Rowe Taverns Limited 9656993 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is that of a public house. Digita Accounts Production Advanced 6.30.9574.0 true true 9656993 2023-07-01 2024-06-30 9656993 2024-06-30 9656993 bus:OrdinaryShareClass1 2024-06-30 9656993 core:CurrentFinancialInstruments 2024-06-30 9656993 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 9656993 core:Goodwill 2024-06-30 9656993 core:FurnitureFittings 2024-06-30 9656993 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 9656993 bus:SmallEntities 2023-07-01 2024-06-30 9656993 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 9656993 bus:FullAccounts 2023-07-01 2024-06-30 9656993 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 9656993 bus:RegisteredOffice 2023-07-01 2024-06-30 9656993 bus:Director1 2023-07-01 2024-06-30 9656993 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 9656993 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 9656993 core:Goodwill 2023-07-01 2024-06-30 9656993 core:FurnitureFittings 2023-07-01 2024-06-30 9656993 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 9656993 core:LandBuildings 2023-07-01 2024-06-30 9656993 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 9656993 countries:EnglandWales 2023-07-01 2024-06-30 9656993 2023-06-30 9656993 core:Goodwill 2023-06-30 9656993 core:FurnitureFittings 2023-06-30 9656993 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 9656993 2022-07-01 2023-06-30 9656993 2023-06-30 9656993 bus:OrdinaryShareClass1 2023-06-30 9656993 core:CurrentFinancialInstruments 2023-06-30 9656993 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 9656993 core:Goodwill 2023-06-30 9656993 core:FurnitureFittings 2023-06-30 9656993 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 9656993

Rowe Taverns Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Rowe Taverns Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Rowe Taverns Limited

Company Information





 

Director




 

J Rowe

Registered office





 

Unit C
Reins Mill
Honley
Holmfirth
HD9 6NB

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

Rowe Taverns Limited

Director's Report
for the Year Ended 30 June 2024

The director presents his report and the financial statements for the year ended 30 June 2024.

Director of the company

The director who held office during the year was as follows:

J Rowe

Principal activity

The principal activity of the company is that of a public house.

Small companies provision statement

This report has 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.

Approved and authorised by the director on 6 March 2025
 

.........................................
J Rowe
Director

 

Rowe Taverns Limited

(Registration number: 9656993 )
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

16,000

17,000

Tangible assets

5

183,142

183,928

 

199,142

200,928

Current assets

 

Stocks

6

3,800

3,750

Debtors

7

-

72

Cash at bank and in hand

 

-

1,432

 

3,800

5,254

Creditors: Amounts falling due within one year

8

(223,101)

(212,490)

Net current liabilities

 

(219,301)

(207,236)

Net liabilities

 

(20,159)

(6,308)

Capital and reserves

 

Called up share capital

9

1

1

Retained earnings

(20,160)

(6,309)

Shareholders' deficit

 

(20,159)

(6,308)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 March 2025
 

 

Rowe Taverns Limited

(Registration number: 9656993 )
Balance Sheet as at 30 June 2024

.........................................
J Rowe
Director

 

Rowe Taverns Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 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:
Unit C
Reins Mill
Honley
Holmfirth
HD9 6NB

These financial statements were authorised for issue by the director on 6 March 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).

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.

Turnover

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.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Rowe Taverns Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 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

Land and buildings

No depreciation

Fixtures and fittings

20% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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

Goodwill

Write off over 20 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

 

Rowe Taverns Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 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 the director) during the year, was 2 (2023 - 2).

 

Rowe Taverns Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 July 2023

20,000

20,000

At 30 June 2024

20,000

20,000

Amortisation

At 1 July 2023

3,000

3,000

Amortisation charge

1,000

1,000

At 30 June 2024

4,000

4,000

Carrying amount

At 30 June 2024

16,000

16,000

At 30 June 2023

17,000

17,000

5

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 July 2023

180,000

5,928

185,928

At 30 June 2024

180,000

5,928

185,928

Depreciation

At 1 July 2023

-

2,000

2,000

Charge for the year

-

786

786

At 30 June 2024

-

2,786

2,786

Carrying amount

At 30 June 2024

180,000

3,142

183,142

At 30 June 2023

180,000

3,928

183,928

Included within the net book value of land and buildings above is £180,000 (2023 - £180,000) in respect of freehold land and buildings.
 

 

Rowe Taverns Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

6

Stocks

2024
£

2023
£

Other inventories

3,800

3,750

7

Debtors

Current

2024
£

2023
£

Other debtors

-

72

 

-

72

 

Rowe Taverns Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

985

-

Taxation and social security

 

1,113

952

Accruals and deferred income

 

3,615

2,525

Other creditors

 

217,388

209,013

 

223,101

212,490

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         

10

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank overdrafts

985

-

11

Related party transactions

Other creditors include £143,469 (2023: £138,913) owed to J Rowe, the company's director, £19,840 (2023 £20,100) owed to Rowe Leisure Foods Limited and £53,651 (2023 £50,000) to Rowe Roofing Limited, both companies owned by the company's director.