Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3111The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseThe principal activity of the company in the year under review was that of public house and bar services11falsetruefalse 11082090 2023-04-01 2024-03-31 11082090 2022-04-01 2023-03-31 11082090 2024-03-31 11082090 2023-03-31 11082090 c:Director1 2023-04-01 2024-03-31 11082090 d:FurnitureFittings 2023-04-01 2024-03-31 11082090 d:FurnitureFittings 2024-03-31 11082090 d:FurnitureFittings 2023-03-31 11082090 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11082090 d:CurrentFinancialInstruments 2024-03-31 11082090 d:CurrentFinancialInstruments 2023-03-31 11082090 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11082090 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11082090 d:ShareCapital 2024-03-31 11082090 d:ShareCapital 2023-03-31 11082090 d:RetainedEarningsAccumulatedLosses 2024-03-31 11082090 d:RetainedEarningsAccumulatedLosses 2023-03-31 11082090 c:FRS102 2023-04-01 2024-03-31 11082090 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11082090 c:FullAccounts 2023-04-01 2024-03-31 11082090 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11082090 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11082090










VILLAGE INN (KILLAY) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
VILLAGE INN (KILLAY) LIMITED
REGISTERED NUMBER: 11082090

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,629
5,169

  
1,629
5,169

Current assets
  

Stocks
  
8,000
8,000

Debtors: amounts falling due within one year
 6 
8,625
2,062

Cash at bank and in hand
 7 
104,913
109,144

  
121,538
119,206

Creditors: amounts falling due within one year
 8 
(50,920)
(74,365)

Net current assets
  
 
 
70,618
 
 
44,841

Total assets less current liabilities
  
72,247
50,010

Provisions for liabilities
  

Deferred tax
  
(407)
(1,119)

  
 
 
(407)
 
 
(1,119)

Net assets
  
71,840
48,891


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
71,740
48,791

  
71,840
48,891


Page 1

 
VILLAGE INN (KILLAY) LIMITED
REGISTERED NUMBER: 11082090

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 February 2025.




Philip Martyn Jenkins
Director

Page 2

 
VILLAGE INN (KILLAY) LIMITED
 

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

1.


General information

Village Inn (Killay) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:
Registered number: 11082090
Registered office:  5-6 Swan Court The Precinct
    Killay
    Swansea
    SA2 7BA
The presentation currency of the financial statements is the Pound Sterling (£).
Monetary amounts in these financial statements are rounded to the nearest (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 have been prepared under the historical cost convention.

The following principal accounting policies have been applied:

 
2.2

Going concern

In preparing the financial statements, the directors have considered the current financial position of the company and have concluded that it is appropriate to prepare the financial statements on a going concern basis. In forming this conclusion, the directors have considered the company's net assets and the profit reported in the current financial year.
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and to meet its financial obligations as they fall due. Accordingly, the directors continue to adopt the going concern basis in preparing the annual report and accounts.

  
2.3

Turnover

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

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
VILLAGE INN (KILLAY) LIMITED
 

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

2.Accounting policies (continued)

  
2.5

Taxation

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

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling prices less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At the balance sheet date, stocks are assessed for impairment. If stock is 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.

Page 4

 
VILLAGE INN (KILLAY) LIMITED
 

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

3.


Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.
Provisions and contingencies
Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed in an inflow of economic benefits is probable.


4.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 11).

Page 5

 
VILLAGE INN (KILLAY) LIMITED
 

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

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
42,861



At 31 March 2024

42,861



Depreciation


At 1 April 2023
37,692


Charge for the year on owned assets
3,540



At 31 March 2024

41,232



Net book value



At 31 March 2024
1,629



At 31 March 2023
5,169


6.


Debtors

2024
2023
£
£


Prepayments and accrued income
8,625
2,062

8,625
2,062



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
104,913
109,144

104,913
109,144


Page 6

 
VILLAGE INN (KILLAY) LIMITED
 

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

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
27,627
17,650

Other taxation and social security
15,438
11,044

Other creditors
4,755
41,231

Accruals and deferred income
3,100
4,440

50,920
74,365



9.


Directors' Advances, Credits and Guarantees

Included in other creditors is £4,616 (2023 - £39,900) due to the directors. The balance is interest free and there are no set repayment terms.

Page 7