Memorable Pubs Limited 05394775 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is public houses and bars Digita Accounts Production Advanced 6.30.9574.0 true true 05394775 2023-04-01 2024-03-31 05394775 2024-03-31 05394775 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05394775 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 05394775 core:FurnitureFittingsToolsEquipment 2024-03-31 05394775 core:LandBuildings 2024-03-31 05394775 core:MotorVehicles 2024-03-31 05394775 bus:SmallEntities 2023-04-01 2024-03-31 05394775 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05394775 bus:AbridgedAccounts 2023-04-01 2024-03-31 05394775 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05394775 bus:RegisteredOffice 2023-04-01 2024-03-31 05394775 bus:Director1 2023-04-01 2024-03-31 05394775 bus:Director2 2023-04-01 2024-03-31 05394775 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05394775 core:IntangibleAssetsOtherThanGoodwill 2023-04-01 2024-03-31 05394775 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 05394775 core:LandBuildings 2023-04-01 2024-03-31 05394775 core:LeaseholdImprovements 2023-04-01 2024-03-31 05394775 core:MotorVehicles 2023-04-01 2024-03-31 05394775 core:Vehicles 2023-04-01 2024-03-31 05394775 countries:EnglandWales 2023-04-01 2024-03-31 05394775 2023-03-31 05394775 core:FurnitureFittingsToolsEquipment 2023-03-31 05394775 core:LandBuildings 2023-03-31 05394775 core:MotorVehicles 2023-03-31 05394775 2022-04-01 2023-03-31 05394775 2023-03-31 05394775 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05394775 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 05394775 core:FurnitureFittingsToolsEquipment 2023-03-31 05394775 core:LandBuildings 2023-03-31 05394775 core:MotorVehicles 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 05394775

Memorable Pubs Limited

trading as The Manor House

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2024

 

Memorable Pubs Limited

trading as The Manor House

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

Memorable Pubs Limited

trading as The Manor House

Company Information

Directors

Mr P T Triggs

Mrs K Triggs

Registered office

Manor House At Quorn
Woodhouse Road
Quorn
Leicestershire
LE12 8AL

Accountants

Inn Control Hospitality Accountants Limited
10 Cheyne Walk
Northamptonshire
England
NN1 5PT

 

Memorable Pubs Limited

trading as The Manor House

(Registration number: 05394775)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

4,169,056

3,002,380

Current assets

 

Stocks

6

29,946

26,111

Cash at bank and in hand

 

130,781

68

 

160,727

26,179

Prepayments and accrued income

 

11,033

16,984

Creditors: Amounts falling due within one year

(1,191,379)

(1,059,582)

Net current liabilities

 

(1,019,619)

(1,016,419)

Total assets less current liabilities

 

3,149,437

1,985,961

Creditors: Amounts falling due after more than one year

(1,426,053)

(1,413,018)

Provisions for liabilities

(388,554)

(15,918)

Accruals and deferred income

 

(9,195)

(21,977)

Net assets

 

1,325,635

535,048

Capital and reserves

 

Called up share capital

102

102

Revaluation reserve

1,418,922

278,602

Retained earnings

(93,389)

256,344

Shareholders' funds

 

1,325,635

535,048

 

Memorable Pubs Limited

trading as The Manor House

(Registration number: 05394775)
Abridged Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option to not file the profit and loss account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 16 October 2024 and signed on its behalf by:
 

.........................................
Mr P T Triggs
Director

.........................................
Mrs K Triggs
Director

 

Memorable Pubs Limited

trading as The Manor House

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
Manor House At Quorn
Woodhouse Road
Quorn
Leicestershire
LE12 8AL

These financial statements were authorised for issue by the Board on 16 October 2024.

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 abridged 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 abridged 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.

 

Memorable Pubs Limited

trading as The Manor House

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Judgements

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be appropriate.

Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

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. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

 

Memorable Pubs Limited

trading as The Manor House

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Tangible 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 class

Depreciation method and rate

Land and Buildings - freehold

No depreciation charged

Fixtures, fittings & rquipment

20% straight line basis

Motor vehicle

20% and 25% straight line basis

Leasehold improvement

20% Straight line basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line basis

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.

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.

 

Memorable Pubs Limited

trading as The Manor House

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

 

Memorable Pubs Limited

trading as The Manor House

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 60 (2023 - 58).

4

Intangible assets

Total
£

Cost or valuation

At 1 April 2023

5,020

At 31 March 2024

5,020

Amortisation

At 1 April 2023

5,020

At 31 March 2024

5,020

Carrying amount

At 31 March 2024

-

 

Memorable Pubs Limited

trading as The Manor House

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

5

tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

2,829,605

386,988

85,000

3,301,593

Revaluations

1,140,320

-

-

1,140,320

Additions

30,075

70,613

-

100,688

At 31 March 2024

4,000,000

457,601

85,000

4,542,601

Depreciation

At 1 April 2023

-

278,963

20,250

299,213

Charge for the year

-

54,582

19,750

74,332

At 31 March 2024

-

333,545

40,000

373,545

Carrying amount

At 31 March 2024

4,000,000

124,056

45,000

4,169,056

At 31 March 2023

2,829,605

108,025

64,750

3,002,380

Included within the net book value of land and buildings above is £4,000,000 (2023 - £2,829,605) in respect of freehold land and buildings and £Nil (2023 - £Nil) in respect of long leasehold land and buildings.
 

6

Stocks

2024
£

2023
£

Other inventories

29,946

26,111