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REGISTERED NUMBER: 11079864 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE TIPSY COW MICROBAR LIMITED

THE TIPSY COW MICROBAR LIMITED (REGISTERED NUMBER: 11079864)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE TIPSY COW MICROBAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J Brennan
Mrs J Wainwright
P S Wainwright





REGISTERED OFFICE: 12b Commercial Road
Skelmanthorpe
Huddersfield
HD8 9DA





REGISTERED NUMBER: 11079864 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

THE TIPSY COW MICROBAR LIMITED (REGISTERED NUMBER: 11079864)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 170,000 170,000

CURRENT ASSETS
Debtors 5 288 770
Cash at bank 2,661 933
2,949 1,703
CREDITORS
Amounts falling due within one year 6 117,002 42,761
NET CURRENT LIABILITIES (114,053 ) (41,058 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,947

128,942

CREDITORS
Amounts falling due after more than one
year

7

-

(76,721

)

PROVISIONS FOR LIABILITIES 9 (6,504 ) (6,504 )
NET ASSETS 49,443 45,717

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 27,726 27,726
Retained earnings 21,617 17,891
SHAREHOLDERS' FUNDS 49,443 45,717

THE TIPSY COW MICROBAR LIMITED (REGISTERED NUMBER: 11079864)

BALANCE SHEET - continued
31 MARCH 2024


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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





Mrs J Wainwright - Director


THE TIPSY COW MICROBAR LIMITED (REGISTERED NUMBER: 11079864)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

The Tipsy Cow Microbar Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 170,000
NET BOOK VALUE
At 31 March 2024 170,000
At 31 March 2023 170,000

THE TIPSY COW MICROBAR LIMITED (REGISTERED NUMBER: 11079864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 28,572
Cost 141,428
170,000

Investment properties have been revalued by the directors based on currently available market data.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT - 478
Prepayments 288 292
288 770

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 76,721 5,090
Tax 874 473
Directors' current accounts 38,448 36,274
Accrued expenses 959 924
117,002 42,761

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal - 76,721

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 76,721

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 76,721 81,811

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,504 6,504

THE TIPSY COW MICROBAR LIMITED (REGISTERED NUMBER: 11079864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 6,504
Balance at 31 March 2024 6,504

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 27,726