Registered number
08268115
Town & Country Pubs (York) Limited
Filleted Accounts
31 October 2024
Town & Country Pubs (York) Limited
Registered number: 08268115
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - (2,000)
Tangible assets 4 25,027 16,717
25,027 14,717
Current assets
Stocks 11,625 10,985
Cash at bank and in hand 30,926 35,900
42,551 46,885
Creditors: amounts falling due within one year 5 (127,288) (113,881)
Net current liabilities (84,737) (66,996)
Total assets less current liabilities (59,710) (52,279)
Creditors: amounts falling due after more than one year 6 (11,238) (31,908)
Net liabilities (70,948) (84,187)
Capital and reserves
Called up share capital 100 100
Profit and loss account (71,048) (84,287)
Shareholders' funds (70,948) (84,187)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C Sample
Director
Approved by the board on 24 April 2025
Town & Country Pubs (York) Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 22 24
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2023 20,000
At 31 October 2024 20,000
Amortisation
At 1 November 2023 22,000
Provided during the year (2,000)
At 31 October 2024 20,000
Net book value
At 31 October 2024 -
At 31 October 2023 (2,000)
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 81,750 3,990 85,740
Additions 14,612 - 14,612
At 31 October 2024 96,362 3,990 100,352
Depreciation
At 1 November 2023 65,742 3,281 69,023
Charge for the year 6,124 178 6,302
At 31 October 2024 71,866 3,459 75,325
Net book value
At 31 October 2024 24,496 531 25,027
At 31 October 2023 16,008 709 16,717
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,500 7,500
Trade creditors 26,292 33,511
Taxation and social security costs 37,661 34,248
Other creditors 55,835 38,622
127,288 113,881
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,238 31,908
7 Other information
Town & Country Pubs (York) Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Fox Inn Leeds Road
Thorpe Willoughby
Selby
YO8 9LX
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