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REGISTERED NUMBER: 03418325 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ROYLE & RED TAVERNS LIMITED

ROYLE & RED TAVERNS LIMITED (REGISTERED NUMBER: 03418325)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROYLE & RED TAVERNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs L Doyle
B Doyle





REGISTERED OFFICE: 9 Marshbarns
Bishop's Stortford
CM23 2QN





REGISTERED NUMBER: 03418325 (England and Wales)





ACCOUNTANTS: Tayler Bradshaw
Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX

ROYLE & RED TAVERNS LIMITED (REGISTERED NUMBER: 03418325)

BALANCE SHEET
31 AUGUST 2024

31/8/24 31/8/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,883,239 2,881,661

CURRENT ASSETS
Debtors 5 24,956 9,617
Prepayments and accrued income 1,646 577
Cash at bank 4,611 6,205
31,213 16,399
CREDITORS
Amounts falling due within one year 6 1,315,333 1,314,621
NET CURRENT LIABILITIES (1,284,120 ) (1,298,222 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,599,119 1,583,439

PROVISIONS FOR LIABILITIES 389,247 388,853
NET ASSETS 1,209,872 1,194,586

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 7 1,553,751 1,553,751
Retained earnings (343,881 ) (359,167 )
1,209,872 1,194,586

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

ROYLE & RED TAVERNS LIMITED (REGISTERED NUMBER: 03418325)

BALANCE SHEET - continued
31 AUGUST 2024


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 16 May 2025 and were signed on its behalf by:




B Doyle - Director



Mrs L Doyle - Director


ROYLE & RED TAVERNS LIMITED (REGISTERED NUMBER: 03418325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Royle & Red Taverns Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ROYLE & RED TAVERNS LIMITED (REGISTERED NUMBER: 03418325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 September 2023 2,880,000 5,210 2,885,210
Additions - 2,657 2,657
At 31 August 2024 2,880,000 7,867 2,887,867
DEPRECIATION
At 1 September 2023 - 3,549 3,549
Charge for year - 1,079 1,079
At 31 August 2024 - 4,628 4,628
NET BOOK VALUE
At 31 August 2024 2,880,000 3,239 2,883,239
At 31 August 2023 2,880,000 1,661 2,881,661

Cost or valuation at 31 August 2024 is represented by:

Land and
buildings
£   
Valuation in 2024 2,880,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 19,934 8,217
Other debtors 5,022 1,400
24,956 9,617

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans and overdrafts 1,310,889 1,310,889
Trade creditors 395 1,412
Taxation and social security 1,693 -
Other creditors 2,356 2,320
1,315,333 1,314,621

7. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 1,553,751