Registered number
12319065
Nejara Pubs & Properties Limited
Filleted Accounts
30 November 2023
Nejara Pubs & Properties Limited
Registered number: 12319065
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 6,000 7,000
Tangible assets 4 93,808 108,619
99,808 115,619
Current assets
Stocks 20,000 20,000
Debtors 5 14,393 11,787
Cash at bank and in hand 8,326 10,642
42,719 42,429
Creditors: amounts falling due within one year 6 (22,574) (163,535)
Net current assets/(liabilities) 20,145 (121,106)
Total assets less current liabilities 119,953 (5,487)
Creditors: amounts falling due after more than one year 7 (207,646) (18,156)
Net liabilities (87,693) (23,643)
Capital and reserves
Called up share capital 2 2
Profit and loss account (87,695) (23,645)
Shareholders' funds (87,693) (23,643)
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.
Samantha Hatcher
Director
Approved by the board on 30 August 2024
Nejara Pubs & Properties Limited
Notes to the Accounts
for the year ended 30 November 2023
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).
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Leasehold land and buildings over the lease term
Fixtures, fittings & other equipment 25% Reducing balance
Computer equipment over 4 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 10,000
At 30 November 2023 10,000
Amortisation
At 1 December 2022 3,000
Provided during the year 1,000
At 30 November 2023 4,000
Net book value
At 30 November 2023 6,000
At 30 November 2022 7,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Leasehold Furniture, fittings & other equipment Computer equipment Total
£ £ £ £
Cost
At 1 December 2022 120,000 33,821 3,319 157,140
Additions - 459 - 459
At 30 November 2023 120,000 34,280 3,319 157,599
Depreciation
At 1 December 2022 30,000 16,519 2,002 48,521
Charge for the year 10,000 4,440 830 15,270
At 30 November 2023 40,000 20,959 2,832 63,791
Net book value
At 30 November 2023 80,000 13,321 487 93,808
At 30 November 2022 90,000 17,302 1,317 108,619
5 Debtors 2023 2022
£ £
Prepayments 284 150
Other debtors 14,109 11,637
14,393 11,787
6 Creditors: amounts falling due within one year 2023 2022
£ £
Credit cards 2,818 3,080
Accruals 2,723 1,643
Trade creditors 4,235 -
Taxation and social security costs 4,950 6,625
Other creditors 7,848 152,187
22,574 163,535
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 13,249 18,156
Other creditors 194,397 -
207,646 18,156
8 Other information
Nejara Pubs & Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Bennett Arms
Nejara, Semley
Shaftesbury
Dorset
SP7 9AU
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