The Baiting House at Upper Sapey Limited 12689212 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is Public houses & restaurants & accomodation Digita Accounts Production Advanced 6.30.9574.0 true 12689212 2022-07-01 2023-06-30 12689212 2023-06-30 12689212 core:RetainedEarningsAccumulatedLosses 2023-06-30 12689212 core:ShareCapital 2023-06-30 12689212 core:SharePremium 2023-06-30 12689212 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 12689212 core:FurnitureFittingsToolsEquipment 2023-06-30 12689212 core:LandBuildings 2023-06-30 12689212 core:MotorVehicles 2023-06-30 12689212 bus:SmallEntities 2022-07-01 2023-06-30 12689212 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 12689212 bus:FullAccounts 2022-07-01 2023-06-30 12689212 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12689212 bus:RegisteredOffice 2022-07-01 2023-06-30 12689212 bus:Director1 2022-07-01 2023-06-30 12689212 bus:Director2 2022-07-01 2023-06-30 12689212 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12689212 core:FurnitureFittings 2022-07-01 2023-06-30 12689212 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 12689212 core:LandBuildings 2022-07-01 2023-06-30 12689212 core:LeaseholdImprovements 2022-07-01 2023-06-30 12689212 core:MotorVehicles 2022-07-01 2023-06-30 12689212 core:OfficeEquipment 2022-07-01 2023-06-30 12689212 core:PlantMachinery 2022-07-01 2023-06-30 12689212 countries:UnitedKingdom 2022-07-01 2023-06-30 12689212 2022-06-30 12689212 core:FurnitureFittingsToolsEquipment 2022-06-30 12689212 core:LandBuildings 2022-06-30 12689212 core:MotorVehicles 2022-06-30 12689212 2021-07-01 2022-06-30 12689212 2022-06-30 12689212 core:RetainedEarningsAccumulatedLosses 2022-06-30 12689212 core:ShareCapital 2022-06-30 12689212 core:SharePremium 2022-06-30 12689212 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 12689212 core:FurnitureFittingsToolsEquipment 2022-06-30 12689212 core:LandBuildings 2022-06-30 12689212 core:MotorVehicles 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 12689212

The Baiting House at Upper Sapey Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

The Baiting House at Upper Sapey Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

The Baiting House at Upper Sapey Limited

Company Information

Directors

Mr A Cornthwaite

Ms K L Lane

Registered office

The Baiting House
Upper Sapey
Worcestershire
WR6 6XT

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

The Baiting House at Upper Sapey Limited

(Registration number: 12689212)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

405,182

486,194

Current assets

 

Stocks

5

23,743

21,822

Cash at bank and in hand

 

114,438

153,927

 

138,181

175,749

Creditors: Amounts falling due within one year

6

(588,386)

(446,778)

Net current liabilities

 

(450,205)

(271,029)

Net (liabilities)/assets

 

(45,023)

215,165

Capital and reserves

 

Called up share capital

10,001

10,001

Share premium reserve

430,704

430,704

Retained earnings

(485,728)

(225,540)

Shareholders' (deficit)/funds

 

(45,023)

215,165

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 September 2024 and signed on its behalf by:
 

.........................................
Mr A Cornthwaite
Director

   
 

The Baiting House at Upper Sapey Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
The Baiting House
Upper Sapey
Worcestershire
WR6 6XT

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

The Baiting House at Upper Sapey Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Short leasehold property

20% straight line

Fixtures and fittings

20% reducing balance

Office equipment

25% reducing balance

Plant and machinery

20% reducing balance

Motor vehicles

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

The Baiting House at Upper Sapey Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 60 (2022 - 60).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2022

63,883

680,712

13,809

758,404

Additions

-

27,300

-

27,300

At 30 June 2023

63,883

708,012

13,809

785,704

Depreciation

At 1 July 2022

25,554

241,685

4,971

272,210

Charge for the year

12,777

93,767

1,768

108,312

At 30 June 2023

38,331

335,452

6,739

380,522

Carrying amount

At 30 June 2023

25,552

372,560

7,070

405,182

At 30 June 2022

38,329

439,027

8,838

486,194

Included within the net book value of land and buildings above is £25,552 (2022 - £38,329) in respect of short leasehold land and buildings.
 

5

Stocks

2023
£

2022
£

Other inventories

23,743

21,822

 

The Baiting House at Upper Sapey Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

118,096

139,778

Amounts owed to related parties

392,595

252,507

Taxation and social security

 

52,987

48,620

Other creditors

 

24,708

5,873

 

588,386

446,778