Acorah Software Products - Accounts Production 15.0.600 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 10597143 Mr Malcolm Preedy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10597143 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-02-29 10597143 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-02-29 10597143 2023-02-28 10597143 2024-02-29 10597143 2023-03-01 2024-02-29 10597143 frs-core:Non-currentFinancialInstruments 2024-02-29 10597143 frs-core:ComputerEquipment 2023-03-01 2024-02-29 10597143 frs-core:FurnitureFittings 2023-03-01 2024-02-29 10597143 frs-core:ShareCapital 2024-02-29 10597143 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10597143 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10597143 frs-bus:AbridgedAccounts 2023-03-01 2024-02-29 10597143 frs-bus:SmallEntities 2023-03-01 2024-02-29 10597143 frs-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 10597143 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10597143 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-29 10597143 frs-bus:OrdinaryShareClass1 2024-02-29 10597143 frs-bus:Director1 2023-03-01 2024-02-29 10597143 frs-countries:EnglandWales 2023-03-01 2024-02-29 10597143 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2023-02-28 10597143 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2023-02-28 10597143 2022-02-28 10597143 2023-02-28 10597143 2022-03-01 2023-02-28 10597143 frs-core:Non-currentFinancialInstruments 2023-02-28 10597143 frs-core:ShareCapital 2023-02-28 10597143 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 10597143 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28
Registered number: 10597143
The Greenman Pub and Hotel Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Accountants' Report 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—6
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of The Greenman Pub and Hotel Limited for the year ended 29 February 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Greenman Pub and Hotel Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of The Greenman Pub and Hotel Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of The Greenman Pub and Hotel Limited and state those matters that we have agreed to state to the director of The Greenman Pub and Hotel Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Greenman Pub and Hotel Limited and its director as a body for our work or for this report.
It is your duty to ensure that The Greenman Pub and Hotel Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The Greenman Pub and Hotel Limited . You consider that The Greenman Pub and Hotel Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The Greenman Pub and Hotel Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
16 September 2024
Affinity Associates Limited
Accountants and Statutory Auditors
11-12 Hallmark Trading Centre
Fourth Way
Wembley
Middlesex
HA9 0LB
Page 1
Page 2
Abridged Balance Sheet
Registered number: 10597143
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34,285 29,519
34,285 29,519
CURRENT ASSETS
Stocks 15,200 14,700
Debtors 41,171 72,312
Cash at bank and in hand 53,592 34,179
109,963 121,191
Creditors: Amounts Falling Due Within One Year (100,520 ) (86,359 )
NET CURRENT ASSETS (LIABILITIES) 9,443 34,832
TOTAL ASSETS LESS CURRENT LIABILITIES 43,728 64,351
Creditors: Amounts Falling Due After More Than One Year (36,272 ) (49,029 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,260 ) (5,230 )
NET ASSETS 1,196 10,092
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 1,096 9,992
SHAREHOLDERS' FUNDS 1,196 10,092
Page 2
Page 3
For the year ending 29 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Malcolm Preedy
Director
16 September 2024
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
The Greenman Pub and Hotel Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10597143 . The registered office is 11/12 Hallmark Trading Centre Fourth Way, Wembley, Middlesex, HA9 0LB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Significant judgements and estimations
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.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 10% on cost
Computer Equipment 33.33% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the
carrying value of the asset, and is credited or charged to profit or loss.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At each reporting date, an assessment is made for impairment. Any exess of the carrying amount of stocks over its
estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of
impairment losses are also recognised in profit or loss.
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2.7. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.8. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other
Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a
legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price
including transaction costs and are subsequently carried at amortised cost using the effective interest method unless
the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not
amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements
entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after
deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that
are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future payments discounted at a
market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business
from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,
they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and
subsequently measured at amortised cost using the effective interest method.
2.9. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
2.10. Eqity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends
payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 9)
10 9
4. Tangible Assets
Total
£
Cost
As at 1 March 2023 44,504
Additions 10,568
As at 29 February 2024 55,072
Depreciation
As at 1 March 2023 14,985
Provided during the period 5,802
As at 29 February 2024 20,787
Net Book Value
As at 29 February 2024 34,285
As at 1 March 2023 29,519
5. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 6,800 -
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 36,272 49,029
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
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