Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-262023-02-26Other business support service activities not elsewhere classifiedfalsefalse2022-02-2800trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13457731 2022-02-28 2023-02-26 13457731 2021-06-15 2022-02-27 13457731 2023-02-26 13457731 2022-02-27 13457731 c:Director1 2022-02-28 2023-02-26 13457731 d:Buildings d:LongLeaseholdAssets 2022-02-28 2023-02-26 13457731 d:Buildings d:LongLeaseholdAssets 2023-02-26 13457731 d:Buildings d:LongLeaseholdAssets 2022-02-27 13457731 d:FurnitureFittings 2022-02-28 2023-02-26 13457731 d:FurnitureFittings 2023-02-26 13457731 d:FurnitureFittings 2022-02-27 13457731 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-28 2023-02-26 13457731 d:OfficeEquipment 2022-02-28 2023-02-26 13457731 d:OfficeEquipment 2023-02-26 13457731 d:OfficeEquipment 2022-02-27 13457731 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-28 2023-02-26 13457731 d:ComputerEquipment 2022-02-28 2023-02-26 13457731 d:ComputerEquipment 2023-02-26 13457731 d:ComputerEquipment 2022-02-27 13457731 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-02-28 2023-02-26 13457731 d:OwnedOrFreeholdAssets 2022-02-28 2023-02-26 13457731 d:ComputerSoftware 2023-02-26 13457731 d:ComputerSoftware 2022-02-27 13457731 d:CurrentFinancialInstruments 2023-02-26 13457731 d:CurrentFinancialInstruments 2022-02-27 13457731 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-26 13457731 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-27 13457731 d:ShareCapital 2023-02-26 13457731 d:ShareCapital 2021-06-15 2022-02-27 13457731 d:ShareCapital 2022-02-27 13457731 d:RetainedEarningsAccumulatedLosses 2022-02-28 2023-02-26 13457731 d:RetainedEarningsAccumulatedLosses 2023-02-26 13457731 d:RetainedEarningsAccumulatedLosses 2021-06-15 2022-02-27 13457731 d:RetainedEarningsAccumulatedLosses 2022-02-27 13457731 c:OrdinaryShareClass1 2022-02-28 2023-02-26 13457731 c:OrdinaryShareClass1 2023-02-26 13457731 c:OrdinaryShareClass1 2022-02-27 13457731 c:FRS102 2022-02-28 2023-02-26 13457731 c:AuditExempt-NoAccountantsReport 2022-02-28 2023-02-26 13457731 c:FullAccounts 2022-02-28 2023-02-26 13457731 c:PrivateLimitedCompanyLtd 2022-02-28 2023-02-26 13457731 d:ComputerSoftware d:OwnedIntangibleAssets 2022-02-28 2023-02-26 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13457731










MAVEN PREMIUM SPORTS BARS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 26 FEBRUARY 2023

 
MAVEN PREMIUM SPORTS BARS LIMITED
REGISTERED NUMBER: 13457731

STATEMENT OF FINANCIAL POSITION
AS AT 26 FEBRUARY 2023

26 February
27 February
2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,726
4,721

Tangible assets
 5 
1,704,032
588,517

  
1,707,758
593,238

Current assets
  

Stocks
  
40,344
11,588

Debtors: amounts falling due within one year
 6 
515,590
253,849

Bank and cash balances
  
258,911
423,879

  
814,845
689,316

Creditors: amounts falling due within one year
 7 
(2,691,422)
(1,432,173)

Net current liabilities
  
 
 
(1,876,577)
 
 
(742,857)

Total assets less current liabilities
  
(168,819)
(149,619)

  

Net liabilities
  
(168,819)
(149,619)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(168,919)
(149,719)

  
(168,819)
(149,619)


Page 1

 
MAVEN PREMIUM SPORTS BARS LIMITED
REGISTERED NUMBER: 13457731
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 26 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 statement of comprehensive income 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 W J Martin
Directors

Date: 31 October 2023

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
MAVEN PREMIUM SPORTS BARS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 26 FEBRUARY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Loss for the period

-
(149,719)
(149,719)


Contributions by and distributions to owners

Shares issued during the period
100
-
100



At 28 February 2022
100
(149,719)
(149,619)


Comprehensive income for the period

Loss for the period
-
(19,200)
(19,200)


At 26 February 2023
100
(168,919)
(168,819)


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
MAVEN PREMIUM SPORTS BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 FEBRUARY 2023

1.


