Delme Arms Limited 09116416 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of a public house Digita Accounts Production Advanced 6.30.9574.0 true 09116416 2023-08-01 2024-07-31 09116416 2024-07-31 09116416 bus:OrdinaryShareClass1 2024-07-31 09116416 core:RetainedEarningsAccumulatedLosses 2024-07-31 09116416 core:ShareCapital 2024-07-31 09116416 core:CurrentFinancialInstruments 2024-07-31 09116416 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 09116416 core:FurnitureFittingsToolsEquipment 2024-07-31 09116416 core:LandBuildings 2024-07-31 09116416 bus:SmallEntities 2023-08-01 2024-07-31 09116416 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 09116416 bus:FilletedAccounts 2023-08-01 2024-07-31 09116416 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09116416 bus:RegisteredOffice 2023-08-01 2024-07-31 09116416 bus:Director1 2023-08-01 2024-07-31 09116416 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 09116416 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09116416 bus:Agent1 2023-08-01 2024-07-31 09116416 core:FurnitureFittings 2023-08-01 2024-07-31 09116416 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 09116416 core:LandBuildings 2023-08-01 2024-07-31 09116416 countries:England 2023-08-01 2024-07-31 09116416 2023-07-31 09116416 core:FurnitureFittingsToolsEquipment 2023-07-31 09116416 core:LandBuildings 2023-07-31 09116416 2022-08-01 2023-07-31 09116416 2023-07-31 09116416 bus:OrdinaryShareClass1 2023-07-31 09116416 core:RetainedEarningsAccumulatedLosses 2023-07-31 09116416 core:ShareCapital 2023-07-31 09116416 core:CurrentFinancialInstruments 2023-07-31 09116416 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 09116416 core:FurnitureFittingsToolsEquipment 2023-07-31 09116416 core:LandBuildings 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09116416

Delme Arms Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Delme Arms Limited

Contents

Accountants' Report

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Delme Arms Limited
for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Delme Arms Limited for the year ended 31 July 2024 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Delme Arms Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Delme Arms Limited and state those matters that we have agreed to state to the Board of Directors of Delme Arms Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Delme Arms Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Delme Arms Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Delme Arms Limited. You consider that Delme Arms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Delme Arms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

7 February 2025

 

Delme Arms Limited

(Registration number: 09116416)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

13,732

15,963

Current assets

 

Stocks

5

9,500

8,000

Debtors

6

67,222

70,914

Cash at bank and in hand

 

2,331

3,653

 

79,053

82,567

Creditors: Amounts falling due within one year

7

(61,271)

(63,967)

Net current assets

 

17,782

18,600

Net assets

 

31,514

34,563

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

31,513

34,562

Shareholders' funds

 

31,514

34,563

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 February 2025
 

.........................................
N Matthews
Director

 

Delme Arms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Delme Arms
1 Cams Hill
Fareham
Hampshire
PO16 8QY

These financial statements were authorised for issue by the director on 7 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Delme Arms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold premises

over the term of the lease

Fixtures and fittings

20% written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Delme Arms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 5).

 

Delme Arms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

3,554

49,939

53,493

Additions

-

1,538

1,538

Disposals

-

(373)

(373)

At 31 July 2024

3,554

51,104

54,658

Depreciation

At 1 August 2023

3,198

34,332

37,530

Charge for the year

356

3,327

3,683

Eliminated on disposal

-

(287)

(287)

At 31 July 2024

3,554

37,372

40,926

Carrying amount

At 31 July 2024

-

13,732

13,732

At 31 July 2023

356

15,607

15,963

Included within the net book value of land and buildings above is £ (2023 - £355) in respect of short leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

9,500

8,000

6

Debtors

Current

2024
£

2023
£

Prepayments

3,375

2,065

Other debtors

63,847

68,849

 

67,222

70,914

 

Delme Arms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

24,613

34,602

Trade creditors

 

20,553

5,734

Taxation and social security

 

6,956

5,381

Accruals and deferred income

 

8,430

16,991

Other creditors

 

719

1,259

 

61,271

63,967

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

1

1

1

1