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REGISTERED NUMBER: 11528859 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Distinctive Bars Limited

Distinctive Bars Limited (Registered number: 11528859)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Distinctive Bars Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mrs L Jones-Roberts





REGISTERED OFFICE: 15 Station Road East
Canterbury
Kent
CT1 2RB





REGISTERED NUMBER: 11528859 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

Distinctive Bars Limited (Registered number: 11528859)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,180,717 3,110,427

CURRENT ASSETS
Stocks 36,771 76,071
Debtors 5 629,042 276,590
Cash at bank and in hand 415,729 791,108
1,081,542 1,143,769
CREDITORS
Amounts falling due within one year 6 1,179,688 1,542,332
NET CURRENT LIABILITIES (98,146 ) (398,563 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,082,571

2,711,864

PROVISIONS FOR LIABILITIES 92,734 46,433
NET ASSETS 2,989,837 2,665,431

CAPITAL AND RESERVES
Called up share capital 7 775,413 725,413
Retained earnings 2,214,424 1,940,018
SHAREHOLDERS' FUNDS 2,989,837 2,665,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Distinctive Bars Limited (Registered number: 11528859)

Balance Sheet - continued
31 August 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 director and authorised for issue on 20 February 2025 and were signed by:





Mrs L Jones-Roberts - Director


Distinctive Bars Limited (Registered number: 11528859)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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.

Preference dividend account
In line with the company Articles of Association and Memorandum the company operates a Preference Dividend Account which receives Preference Dividends as due payable on the B Ordinary shares. The dividends are declared at a fixed amount as agreed per the Articles of Association, on an annual basis.

Distinctive Bars Limited (Registered number: 11528859)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 50 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Leasehold to
property property property
£    £    £   
COST
At 1 September 2023 2,887,162 6,500 -
Additions - - 42,143
At 31 August 2024 2,887,162 6,500 42,143
DEPRECIATION
At 1 September 2023 - - -
Charge for year - - -
At 31 August 2024 - - -
NET BOOK VALUE
At 31 August 2024 2,887,162 6,500 42,143
At 31 August 2023 2,887,162 6,500 -

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2023 300,021 - 3,193,683
Additions 25,489 51,995 119,627
At 31 August 2024 325,510 51,995 3,313,310
DEPRECIATION
At 1 September 2023 83,256 - 83,256
Charge for year 36,338 12,999 49,337
At 31 August 2024 119,594 12,999 132,593
NET BOOK VALUE
At 31 August 2024 205,916 38,996 3,180,717
At 31 August 2023 216,765 - 3,110,427

Distinctive Bars Limited (Registered number: 11528859)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,461 -
Other debtors - 1,449
Trust distributions 10,556 10,556
Festival deposits - 35,200
GE & CP Jones 19,701 47,000
Inter company balances 558,097 159,883
Prepayments and accrued income 30,227 22,502
629,042 276,590

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 71,759 115,418
Tax 7,414 151,551
Social security and other taxes 5,445 27,573
VAT 83,642 14,516
Other creditors 44,241 44,241
Pension fund 994 -
BE Jones 520,235 509,565
Unight 201,702 224,581
GE Jones settlement trust - 11,875
CP Jones settlement trust - 11,875
Directors' current accounts 238,316 425,197
Accruals and deferred income 5,940 5,940
1,179,688 1,542,332

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
543,624 A Ordinary 1 449,857 449,857
275,556 B Ordinary 1 325,556 275,556
775,413 725,413