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REGISTERED NUMBER: 11809258 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GETXO LTD
TRADING AS
THE OLD STAR ALE & CIDER HOUSE

GETXO LTD (REGISTERED NUMBER: 11809258)
TRADING AS THE OLD STAR ALE & CIDER HOUSE






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GETXO LTD
TRADING AS THE OLD STAR ALE & CIDER HOUSE

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Dr J Orman
Ms A F Churchward





REGISTERED OFFICE: The Mill Building
31-35 Chatsworth Road
Worthing
West Sussex
BN11 1LY





REGISTERED NUMBER: 11809258 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

GETXO LTD (REGISTERED NUMBER: 11809258)
TRADING AS THE OLD STAR ALE & CIDER HOUSE

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 29,227 31,314
Tangible assets 5 5,733 3,745
34,960 35,059

CURRENT ASSETS
Stocks 6 2,843 4,104
Debtors 7 5,309 5,250
Cash at bank and in hand 16,884 15,415
25,036 24,769
CREDITORS
Amounts falling due within one year 8 14,739 14,166
NET CURRENT ASSETS 10,297 10,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,257

45,662

PROVISIONS FOR LIABILITIES 9 1,089 712
NET ASSETS 44,168 44,950

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 44,166 44,948
SHAREHOLDERS' FUNDS 44,168 44,950

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

GETXO LTD (REGISTERED NUMBER: 11809258)
TRADING AS THE OLD STAR ALE & CIDER HOUSE

BALANCE SHEET - continued
31 DECEMBER 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 21 February 2025 and were signed on its behalf by:




Ms A F Churchward - Director



Dr J Orman - Director


GETXO LTD (REGISTERED NUMBER: 11809258)
TRADING AS THE OLD STAR ALE & CIDER HOUSE

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

1. STATUTORY INFORMATION

Getxo Ltd 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 net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

GETXO LTD (REGISTERED NUMBER: 11809258)
TRADING AS THE OLD STAR ALE & CIDER HOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 41,749
AMORTISATION
At 1 January 2024 10,435
Amortisation for year 2,087
At 31 December 2024 12,522
NET BOOK VALUE
At 31 December 2024 29,227
At 31 December 2023 31,314

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 4,289 5,250 474 10,013
Additions 558 2,815 183 3,556
At 31 December 2024 4,847 8,065 657 13,569
DEPRECIATION
At 1 January 2024 2,092 4,004 172 6,268
Charge for year 647 799 122 1,568
At 31 December 2024 2,739 4,803 294 7,836
NET BOOK VALUE
At 31 December 2024 2,108 3,262 363 5,733
At 31 December 2023 2,197 1,246 302 3,745

6. STOCKS
2024 2023
£    £   
Stocks 2,843 4,104

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,309 5,250

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 6,719 6,914
Social security and other taxes 210 228
VAT 5,120 5,054
Directors' current accounts 1,407 1,047
Accrued expenses 1,283 923
14,739 14,166

GETXO LTD (REGISTERED NUMBER: 11809258)
TRADING AS THE OLD STAR ALE & CIDER HOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Deferred Tax Brought Forward 712 704
Deferred Tax Provision Release 377 8
1,089 712

Deferred
tax
£   
Balance at 1 January 2024 712
Provided during year 377
Accelerated Capital Allowances
Balance at 31 December 2024 1,089

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Dr J Orman increased his loan to the company. As at 31 December 2024, the company owed him £704 (2023: £523). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

During the year, Ms A F Churchward increased her loan to the company. As at 31 December 2024, the company owed her £704 (2023: £523). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.

This was by virtue of their 100% holding of the issued share capital.