Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3122023-04-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10050277 2023-04-01 2024-03-31 10050277 2022-04-01 2023-03-31 10050277 2024-03-31 10050277 2023-03-31 10050277 c:Director1 2023-04-01 2024-03-31 10050277 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 10050277 d:Buildings d:LongLeaseholdAssets 2024-03-31 10050277 d:Buildings d:LongLeaseholdAssets 2023-03-31 10050277 d:FurnitureFittings 2023-04-01 2024-03-31 10050277 d:FurnitureFittings 2024-03-31 10050277 d:FurnitureFittings 2023-03-31 10050277 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10050277 d:ComputerEquipment 2023-04-01 2024-03-31 10050277 d:ComputerEquipment 2024-03-31 10050277 d:ComputerEquipment 2023-03-31 10050277 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10050277 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10050277 d:CurrentFinancialInstruments 2024-03-31 10050277 d:CurrentFinancialInstruments 2023-03-31 10050277 d:Non-currentFinancialInstruments 2024-03-31 10050277 d:Non-currentFinancialInstruments 2023-03-31 10050277 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10050277 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10050277 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10050277 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10050277 d:ShareCapital 2024-03-31 10050277 d:ShareCapital 2023-03-31 10050277 d:RetainedEarningsAccumulatedLosses 2024-03-31 10050277 d:RetainedEarningsAccumulatedLosses 2023-03-31 10050277 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10050277 c:OrdinaryShareClass1 2024-03-31 10050277 c:OrdinaryShareClass1 2023-03-31 10050277 c:FRS102 2023-04-01 2024-03-31 10050277 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10050277 c:FullAccounts 2023-04-01 2024-03-31 10050277 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10050277 2 2023-04-01 2024-03-31 10050277 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2024-03-31 10050277 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-03-31 10050277 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10050277












PUB AND ROOMS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
PUB AND ROOMS LIMITED
REGISTERED NUMBER:10050277

BALANCE SHEET
AS AT 31 MARCH 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
866,635
1,008,079

  
866,635
1,008,079

Current assets
  

Debtors: amounts falling due within one year
 5 
33,158
35,265

Cash at bank and in hand
 6 
2,419
40,867

  
35,577
76,132

Creditors: amounts falling due within one year
 7 
(1,230,610)
(1,342,670)

Net current liabilities
  
 
 
(1,195,033)
 
 
(1,266,538)

Total assets less current liabilities
  
(328,398)
(258,459)

Creditors: amounts falling due after more than one year
 8 
-
(498)

  

Net liabilities
  
(328,398)
(258,957)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(328,498)
(259,057)

  
(328,398)
(258,957)


Page 1

 
PUB AND ROOMS LIMITED
REGISTERED NUMBER:10050277
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M H Tillman
Director

Date: 28 February 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PUB AND ROOMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Pub and Rooms Limited is a private company, limited by shares, registered in England and Wales, registration number 10050277. The registered office address is 18 Bristol Gardens, London, W9 2JQ.

The principal activity of the company continued to be that of management of bars, hotels and similar accommodations. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.

  
2.2

Functional and presentational currency

The company's functional and presentational currency is pound sterling.
 
 
2.3

Going concern

On the basis of information and enquiries that are pertinent to the company’s circumstances and which the directors believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular the directors believe that adequate cash resources will be available to cover the company’s requirements for working capital for at least twelve months from the date of signing the financial statements.

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover from rental income is recognised at the rental due date.
 
 
2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
PUB AND ROOMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
5%
straight-line
Fixtures and fittings
-
20%
straight-line
Computer equipment
-
20%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

 Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.11

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.12

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, and loans with related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
PUB AND ROOMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost


At 1 April 2023
500,167
631,630
6,351
1,138,148


Additions
497
8,724
-
9,221



At 31 March 2024

500,664
640,354
6,351
1,147,369



Depreciation


At 1 April 2023
21,693
107,494
882
130,069


Charge for the year
22,101
127,294
1,270
150,665



At 31 March 2024

43,794
234,788
2,152
280,734



Net book value



At 31 March 2024
456,870
405,566
4,199
866,635



At 31 March 2023
478,474
524,136
5,469
1,008,079

The net book value of assets held under hire purchase contracts, included above, are as follows:


2024
2023
£
£



Computer equipment
2,724
3,522


5.


Debtors

2024
2023
£
£


Other debtors
33,058
35,165

Called up share capital not paid
100
100

33,158
35,265



6.


Cash

2024
2023
£
£

Cash at bank
2,419
40,867


Page 5

 
PUB AND ROOMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: amounts falling due within one year

As restated
2024
2023
£
£

Trade creditors
14,282
41,940

Amounts owed to connected entities
1,056,515
1,144,500

Other taxation and social security
7,202
-

Obligations under hire purchase contracts
498
1,993

Accruals
152,113
154,237

1,230,610
1,342,670


HSBC Bank PLC holds floating and fixed charge which contains a negative pledge over the assets of the company in respect of all the amounts due from the company.
 

8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Obligations under hire purchase contracts
-
498



9.


Share capital

2024
2023
£
£
Allotted, called up and unpaid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


Commitments under operating leases

At 31 March 2024, the company had future minimum lease payments due under non-cancellable operating leases of £3,144,629 (2023 - £3,192,547).



11.Finance lease commitments

At 31 March 2024, the company had future minimum lease payments under non-cancellable finance leases of £498 (2023 - £2,491).


12.Directors' personal guarantees

The directors are guarantors of the lease between the landlord, EI Group Limited and the tenant, Pub and Rooms Limited.

Page 6

 
PUB AND ROOMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

13.


Controlling party

The company is under the control of M H Tillman, the director and a majority shareholder of the company.


14.


Prior year adjustment

Income was understated in the prior year. This has resulted in an increase in turnover by £66,511 and the amounts due to connected entities being adjusted for by the same amount. The rental expense accrual was also overstated and as such, the accruals have decreased by £46,397 and amounts due to connected entities were adjusted for by the same amount. 

Retained earnings has increased from (£325,568) to (£259,057).
 
 
Page 7