Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity3529truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09913719 2023-01-01 2023-12-31 09913719 2022-01-01 2022-12-31 09913719 2023-12-31 09913719 2022-12-31 09913719 c:Director2 2023-01-01 2023-12-31 09913719 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 09913719 d:Buildings d:ShortLeaseholdAssets 2023-12-31 09913719 d:Buildings d:ShortLeaseholdAssets 2022-12-31 09913719 d:PlantMachinery 2023-01-01 2023-12-31 09913719 d:PlantMachinery 2023-12-31 09913719 d:PlantMachinery 2022-12-31 09913719 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09913719 d:FurnitureFittings 2023-01-01 2023-12-31 09913719 d:FurnitureFittings 2023-12-31 09913719 d:FurnitureFittings 2022-12-31 09913719 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09913719 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 09913719 d:OtherPropertyPlantEquipment 2023-12-31 09913719 d:OtherPropertyPlantEquipment 2022-12-31 09913719 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09913719 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09913719 d:CurrentFinancialInstruments 2023-12-31 09913719 d:CurrentFinancialInstruments 2022-12-31 09913719 d:Non-currentFinancialInstruments 2023-12-31 09913719 d:Non-currentFinancialInstruments 2022-12-31 09913719 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09913719 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09913719 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09913719 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09913719 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09913719 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 09913719 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09913719 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 09913719 d:ShareCapital 2023-12-31 09913719 d:ShareCapital 2022-12-31 09913719 d:SharePremium 2023-12-31 09913719 d:SharePremium 2022-12-31 09913719 d:RetainedEarningsAccumulatedLosses 2023-12-31 09913719 d:RetainedEarningsAccumulatedLosses 2022-12-31 09913719 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 09913719 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 09913719 c:FRS102 2023-01-01 2023-12-31 09913719 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09913719 c:FullAccounts 2023-01-01 2023-12-31 09913719 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09913719









NEIGHBOURHOOD PUBS AND BARS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
NEIGHBOURHOOD PUBS AND BARS LIMITED
REGISTERED NUMBER: 09913719

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
293,635
321,909

  
293,635
321,909

Current assets
  

Stocks
 5 
26,255
22,912

Debtors: amounts falling due within one year
 6 
88,361
88,244

Cash at bank and in hand
 7 
172,083
331,014

  
286,699
442,170

Creditors: amounts falling due within one year
 8 
(474,509)
(709,107)

Net current liabilities
  
 
 
(187,810)
 
 
(266,937)

Total assets less current liabilities
  
105,825
54,972

Creditors: amounts falling due after more than one year
 9 
(196,195)
(225,897)

  

Net liabilities
  
(90,370)
(170,925)


Capital and reserves
  

Called up share capital 
  
125
125

Share premium account
  
99,975
99,975

Profit and loss account
  
(190,470)
(271,025)

  
(90,370)
(170,925)

Page 1

 
NEIGHBOURHOOD PUBS AND BARS LIMITED
REGISTERED NUMBER: 09913719
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 September 2024.




................................................
Ed Turner
Director

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
NEIGHBOURHOOD PUBS AND BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Neighbourhood Pubs and Bars Limited is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was that of operating public houses. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis, this assumes the continued support of the directors, which they have pledged for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
NEIGHBOURHOOD PUBS AND BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
NEIGHBOURHOOD PUBS AND BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Over the life of the lease (20 years)
Plant and equipment
-
20% straight line
Office equipment
-
20% straight line
Bar refurbishment
-
5% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 5

 
NEIGHBOURHOOD PUBS AND BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.14

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 35 (2022 - 29).

Page 6

 
NEIGHBOURHOOD PUBS AND BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Short-term leasehold property
Plant and equipment
Office equipment
Bar refurb-ishment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
31,883
63,874
68,886
364,650
529,293


Additions
-
2,623
-
-
2,623



At 31 December 2023

31,883
66,497
68,886
364,650
531,916



Depreciation


At 1 January 2023
8,299
39,787
65,823
93,475
207,384


Charge for the year on owned assets
1,594
8,007
3,063
18,233
30,897



At 31 December 2023

9,893
47,794
68,886
111,708
238,281



Net book value



At 31 December 2023
21,990
18,703
-
252,942
293,635



At 31 December 2022
23,584
24,087
3,063
271,175
321,909


5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
26,255
22,912

26,255
22,912




Page 7

 
NEIGHBOURHOOD PUBS AND BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
30,218
21,418

Other debtors
38,010
38,305

Prepayments and accrued income
20,133
28,521

88,361
88,244



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
172,083
331,014

172,083
331,014



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
26,403

Trade creditors
80,727
64,564

Other taxation and social security
86,312
71,402

Other creditors
225,605
467,652

Accruals and deferred income
71,865
79,086

474,509
709,107


Page 8

 
NEIGHBOURHOOD PUBS AND BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
26,195
25,897

Other loans
170,000
200,000

196,195
225,897


The Other loan is secured with a fixed and floating charge over the business for the period of the loan.  Interest is payable quarterly in arrears at base + 4.75%. The capital will be repayable at the end of a 5 year period. 


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
26,403

Amounts falling due 1-2 years

Bank loans
26,195
25,897

Amounts falling due 2-5 years

Other loans
170,000
200,000


206,195
252,300



11.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
172,083
331,014




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 9

 
NEIGHBOURHOOD PUBS AND BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £7,185 (2022 - £7,419). Contributions totalling £1,752 (2022 - £1,742) were payable to the fund at the balance sheet date and are included in creditors.


13.


Controlling party

The Company is controlled by the directors, Buffy and Ed Turner, by virtue of their shareholding as described in the Directors' report.

 
Page 10