Company registration number 11271627 (England and Wales)
LUNAR PUB COMPANY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
LUNAR PUB COMPANY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
LUNAR PUB COMPANY LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,304,153
1,131,510
Current assets
Stocks
51,724
31,850
Debtors
4
477,701
317,622
Cash at bank and in hand
122,963
63,646
652,388
413,118
Creditors: amounts falling due within one year
5
(1,172,188)
(1,263,629)
Net current liabilities
(519,800)
(850,511)
Net assets
784,353
280,999
Capital and reserves
Called up share capital
7
1,263,902
1,000,719
Share premium account
907,966
266,552
Profit and loss reserves
(1,387,515)
(986,272)
Total equity
784,353
280,999

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 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 members have 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 17 January 2025 and are signed on its behalf by:
Mr H J Beatson-Hird
Mr O N Marlowe
Director
Director
Company registration number 11271627 (England and Wales)
LUNAR PUB COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Lunar Pub Company Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 86 Fulham Road, London, England, SW3 6HR.

1.1
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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

The company has net current liabilities of £519,800 (2023: £850,511) and net assets of £784,353 (2023: £280,999). Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
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:

Leasehold improvements
10% Straight line
Fixtures and fittings
10% Straight line
Computers
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.

LUNAR PUB COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
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.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
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.

1.9
Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

LUNAR PUB COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.10
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

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

2024
2023
Number
Number
Total
76
47
3
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 April 2023
1,020,140
423,260
9,264
1,452,664
Additions
283,341
55,134
14,170
352,645
Disposals
-
0
(1,025)
-
0
(1,025)
At 31 March 2024
1,303,481
477,369
23,434
1,804,284
Depreciation and impairment
At 1 April 2023
219,084
100,044
2,026
321,154
Depreciation charged in the year
130,348
46,777
2,014
179,139
Eliminated in respect of disposals
-
0
(162)
-
0
(162)
At 31 March 2024
349,432
146,659
4,040
500,131
Carrying amount
At 31 March 2024
954,049
330,710
19,394
1,304,153
At 31 March 2023
801,056
323,216
7,238
1,131,510
LUNAR PUB COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
477,701
317,622
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
49,212
50,561
Trade creditors
517,988
386,285
Taxation and social security
402,573
251,553
Other creditors
202,415
575,230
1,172,188
1,263,629
6
Share-based payment transactions
Liabilities and expenses

During the year, the company recognised total share-based payment expenses of £260,160 (2023 - £158,250) which related to equity settled share based payment transactions.

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
1,263,902
1,000,719
1,263,902
1,000,719

During the year the company issued 263,184 ordinary shares with share capital of £1 each. Of this:

payment

8
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
3,206,827
3,616,392
LUNAR PUB COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
9
Directors' transactions

The total amount overdrawn at the yearend was £97,060. The full amount of the loan was repaid within nine months of the yearend.

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Mr H J Beatson-Hird
2.25
517
76,613
1,278
(12,339)
66,069
Mr O N Marlowe
2.25
517
273,723
497
(243,746)
30,991
1,034
350,336
1,775
(256,085)
97,060
2024-03-312023-04-01false17 January 2025CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr H J Beatson-HirdMr O N MarloweMr N J FreemanMr J D Beatson-Hirdfalsefalse112716272023-04-012024-03-31112716272024-03-31112716272023-03-3111271627core:LeaseholdImprovements2024-03-3111271627core:FurnitureFittings2024-03-3111271627core:ComputerEquipment2024-03-3111271627core:LeaseholdImprovements2023-03-3111271627core:FurnitureFittings2023-03-3111271627core:ComputerEquipment2023-03-3111271627core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3111271627core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3111271627core:CurrentFinancialInstruments2024-03-3111271627core:CurrentFinancialInstruments2023-03-3111271627core:ShareCapital2024-03-3111271627core:ShareCapital2023-03-3111271627core:SharePremium2024-03-3111271627core:SharePremium2023-03-3111271627core:RetainedEarningsAccumulatedLosses2024-03-3111271627core:RetainedEarningsAccumulatedLosses2023-03-3111271627bus:Director12023-04-012024-03-3111271627bus:Director22023-04-012024-03-3111271627core:LeaseholdImprovements2023-04-012024-03-3111271627core:FurnitureFittings2023-04-012024-03-3111271627core:ComputerEquipment2023-04-012024-03-31112716272022-04-012023-03-3111271627core:LeaseholdImprovements2023-03-3111271627core:FurnitureFittings2023-03-3111271627core:ComputerEquipment2023-03-31112716272023-03-3111271627core:WithinOneYear2024-03-3111271627core:WithinOneYear2023-03-3111271627bus:PrivateLimitedCompanyLtd2023-04-012024-03-3111271627bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111271627bus:FRS1022023-04-012024-03-3111271627bus:AuditExemptWithAccountantsReport2023-04-012024-03-3111271627bus:Director32023-04-012024-03-3111271627bus:Director42023-04-012024-03-3111271627bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP