1 false false false false false false false false true false true false false false false false false No description of principal activity 2023-03-31 Sage Accounts Production Advanced 2023 - FRS102_2023 215,000 204,250 10,750 215,000 10,750 xbrli:pure xbrli:shares iso4217:GBP 08725670 2023-03-31 2024-03-30 08725670 2024-03-30 08725670 2023-03-30 08725670 2022-03-31 2023-03-30 08725670 2023-03-30 08725670 2022-03-30 08725670 core:NetGoodwill 2023-03-31 2024-03-30 08725670 core:LandBuildings core:ShortLeaseholdAssets 2023-03-31 2024-03-30 08725670 core:FurnitureFittings 2023-03-31 2024-03-30 08725670 bus:Director1 2023-03-31 2024-03-30 08725670 core:NetGoodwill 2023-03-30 08725670 core:NetGoodwill 2024-03-30 08725670 core:LandBuildings core:ShortLeaseholdAssets 2023-03-30 08725670 core:FurnitureFittings 2023-03-30 08725670 core:LandBuildings core:ShortLeaseholdAssets 2024-03-30 08725670 core:FurnitureFittings 2024-03-30 08725670 core:WithinOneYear 2024-03-30 08725670 core:WithinOneYear 2023-03-30 08725670 core:AfterOneYear 2024-03-30 08725670 core:AfterOneYear 2023-03-30 08725670 core:ShareCapital 2024-03-30 08725670 core:ShareCapital 2023-03-30 08725670 core:RetainedEarningsAccumulatedLosses 2024-03-30 08725670 core:RetainedEarningsAccumulatedLosses 2023-03-30 08725670 core:NetGoodwill 2023-03-30 08725670 core:LandBuildings core:ShortLeaseholdAssets 2023-03-30 08725670 core:FurnitureFittings 2023-03-30 08725670 bus:SmallEntities 2023-03-31 2024-03-30 08725670 bus:AuditExempt-NoAccountantsReport 2023-03-31 2024-03-30 08725670 bus:SmallCompaniesRegimeForAccounts 2023-03-31 2024-03-30 08725670 bus:PrivateLimitedCompanyLtd 2023-03-31 2024-03-30 08725670 bus:FullAccounts 2023-03-31 2024-03-30
COMPANY REGISTRATION NUMBER: 08725670
Roxy Bars and Leisure Limited
Filleted Unaudited Financial Statements
30 March 2024
Roxy Bars and Leisure Limited
Statement of Financial Position
30 March 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
10,750
Tangible assets
6
28,499
39,877
--------
--------
28,499
50,627
Current assets
Debtors
7
84,920
85,891
Cash at bank and in hand
80
80
--------
--------
85,000
85,971
Creditors: amounts falling due within one year
8
392,908
392,908
---------
---------
Net current liabilities
307,908
306,937
---------
---------
Total assets less current liabilities
( 279,409)
( 256,310)
Creditors: amounts falling due after more than one year
9
389,695
389,695
---------
---------
Net liabilities
( 669,104)
( 646,005)
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
( 670,104)
( 647,005)
---------
---------
Shareholders deficit
( 669,104)
( 646,005)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Roxy Bars and Leisure Limited
Statement of Financial Position (continued)
30 March 2024
These financial statements were approved by the board of directors and authorised for issue on 23 September 2024 , and are signed on behalf of the board by:
Mr Ben Abrahams
Director
Company registration number: 08725670
Roxy Bars and Leisure Limited
Notes to the Financial Statements
Year ended 30 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Jubilee House, Townsend Lane, London, NW9 8TZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property
-
10% straight line
Fixtures and fittings
-
20% reducing balance
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: Nil).
5. Intangible assets
Goodwill
£
Cost
At 31 March 2023 and 30 March 2024
215,000
---------
Amortisation
At 31 March 2023
204,250
Charge for the year
10,750
---------
At 30 March 2024
215,000
---------
Carrying amount
At 30 March 2024
---------
At 30 March 2023
10,750
---------
6. Tangible assets
Short leasehold property
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 31 March 2023 and 30 March 2024
56,000
178,033
14,988
249,021
--------
---------
--------
---------
Depreciation
At 31 March 2023
51,800
143,226
14,118
209,144
Charge for the year
4,200
6,961
217
11,378
--------
---------
--------
---------
At 30 March 2024
56,000
150,187
14,335
220,522
--------
---------
--------
---------
Carrying amount
At 30 March 2024
27,846
653
28,499
--------
---------
--------
---------
At 30 March 2023
4,200
34,807
870
39,877
--------
---------
--------
---------
7. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
5,991
5,991
Other debtors
78,929
79,900
--------
--------
84,920
85,891
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
392,908
392,908
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
389,695
389,695
---------
---------
10. Related party transactions
GQ Pubs Limited companies is related to Roxy bars and leisure Limited by virtue of common directorship. All transactions with thse companies were made at arm's length. The amount owed by GQ Pubs Limited to Roxy Bars and Leisure Limited as at year ended 30-03-2022 was £ 5,990.60.