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Company Registration No. 5960615 (England and Wales)
The Foundry Arms Limited Unaudited accounts for the year ended 31 December 2023
The Foundry Arms Limited Unaudited accounts Contents
Page
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The Foundry Arms Limited Company Information for the year ended 31 December 2023
Directors
Mr Nicholas James Humphrey Mrs Christine Mary Humphrey
Secretary
Mr Nicholas James Humphrey
Company Number
5960615 (England and Wales)
Registered Office
C/O Together Accounting Limited 17-19 St George's Street Norwich Norfolk NR3 1AB United Kingdom
Accountants
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB
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The Foundry Arms Limited Accountants' report
Accountants' report to the board of directors of The Foundry Arms Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Foundry Arms Limited for the year ended 31 December 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of The Foundry Arms Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of The Foundry Arms Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Foundry Arms Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The Foundry Arms Limited 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 Foundry Arms Limited. You consider that The Foundry Arms Limited 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 Foundry Arms Limited. 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.
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB 25 September 2024
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The Foundry Arms Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
180,049 
185,675 
Current assets
Cash at bank and in hand
435 
3,364 
Creditors: amounts falling due within one year
(184,049)
(188,655)
Net current liabilities
(183,614)
(185,291)
Total assets less current liabilities
(3,565)
384 
Creditors: amounts falling due after more than one year
(133,295)
(139,668)
Provisions for liabilities
Deferred tax
(91)
(121)
Net liabilities
(136,951)
(139,405)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(137,051)
(139,505)
Shareholders' funds
(136,951)
(139,405)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by
Mr Nicholas James Humphrey Director Company Registration No. 5960615
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The Foundry Arms Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
The Foundry Arms Limited is a private company, limited by shares, registered in England and Wales, registration number 5960615. The registered office is C/O Together Accounting Limited, 17-19 St George's Street, Norwich, Norfolk, NR3 1AB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight Line Method - 2%
Fixtures & fittings
Reducing Balance Method - 25%
Computer equipment
Reducing Balance Method - 33%
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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The Foundry Arms Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
273,288 
27,760 
1,367 
302,415 
At 31 December 2023
273,288 
27,760 
1,367 
302,415 
Depreciation
At 1 January 2023
88,250 
27,641 
849 
116,740 
Charge for the year
5,466 
30 
130 
5,626 
At 31 December 2023
93,716 
27,671 
979 
122,366 
Net book value
At 31 December 2023
179,572 
89 
388 
180,049 
At 31 December 2022
185,038 
119 
518 
185,675 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
13,790 
13,755 
VAT
1,481 
1,494 
Loans from directors
167,863 
172,581 
Accruals
915 
825 
184,049 
188,655 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
133,295 
139,668 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary A shares of £1 each
50 
50 
50 Ordinary B shares of £1 each
50 
50 
100 
100 
8
Controlling party
The company is controlled by the directors who own 100% of the called up share capital.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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