Company registration number 11521529 (England and Wales)
Langthorpe Pub Company Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 August 2024
PAGES FOR FILING WITH REGISTRAR
Langthorpe Pub Company Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Langthorpe Pub Company Ltd
Statement Of Financial Position
as at 31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
66,888
70,407
Current assets
Stocks
8,678
9,375
Debtors
4
53,440
55,448
Cash at bank and in hand
15,537
7,251
77,655
72,074
Creditors: amounts falling due within one year
5
(28,975)
(22,062)
Net current assets
48,680
50,012
Total assets less current liabilities
115,568
120,419
Creditors: amounts falling due after more than one year
6
(26,475)
(32,178)
Provisions for liabilities
(12,749)
(13,377)
Net assets
76,344
74,864
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
76,342
74,862
Total equity
76,344
74,864
Langthorpe Pub Company Ltd
Statement Of Financial Position (continued)
as at 31 August 2024
- 2 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 9 January 2025 and are signed on its behalf by:
S K Winder
Director
Company Registration No. 11521529
Langthorpe Pub Company Ltd
Notes to the financial statements
for the year ended 31 August 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Turnover is recognised on a cash basis.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
10% straight line

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Langthorpe Pub Company Ltd
Notes to the financial statements (continued)
for the year ended 31 August 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
7
8
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 September 2023
90,789
Additions
5,833
At 31 August 2024
96,622
Depreciation and impairment
At 1 September 2023
20,382
Depreciation charged in the year
9,352
At 31 August 2024
29,734
Carrying amount
At 31 August 2024
66,888
At 31 August 2023
70,407
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
53,440
55,448
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,000
5,750
Trade creditors
6,365
6,153
Corporation tax
7,854
379
Other taxation and social security
4,280
3,924
Other creditors
5,476
5,856
28,975
22,062
Langthorpe Pub Company Ltd
Notes to the financial statements (continued)
for the year ended 31 August 2024
- 5 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
26,475
32,178
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
2
2
2
2
8
Company information

Langthorpe Pub Company Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Orchard Cottage, Skelton Road, Langthorpe, Boroughbridge, North Yorkshire, YO51 9BZ.

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