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ROSEBERRY TAVERNS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2023






ROSEBERRY TAVERNS LIMITED (REGISTERED NUMBER: 03930518)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROSEBERRY TAVERNS LIMITED

COMPANY INFORMATION
for the Year Ended 28th February 2023







DIRECTORS: Mrs S A Lennon
T Lennon





REGISTERED OFFICE: Liverpool Road Studios
Suites 3 and 4
113 Liverpool Road
Crosby
Merseyside
L23 5TD





REGISTERED NUMBER: 03930518 (England and Wales)





ACCOUNTANTS: Garner & Associates Ltd
Liverpool Road Studios
Suites 3 & 4
113 Liverpool Road
Crosby
Merseyside
L23 5TD

ROSEBERRY TAVERNS LIMITED (REGISTERED NUMBER: 03930518)

BALANCE SHEET
28th February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 926,548 932,708
Investment property 6 250,000 250,000
1,176,548 1,182,708

CURRENT ASSETS
Stocks 5,000 438,454
Debtors 7 600 600
Cash at bank and in hand 64,805 48,608
70,405 487,662
CREDITORS
Amounts falling due within one year 8 32,205 105,762
NET CURRENT ASSETS 38,200 381,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,214,748

1,564,608

CREDITORS
Amounts falling due after more than one
year

9

1,215,524

1,644,399
NET LIABILITIES (776 ) (79,791 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (876 ) (79,891 )
SHAREHOLDERS' FUNDS (776 ) (79,791 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ROSEBERRY TAVERNS LIMITED (REGISTERED NUMBER: 03930518)

BALANCE SHEET - continued
28th February 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 Board of Directors and authorised for issue on 1st February 2024 and were signed on its behalf by:





T Lennon - Director


ROSEBERRY TAVERNS LIMITED (REGISTERED NUMBER: 03930518)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28th February 2023

1. STATUTORY INFORMATION

Roseberry Taverns 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.

The financial statements have been prepared on the going concern basis, this assumes the company will continue in operational existence for the foreseeable future which is dependant on the financial support of the directors who were owed £970,519 at the end of the financial year.

Critical accounting judgements and key sources of estimation uncertainty
Preparation of the financial statements requires management to make significant judgements and estimates. The areas in the financial statements where these judgements and estimates have been made include:

Fair value of freehold and investment property.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life life of six years (formerly twenty years).

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


ROSEBERRY TAVERNS LIMITED (REGISTERED NUMBER: 03930518)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28th February 2023

2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and loans to third parties.

Debt instruments (other than those wholly repayable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognized in the income statement and retained earnings.

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

Finance costs
Finance costs are charged to the income statement and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognized as a reduction in the proceeds of the associated capital instrument.

3. EMPLOYEES AND DIRECTORS

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

ROSEBERRY TAVERNS LIMITED (REGISTERED NUMBER: 03930518)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28th February 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2022
and 28th February 2023 300,000
AMORTISATION
At 1st March 2022
and 28th February 2023 300,000
NET BOOK VALUE
At 28th February 2023 -
At 28th February 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1st March 2022
and 28th February 2023 901,908 348,681 1,250,589
DEPRECIATION
At 1st March 2022 - 317,881 317,881
Charge for year - 6,160 6,160
At 28th February 2023 - 324,041 324,041
NET BOOK VALUE
At 28th February 2023 901,908 24,640 926,548
At 28th February 2022 901,908 30,800 932,708

Freehold property is not being depreciated as the fair value is not less than cost.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2022
and 28th February 2023 250,000
NET BOOK VALUE
At 28th February 2023 250,000
At 28th February 2022 250,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 600 600

ROSEBERRY TAVERNS LIMITED (REGISTERED NUMBER: 03930518)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28th February 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 1,721 4,016
Taxation and social security 25,747 26,286
Other creditors 4,737 75,460
32,205 105,762

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 33,876 43,802
Directors loans 970,519 1,273,718
Other creditors 211,129 326,879
1,215,524 1,644,399

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 10,000 10,000
Other loans more 5yrs non-inst 211,129 211,129
221,129 221,129

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 33,876 43,802
Hire purchase contracts 1,721 4,016
35,597 47,818

Bank loan and overdrafts are secured on the company's freehold property.

Other loans are secured on the company's freehold and investment property.

Hire purchase contracts are secured on the assents acquired.

11. ULTIMATE CONTROLLING PARTY

The company became a wholly owned subsidiary of Hartington Capital Holdings Limited on 6th November 2020 when that company obtained 100% of the issued share capital.