Company Registration No. 06773410 (England and Wales)
Nelsons Bar Limited
Unaudited accounts
for the year ended 31 March 2023
Nelsons Bar Limited
Unaudited accounts
Contents
Nelsons Bar Limited
Company Information
for the year ended 31 March 2023
Directors
Mr Paul Calvesbert
Ms Karen Sharp
Company Number
06773410 (England and Wales)
Registered Office
Southsea Leisure Park
Melville Road
Southsea
Hampshire
PO4 9TB
United Kingdom
Accountants
SJS Advsiory Ltd
Office 20, 5 Charter House
Lord Montgomery Way
Portsmouth
Hampshire
PO1 2SN
Nelsons Bar Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
1,309
1,015
Creditors: amounts falling due within one year
-
(241,619)
Net current assets
66,464
70,793
Called up share capital
100
100
Profit and loss account
66,364
71,298
Shareholders' funds
66,464
71,398
For the year ending 31 March 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by
Mr Paul Calvesbert
Director
Company Registration No. 06773410
Nelsons Bar Limited
Notes to the Accounts
for the year ended 31 March 2023
Nelsons Bar Limited is a private company, limited by shares, registered in England and Wales, registration number 06773410. The registered office is Southsea Leisure Park, Melville Road, Southsea, Hampshire, PO4 9TB, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts are presented in £ sterling.
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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:
Plant & machinery
25% on cost
Nelsons Bar Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Amounts due from group undertakings etc.
65,155
179,559
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
-
218,747
Taxes and social security
-
21,189
7
Transactions with related parties
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
The ultimate parent company is PJ Holdings (UK) Ltd registered in England & Wales.
The ultimate controlling party is Mr P Calvesbert.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).