Brudenell Social Club Limited 12363496 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Public house Digita Accounts Production Advanced 6.30.9574.0 true 12363496 2023-01-01 2023-12-31 12363496 2023-12-31 12363496 bus:OrdinaryShareClass1 2023-12-31 12363496 core:RetainedEarningsAccumulatedLosses 2023-12-31 12363496 core:ShareCapital 2023-12-31 12363496 core:CurrentFinancialInstruments 2023-12-31 12363496 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12363496 core:FurnitureFittings 2023-12-31 12363496 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 12363496 bus:SmallEntities 2023-01-01 2023-12-31 12363496 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12363496 bus:FilletedAccounts 2023-01-01 2023-12-31 12363496 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12363496 bus:RegisteredOffice 2023-01-01 2023-12-31 12363496 bus:Director2 2023-01-01 2023-12-31 12363496 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 12363496 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12363496 core:Buildings 2023-01-01 2023-12-31 12363496 core:FurnitureFittings 2023-01-01 2023-12-31 12363496 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12363496 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-01-01 2023-12-31 12363496 6 2023-01-01 2023-12-31 12363496 countries:England 2023-01-01 2023-12-31 12363496 2022-12-31 12363496 core:FurnitureFittings 2022-12-31 12363496 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 12363496 2022-01-01 2022-12-31 12363496 2022-12-31 12363496 bus:OrdinaryShareClass1 2022-12-31 12363496 core:RetainedEarningsAccumulatedLosses 2022-12-31 12363496 core:ShareCapital 2022-12-31 12363496 core:CurrentFinancialInstruments 2022-12-31 12363496 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12363496 core:FurnitureFittings 2022-12-31 12363496 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12363496

Brudenell Social Club Limited

Information for Filing with The Registrar

31 December 2023

 

Brudenell Social Club Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Accounts

3 to 7

 

Brudenell Social Club Limited

(Registration number: 12363496)

Balance Sheet

31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,448,667

1,228,566

Current assets

 

Stocks

5

42,581

27,526

Debtors

6

55,920

56,789

Cash at bank and in hand

 

501,692

752,840

 

600,193

837,155

Creditors: Amounts falling due within one year

7

(401,506)

(782,826)

Net current assets

 

198,687

54,329

Total assets less current liabilities

 

1,647,354

1,282,895

Provisions for liabilities

(50,200)

(30,900)

Net assets

 

1,597,154

1,251,995

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

1,597,152

1,251,993

Shareholders' funds

 

1,597,154

1,251,995

For the financial year ending 31 December 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.

 

Brudenell Social Club Limited

(Registration number: 12363496)

Balance Sheet

31 December 2023

Approved and authorised by the Board on 16 July 2024 and signed on its behalf by:




S.N. Rossiter

Director

 

Brudenell Social Club Limited

Notes to the Unaudited Accounts

Year Ended 31 December 2023

1

General information

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

The address of its registered office is:
Brudenell Social Club
33 Queens Road
Hyde Park
Leeds
LS6 1NY

These financial statements were authorised for issue by the Board on 16 July 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.

Government grants

Government grants are recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Other grants

Arts Council Grants are recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

 

Brudenell Social Club Limited

Notes to the Unaudited Accounts

Year Ended 31 December 2023

Tax

The tax expense for the period comprises corporation and deferred tax.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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.

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

Freehold buildings

50 years straight line basis

Fixtures and fittings

10 years 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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Brudenell Social Club Limited

Notes to the Unaudited Accounts

Year Ended 31 December 2023

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 during the year, was 42 (2022 - 41).

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 January 2023

1,057,590

312,380

1,369,970

Additions

186,214

99,557

285,771

At 31 December 2023

1,243,804

411,937

1,655,741

Depreciation

At 1 January 2023

58,629

82,775

141,404

Charge for the year

24,476

41,194

65,670

At 31 December 2023

83,105

123,969

207,074

Carrying amount

At 31 December 2023

1,160,699

287,968

1,448,667

At 31 December 2022

998,961

229,605

1,228,566

Included within the net book value of land and buildings above is £1,160,699 (2022 - £998,961) in respect of freehold land and buildings.
 

5

Stocks

2023
£

2022
£

Other inventories

42,581

27,526

 

Brudenell Social Club Limited

Notes to the Unaudited Accounts

Year Ended 31 December 2023

6

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

9

51,562

52,602

Prepayments

 

4,354

4,187

Other debtors

 

4

-

   

55,920

56,789

7

Creditors

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

40,408

31,234

Amounts due to related parties

9

161,954

462,031

Taxation and social security

 

186,518

279,971

Other creditors

 

12,626

9,590

 

401,506

782,826

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

         
 

Brudenell Social Club Limited

Notes to the Unaudited Accounts

Year Ended 31 December 2023

9

Related party transactions

Summary of transactions with entities with joint control or significant interest

Brudenell Presents Limited, Black Night Orangery Limited & Black Night Trading Limited.

N.S. Clark and S.N. Rossiter are directors of Brudenell Presents Limited, Black Night Orangery Limited and Black Night Trading Limited. They are the shareholders of Brudenell Presents Limited and Black Night Orangery Limited. Brudenell Presents Ltd owns 50% of the shares in Black Night Trading Limited.

 
At the balance sheet date the amount due to Brudenell Presents Limited was £2,040 (2022- (£1,000)), the amount due from Black Night Orangery Limited was £52,000 (2022 - £50,000) and the amount due from Black Night Trading Limited was £1,602 (2022 - £1,602).