Registered number
14176921
Proper Nights Out Limited
Unaudited Filleted Accounts
30 June 2023
Proper Nights Out Limited
Registered number: 14176921
Balance Sheet
as at 30 June 2023
Notes 2023
£
Current assets
Debtors 4 768
Cash at bank and in hand 6
774
Creditors: amounts falling due within one year 5 (1,322)
Net current liabilities (548)
Net liabilities (548)
Capital and reserves
Called up share capital 100
Profit and loss account (648)
Shareholders' funds (548)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dylan Edwards
Director
Approved by the board on 14 March 2024
Proper Nights Out Limited
Notes to the Accounts
for the period from 16 June 2022 to 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
2 Going Concern
The accounts show net liabilities. The directors still consider it appropriate that the financial statements are prepared on a going concern basis as the directors continue to support the business financially.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
3 Employees 2023
Number
Average number of persons employed by the company 0
4 Debtors 2023
£
Overdrawn director's loan account - Dylan 768
5 Creditors: amounts falling due within one year 2023
£
Other creditors 1,322
7 Transactions with Directors
During the year, Mr Dylan Edwards and Mr Joseph Gullis, as Directors and Shareholders, used current accounts with the company to record amounts due to them and amounts drawn by them.

During the year to 30th June 2023, Mr Edwards had an overdrawn directors loan account showing an amount owed back to the company of £768.28. This will be repaid to the business within 9 months of the yearend.

During the year to 30th June 2023, Mr Gullis had an amount owed back to him of £122.33. This is repayable on demand and does not carry interest.
8 Controlling party
Mr Dylan Edwards owns 50% & Mr Joseph Gullis owns 50% of the share capital of the company and therefore they are jointly the company's ultimate controlling party.
9 Other information
Proper Nights Out Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Old Bank
Beaufort Street
Crickhowell
Powys
NP81AD
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