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Unaudited Financial Statements

for the Year Ended 30 June 2024

for

House Bars Ltd.

House Bars Ltd. (Registered number: 05647829)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


House Bars Ltd.

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs S Swinscoe
J Swinscoe





SECRETARY: J Swinscoe





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 05647829 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

House Bars Ltd. (Registered number: 05647829)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,330 38,659
Investment property 5 150,000 150,000
184,330 188,659

CURRENT ASSETS
Stocks 4,948 4,760
Debtors 6 24,121 36,106
Cash at bank and in hand 96,113 155,109
125,182 195,975
CREDITORS
Amounts falling due within one year 7 272,113 264,395
NET CURRENT LIABILITIES (146,931 ) (68,420 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,399

120,239

CREDITORS
Amounts falling due after more than one
year

8

(10,968

)

(20,846

)

PROVISIONS FOR LIABILITIES 10 (8,003 ) (8,957 )
NET ASSETS 18,428 90,436

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 18,426 90,434
SHAREHOLDERS' FUNDS 18,428 90,436

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

House Bars Ltd. (Registered number: 05647829)

Balance Sheet - continued
30 June 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





J Swinscoe - Director


House Bars Ltd. (Registered number: 05647829)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

House Bars Ltd. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

House Bars Ltd. (Registered number: 05647829)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 July 2023 103,248 20,026 425,572 548,846
Additions - 3,100 2,355 5,455
At 30 June 2024 103,248 23,126 427,927 554,301
DEPRECIATION
At 1 July 2023 103,248 12,298 394,641 510,187
Charge for year - 2,002 7,782 9,784
At 30 June 2024 103,248 14,300 402,423 519,971
NET BOOK VALUE
At 30 June 2024 - 8,826 25,504 34,330
At 30 June 2023 - 7,728 30,931 38,659

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 150,000
NET BOOK VALUE
At 30 June 2024 150,000
At 30 June 2023 150,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 16,838 30,360
Prepayments and accrued income 7,283 5,746
24,121 36,106

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 11,966 14,351
Trade creditors 85,103 129,925
Tax 201 1,353
Social security and other taxes 6,517 3,883
VAT 123,500 100,882
Other creditors 11,864 1,450
Net wages 21,546 -
Directors' current accounts 968 2,708
Accrued expenses 10,448 9,843
272,113 264,395

House Bars Ltd. (Registered number: 05647829)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 10,968 20,846

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 11,966 14,351

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,968 10,715

Amounts falling due between two and five years:
Bank loans - 2-5 years - 10,131

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 8,003 8,957

Deferred
tax
£   
Balance at 1 July 2023 8,957
Credit to Statement of Income and Retained Earnings during year (954 )
Balance at 30 June 2024 8,003

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

12. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr and Mrs J Swinscoe by virtue of their shareholdings.