THE AUDLEY INN LIMITED 09055951 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is Public House Digita Accounts Production Advanced 6.30.9574.0 true true 09055951 2022-06-01 2023-05-31 09055951 2023-05-31 09055951 bus:OrdinaryShareClass1 2023-05-31 09055951 core:CurrentFinancialInstruments 2023-05-31 09055951 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 09055951 core:Goodwill 2023-05-31 09055951 core:FurnitureFittingsToolsEquipment 2023-05-31 09055951 bus:SmallEntities 2022-06-01 2023-05-31 09055951 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 09055951 bus:FullAccounts 2022-06-01 2023-05-31 09055951 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 09055951 bus:RegisteredOffice 2022-06-01 2023-05-31 09055951 bus:CompanySecretaryDirector1 2022-06-01 2023-05-31 09055951 bus:Director2 2022-06-01 2023-05-31 09055951 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 09055951 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 09055951 core:Goodwill 2022-06-01 2023-05-31 09055951 core:ComputerEquipment 2022-06-01 2023-05-31 09055951 core:FurnitureFittings 2022-06-01 2023-05-31 09055951 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 09055951 countries:AllCountries 2022-06-01 2023-05-31 09055951 2022-05-31 09055951 core:Goodwill 2022-05-31 09055951 core:FurnitureFittingsToolsEquipment 2022-05-31 09055951 2021-06-01 2022-05-31 09055951 2022-05-31 09055951 bus:OrdinaryShareClass1 2022-05-31 09055951 core:CurrentFinancialInstruments 2022-05-31 09055951 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 09055951 core:Goodwill 2022-05-31 09055951 core:FurnitureFittingsToolsEquipment 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09055951

THE AUDLEY INN LIMITED

trading as THE FIGHTING COCKS

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2023

 

THE AUDLEY INN LIMITED

trading as THE FIGHTING COCKS

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

THE AUDLEY INN LIMITED

trading as THE FIGHTING COCKS

Company Information

Directors

MRS TRACEY BEAUFILS

MR PAUL BEAUFILS

Company secretary

MRS TRACEY BEAUFILS

Registered office

THE FIGHTING COCKS
WENDENS AMBO
SAFFRON WALDEN
ESSEX
CB11 4JN

Accountants

Jacques and Associates Ltd ICPA

64 CHELMSFORD ROAD
HOLLAND ON SEA
ESSEX
CO15 5DJ

 

THE AUDLEY INN LIMITED

trading as THE FIGHTING COCKS

(Registration number: 09055951)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

5,000

5,000

Tangible assets

5

2,544

3,390

 

7,544

8,390

Current assets

 

Debtors

6

3,057

4,700

Cash at bank and in hand

 

17,502

-

 

20,559

4,700

Creditors: Amounts falling due within one year

7

(345,927)

(311,777)

Net current liabilities

 

(325,368)

(307,077)

Net liabilities

 

(317,824)

(298,687)

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

(317,825)

(298,688)

Shareholders' deficit

 

(317,824)

(298,687)

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 February 2024 and signed on its behalf by:
 

 

THE AUDLEY INN LIMITED

trading as THE FIGHTING COCKS

(Registration number: 09055951)
Balance Sheet as at 31 May 2023

.........................................
MRS TRACEY BEAUFILS
Company secretary and director

.........................................
MR PAUL BEAUFILS
Director

 

THE AUDLEY INN LIMITED

trading as THE FIGHTING COCKS

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
THE FIGHTING COCKS
WENDENS AMBO
SAFFRON WALDEN
ESSEX
CB11 4JN

These financial statements were authorised for issue by the Board on 20 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

THE AUDLEY INN LIMITED

trading as THE FIGHTING COCKS

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

25% Reducing balance

I.T.

25% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

THE AUDLEY INN LIMITED

trading as THE FIGHTING COCKS

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

THE AUDLEY INN LIMITED

trading as THE FIGHTING COCKS

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 June 2022

5,000

5,000

At 31 May 2023

5,000

5,000

Amortisation

Carrying amount

At 31 May 2023

5,000

5,000

At 31 May 2022

5,000

5,000

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2022

25,726

25,726

At 31 May 2023

25,726

25,726

Depreciation

At 1 June 2022

22,336

22,336

Charge for the year

846

846

At 31 May 2023

23,182

23,182

Carrying amount

At 31 May 2023

2,544

2,544

At 31 May 2022

3,390

3,390

6

Debtors

Current

2023
£

2022
£

Other debtors

3,057

4,700

 

3,057

4,700

 

THE AUDLEY INN LIMITED

trading as THE FIGHTING COCKS

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

208

219

Other creditors

345,719

311,558

345,927

311,777

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1