Sarah Siddons Brecon Ltd 11407615 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is public house & bar. Digita Accounts Production Advanced 6.30.9574.0 true true 11407615 2022-07-01 2023-06-30 11407615 2023-06-30 11407615 bus:OrdinaryShareClass1 2023-06-30 11407615 bus:Original 2023-06-30 11407615 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11407615 core:Non-currentFinancialInstruments 2023-06-30 11407615 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 11407615 bus:SmallEntities 2022-07-01 2023-06-30 11407615 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 11407615 bus:FullAccounts 2022-07-01 2023-06-30 11407615 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 11407615 bus:RegisteredOffice 2022-07-01 2023-06-30 11407615 bus:Director1 2022-07-01 2023-06-30 11407615 bus:Director2 2022-07-01 2023-06-30 11407615 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 11407615 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11407615 countries:AllCountries 2022-07-01 2023-06-30 11407615 2021-07-01 2022-06-30 11407615 2022-06-30 11407615 bus:OrdinaryShareClass1 2022-06-30 11407615 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 11407615 core:Non-currentFinancialInstruments 2022-06-30 11407615 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11407615

Sarah Siddons Brecon Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Sarah Siddons Brecon Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Sarah Siddons Brecon Ltd

Company Information

Directors

Michelle Cottle

I Cottle

Registered office

Kings Arms Vaults
Watton
Brecon
Powys
LD3 7EF

Accountants

King Morter Proud & Co Limited
Chartered Accountants
Kings Arms Vaults
Watton
Brecon
Powys
LD3 7EF

 

Sarah Siddons Brecon Ltd

(Registration number: 11407615)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

992

254

Creditors: Amounts falling due within one year

5

(2,569)

(2,764)

Total assets less current liabilities

 

(1,577)

(2,510)

Creditors: Amounts falling due after more than one year

5

(9,614)

(11,321)

Net liabilities

 

(11,191)

(13,831)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(11,291)

(13,931)

Shareholders' deficit

 

(11,191)

(13,831)

For the financial year ending 30 June 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 19 February 2024 and signed on its behalf by:
 

.........................................
I Cottle
Director

 

Sarah Siddons Brecon Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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:
Kings Arms Vaults
Watton
Brecon
Powys
LD3 7EF

These financial statements were authorised for issue by the Board on 19 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.

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.

 

Sarah Siddons Brecon Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2022 - 9).

4

Debtors

Current

2023
£

2022
£

 

-

-

 

Sarah Siddons Brecon Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,619

1,619

Other creditors

950

1,145

2,569

2,764

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

9,614

11,321

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

9,614

11,321

8

Related party transactions

 

Sarah Siddons Brecon Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

18,410

17,986