Registered number
13040143
Catherington Country Pubs Ltd
Filleted Accounts
31 March 2024
Catherington Country Pubs Ltd
Registered number: 13040143
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,863 16,245
Current assets
Stocks 5,000 4,000
Debtors 4 34,368 12,084
Cash at bank and in hand 97,949 129,039
137,317 145,123
Creditors: amounts falling due within one year 5 (74,559) (81,333)
Net current assets 62,758 63,790
Total assets less current liabilities 76,621 80,035
Creditors: amounts falling due after more than one year 6 (20,000) (20,000)
Provisions for liabilities (2,634) (3,087)
Net assets 53,987 56,948
Capital and reserves
Share premium 2 2
Profit and loss account 53,985 56,946
Shareholders' funds 53,987 56,948
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.
J Fields
Director
Approved by the board on 22 August 2024
Catherington Country Pubs Ltd
Notes to the Accounts
for the year ended 31 March 2024
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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:
Furniture & fixtures over 5 years
Computer equipment over 5 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 21 21
3 Tangible fixed assets
Furniture & fixtures Comuter equipment Total
£ £ £
Cost
At 1 April 2023 20,026 1,721 21,747
Additions 2,059 391 2,450
At 31 March 2024 22,085 2,112 24,197
Depreciation
At 1 April 2023 5,102 400 5,502
Charge for the year 4,411 421 4,832
At 31 March 2024 9,513 821 10,334
Net book value
At 31 March 2024 12,572 1,291 13,863
At 31 March 2023 14,924 1,321 16,245
4 Debtors 2024 2023
£ £
Other debtors 34,368 12,084
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 23,849 54,563
Taxation and social security costs 40,744 26,368
Other creditors 9,966 402
74,559 81,333
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 20,000 20,000
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
James Fields
[Loan 1] (402) 47,209 (54,597) (7,790)
(402) 47,209 (54,597) (7,790)
8 Related party transactions
Included within other creditors is the amount of £7,790 (2023: £402) owed to the directors. This amount is undated, unsecured, interest free and repayable upon demand.
9 Controlling party
The controlling party is Mr J Fields, as the director and shareholder.
10 Other information
Catherington Country Pubs Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
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