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Registration number: 02795287

Boulevard Brasseries Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Boulevard Brasseries Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Boulevard Brasseries Limited

(Registration number: 02795287)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

338,418

339,919

Current assets

 

Stocks

6

3,000

3,000

Debtors

7

-

2,768

Cash at bank and in hand

 

22,696

25,716

 

25,696

31,484

Creditors: Amounts falling due within one year

8

(104,275)

(107,404)

Net current liabilities

 

(78,579)

(75,920)

Total assets less current liabilities

 

259,839

263,999

Creditors: Amounts falling due after more than one year

8

(8,159)

(18,214)

Net assets

 

251,680

245,785

Capital and reserves

 

Called up share capital

1,000

1,000

Revaluation reserve

116,997

116,997

Retained earnings

133,683

127,788

Shareholders' funds

 

251,680

245,785

 

Boulevard Brasseries Limited

(Registration number: 02795287)
Balance Sheet as at 31 August 2024

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 May 2025
 

.........................................
S K Drew
Director

 

Boulevard Brasseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite I Windrush Court
Abingdon Business Park
Abingdon
Oxfordshire
OX14 1SY
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the value of food and beverages supplied, of the public house in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Boulevard Brasseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance basis

Property improvements

5% straight line basis

Leasehold property

Nil%

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Boulevard Brasseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Boulevard Brasseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2023

40,000

40,000

At 31 August 2024

40,000

40,000

Amortisation

At 1 September 2023

40,000

40,000

At 31 August 2024

40,000

40,000

Carrying amount

At 31 August 2024

-

-

5

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Cost or valuation

At 1 September 2023

352,531

24,619

174,417

44,672

Disposals

-

(3,947)

(18,604)

-

At 31 August 2024

352,531

20,672

155,813

44,672

Depreciation

At 1 September 2023

17,470

24,137

174,565

40,148

Charge for the year

-

287

83

1,131

Eliminated on disposal

-

(3,947)

(18,604)

-

At 31 August 2024

17,470

20,477

156,044

41,279

Carrying amount

At 31 August 2024

335,061

195

(231)

3,393

At 31 August 2023

335,061

482

(148)

4,524

 

Boulevard Brasseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Total
£

Cost or valuation

At 1 September 2023

596,239

Disposals

(22,551)

At 31 August 2024

573,688

Depreciation

At 1 September 2023

256,320

Charge for the year

1,501

Eliminated on disposal

(22,551)

At 31 August 2024

235,270

Carrying amount

At 31 August 2024

338,418

At 31 August 2023

339,919

Included within the net book value of land and buildings above is £335,061 (2023 - £335,061) in respect of freehold land and buildings.
 

6

Stocks

2024
£

2023
£

Other inventories

3,000

3,000

7

Debtors

Current

2024
£

2023
£

Prepayments

-

2,768

 

-

2,768

 

Boulevard Brasseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

10,056

10,056

Trade creditors

 

(25,610)

32,985

Taxation and social security

 

30,302

59,098

Other creditors

 

89,527

5,265

 

104,275

107,404

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

8,159

18,214

The bank borrowings are secured on the assets of the company.

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,056

10,056

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,159

18,214

 

Boulevard Brasseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

10

Related party transactions

Transactions with the director

2024

At 1 September 2023
£

Advances to director
£

Repayments by director
£

At 31 August 2024
£

S K Drew

Transactions during the year

(265)

49,770

(134,032)

(84,527)

2023

At 1 September 2022
£

Advances to director
£

Repayments by director
£

Other payments made to company by director
£

At 31 August 2023
£

S K Drew

Transactions during the year

(1,832)

96,467

(50,900)

(44,000)

(265)