Chef Duncan Jones Limited 12003731 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is is that of a public house and restaurant with rooms. Digita Accounts Production Advanced 6.30.9574.0 true 12003731 2023-06-01 2024-05-31 12003731 2024-05-31 12003731 core:CurrentFinancialInstruments 2024-05-31 12003731 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 12003731 core:Non-currentFinancialInstruments 2024-05-31 12003731 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 12003731 core:OtherResidualIntangibleAssets 2024-05-31 12003731 core:FurnitureFittings 2024-05-31 12003731 core:OfficeEquipment 2024-05-31 12003731 core:PlantMachinery 2024-05-31 12003731 bus:SmallEntities 2023-06-01 2024-05-31 12003731 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 12003731 bus:FilletedAccounts 2023-06-01 2024-05-31 12003731 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12003731 bus:RegisteredOffice 2023-06-01 2024-05-31 12003731 bus:Director1 2023-06-01 2024-05-31 12003731 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12003731 core:IntangibleAssetsOtherThanGoodwill 2023-06-01 2024-05-31 12003731 core:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 12003731 core:FurnitureFittings 2023-06-01 2024-05-31 12003731 core:OfficeEquipment 2023-06-01 2024-05-31 12003731 core:PlantMachinery 2023-06-01 2024-05-31 12003731 countries:EnglandWales 2023-06-01 2024-05-31 12003731 2023-05-31 12003731 core:OtherResidualIntangibleAssets 2023-05-31 12003731 core:FurnitureFittings 2023-05-31 12003731 core:OfficeEquipment 2023-05-31 12003731 core:PlantMachinery 2023-05-31 12003731 2022-06-01 2023-05-31 12003731 2023-05-31 12003731 core:CurrentFinancialInstruments 2023-05-31 12003731 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 12003731 core:Non-currentFinancialInstruments 2023-05-31 12003731 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 12003731 core:OtherResidualIntangibleAssets 2023-05-31 12003731 core:FurnitureFittings 2023-05-31 12003731 core:OfficeEquipment 2023-05-31 12003731 core:PlantMachinery 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 12003731

Chef Duncan Jones Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Chef Duncan Jones Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Chef Duncan Jones Limited

(Registration number: 12003731)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

53,850

60,126

Tangible assets

5

11,496

18,707

 

65,346

78,833

Current assets

 

Stocks

6

6,664

7,550

Debtors

7,547

4,247

Cash at bank and in hand

 

14,424

14,252

 

28,635

26,049

Creditors: Amounts falling due within one year

7

(140,589)

(142,958)

Net current liabilities

 

(111,954)

(116,909)

Total assets less current liabilities

 

(46,608)

(38,076)

Creditors: Amounts falling due after more than one year

7

(111,817)

(103,146)

Net liabilities

 

(158,425)

(141,222)

Capital and reserves

 

Called up share capital

125

125

Share premium reserve

19,975

19,975

Retained earnings

(178,525)

(161,322)

Shareholders' deficit

 

(158,425)

(141,222)

 

Chef Duncan Jones Limited

(Registration number: 12003731)
Balance Sheet as at 31 May 2024

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 February 2025 and signed on its behalf by:
 

.........................................
Mr D Jones
Director

 

Chef Duncan Jones Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
31a Charnham Street
Hungerford
Berkshire
RG17 0EJ
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Chef Duncan Jones Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% reducing balance

Plant and machinery

20% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Lease of public house

Over leasehold

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Chef Duncan Jones Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2023 - 16).

4

Intangible assets

Lease
£

Total
£

Cost or valuation

At 1 June 2023

82,615

82,615

At 31 May 2024

82,615

82,615

Amortisation

At 1 June 2023

22,489

22,489

Amortisation charge

6,276

6,276

At 31 May 2024

28,765

28,765

Carrying amount

At 31 May 2024

53,850

53,850

At 31 May 2023

60,126

60,126

 

Chef Duncan Jones Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 June 2023

23,259

21,671

3,855

48,785

Additions

-

-

941

941

At 31 May 2024

23,259

21,671

4,796

49,726

Depreciation

At 1 June 2023

11,726

16,312

2,040

30,078

Charge for the year

2,975

4,668

509

8,152

At 31 May 2024

14,701

20,980

2,549

38,230

Carrying amount

At 31 May 2024

8,558

691

2,247

11,496

At 31 May 2023

11,533

5,359

1,815

18,707

6

Stocks

2024
£

2023
£

Other inventories

6,664

7,550

 

Chef Duncan Jones Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

16,119

16,112

Trade creditors

 

34,207

24,733

Taxation and social security

 

16,456

15,792

Other creditors

 

73,807

86,321

 

140,589

142,958

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

111,817

103,146

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

5,587

5,580

Other borrowings

10,532

10,532

16,119

16,112

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

27,747

33,309

Other borrowings

84,070

69,837

111,817

103,146

 

Chef Duncan Jones Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

The company has debentures totalling £69,837. The term of the debentures is a non-fixed term but with a minimum of 2 years from the date of the agreement, with an option to redeem from either parties named in the agreement on the 2nd anniversary of the agreement and every 2nd year following, with 6 months’ notice in writing to activate the early termination of the agreement. The Debentures are secured against Chef Duncan Jones Ltd trading at The Fives Bells at Wickham, 108 Baydon Road, Wickham RG20 8HH.
 

9

Related party transactions

Other transactions with directors

Included in other creditors at the year end is a balance due to the directors of £55,930 (2023 - £55,618).

10

Financial commitments, guarantees and contingencies

Rental lease
The company entered into a rental lease in November 2019 with a remaining term of 13 years, this was then extended by a further 5 years. Under normal circumstances the annual rental commitment would be £46,537.38 (net of VAT), which increases each year with the retail price index, until the end of the lease in 2037. The increase for the year to 2020/21 was 2.6%. Due to the impact of COVID-19 the landlord reduced the rent during the year to 31 May 2021. The amount charged in the year to May 2021 was £17,754. The amount charged in the year to May 2022 was £49,627. The amount charged in the year to May 2023 was £48,464. The amount charged in the year to 31 May 2024 is £62,264.