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REGISTERED NUMBER: 07288637 (England and Wales)


















RHOS PUBS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






RHOS PUBS LIMITED (REGISTERED NUMBER: 07288637)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RHOS PUBS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J J Tilley Esq





REGISTERED OFFICE: First Floor Suite
23 Trinity Square
LLANDUDNO
Conwy
LL30 2RH





REGISTERED NUMBER: 07288637 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

RHOS PUBS LIMITED (REGISTERED NUMBER: 07288637)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 107,187 101,297
107,187 101,297

CURRENT ASSETS
Stocks 8,747 8,102
Debtors 6 43,370 43,414
Cash at bank and in hand 48,905 88,359
101,022 139,875
CREDITORS
Amounts falling due within one year 7 111,795 142,146
NET CURRENT LIABILITIES (10,773 ) (2,271 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,414

99,026

CREDITORS
Amounts falling due after more than one year 8 (41,863 ) (53,595 )

PROVISIONS FOR LIABILITIES 9 (14,418 ) (13,052 )
NET ASSETS 40,133 32,379

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 40,033 32,279
SHAREHOLDERS' FUNDS 40,133 32,379

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

RHOS PUBS LIMITED (REGISTERED NUMBER: 07288637)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 16 August 2024 and were signed by:





J J Tilley Esq - Director


RHOS PUBS LIMITED (REGISTERED NUMBER: 07288637)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Rhos Pubs 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.

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.

Revenue recognition
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 2012, is being amortised evenly over its estimated useful life of ten 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.
Short leasehold improvements - not provided
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

An assessment of the net realisable value of the short leasehold improvements based on current carrying amount has been undertaken. On the basis that the short leasehold improvements will be well maintained and such repair costs will be charged to the profit and loss account, it is the view of the directors that the net realisable value equates to the carrying amount. Consequently, no depreciation charge is deemed necessary.

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

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.


RHOS PUBS LIMITED (REGISTERED NUMBER: 07288637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

Pension costs and other post-retirement benefits
The company makes pension contributions on behalf of directors and staff. Contributions paid during the year are charged to the profit and loss account.

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price 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.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 240,999
AMORTISATION
At 1 January 2023
and 31 December 2023 240,999
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

RHOS PUBS LIMITED (REGISTERED NUMBER: 07288637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Short Fixtures
leasehold and Motor Computer
improvements fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 25,371 223,898 4,840 29,861 283,970
Additions - 19,653 - 1,922 21,575
At 31 December 2023 25,371 243,551 4,840 31,783 305,545
DEPRECIATION
At 1 January 2023 - 152,155 4,356 26,162 182,673
Charge for year - 13,709 121 1,855 15,685
At 31 December 2023 - 165,864 4,477 28,017 198,358
NET BOOK VALUE
At 31 December 2023 25,371 77,687 363 3,766 107,187
At 31 December 2022 25,371 71,743 484 3,699 101,297

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by related parties 85 -
Other debtors 15,942 15,492
Directors' current accounts 2,751 -
Prepayments 24,592 27,922
43,370 43,414

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,500 10,400
Other loans 824 800
Trade creditors 30,152 63,228
Amounts owed to related party 13,050 15,690
Tax 685 -
Social security and other taxes 24,289 22,072
Directors' current accounts - 290
Accruals 32,295 29,666
111,795 142,146

RHOS PUBS LIMITED (REGISTERED NUMBER: 07288637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 41,863 52,538
Other loans - 1,057
41,863 53,595

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 14,418 13,052

Deferred
tax
£   
Balance at 1 January 2023 13,052
Accelerated capital allowances 1,366
Balance at 31 December 2023 14,418

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
J J Tilley Esq
Balance outstanding at start of year - -
Amounts advanced 2,751 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,751 -