Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31The principal activity of the company continued to be that of managing pubs, restaurants, hotels and similar accommodations2022-10-01false1616truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11523581 2022-10-01 2023-03-31 11523581 2021-10-01 2022-09-30 11523581 2023-03-31 11523581 2022-09-30 11523581 c:Director1 2022-10-01 2023-03-31 11523581 d:FurnitureFittings 2022-10-01 2023-03-31 11523581 d:FurnitureFittings 2023-03-31 11523581 d:FurnitureFittings 2022-09-30 11523581 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-03-31 11523581 d:ComputerEquipment 2022-10-01 2023-03-31 11523581 d:ComputerEquipment 2023-03-31 11523581 d:ComputerEquipment 2022-09-30 11523581 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-03-31 11523581 d:OwnedOrFreeholdAssets 2022-10-01 2023-03-31 11523581 d:CurrentFinancialInstruments 2023-03-31 11523581 d:CurrentFinancialInstruments 2022-09-30 11523581 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11523581 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 11523581 d:ShareCapital 2023-03-31 11523581 d:ShareCapital 2022-09-30 11523581 d:RetainedEarningsAccumulatedLosses 2023-03-31 11523581 d:RetainedEarningsAccumulatedLosses 2022-09-30 11523581 c:OrdinaryShareClass1 2022-10-01 2023-03-31 11523581 c:OrdinaryShareClass1 2023-03-31 11523581 c:OrdinaryShareClass1 2022-09-30 11523581 c:FRS102 2022-10-01 2023-03-31 11523581 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-03-31 11523581 c:FullAccounts 2022-10-01 2023-03-31 11523581 c:PrivateLimitedCompanyLtd 2022-10-01 2023-03-31 11523581 7 2022-10-01 2023-03-31 11523581 e:PoundSterling 2022-10-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 11523581














NOTTING HILL PUB AND ROOMS (OC) LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2023

 
NOTTING HILL PUB AND ROOMS (OC) LIMITED
REGISTERED NUMBER:11523581

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
30 September
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,166
8,253

  
7,166
8,253

Current assets
  

Stocks
 5 
16,464
18,819

Debtors: amounts falling due within one year
 6 
390,355
412,094

Cash at bank and in hand
 7 
52,839
148,480

  
459,658
579,393

Creditors: amounts falling due within one year
 8 
(463,756)
(547,211)

Net current (liabilities)/assets
  
 
 
(4,098)
 
 
32,182

Total assets less current liabilities
  
3,068
40,435

Provisions for liabilities
  

Deferred tax
  
(1,047)
(1,359)

  
 
 
(1,047)
 
 
(1,359)

Net assets
  
2,021
39,076


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
1,921
38,976

  
2,021
39,076


Page 1

 
NOTTING HILL PUB AND ROOMS (OC) LIMITED
REGISTERED NUMBER:11523581
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 profit and loss account 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: 




M H Tillman
Director

Date: 9 February 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
NOTTING HILL PUB AND ROOMS (OC) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Notting Hill Pub and Rooms (OC) Limited is a private company, limited by shares, registered in England and Wales, registration number 11523581. The registered office address is 18 Bristol Gardens, London, W9 2JQ.
The principal activity of the company continued to be that of managing pubs, restaurants, hotels and similar accommodations
On 20 June 2023, the accounting reference date of the company was shortened from 30 September 2023 to 31 March 2023.

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 the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Functional and presentational currency

The company's functional and presentational currency is pound sterling. 

 
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 sales taxes. 
Turnover from the rendering of services is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Turnover from the sale of food and beverages is recognised when the goods have been provided.
Turnover from rooms is recognised when received.

 
2.4

Operating leases: the company as lessee

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.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the profit and loss accounts in the same period as the related expenditure. Grants received in respect of Covid Job Retention Scheme and Local Authority grants included in other income.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. 

Page 3

 
NOTTING HILL PUB AND ROOMS (OC) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

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 balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

 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.

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:

Fixtures and fittings
-
20%
straight-line
Computer equipment
-
20%
straight-line

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.

Page 4

 
NOTTING HILL PUB AND ROOMS (OC) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

  
2.10

 Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

 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.

 
2.12

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.13

 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.

 
2.14

 Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
2.15

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, and loans with related parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 16 (2022 -16).

Page 5

 
NOTTING HILL PUB AND ROOMS (OC) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Tangible fixed assets







Fixtures and fittings
Computer equipment
Total

£
£
£



Cost 


At 1 October 2022
20,848
661
21,509


Additions
1,121
-
1,121



At 31 March 2023

21,969
661
22,630



Depreciation


At 1 October 2022
12,796
460
13,256


Charge for the period
2,141
67
2,208



At 31 March 2023

14,937
527
15,464



Net book value



At 31 March 2023
7,032
134
7,166



At 30 September 2022
8,052
201
8,253


5.


Stocks

31 March
30 September
2023
2022
£
£

Food and beverage stocks
16,464
18,819



6.


Debtors

31 March
30 September
2023
2022
£
£


Amounts owed by connected entities
335,597
262,256

Other debtors
1,007
98,296

Called up share capital not paid
100
100

Prepayments
53,651
51,442

390,355
412,094


Page 6

 
NOTTING HILL PUB AND ROOMS (OC) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Cash

31 March
30 September
2023
2022
£
£

Cash at bank and in hand
52,839
148,480



8.


Creditors: amounts falling due within one year

31 March
30 September
2023
2022
£
£

Bank loans
20,000
-

Trade creditors
42,169
43,968

Amounts owed to connected entities
157,097
328,339

Corporation tax
-
8,216

Other taxation and social security
86,009
61,914

Other creditors
50,189
58,365

Accruals
108,292
46,409

463,756
547,211



9.


Unpaid share capital

31 March
30 September
2023
2022
£
£
Allotted, called up and unpaid



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

The shares have attached to them full rights regarding voting, payment of dividends and distributions.


10.


Pension commitments

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,996 (2022 - £3,036). Included in other creditors at the period end there is an amount payable of £1,880 (2022 - £1,380).


11.


Commitments under operating leases

At 31 March 2023, the company had future minimum lease payments under non-cancellable operating leases of £3,086,712 (2022 - £3,159,190).
 
Page 7

 
NOTTING HILL PUB AND ROOMS (OC) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

12.


Controlling party

The company is under the control of M H Tillman, a director and a majority shareholder of the company.

 
Page 8