Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.292023-04-01falseNo description of principal activity23truetrue 09497646 2023-04-01 2024-03-31 09497646 2022-04-01 2023-03-31 09497646 2024-03-31 09497646 2023-03-31 09497646 1 2023-04-01 2024-03-31 09497646 d:Director1 2023-04-01 2024-03-31 09497646 c:PlantMachinery 2023-04-01 2024-03-31 09497646 c:PlantMachinery 2024-03-31 09497646 c:PlantMachinery 2023-03-31 09497646 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09497646 c:MotorVehicles 2023-04-01 2024-03-31 09497646 c:MotorVehicles 2024-03-31 09497646 c:MotorVehicles 2023-03-31 09497646 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09497646 c:FurnitureFittings 2023-04-01 2024-03-31 09497646 c:FurnitureFittings 2024-03-31 09497646 c:FurnitureFittings 2023-03-31 09497646 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09497646 c:ComputerEquipment 2023-04-01 2024-03-31 09497646 c:ComputerEquipment 2024-03-31 09497646 c:ComputerEquipment 2023-03-31 09497646 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09497646 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09497646 c:Goodwill 2023-04-01 2024-03-31 09497646 c:Goodwill 2024-03-31 09497646 c:Goodwill 2023-03-31 09497646 c:CurrentFinancialInstruments 2024-03-31 09497646 c:CurrentFinancialInstruments 2023-03-31 09497646 c:Non-currentFinancialInstruments 2024-03-31 09497646 c:Non-currentFinancialInstruments 2023-03-31 09497646 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 09497646 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 09497646 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 09497646 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 09497646 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 09497646 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-03-31 09497646 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-03-31 09497646 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-03-31 09497646 c:ShareCapital 2024-03-31 09497646 c:ShareCapital 2023-03-31 09497646 c:RetainedEarningsAccumulatedLosses 2024-03-31 09497646 c:RetainedEarningsAccumulatedLosses 2023-03-31 09497646 d:FRS102 2023-04-01 2024-03-31 09497646 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09497646 d:FullAccounts 2023-04-01 2024-03-31 09497646 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09497646 c:HirePurchaseContracts c:WithinOneYear 2024-03-31 09497646 c:HirePurchaseContracts c:WithinOneYear 2023-03-31 09497646 c:HirePurchaseContracts c:BetweenOneFiveYears 2024-03-31 09497646 c:HirePurchaseContracts c:BetweenOneFiveYears 2023-03-31 09497646 c:Goodwill c:OwnedIntangibleAssets 2023-04-01 2024-03-31 09497646 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09497646










HOP IN PUBS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
HOP IN PUBS LIMITED
REGISTERED NUMBER: 09497646

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
7,800
15,600

Tangible assets
 6 
33,192
59,285

  
40,992
74,885

Current assets
  

Stocks
 7 
15,766
18,126

Debtors: amounts falling due within one year
 8 
9,698
31,370

Cash at bank and in hand
 9 
5,451
4,287

  
30,915
53,783

Creditors: amounts falling due within one year
 10 
(98,618)
(108,776)

Net current liabilities
  
 
 
(67,703)
 
 
(54,993)

Total assets less current liabilities
  
(26,711)
19,892

Creditors: amounts falling due after more than one year
 11 
(35,400)
(58,452)

  

Net liabilities
  
(62,111)
(38,560)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(62,113)
(38,562)

  
(62,111)
(38,560)


Page 1

 
HOP IN PUBS LIMITED
REGISTERED NUMBER: 09497646
    
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 statement of income and retained earnings 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: 




S Banks
Director

Date: 19 March 2025

Page 2

 
HOP IN PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Hop In Pubs is a private Company limited by shares, incorporated in the United Kingdom registration number 09497646. The company's registered office is 73 Southern Road, Thame, Oxon, OX9 2ED. The Company's principle place of business is 6 Wye Close, Ruislip, Middlesex HA4 7RQ. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

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.

 
2.4

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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

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

Page 3

 
HOP IN PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

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.

