Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31true2021-10-01falseThe principal activity of the company continued to be that of management of hotels and similar accommodations.22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10512059 2021-10-01 2023-03-31 10512059 2020-10-01 2021-09-30 10512059 2023-03-31 10512059 2021-09-30 10512059 c:Director1 2021-10-01 2023-03-31 10512059 d:Buildings d:ShortLeaseholdAssets 2021-10-01 2023-03-31 10512059 d:Buildings d:ShortLeaseholdAssets 2023-03-31 10512059 d:Buildings d:ShortLeaseholdAssets 2021-09-30 10512059 d:FurnitureFittings 2021-10-01 2023-03-31 10512059 d:FurnitureFittings 2023-03-31 10512059 d:FurnitureFittings 2021-09-30 10512059 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-10-01 2023-03-31 10512059 d:ComputerEquipment 2021-10-01 2023-03-31 10512059 d:ComputerEquipment 2023-03-31 10512059 d:ComputerEquipment 2021-09-30 10512059 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-10-01 2023-03-31 10512059 d:OwnedOrFreeholdAssets 2021-10-01 2023-03-31 10512059 d:CurrentFinancialInstruments 2023-03-31 10512059 d:CurrentFinancialInstruments 2021-09-30 10512059 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10512059 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 10512059 d:ShareCapital 2023-03-31 10512059 d:ShareCapital 2021-09-30 10512059 d:RetainedEarningsAccumulatedLosses 2023-03-31 10512059 d:RetainedEarningsAccumulatedLosses 2021-09-30 10512059 c:OrdinaryShareClass1 2021-10-01 2023-03-31 10512059 c:OrdinaryShareClass1 2023-03-31 10512059 c:OrdinaryShareClass1 2021-09-30 10512059 c:FRS102 2021-10-01 2023-03-31 10512059 c:AuditExempt-NoAccountantsReport 2021-10-01 2023-03-31 10512059 c:FullAccounts 2021-10-01 2023-03-31 10512059 c:PrivateLimitedCompanyLtd 2021-10-01 2023-03-31 10512059 e:PoundSterling 2021-10-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10512059












PUB & ROOMS (LB) LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2023

 
PUB & ROOMS (LB) LIMITED
REGISTERED NUMBER:10512059

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
30 September
2023
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
522,539
628,230

  
522,539
628,230

Current assets
  

Debtors: amounts falling due within one year
 5 
143,179
306,664

Cash at bank
 6 
1,793
13,513

  
144,972
320,177

Creditors: amounts falling due within one year
 7 
(851,820)
(1,102,058)

Net current liabilities
  
 
 
(706,848)
 
 
(781,881)

Total assets less current liabilities
  
(184,309)
(153,651)

Provisions for liabilities
  

Deferred tax
  
(7,202)
-

  
 
 
(7,202)
 
 
-

Net liabilities
  
(191,511)
(153,651)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(191,611)
(153,751)

  
(191,511)
(153,651)


Page 1

 
PUB & ROOMS (LB) LIMITED
REGISTERED NUMBER:10512059
    
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

Page 2

 
PUB & ROOMS (LB) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Pub & Rooms (LB) Limited is a private company, limited by shares, registered in England and Wales, registration number 10512059. The registered office address is 18 Bristol Gardens, London, W9 2JQ. 
 
The principal activity of the company continued to be that of management of hotels and similar accommodations.
On 20 June 2023, the accounting reference date of the company was extended from 30 September 2022 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

Going concern

On the basis of information and enquiries that are pertinent to the company’s circumstances and which the directors believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular the directors believe that adequate cash resources will be available to cover the company’s requirements for working capital for at least twelve months from the date of signing the financial statements.

  
2.3

Functional and presentational currency

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

 
2.4

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 rental income is recognised at the rental due date.

 
2.5

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.

Temporary rent concessions occurring as a direct consequence of the COVID-19 pandemic have been recognised on a systematic basis over the periods that the change in lease payments is intended to compensate. This is conditional on:

the change in lease payments resulting in revised consideration for the lease that is less than the consideration for the lease immediately preceding the change;
any reduction in lease payments affecting only payments originally due on or before 30 June 2022;
there being no significant change to other terms and conditions of the lease.

Page 3

 
PUB & ROOMS (LB) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

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.

Depreciation is provided on the following basis:

Short-term leasehold property
-
5%
over the term of the lease
Fixtures and fittings
-
10%
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.

 
2.7

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.

 
2.8

Cash

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

 
2.9

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

 Financial instruments

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

Page 4

 
PUB & ROOMS (LB) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.11

 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.


3.


Employees




The average monthly number of employees, including directors, during the period was 2 (2021 - 2).

Page 5

 
PUB & ROOMS (LB) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Tangible fixed assets







 Leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost 


At 1 October 2021
461,138
470,810
13,666
945,614


Additions
-
10,507
-
10,507



At 31 March 2023

461,138
481,317
13,666
956,121



Depreciation


At 1 October 2021
95,170
209,613
12,601
317,384


Charge for the period
38,566
76,635
997
116,198



At 31 March 2023

133,736
286,248
13,598
433,582



Net book value



At 31 March 2023
327,402
195,069
68
522,539



At 30 September 2021
365,968
261,197
1,065
628,230


5.


Debtors

31 March
30 September
2023
2021
£
£


Amounts owed by connected entities
98,227
257,679

Other debtors
532
-

Called up share capital not paid
100
100

Prepayments
44,320
44,320

Deferred taxation
-
4,565

143,179
306,664



6.


Cash

31 March
30 September
2023
2021
£
£

Cash at bank
1,793
13,513


Page 6

 
PUB & ROOMS (LB) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Creditors: amounts falling due within one year

31 March
30 September
2023
2021
£
£

Trade creditors
-
261,300

Amounts owed to connected entities
849,070
814,069

Other taxation and social security
-
24,189

Accruals
2,750
2,500

851,820
1,102,058


HSBC Bank PLC holds a charge containing a negative pledge over the leasehold assets of the company in respect of all the amount due from the company which was satisfied in the period.


8.


Share capital

31 March
30 September
2023
2021
£
£
Allotted, called up and unpaid



100 (2021 - 100) Ordinary shares of £1.00 each
100
100

Each share has full rights in the company with respect to voting, dividends and distributions.


9.


Commitments under operating leases

At 31 March 2023, the company had future minimum lease payments under non-cancellable operating leases £4,070,543 (2021 - £4,389,356).


10.

Controlling party

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

 
Page 7