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Registration number: 13221106

The George & Dragon (2021) Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

The George & Dragon (2021) Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 10

 

The George & Dragon (2021) Ltd

Company Information

Directors

Mr Craig Murtagh

Mr John Mark Rugman

Registered office

6 Clay Lane
Clay Cross
Chesterfield
Derbyshire
S45 9EN

Accountants

M.G. Walker & Co. Limited
The Coach House
119a High Street
Clay Cross
Chesterfield
Derbyshire
S45 9DZ

 

The George & Dragon (2021) Ltd

Directors' Report for the Year Ended 30 June 2024

The directors present their report and the financial statements for the year ended 30 June 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Craig Murtagh

Mr John Mark Rugman

Principal activity

The principal activity of the company is Catering

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 10 September 2024 and signed on its behalf by:
 

.........................................
Mr Craig Murtagh
Director

.........................................
Mr John Mark Rugman
Director

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The George & Dragon (2021) Ltd
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The George & Dragon (2021) Ltd for the year ended 30 June 2024 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of International Accountants (AIA), we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of The George & Dragon (2021) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The George & Dragon (2021) Ltd and state those matters that we have agreed to state to the Board of Directors of The George & Dragon (2021) Ltd, as a body, in this report in accordance with AIA . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The George & Dragon (2021) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The George & Dragon (2021) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The George & Dragon (2021) Ltd. You consider that The George & Dragon (2021) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The George & Dragon (2021) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

M.G. Walker & Co. Limited
The Coach House
119a High Street
Clay Cross
Chesterfield
Derbyshire
S45 9DZ

10 September 2024

 

The George & Dragon (2021) Ltd

(Registration number: 13221106)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,500

4,000

Current assets

 

Stocks

5

5,000

5,000

Cash at bank and in hand

 

50,595

23,317

 

55,595

28,317

Creditors: Amounts falling due within one year

6

(122,565)

(114,854)

Net current liabilities

 

(66,970)

(86,537)

Net liabilities

 

(65,470)

(82,537)

Capital and reserves

 

Called up share capital

7

20

20

Retained earnings

(65,490)

(82,557)

Shareholders' deficit

 

(65,470)

(82,537)

For the financial year ending 30 June 2024 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.

Approved and authorised by the Board on 10 September 2024 and signed on its behalf by:
 

.........................................
Mr Craig Murtagh
Director

.........................................
Mr John Mark Rugman
Director

 

The George & Dragon (2021) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

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

The address of its registered office is:
6 Clay Lane
Clay Cross
Chesterfield
Derbyshire
S45 9EN
England

These financial statements were authorised for issue by the Board on 10 September 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 George & Dragon (2021) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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

Furniture & Fittings

3 years Straight Line Basis

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.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2023 - 21).

 

The George & Dragon (2021) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

7,500

7,500

At 30 June 2024

7,500

7,500

Depreciation

At 1 July 2023

3,500

3,500

Charge for the year

2,500

2,500

At 30 June 2024

6,000

6,000

Carrying amount

At 30 June 2024

1,500

1,500

At 30 June 2023

4,000

4,000

5

Stocks

2024
£

2023
£

Other inventories

5,000

5,000

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

12,698

11,596

Taxation and social security

27,636

22,749

Other creditors

82,231

80,509

122,565

114,854

7

Share capital

Allotted, called up and fully paid shares

 

The George & Dragon (2021) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

2024

2023

No.

£

No.

£

Ordinary Shares Class 1 of £1 each

20

20

20

20

       

8

Transition to FRS 102

Balance Sheet at 1 July 2022
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

Total equity

-

-

-

-

 

The George & Dragon (2021) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Balance Sheet at 30 June 2023
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

Total equity

-

-

-

-

 

The George & Dragon (2021) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Profit and Loss Account for the year ended 30 June 2023
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Turnover

-

-

-

-

Operating profit/(loss)

-

-

-

-

Profit/(loss) before tax

-

-

-

-

Profit/(loss) for the financial year

-

-

-

-