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REGISTERED NUMBER: 08941116 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

THE DUN COW (DURHAM) LTD

THE DUN COW (DURHAM) LTD (REGISTERED NUMBER: 08941116)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE DUN COW (DURHAM) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J M Carey
W Sanders





REGISTERED OFFICE: 37 Old Elvet
Durham
United Kingdom
DH1 3HN





REGISTERED NUMBER: 08941116 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

THE DUN COW (DURHAM) LTD (REGISTERED NUMBER: 08941116)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,000 22,000
Tangible assets 5 20,304 15,354
31,304 37,354

CURRENT ASSETS
Stocks 5,118 4,610
Cash at bank and in hand 12,844 31,150
17,962 35,760
CREDITORS
Amounts falling due within one year 6 86,276 78,752
NET CURRENT LIABILITIES (68,314 ) (42,992 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(37,010

)

(5,638

)

CREDITORS
Amounts falling due after more than one
year

7

119,058

127,527
NET LIABILITIES (156,068 ) (133,165 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (156,168 ) (133,265 )
SHAREHOLDERS' FUNDS (156,068 ) (133,165 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE DUN COW (DURHAM) LTD (REGISTERED NUMBER: 08941116)

BALANCE SHEET - continued
31 MARCH 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:





W Sanders - Director


THE DUN COW (DURHAM) LTD (REGISTERED NUMBER: 08941116)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

The Dun Cow (Durham) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover derives from the principal activity of the company which is that of a public house. Income is recognised at the point of sale of goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - at cost over terms of lease
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


THE DUN COW (DURHAM) LTD (REGISTERED NUMBER: 08941116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The financial statements have been prepared on the going concern basis despite the company reporting net liabilities at the balance sheet date. The directors fund the company through a directors loan account. They have indicated their willingness to continue to provide funds to support the company, and for this reason they believe that the going concern concept is deemed to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 110,000
AMORTISATION
At 1 April 2022 88,000
Charge for year 11,000
At 31 March 2023 99,000
NET BOOK VALUE
At 31 March 2023 11,000
At 31 March 2022 22,000

THE DUN COW (DURHAM) LTD (REGISTERED NUMBER: 08941116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 64,180 9,540 - 73,720
Additions - - 14,000 14,000
At 31 March 2023 64,180 9,540 14,000 87,720
DEPRECIATION
At 1 April 2022 51,221 7,145 - 58,366
Charge for year 6,418 599 2,033 9,050
At 31 March 2023 57,639 7,744 2,033 67,416
NET BOOK VALUE
At 31 March 2023 6,541 1,796 11,967 20,304
At 31 March 2022 12,959 2,395 - 15,354

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,746 7,136
Trade creditors - 2,158
Taxation and social security 2,334 3,122
Other creditors 76,196 66,336
86,276 78,752

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 119,058 127,527

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 82,331 95,015

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 42,006 33,333
Between one and five years 126,017 133,333
In more than five years 252,035 200,001
420,058 366,667

THE DUN COW (DURHAM) LTD (REGISTERED NUMBER: 08941116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loan 86,989 89,286

The above bank loan is secured on the personal property of the directors.

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Share capital £1.00 100 100

11. RELATED PARTY DISCLOSURES

During the year the directors maintained an interest free loan to the company. As at the year-end the balance outstanding on the loan was £74,906 (2022: £65,092).