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REGISTERED NUMBER: 04522992 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

THE ROYAL VENUE (CLEVELEYS) LIMITED

THE ROYAL VENUE (CLEVELEYS) LIMITED (REGISTERED NUMBER: 04522992)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE ROYAL VENUE (CLEVELEYS) LIMITED

COMPANY INFORMATION
for the year ended 30 November 2024







DIRECTORS: Miss J A Slack
Ms H L Smith
Mr M R Lee
Mr M W Hennessy-Walsh





REGISTERED OFFICE: 17 St Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 04522992 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

THE ROYAL VENUE (CLEVELEYS) LIMITED (REGISTERED NUMBER: 04522992)

BALANCE SHEET
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 306,839 311,428

CURRENT ASSETS
Stocks 50,725 55,679
Debtors 5 133,902 65,324
Cash at bank and in hand 25,167 74,508
209,794 195,511
CREDITORS
Amounts falling due within one year 6 (407,611 ) (422,548 )
NET CURRENT LIABILITIES (197,817 ) (227,037 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,022

84,391

CREDITORS
Amounts falling due after more than one
year

7

(8,544

)

(25,649

)

PROVISIONS FOR LIABILITIES (26,259 ) (21,023 )
NET ASSETS 74,219 37,719

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 74,119 37,619
SHAREHOLDERS' FUNDS 74,219 37,719

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

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

THE ROYAL VENUE (CLEVELEYS) LIMITED (REGISTERED NUMBER: 04522992)

BALANCE SHEET - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:





Miss J A Slack - Director


THE ROYAL VENUE (CLEVELEYS) LIMITED (REGISTERED NUMBER: 04522992)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2024

1. STATUTORY INFORMATION

The Royal Venue (Cleveleys) Limited 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 represents sales of goods and is shown net of VAT. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 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.

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.

THE ROYAL VENUE (CLEVELEYS) LIMITED (REGISTERED NUMBER: 04522992)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 32 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 311,693 262,749 480,794 2,356 1,057,592
Additions - 14,332 7,555 1,240 23,127
At 30 November 2024 311,693 277,081 488,349 3,596 1,080,719
DEPRECIATION
At 1 December 2023 118,826 219,000 405,988 2,350 746,164
Charge for year 6,234 8,712 12,354 416 27,716
At 30 November 2024 125,060 227,712 418,342 2,766 773,880
NET BOOK VALUE
At 30 November 2024 186,633 49,369 70,007 830 306,839
At 30 November 2023 192,867 43,749 74,806 6 311,428

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 391
Directors' loan accounts 80,778 39,730
Tax 27,262 -
Prepayments 25,862 25,203
133,902 65,324

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 93,538 87,392
Trade creditors 89,400 90,799
Tax 52,656 19,248
Social security and other taxes 26,233 42,940
VAT 55,711 57,464
Other creditors 65,842 91,243
Accruals and deferred income 24,231 33,462
407,611 422,548

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,544 25,649

THE ROYAL VENUE (CLEVELEYS) LIMITED (REGISTERED NUMBER: 04522992)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Miss J A Slack
Balance outstanding at start of year 39,681 -
Amounts advanced 152,584 111,915
Amounts repaid (111,537 ) (72,234 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 80,728 39,681

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.