Page 4

 
HOP IN PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing Balance
Motor vehicles
-
25%
Straight Line
Fixtures and fittings
-
25%
Reducing Balance
Computer equipment
-

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.

 
2.9

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. Work in progress and finished goods include labour and attributable overheads.

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.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

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.

Page 5

 
HOP IN PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
1. Tangible fiixed assets are recognised at cost and depreciated over the asset's estimated useful economic life. The useful economic life of the assets are estimated on recognition based on the performance of past assets and evaluated on an annual basis.


4.


Employees

The average monthly number of employees, including directors, during the year was 23 (2023 - 29).


5.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
78,000



At 31 March 2024

78,000



Amortisation


At 1 April 2023
62,400


Charge for the year on owned assets
7,800



At 31 March 2024

70,200



Net book value



At 31 March 2024
7,800



At 31 March 2023
15,600



Page 6

 
HOP IN PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
39,690
49,999
38,999
1,697
130,385


Additions
1,400
-
600
-
2,000



At 31 March 2024

41,090
49,999
39,599
1,697
132,385



Depreciation


At 1 April 2023
20,146
27,128
23,199
627
71,100


Charge for the year on owned assets
8,405
10,600
8,664
424
28,093



At 31 March 2024

28,551
37,728
31,863
1,051
99,193



Net book value



At 31 March 2024
12,539
12,271
7,736
646
33,192



At 31 March 2023
19,544
22,871
15,800
1,070
59,285


7.


Stocks

2024
2023
£
£

Finished goods and goods for resale
15,766
18,126

15,766
18,126



8.


Debtors

2024
2023
£
£


Trade debtors
-
132

Other debtors
8,571
31,238

Prepayments and accrued income
1,127
-

9,698
31,370

Page 7

 
HOP IN PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.Debtors (continued)



9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,451
4,287

Less: bank overdrafts
(3,413)
(19,806)

2,038
(15,519)



10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
3,413
19,806

Bank loans
10,000
10,000

Other loans
5,000
5,000

Trade creditors
22,866
14,244

Corporation tax
18,896
23,182

Other taxation and social security
20,073
23,169

Obligations under finance lease and hire purchase contracts
8,035
8,035

Other creditors
508
440

Accruals and deferred income
9,827
4,900

98,618
108,776


Page 8

 
HOP IN PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,439
22,458

Other loans
15,000
20,000

Net obligations under finance leases and hire purchase contracts
7,961
15,994

35,400
58,452


The following liabilities were secured:

2024
2023
£
£



Obligations under finance leases and hire purchase contracts
15,996
24,030

15,996
24,030

Details of security provided:

Net obligations under finance leases and hire purchase contracts are secured by the assets to which they relate.

Page 9

 
HOP IN PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Other loans
5,000
5,000


15,000
15,000

Amounts falling due 1-2 years

Bank loans
12,439
10,000

Other loans
5,000
5,000


17,439
15,000

Amounts falling due 2-5 years

Bank loans
-
12,458

Other loans
10,000
15,000


10,000
27,458


42,439
57,458



13.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
8,035
8,035

Between 1-5 years
7,961
15,995

15,996
24,030


14.


Related party transactions

There were not related party transactions during the year.

Page 10

 
HOP IN PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

15.


Post balance sheet events

The Company continues to monitor the effects of COVID-19 outbreak which has been declared as a pandemic by the World Health Organization. The outbreak has not only prompted widespread health concerns, but has caused recent deteriorations in global market conditions. The eventual outcome is highly uncertain and is largely dependent on how successful authorities are at containing and managing the outbreak.
The Director's consider the emergence of the COVID-19 coronavirus pandemic to be a non-adjusting post balance sheet event and hence any future impact is likely to be in connection with the assessment of the fair value of assets and liabilities affected, in future periods investments at future valuation dates. 
In order to reduce the adverse financial impact of the pandemic, the Director has used the relevant Government support schemes in the year, where applicable. 
There are no other significant subsequent events that need to be disclosed or reflected in the annual accounts.


16.


Controlling party

The Company was controlled throughout the year by S Banks.

 
Page 11