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REGISTERED NUMBER: 07819871 (England and Wales)















The Riverside Tavern (Strood) Limited

Unaudited Financial Statements for the Year Ended 31 October 2023






The Riverside Tavern (Strood) Limited (Registered number: 07819871)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Riverside Tavern (Strood) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: L Gallacher





REGISTERED OFFICE: 5 London Road
Rainham
Kent
ME8 7RG





BUSINESS ADDRESS: 8 Canal Road
Strood
Kent
ME2 4DR





REGISTERED NUMBER: 07819871 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

The Riverside Tavern (Strood) Limited (Registered number: 07819871)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,846 14,135

CURRENT ASSETS
Inventories 6,500 5,500
Debtors 5 - 222
6,500 5,722
CREDITORS
Amounts falling due within one year 6 121,848 114,795
NET CURRENT LIABILITIES (115,348 ) (109,073 )
TOTAL ASSETS LESS CURRENT LIABILITIES (67,502 ) (94,938 )

CREDITORS
Amounts falling due after more than one
year

7

36,300

39,743
NET LIABILITIES (103,802 ) (134,681 )

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings (104,302 ) (135,181 )
SHAREHOLDERS' FUNDS (103,802 ) (134,681 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The Riverside Tavern (Strood) Limited (Registered number: 07819871)

Statement of Financial Position - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 July 2024 and were signed by:





L Gallacher - Director


The Riverside Tavern (Strood) Limited (Registered number: 07819871)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

The Riverside Tavern (Strood) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.
In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


The Riverside Tavern (Strood) Limited (Registered number: 07819871)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 24,067
Additions 39,437
At 31 October 2023 63,504
DEPRECIATION
At 1 November 2022 9,932
Charge for year 5,726
At 31 October 2023 15,658
NET BOOK VALUE
At 31 October 2023 47,846
At 31 October 2022 14,135

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 222

The Riverside Tavern (Strood) Limited (Registered number: 07819871)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,568 17,402
Hire purchase contracts 2,631 2,001
Trade creditors 57,379 46,509
Taxation and social security 23,942 27,698
Other creditors 15,328 21,185
121,848 114,795

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 28,075 28,886
Hire purchase contracts 8,225 10,857
36,300 39,743

8. OTHER FINANCIAL COMMITMENTS

The company has total other operating lease commitments at 31 October 2023 of £624,000.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
L Gallacher
Balance outstanding at start of year - 1,102
Amounts repaid - (1,102 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -