Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01false1313truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10512321 2023-04-01 2024-03-31 10512321 2022-04-01 2023-03-31 10512321 2024-03-31 10512321 2023-03-31 10512321 c:Director1 2023-04-01 2024-03-31 10512321 d:FurnitureFittings 2023-04-01 2024-03-31 10512321 d:FurnitureFittings 2024-03-31 10512321 d:FurnitureFittings 2023-03-31 10512321 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10512321 d:CurrentFinancialInstruments 2024-03-31 10512321 d:CurrentFinancialInstruments 2023-03-31 10512321 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10512321 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10512321 d:ShareCapital 2024-03-31 10512321 d:ShareCapital 2023-03-31 10512321 d:RetainedEarningsAccumulatedLosses 2024-03-31 10512321 d:RetainedEarningsAccumulatedLosses 2023-03-31 10512321 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10512321 c:OrdinaryShareClass1 2024-03-31 10512321 c:OrdinaryShareClass1 2023-03-31 10512321 c:FRS102 2023-04-01 2024-03-31 10512321 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10512321 c:FullAccounts 2023-04-01 2024-03-31 10512321 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10512321 7 2023-04-01 2024-03-31 10512321 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10512321












PUB & ROOMS (OC) LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
PUB & ROOMS (OC) LIMITED
REGISTERED NUMBER:10512321

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,049
8,109

  
11,049
8,109

Current assets
  

Stocks
 5 
14,314
16,958

Debtors: amounts falling due within one year
 6 
510,456
464,771

Cash at bank and in hand
 7 
13,389
56,954

  
538,159
538,683

Creditors: amounts falling due within one year
 8 
(582,385)
(635,041)

Net current liabilities
  
 
 
(44,226)
 
 
(96,358)

Total assets less current liabilities
  
(33,177)
(88,249)

  

Net liabilities
  
(33,177)
(88,249)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(33,277)
(88,349)

  
(33,177)
(88,249)


Page 1

 
PUB & ROOMS (OC) LIMITED
REGISTERED NUMBER:10512321
    
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 8 form part of these financial statements.

Page 2

 
PUB & ROOMS (OC) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Pub & Rooms (OC) Limited is a private company, limited by shares, registered in England and Wales, registration number 10512321. The registered office address is 18 Bristol Gardens, London, W9 2JQ.

The principal activity of the company continued to be that of owning and running of a public house.

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 owning and running of a public house is recognised when the goods have been provided.

 
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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure. Grants received in respect of Local Authority Grants are included in other income.

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
PUB & ROOMS (OC) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.10

 Current and deferred 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 corporate tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.11

 Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
PUB & ROOMS (OC) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.12

 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:

Fixtures and fittings
-
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.

 
2.13

 Debtors

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

 
2.14

 Cash

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

 
2.15

 Creditors

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

 
2.16

 Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
2.17

 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 creditor, loans from bank and loans with related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2023 - 13).

Page 5

 
PUB & ROOMS (OC) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost 


At 1 April 2023
16,599


Additions
6,372



At 31 March 2024

22,971



Depreciation


At 1 April 2023
8,490


Charge for the year
3,432



At 31 March 2024

11,922



Net book value



At 31 March 2024
11,049



At 31 March 2023
8,109


5.


Stocks

2024
2023
£
£

Food and beverage stocks
14,314
16,958



6.


Debtors

2024
2023
£
£


Amounts owed by connected entities
446,486
402,453

Other debtors
434
435

Called up share capital not paid
-
100

Prepayments
63,536
61,783

510,456
464,771


Page 6

 
PUB & ROOMS (OC) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Cash

2024
2023
£
£

Cash at bank and in hand
13,389
56,954



8.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
146,185
20,000

Trade creditors
26,543
35,919

Amounts owed to connected entities
328,880
399,143

Other taxation and social security
36,625
78,828

Other creditors
23,874
25,190

Accruals
20,278
75,961

582,385
635,041


Included in creditors due within one year is a bank loan of £NIL (2023 - £20,000). Interest was accrued at 4% per annum over the base rate.
Included in creditors due within one year is a bank loan of £146,185 (2023 - £NIL). Interest was accrued at 4.25% per 30 days.

9.


Share capital

2024
2023
£
£
Allotted, called up and unpaid



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



10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,728 (2023 - £3,431). Contributions totalling £566 (2023 - £728) were payable to the fund at the balance sheet date and are included in creditors.


11.


Commitments under operating leases

At 31 March 2023, the company had future minimum lease payments under non cancellable operation leases of £3,846,976 (2023 - £4,059,712).

Page 7

 
PUB & ROOMS (OC) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.


Controlling party

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

 
Page 8