General information

Maven Premium Sports Bars Limited is a private limited company incorporated in England and Wales, registered number 13457731. The registered office is 10 Queen Street Place, London, EC4R 1AG.

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

The directors have prepared detailed forecasts and cash flow analysis models for a period of 12
months from the date of approval of the financial statements which indicate that the Company will
have sufficient funds to meet its liabilities as they fall due for that period.

  
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the turnover can be reliably measured. Turnover is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other taxes.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

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 4

 
MAVEN PREMIUM SPORTS BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 FEBRUARY 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property
-
over the life of the lease
Fixtures and fittings
-
20%
Office equipment
-
20%
Computer equipment
-
20%

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.

  
2.6

Stock

Stocks are stated at the lower of cost and estimated selling price. Cost comprises direct purchase
costs that have been incurred in bringing the stocks to their present location and condition.
At each reporting date, an assessment is made for impairment.

 
2.7

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.

  
2.8

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.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
Page 5

 
MAVEN PREMIUM SPORTS BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 FEBRUARY 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)


 
2.10

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.

 
2.11

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.12

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.


3.


Employees

The average monthly number of employees, including directors, during the period was 0 (2022 - 0).
The payroll of Maven Premium Sports Bars Limited is run through Maven Leisure Limited, a company within the same group as Maven Premium Sports Bars Limited.

Page 6

 
MAVEN PREMIUM SPORTS BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 FEBRUARY 2023

4.


Intangible assets






Computer software

£



Cost


At 28 February 2022
5,000



At 26 February 2023

5,000



Amortisation


At 28 February 2022
279


Charge for the period on owned assets
995



At 26 February 2023

1,274



Net book value



At 26 February 2023
3,726



At 27 February 2022
4,721



Page 7

 
MAVEN PREMIUM SPORTS BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 FEBRUARY 2023

5.


Tangible fixed assets







Long-term leasehold property
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 28 February 2022
265,496
157,474
69,727
117,946
610,643


Additions
274,049
777,287
182,687
59,814
1,293,837



At 26 February 2023

539,545
934,761
252,414
177,760
1,904,480



Depreciation


At 28 February 2022
3,239
8,494
3,868
6,526
22,127


Charge for the period on owned assets
19,184
96,440
32,962
29,735
178,321



At 26 February 2023

22,423
104,934
36,830
36,261
200,448



Net book value



At 26 February 2023
517,122
829,827
215,584
141,499
1,704,032



At 27 February 2022
262,258
148,980
65,859
111,420
588,517


6.


Debtors

26 February
27 February
2023
2022
£
£


Amounts owed by group undertakings
245,451
137,298

Other debtors
216,980
114,125

Prepayments and accrued income
53,159
2,426

515,590
253,849


Page 8

 
MAVEN PREMIUM SPORTS BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 FEBRUARY 2023

7.


Creditors: Amounts falling due within one year

26 February
27 February
2023
2022
£
£

Trade creditors
806,659
191,136

Amounts owed to group undertakings
1,377,254
1,099,387

Other taxation and social security
150,396
-

Other creditors
80,641
23,541

Accruals and deferred income
276,472
118,109

2,691,422
1,432,173



8.


Share capital

26 February
27 February
2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



9.


Related party transactions

Amounts owed to group undertakings is £1,377,254 (2022: £1,099,387) owed to Maven Leisure Limited, the parent company of Maven Premium Sports Bars Limited.
Amounts owed by group undertakings is £245,451 (2022: £137,298) owed from Maven Premium Bars & Restaurants Limited, a fellow subsidiary in the same group.


10.


Controlling party

The company is 100% owed by Maven Leisure Limited.
There is no one ultimate controlling party.

 
Page 9