Registered number
08901907
Elmley Castle Pubco Limited
Filleted Accounts
29 February 2024
Elmley Castle Pubco Limited
Registered number: 08901907
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 50,803 64,000
Current assets
Stocks 10,000 10,000
Debtors 4 4,390 4,390
Cash at bank and in hand 44,932 49,548
59,322 63,938
Creditors: amounts falling due within one year 5 (61,036) (41,907)
Net current (liabilities)/assets (1,714) 22,031
Total assets less current liabilities 49,089 86,031
Creditors: amounts falling due after more than one year 6 (69,151) (69,751)
Net (liabilities)/assets (20,062) 16,280
Capital and reserves
Called up share capital 295,152 295,152
Profit and loss account (315,214) (278,872)
Shareholders' funds (20,062) 16,280
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Neil Lavender Jones
Director
Approved by the board on 11 October 2024
Elmley Castle Pubco Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 27 22
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2023 106,607 116,163 222,770
Additions 500 3,985 4,485
At 29 February 2024 107,107 120,148 227,255
Depreciation
At 1 March 2023 86,251 72,519 158,770
Charge for the year 10,661 7,021 17,682
At 29 February 2024 96,912 79,540 176,452
Net book value
At 29 February 2024 10,195 40,608 50,803
At 28 February 2023 20,356 43,644 64,000
4 Debtors 2024 2023
Other debtors 4,390 4,390
5 Creditors: amounts falling due within one year 2024 2023
Trade creditors 41,347 12,036
Taxation and social security costs 19,689 14,659
Other creditors - 15,212
61,036 41,907
6 Creditors: amounts falling due after one year 2024 2023
Other creditors 69,151 69,751
7 Other information
Elmley Castle Pubco Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Queen Elizabeth Inn
Main Street
Elmley Castle
Worcestershire
WR10 3HS
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