Company Registration No. 11649115 (England and Wales)
OR Pubs Limited
Unaudited accounts
for the year ended 31 October 2023
OR Pubs Limited
Unaudited accounts
Contents
OR Pubs Limited
Company Information
for the year ended 31 October 2023
Directors
Mr O M A Aubrey
Mrs R Janko
Company Number
11649115 (England and Wales)
Registered Office
380A New Hythe lane
Larkfield
Kent
ME206RZ
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
OR Pubs Limited
Statement of financial position
as at 31 October 2023
Tangible assets
14,484
13,860
Cash at bank and in hand
15,718
19,468
Creditors: amounts falling due within one year
(67,158)
(77,365)
Net current liabilities
(24,154)
(19,441)
Total assets less current liabilities
(9,670)
(5,581)
Creditors: amounts falling due after more than one year
(26,703)
(31,087)
Net liabilities
(36,373)
(36,668)
Called up share capital
2
2
Profit and loss account
(36,375)
(36,670)
Shareholders' funds
(36,373)
(36,668)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2024 and were signed on its behalf by
Mr O M A Aubrey
Director
Company Registration No. 11649115
OR Pubs Limited
Notes to the Accounts
for the year ended 31 October 2023
OR Pubs Limited is a private company, limited by shares, registered in England and Wales, registration number 11649115. The registered office is 380A New Hythe lane, Larkfield, Kent, ME206RZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% written down value
Computer equipment
25% written down value
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
OR Pubs Limited
Notes to the Accounts
for the year ended 31 October 2023
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2022
1,722
6,250
5,540
7,590
21,102
Additions
1,250
-
3,994
208
5,452
At 31 October 2023
2,972
6,250
9,534
7,798
26,554
At 1 November 2022
431
1,250
1,860
3,701
7,242
Charge for the year
635
1,250
1,919
1,024
4,828
At 31 October 2023
1,066
2,500
3,779
4,725
12,070
At 31 October 2023
1,906
3,750
5,755
3,073
14,484
At 31 October 2022
1,291
5,000
3,680
3,889
13,860
Amounts falling due within one year
Accrued income and prepayments
1,000
5,000
Other debtors
1,286
17,544
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,783
5,181
Trade creditors
15,897
3,666
Taxes and social security
20,181
17,273
Other creditors
26,297
51,245
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
OR Pubs Limited
Notes to the Accounts
for the year ended 31 October 2023
9
Average number of employees
During the year the average number of employees was 12 (2022: 12).