14 2023-02-12 05235188 c:AuditExempt-NoAccountantsReport 2022-02-14 2023-02-12 05235188 c:FullAccounts 2022-02-14 2023-02-12 05235188 c:PrivateLimitedCompanyLtd 2022-02-14 2023-02-12 05235188 2 2022-02-14 2023-02-12 05235188 6 2022-02-14 2023-02-12 iso4217:GBP xbrli:pure

Registered number: 05235188









THE UNION BAR AND GRILL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 12 FEBRUARY 2023

 
THE UNION BAR AND GRILL LIMITED
REGISTERED NUMBER: 05235188

BALANCE SHEET
AS AT 12 FEBRUARY 2023

12 February
13 February
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
337,731
351,015

Investments
 6 
100,100
100,100

  
437,831
451,115

Current assets
  

Stocks
  
15,588
13,465

Debtors: amounts falling due within one year
 7 
647,726
372,807

Cash at bank and in hand
 8 
856,753
844,361

  
1,520,067
1,230,633

Creditors: amounts falling due within one year
 9 
(420,856)
(434,305)

Net current assets
  
 
 
1,099,211
 
 
796,328

Total assets less current liabilities
  
1,537,042
1,247,443

Creditors: amounts falling due after more than one year
 10 
(242,500)
(362,333)

Provisions for liabilities
  

Deferred tax
  
(44,965)
(44,965)

  
 
 
(44,965)
 
 
(44,965)

Net assets
  
1,249,577
840,145


Capital and reserves
  

Called up share capital 
  
116
116

Share premium account
  
320,916
320,916

Profit and loss account
  
928,545
519,113

  
1,249,577
840,145


Page 1

 
THE UNION BAR AND GRILL LIMITED
REGISTERED NUMBER: 05235188
    
BALANCE SHEET (CONTINUED)
AS AT 12 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




E Guinness
Director

Date: 26 September 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
THE UNION BAR AND GRILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 12 FEBRUARY 2023

1.


General information

The Union Bar and Grill Limited is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that
the company has adequate resources to continue in operational existence for the foreseeable future.
Therefore, the directors have adopted the going concern basis of accounting in preparing the
financial statements.

Page 3

 
THE UNION BAR AND GRILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 12 FEBRUARY 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
THE UNION BAR AND GRILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 12 FEBRUARY 2023

2.Accounting policies (continued)

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
THE UNION BAR AND GRILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 12 FEBRUARY 2023

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
5%
Straight Line
Fixtures and fittings
-
15%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 6

 
THE UNION BAR AND GRILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 12 FEBRUARY 2023

2.Accounting policies (continued)

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates. 


4.


Employees

The average monthly number of employees, including directors, during the period was 28 (2022 - 28).

Page 7

 
THE UNION BAR AND GRILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 12 FEBRUARY 2023

5.


Tangible fixed assets







Long-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 14 February 2022
268,090
497,121
765,211


Additions
-
27,332
27,332



At 12 February 2023

268,090
524,453
792,543



Depreciation


At 14 February 2022
123,018
291,178
414,196


Charge for the period on owned assets
8,435
32,181
40,616



At 12 February 2023

131,453
323,359
454,812



Net book value



At 12 February 2023
136,637
201,094
337,731



At 13 February 2022
145,072
205,943
351,015


6.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 14 February 2022
100,100



At 12 February 2023
100,100





7.


Debtors

12 February
13 February
2023
2022
Page 8

 
THE UNION BAR AND GRILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 12 FEBRUARY 2023

7.Debtors (continued)

£
£


Trade debtors
(20)
(20)

Amounts owed by joint ventures and associated undertakings
572,590
330,789

Other debtors
37,543
26,737

Prepayments and accrued income
37,613
15,301

647,726
372,807



8.


Cash and cash equivalents

12 February
13 February
2023
2022
£
£

Cash at bank and in hand
856,753
844,361

856,753
844,361



9.


Creditors: Amounts falling due within one year

12 February
13 February
2023
2022
£
£

Bank loans
124,000
124,000

Trade creditors
66,832
64,733

Other taxation and social security
50,520
47,888

Other creditors
99,565
88,052

Accruals and deferred income
79,939
109,632

420,856
434,305



10.


Creditors: Amounts falling due after more than one year

12 February
13 February
2023
2022
£
£

Trade creditors
242,500
362,333

242,500
362,333


Page 9

 
THE UNION BAR AND GRILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 12 FEBRUARY 2023

11.


Related party transactions

At the balance sheet date, The Union Bar and Grill was owed £345,179 (2022:nil by The Union Chiswick, a connected company. 
At the balance sheet date, The Union Bar and Grill was owed £227,411 (2022:£nil) by The Union Regent Place Limited, a connected company.

 
Page 10