Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3156982114truetruefalse2023-01-01falseNo description of principal activity110The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12104659 2023-01-01 2023-12-31 12104659 2022-01-01 2022-12-31 12104659 2023-12-31 12104659 2022-12-31 12104659 2022-01-01 12104659 c:Director2 2023-01-01 2023-12-31 12104659 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 12104659 d:Buildings d:LongLeaseholdAssets 2023-12-31 12104659 d:Buildings d:LongLeaseholdAssets 2022-12-31 12104659 d:MotorVehicles 2023-01-01 2023-12-31 12104659 d:MotorVehicles 2023-12-31 12104659 d:MotorVehicles 2022-12-31 12104659 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12104659 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12104659 d:FurnitureFittings 2023-01-01 2023-12-31 12104659 d:FurnitureFittings 2023-12-31 12104659 d:FurnitureFittings 2022-12-31 12104659 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12104659 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12104659 d:ComputerEquipment 2023-01-01 2023-12-31 12104659 d:ComputerEquipment 2023-12-31 12104659 d:ComputerEquipment 2022-12-31 12104659 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12104659 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12104659 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12104659 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12104659 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 12104659 d:ComputerSoftware 2023-12-31 12104659 d:ComputerSoftware 2022-12-31 12104659 d:CurrentFinancialInstruments 2023-12-31 12104659 d:CurrentFinancialInstruments 2022-12-31 12104659 d:Non-currentFinancialInstruments 2023-12-31 12104659 d:Non-currentFinancialInstruments 2022-12-31 12104659 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12104659 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12104659 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12104659 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12104659 d:ShareCapital 2023-12-31 12104659 d:ShareCapital 2022-12-31 12104659 d:RetainedEarningsAccumulatedLosses 2023-12-31 12104659 d:RetainedEarningsAccumulatedLosses 2022-12-31 12104659 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 12104659 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 12104659 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 12104659 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 12104659 d:RetirementBenefitObligationsDeferredTax 2023-12-31 12104659 d:RetirementBenefitObligationsDeferredTax 2022-12-31 12104659 c:FRS102 2023-01-01 2023-12-31 12104659 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12104659 c:FullAccounts 2023-01-01 2023-12-31 12104659 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12104659 d:ComputerSoftware d:InternallyGeneratedIntangibleAssets 2023-01-01 2023-12-31 12104659 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 12104659 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 12104659 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 12104659 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12104659










LONGBOW BARS & RESTAURANTS LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
LONGBOW BARS & RESTAURANTS LTD
REGISTERED NUMBER: 12104659

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
20,354
8,703

Tangible assets
 5 
1,414,001
1,069,557

  
1,434,355
1,078,260

Current assets
  

Stocks
  
17,898
49,864

Debtors: amounts falling due within one year
 6 
193,661
64,888

Cash at bank and in hand
  
170,288
305,300

  
381,847
420,052

Creditors: amounts falling due within one year
 7 
(932,185)
(807,512)

Net current liabilities
  
 
 
(550,338)
 
 
(387,460)

Total assets less current liabilities
  
884,017
690,800

Creditors: amounts falling due after more than one year
 8 
(316,947)
(216,734)

Provisions for liabilities
  

Deferred tax
 9 
(162,421)
(117,700)

Net assets
  
404,649
356,366


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
404,648
356,365

  
404,649
356,366


Page 1

 
LONGBOW BARS & RESTAURANTS LTD
REGISTERED NUMBER: 12104659
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 October 2024.




R G Hattersley
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
LONGBOW BARS & RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Longbow Bars & Restaurants Ltd is a private Company limited by shares, incorporated in England and Wales (registered number: 12104659). Its registered office is Units 8 Warren House, Deepdale Business Park, Ashford Road, Bakewell, DE45 1GT. The principal activity of the Company throughout the year continued to be that of hotels and restaurants. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
LONGBOW BARS & RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Website and software
-
3 years straight line

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Leasehold improvements
-
5 and 10 years straight line
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
15% reducing balance
Computer equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

Page 4

 
LONGBOW BARS & RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Government grants

Grants relating to expenditure on tangible fixed assets are credited to  the Statement of Income and Retained Earnings at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in  the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

Page 5

 
LONGBOW BARS & RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 110 (2022 - 114).

Page 6

 
LONGBOW BARS & RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Website and software

£



Cost


At 1 January 2023
20,428


Additions
19,255



At 31 December 2023

39,683



Amortisation


At 1 January 2023
11,725


Charge for the year on owned assets
7,604



At 31 December 2023

19,329



Net book value



At 31 December 2023
20,354



At 31 December 2022
8,703



Page 7

 
LONGBOW BARS & RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Leasehold improvements
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
312,325
42,500
945,594
24,920
1,325,339


Additions
365,909
34,022
200,195
14,043
614,169


Disposals
-
-
(78,238)
(7,185)
(85,423)



At 31 December 2023

678,234
76,522
1,067,551
31,778
1,854,085



Depreciation


At 1 January 2023
66,873
1,771
172,662
14,476
255,782


Charge for the year on owned assets
56,982
-
122,461
6,550
185,993


Charge for the year on financed assets
-
17,270
-
-
17,270


Disposals
-
-
(14,651)
(4,310)
(18,961)



At 31 December 2023

123,855
19,041
280,472
16,716
440,084



Net book value



At 31 December 2023
554,379
57,481
787,079
15,062
1,414,001



At 31 December 2022
245,452
40,729
772,932
10,444
1,069,557

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
57,481
40,729

Page 8

 
LONGBOW BARS & RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
290
21,660

Other debtors
165,707
-

Prepayments and accrued income
27,664
43,228

193,661
64,888



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
136,793
61,793

Trade creditors
172,798
171,685

Other taxation and social security
166,872
188,612

Obligations under hire purchase contracts
13,824
6,421

Other creditors
410,693
349,257

Accruals and deferred income
31,205
29,744

932,185
807,512


Included in creditors falling due within one year are secured liabilities in respect of bank loans of £136,793 (2022: £61,793).


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
265,013
183,056

Obligations under hire purchase contracts
51,934
33,678

316,947
216,734


Included in creditors falling due after more than one year are secured liabilities in respect of bank loans of £265,013 (2022: £183,056).
The bank loan amount falling due after more than five years is £9,092. 

Page 9

 
LONGBOW BARS & RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Deferred taxation




2023
2022


£

£






At beginning of year
117,700
29,700


Charged to the Statement of Income and Retained Earnings
44,721
88,000



At end of year
162,421
117,700

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
213,702
179,613

Tax losses carried forward
(50,740)
(61,359)

Pension surplus
(541)
(554)

162,421
117,700


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £71,809 (2022: £25,674). Contributions totalling £2,164 (2022: £2,218) were payable to the fund at the Balance Sheet date and are included in creditors.

 
Page 10