Joe Perry's Snooker & Pool Palace Limited 15196144 false 2023-10-09 2024-10-31 2024-10-31 The principal activity of the company is Activities of Sports Clubs Digita Accounts Production Advanced 6.30.9574.0 true true 15196144 2023-10-09 2024-10-31 15196144 2024-10-31 15196144 bus:OrdinaryShareClass2 bus:CumulativeShares 2024-10-31 15196144 core:CurrentFinancialInstruments 2024-10-31 15196144 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 15196144 core:FurnitureFittingsToolsEquipment 2024-10-31 15196144 core:LandBuildings 2024-10-31 15196144 core:OtherPropertyPlantEquipment 2024-10-31 15196144 bus:SmallEntities 2023-10-09 2024-10-31 15196144 bus:AuditExemptWithAccountantsReport 2023-10-09 2024-10-31 15196144 bus:FilletedAccounts 2023-10-09 2024-10-31 15196144 bus:SmallCompaniesRegimeForAccounts 2023-10-09 2024-10-31 15196144 bus:RegisteredOffice 2023-10-09 2024-10-31 15196144 bus:Director1 2023-10-09 2024-10-31 15196144 bus:Director2 2023-10-09 2024-10-31 15196144 bus:OrdinaryShareClass2 bus:CumulativeShares 2023-10-09 2024-10-31 15196144 bus:PrivateLimitedCompanyLtd 2023-10-09 2024-10-31 15196144 core:FurnitureFittingsToolsEquipment 2023-10-09 2024-10-31 15196144 core:LandBuildings 2023-10-09 2024-10-31 15196144 core:LeaseholdImprovements 2023-10-09 2024-10-31 15196144 core:OfficeEquipment 2023-10-09 2024-10-31 15196144 core:OtherPropertyPlantEquipment 2023-10-09 2024-10-31 15196144 core:PlantMachinery 2023-10-09 2024-10-31 15196144 countries:England 2023-10-09 2024-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15196144

Joe Perry's Snooker & Pool Palace Limited

Annual Report and Unaudited Financial Statements

for the Period from 9 October 2023 to 31 October 2024

 

Joe Perry's Snooker & Pool Palace Limited
(Registration number: 15196144)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Joe Perry's Snooker & Pool Palace Limited
(Registration number: 15196144)

Company Information

Directors

Mr Joe Perry

Ms Penny Richardson

Registered office

2 Market Hill
Chatteris
Cambridgeshire
PE16 6BA

Registered number

15196144

 

Joe Perry's Snooker & Pool Palace Limited
(Registration number: 15196144)

Balance Sheet as at 31 October 2024

Note

2024
£

Fixed Assets

 

Tangible Assets

4

76,240

Current assets

 

Debtors

5

1,729

Cash at bank and in hand

 

29,603

 

31,332

Creditors: Amounts falling due within one year

6

(112,000)

Net current liabilities

 

(80,668)

Net liabilities

 

(4,428)

Capital and Reserves

 

Called up share capital

7

100

Retained Earnings

(4,528)

Shareholders' deficit

 

(4,428)

For the financial period ending 31 October 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 period 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 14 February 2025 and signed on its behalf by:
 

.........................................
Mr Joe Perry
Director

 

Joe Perry's Snooker & Pool Palace Limited
(Registration number: 15196144)

Notes to the Unaudited Financial Statements for the Period from 9 October 2023 to 31 October 2024

1

General information

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

The address of its registered office is:
2 Market Hill
Chatteris
Cambridgeshire
PE16 6BA
England

These financial statements were authorised for issue by the Board on 14 February 2025.

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).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Joe Perry's Snooker & Pool Palace Limited
(Registration number: 15196144)

Notes to the Unaudited Financial Statements for the Period from 9 October 2023 to 31 October 2024

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.

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

Plant and Machinery

15% Reducing Balance

Office Equipment

15% Reducing Balance

Leashold Improvements

15% Reducing Balance

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.

Trade Debtors

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

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

Joe Perry's Snooker & Pool Palace Limited
(Registration number: 15196144)

Notes to the Unaudited Financial Statements for the Period from 9 October 2023 to 31 October 2024

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.

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 period, was 9.

4

Tangible Assets

Land and buildings
£

Office Equipment
 £

Plant and Machinery
£

Total
£

Cost or valuation

Additions

29,086

564

55,618

85,268

At 31 October 2024

29,086

564

55,618

85,268

Depreciation

Charge for the period

2,165

56

6,807

9,028

At 31 October 2024

2,165

56

6,807

9,028

Carrying amount

At 31 October 2024

26,921

508

48,811

76,240

Included within the net book value of land and buildings above is £11,533 in respect of freehold land and buildings and £15,387 in respect of long leasehold land and buildings.
 

 

Joe Perry's Snooker & Pool Palace Limited
(Registration number: 15196144)

Notes to the Unaudited Financial Statements for the Period from 9 October 2023 to 31 October 2024

5

Debtors

The directors have reviewed trade debtors for impairment and consider the impairment losses to be provided for the period are £Nil

All amounts are due within one year.

Current

2024
£

Prepayments

936

Other debtors

793

 

1,729

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade Creditors

5,703

Taxation and social security

7,957

Accruals and deferred income

1,487

Other creditors

96,853

112,000

7

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary Shares of £1 each

100

100

     
 

Joe Perry's Snooker & Pool Palace Limited
(Registration number: 15196144)

Notes to the Unaudited Financial Statements for the Period from 9 October 2023 to 31 October 2024

8

Related party transactions

Directors' remuneration

The directors' remuneration for the period was as follows:

2024
£

Remuneration

6,946