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REGISTERED NUMBER: 09658610 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

ELBOW ROOM ALEHOUSE LTD

ELBOW ROOM ALEHOUSE LTD (REGISTERED NUMBER: 09658610)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELBOW ROOM ALEHOUSE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr T Arnold
Mrs W Arnold
H E Arnold
G D Arnold





SECRETARY: T Arnold





REGISTERED OFFICE: 26 Station Road
Hinckley
Leicestershire
LE10 1AW





REGISTERED NUMBER: 09658610 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

ELBOW ROOM ALEHOUSE LTD (REGISTERED NUMBER: 09658610)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,049 37,829

CURRENT ASSETS
Stocks 30,219 11,544
Debtors 5 1,755 7,029
Cash at bank and in hand 25,393 52,734
57,367 71,307
CREDITORS
Amounts falling due within one year 6 57,578 50,380
NET CURRENT (LIABILITIES)/ASSETS (211 ) 20,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,838

58,756

CREDITORS
Amounts falling due after more than one
year

7

(32,986

)

(38,937

)

PROVISIONS FOR LIABILITIES (4,400 ) (6,450 )
NET ASSETS 452 13,369

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 252 13,169
SHAREHOLDERS' FUNDS 452 13,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and loss account has not been delivered.

ELBOW ROOM ALEHOUSE LTD (REGISTERED NUMBER: 09658610)

BALANCE SHEET - continued
30 NOVEMBER 2023



The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





Mr T Arnold - Director


ELBOW ROOM ALEHOUSE LTD (REGISTERED NUMBER: 09658610)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Elbow Room Alehouse Ltd 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Turnover represents revenue from bar sales, excluding value added tax and is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - straight line over 12 years
Plant and machinery - 25% reducing balance and 20% reducing balance
Fixtures and fittings - 25% reducing balance and 20% reducing balance

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 Profit and loss account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ELBOW ROOM ALEHOUSE LTD (REGISTERED NUMBER: 09658610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. EMPLOYEES

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 December 2022 31,554 23,503 22,595 77,652
Additions 11,428 5,938 907 18,273
Disposals (11,867 ) (7,927 ) (516 ) (20,310 )
At 30 November 2023 31,115 21,514 22,986 75,615
DEPRECIATION
At 1 December 2022 13,767 11,839 14,217 39,823
Charge for year 2,614 2,629 2,285 7,528
Eliminated on disposal (3,544 ) (5,794 ) (447 ) (9,785 )
At 30 November 2023 12,837 8,674 16,055 37,566
NET BOOK VALUE
At 30 November 2023 18,278 12,840 6,931 38,049
At 30 November 2022 17,787 11,664 8,378 37,829

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,755 7,029

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,951 5,951
Trade creditors 21,722 15,734
Taxation and social security 24,740 25,771
Other creditors 5,165 2,924
57,578 50,380

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 32,986 38,937

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 9,181 15,132

ELBOW ROOM ALEHOUSE LTD (REGISTERED NUMBER: 09658610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £100,116.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There was a balance due from the directors at the end of the previous year of £5,017. Interest has not been charged on the amounts outstanding.