BrightAccountsProduction v1.0.0 v1.0.0 2023-06-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts Public house 20 January 2025 0 0 12014685 2024-05-31 12014685 2023-05-31 12014685 2022-05-31 12014685 2023-06-01 2024-05-31 12014685 2022-06-01 2023-05-31 12014685 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12014685 uk-curr:PoundSterling 2023-06-01 2024-05-31 12014685 uk-bus:AbridgedAccounts 2023-06-01 2024-05-31 12014685 uk-core:ShareCapital 2024-05-31 12014685 uk-core:ShareCapital 2023-05-31 12014685 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 12014685 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 12014685 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-05-31 12014685 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-05-31 12014685 uk-bus:FRS102 2023-06-01 2024-05-31 12014685 uk-core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 12014685 2023-06-01 2024-05-31 12014685 uk-bus:Director1 2023-06-01 2024-05-31 12014685 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Audentes Leisure Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 May 2024



Audentes Leisure Ltd
Company Registration Number: 12014685
ABRIDGED STATEMENT OF FINANCIAL POSITION
as at 31 May 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 11,513 9,706
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Current Assets
Stocks 8,946 6,661
Debtors 20,460 4,316
Cash and cash equivalents 58,953 75,146
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88,359 86,123
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Creditors: amounts falling due within one year (97,048) (40,169)
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Net Current (Liabilities)/Assets (8,689) 45,954
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Total Assets less Current Liabilities 2,824 55,660
 
Provisions for liabilities (2,303) (1,845)
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Net Assets 521 53,815
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Capital and Reserves
Called up share capital 100 100
Retained earnings 421 53,715
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Shareholders' Funds 521 53,815
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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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement and Director's Report.
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 20 January 2025
           
           
           
________________________________          
Bryan Mackinnon          
Director          
           



Audentes Leisure Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 May 2024

   
1. General Information
 
Audentes Leisure Ltd is a company limited by shares incorporated and registered in England. The registered number of the company is 12014685. The registered office of the company is The Farmers Arms Inn, Northside, Scorton, Richmond, North Yorkshire, DL10 6DW, United Kingdom which is also the principal place of business of the company. Public house The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 May 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 25% Reducing Balance / 33% Straight Line
 
Stocks
Stocks are valued at the lower of cost and net realisable value.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 10, (2023 - 9).
       
4. Property, plant and equipment
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 June 2023 15,444 15,444
Additions 5,141 5,141
  ───────── ─────────
At 31 May 2024 20,585 20,585
  ───────── ─────────
Depreciation
At 1 June 2023 5,738 5,738
Charge for the financial year 3,334 3,334
  ───────── ─────────
At 31 May 2024 9,072 9,072
  ───────── ─────────
Net book value
At 31 May 2024 11,513 11,513
  ═════════ ═════════
At 31 May 2023 9,706 9,706
  ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 May 2024.
   
6. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.