Company registration number 10030286 (England and Wales)
Rose & Crown (The Village) Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
Rose & Crown (The Village) Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Rose & Crown (The Village) Ltd
Statement of financial position
as at 31 March 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
11,523
14,724
Tangible assets
4
66,909
51,440
78,432
66,164
Current assets
Stocks
11,700
9,280
Debtors
12,745
32,536
Cash at bank and in hand
18,708
201
43,153
42,017
Creditors: amounts falling due within one year
(141,480)
(95,647)
Net current liabilities
(98,327)
(53,630)
Total assets less current liabilities
(19,895)
12,534
Creditors: amounts falling due after more than one year
(2,065)
(19,777)
Provisions for liabilities
(4,567)
(7,334)
Net liabilities
(26,527)
(14,577)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(26,627)
(14,677)
Total equity
(26,527)
(14,577)
Rose & Crown (The Village) Ltd
Statement of financial position (continued)
as at 31 March 2024
31 March 2024
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 12 August 2024
R J Billington
Director
Company registration number 10030286 (England and Wales)
Rose & Crown (The Village) Ltd
Notes to the financial statements
for the year ended 31 March 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon supply of goods to the customer.
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation. Goodwill is amortised over 10 years.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
15% reducing balance
Motor vehicles
25% reducing balance
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Rose & Crown (The Village) Ltd
Notes to the financial statements (continued)
for the year ended 31 March 2024
1
Accounting policies
(continued)
- 4 -
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
19
18
3
Intangible fixed assets
Total
£
Cost
At 1 April 2023 and 31 March 2024
32,010
Amortisation and impairment
At 1 April 2023
17,286
Amortisation charged for the year
3,201
At 31 March 2024
20,487
Carrying amount
At 31 March 2024
11,523
At 31 March 2023
14,724
Rose & Crown (The Village) Ltd
Notes to the financial statements (continued)
for the year ended 31 March 2024
- 5 -
4
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 April 2023
65,986
17,985
83,971
Additions
25,664
25,664
At 31 March 2024
91,650
17,985
109,635
Depreciation and impairment
At 1 April 2023
24,663
7,868
32,531
Depreciation charged in the year
7,666
2,529
10,195
At 31 March 2024
32,329
10,397
42,726
Carrying amount
At 31 March 2024
59,321
7,588
66,909
At 31 March 2023
41,323
10,117
51,440
5
Company information
Rose & Crown (The Village) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.