Company registration number 12075566 (England and Wales)
Royds Pub Co Ltd
Unaudited
Financial Statements
for the year ended 31 March 2023
PAGES FOR FILING WITH REGISTRAR
Royds Pub Co Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Royds Pub Co Ltd
Statement of financial position
as at 31 March 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
678,602
708,214
Current assets
Stocks
11,902
12,459
Debtors
3,710
2,825
Cash at bank and in hand
21,264
8,851
36,876
24,135
Creditors: amounts falling due within one year
(39,668)
(46,625)
Net current liabilities
(2,792)
(22,490)
Total assets less current liabilities
675,810
685,724
Creditors: amounts falling due after more than one year
(441,040)
(784,040)
Net assets/(liabilities)
234,770
(98,316)
Capital and reserves
Called up share capital
4
400,100
100
Profit and loss reserves
(165,330)
(98,416)
Total equity
234,770
(98,316)

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

Royds Pub Co Ltd
Statement of financial position (continued)
as at 31 March 2023
31 March 2023
- 2 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 6 October 2023 and are signed on its behalf by:
G Royds
Director
Company Registration No. 12075566
Royds Pub Co Ltd
Notes to the Financial Statements
for the year ended 31 March 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for goods provided in the normal course of business, and is shown net of VAT.

 

Turnover is recognised on supply of goods.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% Straight Line basis
Fixtures, fittings and equipment
10% - 25% Straight Line basis
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Royds Pub Co Ltd
Notes to the Financial Statements (continued)
for the year ended 31 March 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
20
20
3
Tangible fixed assets
Total
£
Cost
At 1 April 2022
774,047
Additions
3,249
At 31 March 2023
777,296
Depreciation and impairment
At 1 April 2022
65,833
Depreciation charged in the year
32,861
At 31 March 2023
98,694
Carrying amount
At 31 March 2023
678,602
At 31 March 2022
708,214
4
Called up share capital

During the year the company issued 400,000 £1 preference shares to a company under the control of the directors.

5
Company information

Royds Pub Co Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Estate Office, Gledholt Business Park, Allen Row, Paddock, Huddersfield, West Yorkshire, HD1 4SB.

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