Company registration number 13840327 (England and Wales)
Langthorpe Live Inn Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 28 February 2024
PAGES FOR FILING WITH REGISTRAR
Langthorpe Live Inn Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Langthorpe Live Inn Ltd
Statement of financial position
as at 28 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
12,084
Current assets
Cash at bank and in hand
-
0
4,821
Creditors: amounts falling due within one year
(5,957)
(22,862)
Net current liabilities
(5,957)
(18,041)
Net liabilities
(5,957)
(5,957)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(5,958)
(5,958)
Total equity
(5,957)
(5,957)

For the financial year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 23 October 2024
S Wade
Director
Company registration number 13840327 (England and Wales)
Langthorpe Live Inn Ltd
Notes to the Financial Statements
for the year ended 28 February 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Turnover is recognised on the provision of service obligation where a right to consideration is due.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% straight line basis
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Langthorpe Live Inn Ltd
Notes to the Financial Statements (continued)
for the year ended 28 February 2024
- 3 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
10
4
Tangible fixed assets
Total
£
Cost
At 1 March 2023
13,713
Disposals
(13,713)
At 28 February 2024
-
0
Depreciation and impairment
At 1 March 2023
1,629
Eliminated in respect of disposals
(1,629)
At 28 February 2024
-
0
Carrying amount
At 28 February 2024
-
0
At 28 February 2023
12,084
5
Company information

Langthorpe Live Inn Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 Bay Tree, Main Street, York, North Yorkshire, YO61 1JU.

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