BrightAccountsProduction v1.0.0 v1.0.0 2022-11-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity is that of a licenced public house. 29 July 2024 5 5 NI664494 2023-10-31 NI664494 2022-10-31 NI664494 2021-10-31 NI664494 2022-11-01 2023-10-31 NI664494 2021-11-01 2022-10-31 NI664494 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 NI664494 uk-curr:PoundSterling 2022-11-01 2023-10-31 NI664494 uk-bus:AbridgedAccounts 2022-11-01 2023-10-31 NI664494 uk-core:ShareCapital 2023-10-31 NI664494 uk-core:ShareCapital 2022-10-31 NI664494 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI664494 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 NI664494 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-10-31 NI664494 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-10-31 NI664494 uk-bus:FRS102 2022-11-01 2023-10-31 NI664494 uk-core:Buildings 2022-11-01 2023-10-31 NI664494 uk-core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 NI664494 2022-11-01 2023-10-31 NI664494 uk-bus:Director1 2022-11-01 2023-10-31 NI664494 uk-bus:Director2 2022-11-01 2023-10-31 NI664494 uk-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI664494
 
 
LER Pubs Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 October 2023
LER Pubs Ltd
Company Registration Number: NI664494
ABRIDGED BALANCE SHEET
as at 31 October 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 56,360 65,767
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Current Assets
Stocks 10,450 9,250
Debtors 18,750 18,750
Cash and cash equivalents 43,732 40,506
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72,932 68,506
───────── ─────────
Creditors: amounts falling due within one year (58,157) (42,890)
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Net Current Assets 14,775 25,616
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Total Assets less Current Liabilities 71,135 91,383
 
Creditors:
amounts falling due after more than one year (51,051) (80,789)
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Net Assets 20,084 10,594
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Capital and Reserves
Called up share capital 100 100
Retained earnings 19,984 10,494
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Shareholders' Funds 20,084 10,594
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 29 July 2024 and signed on its behalf by
           
           
________________________________          
Mr. Enda Murray          
Director          
           
           
________________________________
Mr. Ronan Murray
Director
           



LER Pubs Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 October 2023

   
1. General Information
 
LER Pubs Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI664494. The registered office of the company is 2 Church Street, Ballygawley, Co. Tyrone, BT70 2HB, United Kingdom. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 October 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Short leasehold property - 10% Straight line
  Fixtures, fittings and equipment - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 5, (2022 - 5).
 
  2023 2022
  Number Number
 
Administrative 5 5
  ═════════ ═════════
         
4. Tangible assets
  Short Fixtures, Total
  leasehold fittings and  
  property equipment  
  £ £ £
Cost
At 1 November 2022 81,250 6,410 87,660
  ───────── ───────── ─────────
 
At 31 October 2023 81,250 6,410 87,660
  ───────── ───────── ─────────
Depreciation
At 1 November 2022 18,958 2,935 21,893
Charge for the financial year 8,125 1,282 9,407
  ───────── ───────── ─────────
At 31 October 2023 27,083 4,217 31,300
  ───────── ───────── ─────────
Net book value
At 31 October 2023 54,167 2,193 56,360
  ═════════ ═════════ ═════════
At 31 October 2022 62,292 3,475 65,767
  ═════════ ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 October 2023.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.