BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The company carries out the trade of a public house, restaurant and supplies holiday and other short term accommodation. 19 September 2024 16 16 NI617190 2024-03-31 NI617190 2023-03-31 NI617190 2022-03-31 NI617190 2023-04-01 2024-03-31 NI617190 2022-04-01 2023-03-31 NI617190 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI617190 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI617190 uk-bus:AbridgedAccounts 2023-04-01 2024-03-31 NI617190 uk-core:ShareCapital 2024-03-31 NI617190 uk-core:ShareCapital 2023-03-31 NI617190 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI617190 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI617190 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI617190 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI617190 uk-bus:FRS102 2023-04-01 2024-03-31 NI617190 uk-core:LandBuildings 2023-04-01 2024-03-31 NI617190 uk-core:PlantMachinery 2023-04-01 2024-03-31 NI617190 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 NI617190 uk-core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 NI617190 uk-core:IntangibleAssetsOtherThanGoodwill 2023-03-31 NI617190 uk-core:IntangibleAssetsOtherThanGoodwill 2024-03-31 NI617190 2023-04-01 2024-03-31 NI617190 uk-bus:Director1 2023-04-01 2024-03-31 NI617190 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
Rostrevor Inn Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2024



Rostrevor Inn Ltd
Company Registration Number: NI617190
ABRIDGED BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
Intangible assets 4 96,603 96,603
Tangible assets 5 351,439 355,594
───────── ─────────
Fixed Assets 448,042 452,197
───────── ─────────
 
Current Assets
Stocks 12,531 12,276
Debtors 4,381 8,107
Cash at bank and in hand 91,946 95,861
───────── ─────────
108,858 116,244
───────── ─────────
Creditors: amounts falling due within one year (416,707) (424,701)
───────── ─────────
Net Current Liabilities (307,849) (308,457)
───────── ─────────
Total Assets less Current Liabilities 140,193 143,740
 
Provisions for liabilities (4,010) (2,355)
───────── ─────────
Net Assets 136,183 141,385
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 136,181 141,383
───────── ─────────
Shareholders' Funds 136,183 141,385
═════════ ═════════
 
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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 19 September 2024
           
           
________________________________          
Mr. Seth Linder          
Director          
           



Rostrevor Inn Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
Rostrevor Inn Ltd is a private company limited by shares & incorporated in Northern Ireland. Rose Cottage, 27 Bridge Street, Rostrevor, Co. Down, BT34 3BG, Northern Ireland is the registered office. The principal place of business of the company is 31-35 Bridge Street, Rostrevor, Co. Down BT34 3BG. The company number is NI617190.

The financial statements cover the individual entity for the year ended 31 March 2024.

The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods and services supplied by the company, exclusive of trade discounts and value added tax.
 
Intangible assets
 
Licence costs
Licence costs are valued at cost and are assessed for impairment on an annual basis.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 2% Straight line
  Plant and machinery - 20% Reducing balance
  Fixtures, fittings and equipment - 15% Straight line
  Office Equipment - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Profit and Loss Account in the period to which they relate.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was:
 
  2024 2023
  Number Number
 
Staff 16 16
  ═════════ ═════════
     
4. Intangible assets
  Licence
  costs
  £
Cost
At 1 April 2023 96,603
  ─────────
 
At 31 March 2024 96,603
  ─────────
Net book value
At 31 March 2024 96,603
  ═════════
At 31 March 2023 96,603
  ═════════
             
5. Tangible assets
  Land and Plant and Fixtures, Office Total
  buildings machinery fittings and Equipment  
  freehold   equipment    
  £ £ £ £ £
Cost
At 1 April 2023 390,000 30,743 45,010 1,052 466,805
Additions - 8,445 - - 8,445
  ───────── ───────── ───────── ───────── ─────────
At 31 March 2024 390,000 39,188 45,010 1,052 475,250
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 April 2023 46,800 19,238 44,121 1,052 111,211
Charge for the financial year 7,800 3,911 889 - 12,600
  ───────── ───────── ───────── ───────── ─────────
At 31 March 2024 54,600 23,149 45,010 1,052 123,811
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 March 2024 335,400 16,039 - - 351,439
  ═════════ ═════════ ═════════ ═════════ ═════════
At 31 March 2023 343,200 11,505 889 - 355,594
  ═════════ ═════════ ═════════ ═════════ ═════════
       
6. Pension commitments
 
The company operates a defined contribution pension scheme for the benefit of the employees. At the year end, there was £576 due to the fund (2023: £2,632), this is included in creditors: amounts falling due within one year.