Liden Community Centre Bar Limited 02504584 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of operating bar facilities within the Liden Community Centre. Profits are to be entirely devoted to the benefit of the Liden Community Council (Charity Number 800155). Digita Accounts Production Advanced 6.30.9574.0 true false 02504584 2023-04-01 2024-03-31 02504584 2024-03-31 02504584 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02504584 core:FurnitureFittings 2024-03-31 02504584 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 02504584 bus:SmallEntities 2023-04-01 2024-03-31 02504584 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02504584 bus:FilletedAccounts 2023-04-01 2024-03-31 02504584 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02504584 bus:RegisteredOffice 2023-04-01 2024-03-31 02504584 bus:Director2 2023-04-01 2024-03-31 02504584 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02504584 core:FurnitureFittings 2023-04-01 2024-03-31 02504584 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 02504584 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02504584 core:LeaseholdImprovements 2023-04-01 2024-03-31 02504584 core:ParentEntities 2023-04-01 2024-03-31 02504584 1 2023-04-01 2024-03-31 02504584 countries:EnglandWales 2023-04-01 2024-03-31 02504584 2023-03-31 02504584 core:FurnitureFittings 2023-03-31 02504584 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 02504584 2022-04-01 2023-03-31 02504584 2023-03-31 02504584 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02504584 core:FurnitureFittings 2023-03-31 02504584 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 02504584

Liden Community Centre Bar Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Liden Community Centre Bar Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Liden Community Centre Bar Limited

(Registration number: 02504584)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,997

362

Current assets

 

Stocks

5,778

8,065

Cash at bank and in hand

 

21,245

15,377

 

27,023

23,442

Creditors: Amounts falling due within one year

5

(30,018)

(23,802)

Net current liabilities

 

(2,995)

(360)

Net assets

 

2

2

Capital and reserves

 

Called up share capital

2

2

Shareholders' funds

 

2

2

 

Liden Community Centre Bar Limited

(Registration number: 02504584)
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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 October 2024 and signed on its behalf by:
 

.........................................
Mr P C Wiseman
Director

 

Liden Community Centre Bar Limited

Notes to the Unaudited 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:
Liden Community Centre
Liden Centre
Swindon
Wiltshire
SN3 6HF

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary values in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover represents amounts receivable for goods and services, net of VAT.

Revenue from the sale of food and drink and other bar sales is recognised when the significant risks and rewards of ownership of the goods have passed to the customer, the amount of revenue can be measured reliably, it is probably that the economic benefits associated with the transactions will flow to the entity and the costs incurred, or to be incurred, in respect of the transactions can be measured reliably.

Tax

The tax expense for the period comprises current tax.

The current corporation 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.

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.

 

Liden Community Centre Bar Limited

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

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

Tenants' improvements

5% straight line basis

Plant and machinery etc

25% 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

Dividends

In accordance with the company's memorandum and articles profits are to be donated to the parent charity Liden Community Council (Charity Number 800155), and are recognised as a liability in the financial period they arise.

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.

Grants

Government grants are accounted for as revenue based grants under the accrual model in the period in which they are receivable.

Employee benefits

The costs of short term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlementis recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee, or to provide termination benefits.

 

Liden Community Centre Bar Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2023 - 14).

4

Tangible assets

Tenants' Improvements
£

Plant and machinery etc
£

Total
£

Cost or valuation

At 1 April 2023

18,423

37,030

55,453

Additions

-

3,210

3,210

Disposals

-

(951)

(951)

At 31 March 2024

18,423

39,289

57,712

Depreciation

At 1 April 2023

18,422

36,669

55,091

Charge for the year

-

573

573

Eliminated on disposal

-

(949)

(949)

At 31 March 2024

18,422

36,293

54,715

Carrying amount

At 31 March 2024

1

2,996

2,997

At 31 March 2023

1

361

362

 

Liden Community Centre Bar Limited

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

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

2,056

1,114

Amounts owed to related parties

6

8,612

10,841

Taxation and social security

 

15,387

7,988

Other creditors

 

3,963

3,859

 

30,018

23,802

6

Related party transactions

Summary of transactions with parent


Liden Community Centre Bar Limited was incorporated on 22 May 1990 for the purpose of taking over bar operations of the Liden Community Council (the charity) and is a trading subsidiary of the charity. The company is controlled by Liden Community Council (Charity Number 800155)

The charity's address is Liden Community Centre, Barrington Close, Liden, Swindon, SN3 6HF.

 
Transactions with Liden Community Council

Profits to be donated £12,443 (2023: £12,014).

Amount due to the charity at the balance sheet date amounted to £8,612 (2023: £10,840). These figures include the profits to be donated.

 

7

Parent and ultimate parent undertaking

The company is controlled by Liden Community Council (Charity Number 800155).

The charity's address is Liden Community Council, Barrington Close, Liden, Swindon, SN3 6HF.