Registered number
07187509
The Joiners Arms (Bloxham) Limited
Unaudited Filleted Accounts
30 June 2024
The Joiners Arms (Bloxham) Limited
Registered number: 07187509
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 5 - 712,563
Current assets
Stocks - 10,726
Debtors 6 105 8,924
Cash at bank and in hand 169,877 33,990
169,982 53,640
Creditors: amounts falling due within one year 7 (56,535) (267,394)
Net current assets/(liabilities) 113,447 (213,754)
Total assets less current liabilities 113,447 498,809
Creditors: amounts falling due after more than one year 8 - (431,422)
Provisions for liabilities - (5,828)
Net assets 113,447 61,559
Capital and reserves
Called up share capital 2 2
Profit and loss account 113,445 61,557
Shareholders' funds 113,447 61,559
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Page
Director
Approved by the board on 22 August 2024
The Joiners Arms (Bloxham) Limited
Notes to the Accounts
for the period from 1 May 2023 to 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The directors have considered the current bank balances, available facilities and are confident that the company will be able to meet its debts as they fall due after the approval of these financial statements. Following the cessation of trade in the year, the financial statements have not been prepared on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Government grants
Grant income is accounted for on an accruals basis.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Exceptional items 2024 2023
£ £
Profit on the sale of fixed assets 94,692 -
94,692 -
On 21st May 2024, the company sold all the trading assets and ceased to trade, resulting in a profit on disposal of £94,692.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 23 21
4 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 70,000
Disposals (70,000)
At 30 June 2024 -
Amortisation
At 1 May 2023 70,000
On disposals (70,000)
At 30 June 2024 -
Net book value
At 30 June 2024 -
Goodwill was written off in equal annual instalments over its estimated economic life of 10 years.
5 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 680,173 93,268 773,441
Additions - 9,232 9,232
Disposals (680,173) (102,500) (782,673)
At 30 June 2024 - - -
Depreciation
At 1 May 2023 - 60,878 60,878
Charge for the period - 12,301 12,301
On disposals - (73,179) (73,179)
At 30 June 2024 - - -
Net book value
At 30 June 2024 - - -
At 30 April 2023 680,173 32,390 712,563
6 Debtors 2024 2023
£ £
Trade debtors - 8,569
Other debtors 105 355
105 8,924
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 27,496
Trade creditors 38 30,726
Taxation and social security costs 36,615 38,749
Other creditors - 700
Directors' account 4,962 146,939
Accruals & deferred income 14,920 22,784
56,535 267,394
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 431,422
9 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years - 302,912
Secured bank loans - 416,178
The above loans were secured by a fixed charge over the freehold property at The Red Lion, High Street, Bloxham and its associated assets. All charges have been satisfied during the period.
10 Share capital 2024 2023
£ £
Allotted, called up share capital which has been paid up
2 ordinary shares of £1 each 2 2
2 2
11 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases - 633
12 Related party transactions
During the period, M Page and S Page, directors of the company, jointly advanced funds to the company, for which there are no fixed terms of repayment. Interest of £14,629 (2023: £14,045) has been charged at 10% on this loan in the year. The amount owed to the related party at the year end is £4,962 (2023: £146,939).
13 Controlling party
The company is owned and controlled in cohort by its two shareholders and directors M Page and S Page.
14 Other information
The Joiners Arms (Bloxham) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Gilmarde House
47 South Bar Street
Banbury
Oxfordshire
OX16 9AB
The Joiners Arms (Bloxham) Limited 07187509 false 2023-05-01 2024-06-30 2024-06-30 VT Final Accounts April 2024 M Page No description of principal activity 07187509 2022-05-01 2023-04-30 07187509 core:WithinOneYear 2023-04-30 07187509 core:AfterOneYear 2023-04-30 07187509 core:ShareCapital 2023-04-30 07187509 core:RetainedEarningsAccumulatedLosses 2023-04-30 07187509 core:AllPeriods 2023-04-30 07187509 2023-05-01 2024-06-30 07187509 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-06-30 07187509 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-06-30 07187509 bus:Director40 2023-05-01 2024-06-30 07187509 1 2023-05-01 2024-06-30 07187509 2 2023-05-01 2024-06-30 07187509 core:Goodwill 2023-05-01 2024-06-30 07187509 core:LandBuildings 2023-05-01 2024-06-30 07187509 core:PlantMachinery 2023-05-01 2024-06-30 07187509 countries:England 2023-05-01 2024-06-30 07187509 bus:FRS102 2023-05-01 2024-06-30 07187509 bus:FilletedAccounts 2023-05-01 2024-06-30 07187509 2024-06-30 07187509 core:WithinOneYear 2024-06-30 07187509 core:AfterOneYear 2024-06-30 07187509 core:ShareCapital 2024-06-30 07187509 core:RetainedEarningsAccumulatedLosses 2024-06-30 07187509 core:Goodwill 2024-06-30 07187509 core:LandBuildings 2024-06-30 07187509 core:PlantMachinery 2024-06-30 07187509 core:AllPeriods 2024-06-30 07187509 2023-04-30 07187509 core:Goodwill 2023-04-30 07187509 core:LandBuildings 2023-04-30 07187509 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure