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Company registration number: 12202509
Moon Ale Houses Limited
Unaudited filleted financial statements
30 September 2023
THE BARKER PARTNERSHIP
Chartered Accountants
Thirsk
Moon Ale Houses Limited
Contents
Directors and other information
Accountants report
Balance sheet
Notes to the financial statements
Moon Ale Houses Limited
Directors and other information
Directors Mr Leslie Moon
Mrs Ann Moon
Mr Darren Leslie Moon
Mr Scott Moon
Company number 12202509
Registered office 85 Front Street
Sowerby
Thirsk
North Yorkshire
YO7 1JP
Accountants The Barker Partnership
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
Moon Ale Houses Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Moon Ale Houses Limited
Year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Moon Ale Houses Limited for the year ended 30 September 2023 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Moon Ale Houses Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Moon Ale Houses Limited and state those matters that we have agreed to state to the board of directors of Moon Ale Houses Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moon Ale Houses Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Moon Ale Houses Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Moon Ale Houses Limited. You consider that Moon Ale Houses Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Moon Ale Houses Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The Barker Partnership
Chartered Accountants
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
Moon Ale Houses Limited
Balance sheet
30 September 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 36,980 44,507
_______ _______
36,980 44,507
Current assets
Stocks 7,894 7,291
Debtors 6 737 859
Cash at bank and in hand 72,900 66,870
_______ _______
81,531 75,020
Creditors: amounts falling due
within one year 7 ( 55,488) ( 43,786)
_______ _______
Net current assets 26,043 31,234
_______ _______
Total assets less current liabilities 63,023 75,741
Creditors: amounts falling due
after more than one year 8 ( 10,191) ( 29,202)
Provisions for liabilities ( 7,057) ( 8,457)
_______ _______
Net assets 45,775 38,082
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 45,675 37,982
_______ _______
Shareholders funds 45,775 38,082
_______ _______
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 12 February 2024 , and are signed on behalf of the board by:
Mr Darren Leslie Moon
Director
Company registration number: 12202509
Moon Ale Houses Limited
Notes to the financial statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 85 Front Street, Sowerby, Thirsk, North Yorkshire, YO7 1JP.
The principal activity is that of the operation of licenced premises.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Improvements - 10 % reducing balance
Plant and equipment - 25 % reducing balance
Fixtures and fittings - 20 % reducing balance
Motor vehicles - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2022: 10 ).
5. Tangible assets
Short leasehold property Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 October 2022 18,845 11,465 16,795 16,720 63,825
Additions - - 400 - 400
Disposals - ( 87) ( 255) - ( 342)
_______ _______ _______ _______ _______
At 30 September 2023 18,845 11,378 16,940 16,720 63,883
_______ _______ _______ _______ _______
Depreciation
At 1 October 2022 4,131 5,450 7,229 2,508 19,318
Charge for the year 1,471 1,492 1,922 2,842 7,727
Disposals - ( 42) ( 100) - ( 142)
_______ _______ _______ _______ _______
At 30 September 2023 5,602 6,900 9,051 5,350 26,903
_______ _______ _______ _______ _______
Carrying amount
At 30 September 2023 13,243 4,478 7,889 11,370 36,980
_______ _______ _______ _______ _______
At 30 September 2022 14,714 6,015 9,566 14,212 44,507
_______ _______ _______ _______ _______
6. Debtors
2023 2022
£ £
Other debtors 737 859
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 9,688 9,688
Trade creditors 12,714 9,946
Corporation tax 14,862 8,307
Social security and other taxes 16,874 14,545
Other creditors 1,350 1,300
_______ _______
55,488 43,786
_______ _______
8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 10,191 29,202
_______ _______