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REGISTERED NUMBER: 14590011 (England and Wales)










Settle Victoria Hall Enterprises Ltd

Unaudited Financial Statements

for the Period 13 January 2023 to 31 March 2024






Settle Victoria Hall Enterprises Ltd (Registered number: 14590011)






Contents of the Financial Statements
for the Period 13 January 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Settle Victoria Hall Enterprises Ltd

Company Information
for the Period 13 January 2023 to 31 March 2024







DIRECTORS: Ms Josephine Kate Guthrie
Ms Ann Harding





REGISTERED OFFICE: Settle Victoria Hall
Kirkgate
North Yorkshire
United Kingdom
BD24 9DZ





REGISTERED NUMBER: 14590011 (England and Wales)






Settle Victoria Hall Enterprises Ltd (Registered number: 14590011)

Balance Sheet
31 March 2024

Notes £   
FIXED ASSETS
Tangible assets 4 12,867

CURRENT ASSETS
Stocks 5 1,958
Debtors 6 12,914
Cash at bank and in hand 23,859
38,731
CREDITORS
Amounts falling due within one year 7 (21,998 )
NET CURRENT ASSETS 16,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,600

CREDITORS
Amounts falling due after more than one year 8 (21,250 )

PROVISIONS FOR LIABILITIES (2,445 )
NET ASSETS 5,905

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 5,805
5,905

Settle Victoria Hall Enterprises Ltd (Registered number: 14590011)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





Ms Ann Harding - Director


Settle Victoria Hall Enterprises Ltd (Registered number: 14590011)

Notes to the Financial Statements
for the Period 13 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

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

The address of its registered office is:
Settle Victoria Hall
Kirkgate, Settle
North Yorkshire
United Kingdom
BD24 9DZ

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.

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.

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.

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.

Settle Victoria Hall Enterprises Ltd (Registered number: 14590011)

Notes to the Financial Statements - continued
for the Period 13 January 2023 to 31 March 2024

2. ACCOUNTING POLICIES - continued

TANGIBLE FIXED 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.

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 classDepreciation method and rate
Fixtures & Fittings25% reducing balance
Plant & Machinery25% reducing balance

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

BORROWINGS
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.Interest-bearingborrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Settle Victoria Hall Enterprises Ltd (Registered number: 14590011)

Notes to the Financial Statements - continued
for the Period 13 January 2023 to 31 March 2024

2. ACCOUNTING POLICIES - continued

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
Additions 14,558 1,711 16,269
At 31 March 2024 14,558 1,711 16,269
DEPRECIATION
Charge for period 3,010 392 3,402
At 31 March 2024 3,010 392 3,402
NET BOOK VALUE
At 31 March 2024 11,548 1,319 12,867

5. STOCKS
£   
Merchandise Stock 600
Bar stock 1,238
Ice cream Stock 120
1,958

Settle Victoria Hall Enterprises Ltd (Registered number: 14590011)

Notes to the Financial Statements - continued
for the Period 13 January 2023 to 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 12,905
VAT 9
12,914

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 779
Amounts owed to participating interests 20,068
Accrued expenses 1,151
21,998

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Loans 21,250