Registered number
13836641
Roobarb Pub Company Ltd
Filleted Accounts
31 March 2023
Roobarb Pub Company Ltd
Registered number: 13836641
Balance Sheet
as at 31 March 2023
Notes 2023
£
Fixed assets
Intangible assets 3 137,500
Tangible assets 4 113,491
250,991
Current assets
Stocks 11,162
Debtors 5 12,343
Cash at bank and in hand 57,733
81,238
Creditors: amounts falling due within one year 6 (78,610)
Net current assets 2,628
Total assets less current liabilities 253,619
Creditors: amounts falling due after more than one year 7 (199,900)
Net assets 53,719
Capital and reserves
Called up share capital 100
Profit and loss account 53,619
Shareholders' funds 53,719
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Stockhausen
Director
Approved by the board on 4 October 2023
Roobarb Pub Company Ltd
Notes to the Accounts
for the period from 10 January 2022 to 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023
Number
Average number of persons employed by the company 15
3 Intangible fixed assets £
Goodwill:
Cost
Additions 150,000
At 31 March 2023 150,000
Amortisation
Provided during the period 12,500
At 31 March 2023 12,500
Net book value
At 31 March 2023 137,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 12 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
Additions 55,000 73,643 128,643
At 31 March 2023 55,000 73,643 128,643
Depreciation
Charge for the period 4,583 10,569 15,152
At 31 March 2023 4,583 10,569 15,152
Net book value
At 31 March 2023 50,417 63,074 113,491
5 Debtors 2023
£
Other debtors 12,343
6 Creditors: amounts falling due within one year 2023
£
Trade creditors 50,918
Taxation and social security costs 24,723
Other creditors 2,969
78,610
7 Creditors: amounts falling due after one year 2023
£
Loans from directors 199,900
8 Other information
Roobarb Pub Company Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Tower Arms Hotel
2 Thorney Lane South
Iver
SL0 9AE
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