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REGISTERED NUMBER: 07483611 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

THE OLD ROYAL OAK COUNTRY PUB LTD

THE OLD ROYAL OAK COUNTRY PUB LTD (REGISTERED NUMBER: 07483611)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE OLD ROYAL OAK COUNTRY PUB LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: A R Thorpe
Mrs G L Thorpe





SECRETARY:





REGISTERED OFFICE: The Warwickshire Lad
Broad Lane
Tanworth in Arden
Solihull
B94 5DP





REGISTERED NUMBER: 07483611 (England and Wales)





ACCOUNTANTS: Adept Accounting
The Grange
Church Lane
Budbrooke
Warwick
CV35 8QL

THE OLD ROYAL OAK COUNTRY PUB LTD (REGISTERED NUMBER: 07483611)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,347 25,954

CURRENT ASSETS
Stocks 15,814 10,500
Debtors 5 22,073 21,575
Prepayments and accrued income 12,111 16,268
Cash at bank and in hand 58,841 49,706
108,839 98,049
CREDITORS
Amounts falling due within one year 6 87,949 60,849
NET CURRENT ASSETS 20,890 37,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,237

63,154

CREDITORS
Amounts falling due after more than one year 7 (24,834 ) (34,741 )

PROVISIONS FOR LIABILITIES (2,203 ) (2,544 )
NET ASSETS 15,200 25,869

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,100 25,769
SHAREHOLDERS' FUNDS 15,200 25,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 OLD ROYAL OAK COUNTRY PUB LTD (REGISTERED NUMBER: 07483611)

BALANCE SHEET - continued
31 JANUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by:




A R Thorpe - Director



Mrs G L Thorpe - Director


THE OLD ROYAL OAK COUNTRY PUB LTD (REGISTERED NUMBER: 07483611)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

The Old Royal Oak Country Pub 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 25% on 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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

THE OLD ROYAL OAK COUNTRY PUB LTD (REGISTERED NUMBER: 07483611)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 41,975 69,844 111,819
Additions - 2,454 2,454
At 31 January 2024 41,975 72,298 114,273
DEPRECIATION
At 1 February 2023 32,149 53,716 85,865
Charge for year 2,416 4,645 7,061
At 31 January 2024 34,565 58,361 92,926
NET BOOK VALUE
At 31 January 2024 7,410 13,937 21,347
At 31 January 2023 9,826 16,128 25,954

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 6,563 6,563
Other debtors 15,510 15,012
22,073 21,575

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 48,870 34,717
Taxation and social security 26,029 18,844
Other creditors 13,050 7,288
87,949 60,849

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Other creditors 24,834 34,741

THE OLD ROYAL OAK COUNTRY PUB LTD (REGISTERED NUMBER: 07483611)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
A R Thorpe and Mrs G L Thorpe
Balance outstanding at start of year (1,200 ) (1,001 )
Amounts advanced 25,712 46,244
Amounts repaid (25,803 ) (46,443 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,291 ) (1,200 )

9. RELATED PARTY DISCLOSURES

The controlling party is Mr and Mrs A Thorpe jointly.

The ultimate controlling party is Mr and Mrs A Thorpe jointly.