Registered number
09319061
Park Tavern Pub Ltd
Filleted Accounts
30 November 2024
Park Tavern Pub Ltd
Registered number: 09319061
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 891,064 891,080
Current assets
Stocks 16,167 12,645
Debtors 4 - 5,313
Cash at bank and in hand 29,996 29,274
46,163 47,232
Creditors: amounts falling due within one year 5 (12,462) (13,968)
Net current assets 33,701 33,264
Total assets less current liabilities 924,765 924,344
Net assets 924,765 924,344
Capital and reserves
Called up share capital 100 100
Revaluation reserve 891,000 891,000
Profit and loss account 33,665 33,244
Shareholders' funds 924,765 924,344
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.
P McFarlane
Director
Approved by the board on 1 April 2025
Park Tavern Pub Ltd
Notes to the Accounts
for the year ended 30 November 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.
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 over 5 years
Fixtures & fittings over 5 years
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.
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 7 5
3 Tangible fixed assets
Land and buildings Plant and machinery Fixtures & fittings Total
£ £ £ £
Cost
At 1 December 2023 891,000 271 32 891,303
At 30 November 2024 891,000 271 32 891,303
Depreciation
At 1 December 2023 - 200 23 223
Charge for the year - 14 2 16
At 30 November 2024 - 214 25 239
Net book value
At 30 November 2024 891,000 57 7 891,064
At 30 November 2023 891,000 71 9 891,080
Land & buildings includes the freehold valuation in 2018 of the public house.
4 Debtors 2024 2023
£ £
Trade debtors - 606
Director's current account - 4,707
- 5,313
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 768 240
Corporation tax 98 23
Taxation and social security costs 8,946 11,055
Other creditors 2,650 2,650
12,462 13,968
6 Controlling party
S. McFarlane owns 95% of the issued shares.
7 Other information
Park Tavern Pub Ltd is a private company limited by shares and incorporated in England. Its registered office is:
10 Torrington Road
Claygate
Esher
Surrey
KT10 0SA
Park Tavern Pub Ltd 09319061 false 2023-12-01 2024-11-30 2024-11-30 VT Final Accounts April 2025 P McFarlane No description of principal activity 09319061 2022-12-01 2023-11-30 09319061 core:WithinOneYear 2023-11-30 09319061 core:ShareCapital 2023-11-30 09319061 core:OtherReservesSubtotal 2023-11-30 09319061 core:RetainedEarningsAccumulatedLosses 2023-11-30 09319061 2023-12-01 2024-11-30 09319061 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09319061 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 09319061 bus:Director40 2023-12-01 2024-11-30 09319061 2 2023-12-01 2024-11-30 09319061 core:LandBuildings 2023-12-01 2024-11-30 09319061 core:PlantMachinery 2023-12-01 2024-11-30 09319061 core:Vehicles 2023-12-01 2024-11-30 09319061 countries:England 2023-12-01 2024-11-30 09319061 bus:FRS102 2023-12-01 2024-11-30 09319061 bus:FilletedAccounts 2023-12-01 2024-11-30 09319061 2024-11-30 09319061 core:WithinOneYear 2024-11-30 09319061 core:ShareCapital 2024-11-30 09319061 core:OtherReservesSubtotal 2024-11-30 09319061 core:RetainedEarningsAccumulatedLosses 2024-11-30 09319061 core:LandBuildings 2024-11-30 09319061 core:PlantMachinery 2024-11-30 09319061 core:Vehicles 2024-11-30 09319061 2023-11-30 09319061 core:LandBuildings 2023-11-30 09319061 core:PlantMachinery 2023-11-30 09319061 core:Vehicles 2023-11-30 iso4217:GBP xbrli:pure