Rose & Crown Bristol Ltd 13419328 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is to operate the Rose & Crown public house in Bristol. Digita Accounts Production Advanced 6.30.9574.0 true true 13419328 2023-07-01 2024-06-30 13419328 2024-06-30 13419328 core:CurrentFinancialInstruments 2024-06-30 13419328 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 13419328 core:Non-currentFinancialInstruments 2024-06-30 13419328 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 13419328 core:LandBuildings core:ShortLeaseholdAssets 2024-06-30 13419328 core:MotorVehicles 2024-06-30 13419328 core:PlantMachinery 2024-06-30 13419328 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-06-30 13419328 core:OtherRelatedParties 2024-06-30 13419328 bus:SmallEntities 2023-07-01 2024-06-30 13419328 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13419328 bus:FilletedAccounts 2023-07-01 2024-06-30 13419328 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13419328 bus:RegisteredOffice 2023-07-01 2024-06-30 13419328 bus:Director1 2023-07-01 2024-06-30 13419328 bus:Director2 2023-07-01 2024-06-30 13419328 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13419328 core:LandBuildings core:ShortLeaseholdAssets 2023-07-01 2024-06-30 13419328 core:LeaseholdImprovements 2023-07-01 2024-06-30 13419328 core:MotorVehicles 2023-07-01 2024-06-30 13419328 core:PlantMachinery 2023-07-01 2024-06-30 13419328 core:KeyManagementPersonnel 2023-07-01 2024-06-30 13419328 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-07-01 2024-06-30 13419328 countries:EnglandWales 2023-07-01 2024-06-30 13419328 2023-06-30 13419328 core:LandBuildings core:ShortLeaseholdAssets 2023-06-30 13419328 core:MotorVehicles 2023-06-30 13419328 core:PlantMachinery 2023-06-30 13419328 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-06-30 13419328 2022-06-01 2023-06-30 13419328 2023-06-30 13419328 core:CurrentFinancialInstruments 2023-06-30 13419328 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 13419328 core:Non-currentFinancialInstruments 2023-06-30 13419328 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 13419328 core:LandBuildings core:ShortLeaseholdAssets 2023-06-30 13419328 core:MotorVehicles 2023-06-30 13419328 core:PlantMachinery 2023-06-30 13419328 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-06-30 13419328 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-06-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13419328

Rose & Crown Bristol Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Rose & Crown Bristol Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Rose & Crown Bristol Ltd

Company Information

Directors

Mr Christopher Ian Williams

Mr Ben Crispin Box Dossett

Registered office

Rose & Crown (Kingswood)
111 Two Mile Hill Road
Kingswood
Bristol
BS15 1BH

Accountants

Melrose (UK) Limited
8 St Mary Street
Thornbury
Bristol
BS35 2AB

 

Rose & Crown Bristol Ltd

(Registration number: 13419328)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

432,826

487,663

Current assets

 

Stocks

5

7,500

9,000

Debtors

6

26,672

105,084

Cash at bank and in hand

 

57,003

186,413

 

91,175

300,497

Creditors: Amounts falling due within one year

7

(124,680)

(361,568)

Net current liabilities

 

(33,505)

(61,071)

Total assets less current liabilities

 

399,321

426,592

Creditors: Amounts falling due after more than one year

7

(178,572)

(178,572)

Net assets

 

220,749

248,020

Capital and reserves

 

Called up share capital

8

321,430

321,430

Retained earnings

(100,681)

(73,410)

Shareholders' funds

 

220,749

248,020

For the financial year ending 30 June 2024 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.

Approved and authorised by the Board on 6 August 2024 and signed on its behalf by:
 

.........................................
Mr Christopher Ian Williams
Director

 

Rose & Crown Bristol Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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:
Rose & Crown (Kingswood)
111 Two Mile Hill Road
Kingswood
Bristol
BS15 1BH

These financial statements were authorised for issue by the Board on 6 August 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Rose & Crown Bristol Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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

Plant and machinery

20% straight line

Leasehold improvements

Equally over the lease term

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.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. 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.

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.

Borrowings

 

Rose & Crown Bristol Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 directors) during the year, was 22 (2023 - 17).

 

Rose & Crown Bristol Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Leasehold improvements
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

453,182

96,840

-

550,022

Additions

-

6,726

4,536

11,262

At 30 June 2024

453,182

103,566

4,536

561,284

Depreciation

At 1 July 2023

45,442

16,917

-

62,359

Charge for the year

45,318

19,899

882

66,099

At 30 June 2024

90,760

36,816

882

128,458

Carrying amount

At 30 June 2024

362,422

66,750

3,654

432,826

At 30 June 2023

407,740

79,923

-

487,663

Included within the net book value of leasehold improvements above is £362,422 (2023 - £407,740) in respect of short leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

7,500

9,000

6

Debtors

Current

2024
£

2023
£

Prepayments

835

971

Other debtors

25,837

104,113

 

26,672

105,084

 

Rose & Crown Bristol Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

3,019

269

Trade creditors

 

12,855

18,382

Taxation and social security

 

33,377

3,642

Accruals and deferred income

 

4,102

3,382

Other creditors

10

71,327

335,893

 

124,680

361,568

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

178,572

178,572

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share capital of £1 each

2

2

2

2

Preference share capital of £1 each

500,000

500,000

500,000

500,000

500,002

500,002

500,002

500,002

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

178,572

178,572

Current loans and borrowings

2024
£

2023
£

Other borrowings

3,019

269

Other borrowings

The carrying amount of the non-redeemable preference shares at year end is £181,591 (2023 - £178,841).

 

Rose & Crown Bristol Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

10

Related party transactions

Other related parties refers to a company under the control of a 50% shareholder and director of Rose & Crown Bristol Ltd.

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

54,225

48,600

Expenditure with and payables to related parties

2024

Other related parties
£

Amounts payable to related party

59,769

Loans from related parties

2024

Key management
£

Total
£

At start of period

14,423

14,423

Repaid

(3,348)

(3,348)

At end of period

11,075

11,075

2023

Key management
£

Total
£

Advanced

14,423

14,423

At end of period

14,423

14,423

Terms of loans from related parties

0% interest