Silverfin false false 31/07/2023 01/08/2022 31/07/2023 H Campbell 17/01/2020 S Eves 14/08/2022 01/08/2020 12 February 2024 The principal activity of the Company during the financial year was that of hospitality. 12409640 2023-07-31 12409640 bus:Director1 2023-07-31 12409640 bus:Director2 2023-07-31 12409640 2022-07-31 12409640 core:CurrentFinancialInstruments 2023-07-31 12409640 core:CurrentFinancialInstruments 2022-07-31 12409640 core:Non-currentFinancialInstruments 2023-07-31 12409640 core:Non-currentFinancialInstruments 2022-07-31 12409640 core:ShareCapital 2023-07-31 12409640 core:ShareCapital 2022-07-31 12409640 core:RetainedEarningsAccumulatedLosses 2023-07-31 12409640 core:RetainedEarningsAccumulatedLosses 2022-07-31 12409640 core:Goodwill 2022-07-31 12409640 core:Goodwill 2023-07-31 12409640 core:PlantMachinery 2022-07-31 12409640 core:OfficeEquipment 2022-07-31 12409640 core:PlantMachinery 2023-07-31 12409640 core:OfficeEquipment 2023-07-31 12409640 2022-08-01 2023-07-31 12409640 bus:FilletedAccounts 2022-08-01 2023-07-31 12409640 bus:SmallEntities 2022-08-01 2023-07-31 12409640 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12409640 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12409640 bus:Director1 2022-08-01 2023-07-31 12409640 bus:Director2 2022-08-01 2023-07-31 12409640 core:Goodwill core:TopRangeValue 2022-08-01 2023-07-31 12409640 core:PlantMachinery 2022-08-01 2023-07-31 12409640 core:OfficeEquipment 2022-08-01 2023-07-31 12409640 2021-08-01 2022-07-31 12409640 core:Goodwill 2022-08-01 2023-07-31 12409640 core:Non-currentFinancialInstruments 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Company No: 12409640 (England and Wales)

ROSE & CROWN INN LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

ROSE & CROWN INN LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

ROSE & CROWN INN LIMITED

BALANCE SHEET

As at 31 July 2023
ROSE & CROWN INN LIMITED

BALANCE SHEET (continued)

As at 31 July 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 8,400 9,600
Tangible assets 4 18,711 24,268
27,111 33,868
Current assets
Stocks 5 12,080 4,395
Debtors 6 32,774 1,329
Cash at bank and in hand 50,547 99,123
95,401 104,847
Creditors: amounts falling due within one year 7 ( 40,996) ( 37,439)
Net current assets 54,405 67,408
Total assets less current liabilities 81,516 101,276
Creditors: amounts falling due after more than one year 8 0 ( 38,930)
Net assets 81,516 62,346
Capital and reserves
Called-up share capital 100 100
Profit and loss account 81,416 62,246
Total shareholder's funds 81,516 62,346

For the financial year ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Rose & Crown Inn Limited (registered number: 12409640) were approved and authorised for issue by the Director on 12 February 2024. They were signed on its behalf by:

H Campbell
Director
ROSE & CROWN INN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
ROSE & CROWN INN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rose & Crown Inn Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 178 Wareham Rd, Lytchett Matravers, Poole, BH16 6DT.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 17 13

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 August 2022 12,000 12,000
At 31 July 2023 12,000 12,000
Accumulated amortisation
At 01 August 2022 2,400 2,400
Charge for the financial year 1,200 1,200
At 31 July 2023 3,600 3,600
Net book value
At 31 July 2023 8,400 8,400
At 31 July 2022 9,600 9,600

4. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 August 2022 41,257 345 41,602
Additions 528 0 528
At 31 July 2023 41,785 345 42,130
Accumulated depreciation
At 01 August 2022 17,218 116 17,334
Charge for the financial year 6,028 57 6,085
At 31 July 2023 23,246 173 23,419
Net book value
At 31 July 2023 18,539 172 18,711
At 31 July 2022 24,039 229 24,268

5. Stocks

2023 2022
£ £
Stocks 12,080 4,395

6. Debtors

2023 2022
£ £
Other debtors 32,774 1,329

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 0 5,184
Trade creditors 5,148 4,313
Taxation and social security 29,047 22,354
Other creditors 6,801 5,588
40,996 37,439

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 0 38,930

There are no amounts included above in respect of which any security has been given by the small entity.

9. Related party transactions

Transactions with the entity's director

2023 2022
£ £
H Campbell 30,952 0