Fletcher George St Ltd 14243603 false 2022-07-19 2023-12-31 2023-12-31 The principal activity of the company is running a public house Digita Accounts Production Advanced 6.30.9574.0 true 14243603 2022-07-19 2023-12-31 14243603 2023-12-31 14243603 bus:OrdinaryShareClass1 2023-12-31 14243603 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 14243603 core:FurnitureFittingsToolsEquipment 2023-12-31 14243603 bus:SmallEntities 2022-07-19 2023-12-31 14243603 bus:AuditExemptWithAccountantsReport 2022-07-19 2023-12-31 14243603 bus:FullAccounts 2022-07-19 2023-12-31 14243603 bus:SmallCompaniesRegimeForAccounts 2022-07-19 2023-12-31 14243603 bus:RegisteredOffice 2022-07-19 2023-12-31 14243603 bus:Director2 2022-07-19 2023-12-31 14243603 bus:OrdinaryShareClass1 2022-07-19 2023-12-31 14243603 bus:PrivateLimitedCompanyLtd 2022-07-19 2023-12-31 14243603 core:FurnitureFittingsToolsEquipment 2022-07-19 2023-12-31 14243603 core:OfficeEquipment 2022-07-19 2023-12-31 14243603 countries:EnglandWales 2022-07-19 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14243603

Fletcher George St Ltd

trading as Queens Arms

Annual Report and Unaudited Financial Statements

for the Period from 19 July 2022 to 31 December 2023

 

Fletcher George St Ltd

trading as Queens Arms

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Fletcher George St Ltd

trading as Queens Arms

Company Information

Director

J T Fletcher

Registered office

Queens Arms
7-8 George St
Brighton
East Sussex
BN2 1RH

Accountants

Herbert Lewis Williams & Associates Limited
Chartered Certified Accountants
Leigh Court Business Centre
Abbots Leigh
Bristol
BS8 3RA

 

Fletcher George St Ltd

trading as Queens Arms

(Registration number: 14243603)
Balance Sheet as at 31 December 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

790

Current assets

 

Cash at bank and in hand

 

14,969

Creditors: Amounts falling due within one year

6

(35,445)

Net current liabilities

 

(20,476)

Net liabilities

 

(19,686)

Capital and reserves

 

Called up share capital

7

1

Retained earnings

(19,687)

Shareholders' deficit

 

(19,686)

For the financial period ending 31 December 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 members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 7 March 2024
 

.........................................
J T Fletcher
Director

 

Fletcher George St Ltd

trading as Queens Arms

Notes to the Unaudited Financial Statements for the Period from 19 July 2022 to 31 December 2023

1

General information

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

The address of its registered office is:
Queens Arms
7-8 George St
Brighton
East Sussex
BN2 1RH

These financial statements were authorised for issue by the director on 7 March 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.

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.

 

Fletcher George St Ltd

trading as Queens Arms

Notes to the Unaudited Financial Statements for the Period from 19 July 2022 to 31 December 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 and fittings

15% straight line basis

Office equipment

25% straight line basis

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 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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 the director) during the period, was 10.

 

Fletcher George St Ltd

trading as Queens Arms

Notes to the Unaudited Financial Statements for the Period from 19 July 2022 to 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

894

894

At 31 December 2023

894

894

Depreciation

Charge for the period

104

104

At 31 December 2023

104

104

Carrying amount

At 31 December 2023

790

790

5

Debtors

Current

2023
£

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

5,285

Taxation and social security

24,580

Accruals and deferred income

2,778

Other creditors

2,802

35,445

 

Fletcher George St Ltd

trading as Queens Arms

Notes to the Unaudited Financial Statements for the Period from 19 July 2022 to 31 December 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary share of £1 each

1

1