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REGISTERED NUMBER: 07859614 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Caldmore Taverns Limited

Caldmore Taverns Limited (Registered number: 07859614)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Caldmore Taverns Limited (Registered number: 07859614)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,523,301 2,667,006
Investment property 5 180,000 -
2,703,301 2,667,006

CURRENT ASSETS
Stocks 52,377 74,939
Debtors 6 1,208,319 654,536
Cash at bank and in hand 380,390 358,047
1,641,086 1,087,522
CREDITORS
Amounts falling due within one year 7 407,052 276,624
NET CURRENT ASSETS 1,234,034 810,898
TOTAL ASSETS LESS CURRENT LIABILITIES 3,937,335 3,477,904

PROVISIONS FOR LIABILITIES 167,550 214,153
NET ASSETS 3,769,785 3,263,751

CAPITAL AND RESERVES
Called up share capital 1,231,924 1,231,924
Share premium 558,339 558,339
Revaluation reserve 8 51,921 -
Retained earnings 1,927,601 1,473,488
SHAREHOLDERS' FUNDS 3,769,785 3,263,751

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

The members have not required the company to obtain an audit of its financial statements for the year 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:




Mrs D A Bird - Director


Caldmore Taverns Limited (Registered number: 07859614)

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

1. STATUTORY INFORMATION

Caldmore Taverns Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07859614

Registered office: Gorst Barn Farm
Brandhill
Aldon
Craven Arms
Shropshire
SY7 0PG

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Fair value is determined annually by the directors and is derived from the current market rents and investment property yields for comparable real estates.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Caldmore Taverns Limited (Registered number: 07859614)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 61 (2023 - 55 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 2,412,338 512,779 679,465 90,409 3,694,991
Additions - 84,721 13,860 56,000 154,581
Disposals - - - (19,949 ) (19,949 )
Reclassification/transfer (135,186 ) - - - (135,186 )
At 31 March 2024 2,277,152 597,500 693,325 126,460 3,694,437
DEPRECIATION
At 1 April 2023 362,384 248,448 359,849 57,304 1,027,985
Charge for year 45,542 51,515 50,012 21,200 168,269
Eliminated on disposal - - - (15,642 ) (15,642 )
Reclassification/transfer (9,476 ) - - - (9,476 )
At 31 March 2024 398,450 299,963 409,861 62,862 1,171,136
NET BOOK VALUE
At 31 March 2024 1,878,702 297,537 283,464 63,598 2,523,301
At 31 March 2023 2,049,954 264,331 319,616 33,105 2,667,006

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 54,290
Reclassification/transfer 125,710
At 31 March 2024 180,000
NET BOOK VALUE
At 31 March 2024 180,000

Caldmore Taverns Limited (Registered number: 07859614)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 54,290
Cost 125,710
180,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 125,710 -

Investment property was valued on an open market basis on 31 March 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,672 14,105
Amounts owed by associates 1,050,524 572,729
Other debtors 139,123 67,702
1,208,319 654,536

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 127,432 123,702
Amounts owed to associates 5,332 5,718
Taxation and social security 203,428 95,014
Other creditors 70,860 52,190
407,052 276,624

8. RESERVES
Revaluation
reserve
£   
Transfer of revaluation 51,921

At 31 March 2024 51,921

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £34,125 (2023 - £48,750). These financial commitments represent the total amount of payments remaining on operating leases ending in 2026.