Company No:
Contents
Note | 30.06.2024 | 02.07.2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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174,906 | 245,866 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand | 5 |
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120,134 | 26,440 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current liabilities | (588,746) | (576,527) | ||
Total assets less current liabilities | (413,840) | (330,661) | ||
Creditors: amounts falling due after more than one year | 7 | (
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Net liabilities | (
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Capital and reserves | ||||
Called-up share capital | 8 |
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Profit and loss account | (
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Total shareholder's deficit | (
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Director's responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of GWR (Public House) Limited (registered number:
Mr N Simeone
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.
GWR (Public House) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Johnston Carmichael, 227 West George Street, Glasgow, G2 2ND, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
These financial statements cover the period from 3 July 2023 to 30 June 2024. The period ended 30 June 2024 was a 52 week period.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Leasehold improvements |
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Plant and machinery |
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Office equipment |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.
Assets are assessed for indicators of impairment as each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss account when identified
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors,are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.
Period from 03.07.2023 to 30.06.2024 |
Period from 04.07.2022 to 02.07.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including the director |
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Leasehold improve- ments |
Plant and machinery | Office equipment | Total | ||||
£ | £ | £ | £ | ||||
Cost | |||||||
At 03 July 2023 |
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At 30 June 2024 |
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Accumulated depreciation | |||||||
At 03 July 2023 |
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Charge for the financial period |
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At 30 June 2024 |
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Net book value | |||||||
At 30 June 2024 |
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At 02 July 2023 |
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30.06.2024 | 02.07.2023 | ||
£ | £ | ||
Trade debtors |
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Amounts owed by related parties |
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Other debtors |
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30.06.2024 | 02.07.2023 | ||
£ | £ | ||
Cash at bank and in hand |
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30.06.2024 | 02.07.2023 | ||
£ | £ | ||
Bank loans |
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Trade creditors |
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Amounts owed to Parent undertakings |
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Amounts owed to related parties |
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Other taxation and social security |
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Other creditors |
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30.06.2024 | 02.07.2023 | ||
£ | £ | ||
Bank loans |
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30.06.2024 | 02.07.2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Other related party transactions
30.06.2024 | 02.07.2023 | ||
£ | £ | ||
Owed to related parties | 296,840 | 361,322 | |
Owed to group undertaking | 271,587 | 155,689 |
The registered office of GWR (Holding Company) Ltd is 227 West George Street, Glasgow, Scotland, G2 2ND