Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31542023-01-01falseNo description of principal activity55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09343040 2023-01-01 2023-12-31 09343040 2022-01-01 2022-12-31 09343040 2023-12-31 09343040 2022-12-31 09343040 c:Director1 2023-01-01 2023-12-31 09343040 d:FurnitureFittings 2023-01-01 2023-12-31 09343040 d:FurnitureFittings 2023-12-31 09343040 d:FurnitureFittings 2022-12-31 09343040 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09343040 d:OfficeEquipment 2023-01-01 2023-12-31 09343040 d:OfficeEquipment 2023-12-31 09343040 d:OfficeEquipment 2022-12-31 09343040 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09343040 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09343040 d:CurrentFinancialInstruments 2023-12-31 09343040 d:CurrentFinancialInstruments 2022-12-31 09343040 d:Non-currentFinancialInstruments 2023-12-31 09343040 d:Non-currentFinancialInstruments 2022-12-31 09343040 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09343040 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09343040 d:ShareCapital 2023-12-31 09343040 d:ShareCapital 2022-12-31 09343040 d:RetainedEarningsAccumulatedLosses 2023-12-31 09343040 d:RetainedEarningsAccumulatedLosses 2022-12-31 09343040 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09343040 c:OrdinaryShareClass1 2023-12-31 09343040 c:OrdinaryShareClass1 2022-12-31 09343040 c:FRS102 2023-01-01 2023-12-31 09343040 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09343040 c:FullAccounts 2023-01-01 2023-12-31 09343040 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09343040 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 09343040 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 09343040 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 09343040 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 09343040 d:RetirementBenefitObligationsDeferredTax 2023-12-31 09343040 d:RetirementBenefitObligationsDeferredTax 2022-12-31 09343040 2 2023-01-01 2023-12-31 09343040 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09343040









ALUNA LEISURE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ALUNA LEISURE LIMITED
REGISTERED NUMBER: 09343040

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
45,146
44,627

  
45,146
44,627

Current assets
  

Stocks
  
24,504
40,296

Debtors
 5 
463,399
681,741

Cash at bank and in hand
  
41,150
140,544

  
529,053
862,581

Creditors: amounts falling due within one year
 6 
(401,979)
(687,753)

Net current assets
  
 
 
127,074
 
 
174,828

Total assets less current liabilities
  
172,220
219,455

Provisions for liabilities
  

Deferred tax
 7 
(8,758)
(12,245)

  
 
 
(8,758)
 
 
(12,245)

Net assets
  
163,462
207,210


Capital and reserves
  

Called up share capital 
 8 
150,000
150,000

Profit and loss account
  
13,462
57,210

  
163,462
207,210


Page 1

 
ALUNA LEISURE LIMITED
REGISTERED NUMBER: 09343040
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges his 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 profit and loss account 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 25 September 2024.




N Nathwani
Director

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

Page 2

 
ALUNA LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 09343040.  The Company's registered office is 21 Wainwright Street, Aston, Birmingham, B6 5TJ.
The principal activity of the company in the period under review was that of a public house providing bar and restaurant facilities.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Going concern

 The accounts have been prepared on the going concern basis.

 
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.

Revenue is recognised for food and beverage sales made at the point the sale is made and the goods are consumed by the customer.

Page 3

 
ALUNA LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.

 
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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

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.

 
2.8

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.

Page 4

 
ALUNA LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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:

Fixtures and fittings
-
20%
straight line
Equipment
-
25%
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.

Page 5

 
ALUNA LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to
Page 6

 
ALUNA LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.16
Financial instruments (continued)

settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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.

Derecognition of financial instruments

Page 7

 
ALUNA LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.16
Financial instruments (continued)

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 55 (2022 - 54).


4.


Tangible fixed assets





Fixtures and fittings
Equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
546,994
160,656
707,650


Additions
17,109
5,672
22,781



At 31 December 2023

564,103
166,328
730,431



Depreciation


At 1 January 2023
529,730
133,293
663,023


Charge for the year on owned assets
9,090
13,172
22,262



At 31 December 2023

538,820
146,465
685,285



Net book value



At 31 December 2023
25,283
19,863
45,146



At 31 December 2022
17,264
27,363
44,627

Page 8

 
ALUNA LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors


2023
2022
£
£

Due after more than one year

Other debtors
63,768
63,768

63,768
63,768

Due within one year

Trade debtors
46,207
29,386

Other debtors
265,024
486,479

Prepayments and accrued income
88,400
102,108

463,399
681,741



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
241,627
160,230

Corporation tax
-
8,094

Other taxation and social security
83,582
75,354

Other creditors
64,274
179,946

Accruals and deferred income
12,496
264,129

401,979
687,753



7.


Deferred taxation




2023


£






At beginning of year
(12,244)


Charged to profit or loss
3,486



At end of year
(8,758)

Page 9

 
ALUNA LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
 
7.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(12,297)
(12,389)

Tax losses carried forward
3,313
-

Pension surplus
226
145

(8,758)
(12,244)


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



150,000 (2022 - 150,000) Ordinary shares of £1.00 each
150,000
150,000



9.


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.  Contributions totalling £12,405 (2022 - £11,513) were payable to the fund at the balance sheet date and are included in creditors


10.Other financial commitments

The company had total commitments at the balance sheet date of £1,732,500 (2022 - £1,946,000).


11.


Related party transactions

During the year the company received loans from the director of £Nil (2022 - £800) and made repayments of £5,226 (2022 - £Nil).  As at 31 December 2023 the amount outstanding to the director was £Nil (2022 - £5,226).  No interest has been charged on the loan and it is repayable on demand.
During the year the company repaid a loan from a close family relation of the director of £108,964 (2022 - £400) and received additional loans of £Nil (2022 - £96,391l).  The balance outstanding as at 31 December 2023 was £23,850 (2021 - £132,814).  No interest has been charged on the loan and it is repayable on demand.
During the year the company made loans to companies under common control and the balance outstanding from these companies as at 31 December 2023 was £140,184 (2022 - £458,324).  Loans are interest free and repayable on demand.

 
Page 10