Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-30No description of principal activitytrue2023-04-15falsefalse40falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14804068 2023-04-14 14804068 2023-04-15 2024-04-30 14804068 2022-04-15 2023-04-14 14804068 2024-04-30 14804068 c:Director1 2023-04-15 2024-04-30 14804068 d:CurrentFinancialInstruments 2024-04-30 14804068 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14804068 d:ShareCapital 2024-04-30 14804068 d:RetainedEarningsAccumulatedLosses 2024-04-30 14804068 c:FRS102 2023-04-15 2024-04-30 14804068 c:AuditExemptWithAccountantsReport 2023-04-15 2024-04-30 14804068 c:FullAccounts 2023-04-15 2024-04-30 14804068 c:PrivateLimitedCompanyLtd 2023-04-15 2024-04-30 14804068 e:PoundSterling 2023-04-15 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 14804068









THE LION AT BRACKLEY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2024

 
THE LION AT BRACKLEY LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE LION AT BRACKLEY LIMITED
FOR THE PERIOD ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of THE LION AT BRACKLEY LIMITED for the period ended 30 April 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of THE LION AT BRACKLEY LIMITED in accordance with the terms of our engagement letter dated 28 April 2025Our work has been undertaken solely to prepare for your approval the financial statements of THE LION AT BRACKLEY LIMITED and state those matters that we have agreed to state to the director of THE LION AT BRACKLEY LIMITED in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THE LION AT BRACKLEY LIMITED and its director for our work or for this report. 

It is your duty to ensure that THE LION AT BRACKLEY LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of THE LION AT BRACKLEY LIMITED. You consider that THE LION AT BRACKLEY LIMITED is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of THE LION AT BRACKLEY LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



The Woodstock Accountancy Practice Limited
Chartered Accountants
3a Market Place
Woodstock
Oxon
OX20 1SY
28 April 2025
Page 1

 
THE LION AT BRACKLEY LIMITED
REGISTERED NUMBER: 14804068

BALANCE SHEET
AS AT 30 APRIL 2024

2024
Note
£

  

Current assets
  

Stocks
  
5,000

Debtors: amounts falling due within one year
 4 
5,680

Cash at bank and in hand
 5 
205

  
10,885

Creditors: amounts falling due within one year
 6 
(34,675)

Net current (liabilities)/assets
  
 
 
(23,790)

Total assets less current liabilities
  
(23,790)

  

Net (liabilities)/assets
  
(23,790)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(23,890)

  
(23,790)


Page 2

 
THE LION AT BRACKLEY LIMITED
REGISTERED NUMBER: 14804068
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 on 28 April 2025.




S Langford
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
THE LION AT BRACKLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

The Lion at Brackley Limited, Company Registration Number 14804068, is a private company, limited by shares, incorporated in England & Wales.
Registered office address: 23 Market Place, Brackley, England, NN13 7AB.
The principal activity of the company is that of public house and bar.
The company was incorporated on 15 Apri 2023.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Sale of goods

Revenue 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 revenue 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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
THE LION AT BRACKLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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 period in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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 weighted average 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.

 
2.8

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.

Page 5

 
THE LION AT BRACKLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 4.


4.


Debtors

2024
£


Prepayments and accrued income
5,680

5,680



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
205

Less: bank overdrafts
(5,948)

(5,743)


Page 6

 
THE LION AT BRACKLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
£

Bank overdrafts
5,948

Bank loans
6,017

Trade creditors
6,284

Other creditors
15,106

Accruals and deferred income
1,320

34,675



7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £396. Contributions totalling £Nil were payable to the fund at the balance sheet date and are included in creditors.

 
Page 7