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Corley Moor Taverns Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Corley Moor Taverns Limited (Registered number: 06149406)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Corley Moor Taverns Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B L McLernon
Mrs D L McLernon





REGISTERED OFFICE: The Red Lion
Wall Hill Road
Corley Moor
Coventry
West Midlands
CV7 8AP





REGISTERED NUMBER: 06149406





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Corley Moor Taverns Limited (Registered number: 06149406)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 106,177 22,708

CURRENT ASSETS
Stocks 29,730 11,792
Debtors 5 21,148 1,741
Cash at bank and in hand 11,140 124,542
62,018 138,075
CREDITORS
Amounts falling due within one year 6 111,965 96,891
NET CURRENT (LIABILITIES)/ASSETS (49,947 ) 41,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,230

63,892

CREDITORS
Amounts falling due after more than one
year

7

(41,940

)

(56,891

)

PROVISIONS FOR LIABILITIES (13,625 ) (5,751 )
NET ASSETS 665 1,250

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 663 1,248
SHAREHOLDERS' FUNDS 665 1,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2024 and were signed on its behalf by:





B L McLernon - Director


Corley Moor Taverns Limited (Registered number: 06149406)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Corley Moor Taverns Limited is a private company, limited by shares, registered in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% straight line
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 28,500 106,766 135,266
Additions 37,384 62,689 100,073
At 31 March 2024 65,884 169,455 235,339
DEPRECIATION
At 1 April 2023 28,500 84,058 112,558
Charge for year 3,738 12,866 16,604
At 31 March 2024 32,238 96,924 129,162
NET BOOK VALUE
At 31 March 2024 33,646 72,531 106,177
At 31 March 2023 - 22,708 22,708

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 21,148 1,741

Corley Moor Taverns Limited (Registered number: 06149406)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,196 31,406
Trade creditors 42,314 22,361
Taxation and social security 44,078 28,321
Other creditors 5,377 14,803
111,965 96,891

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 41,940 56,891

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
B L McLernon and Mrs D L McLernon
Balance outstanding at start of year - -
Amounts advanced 19,413 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,413 -

9. ULTIMATE CONTROLLING PARTY

By virtue of the share ownership split of the company, it is the opinion of the directors that there is no ultimate controlling party.