Q H Maldon Ltd 11501185 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is running of a public house. Digita Accounts Production Advanced 6.30.9574.0 true true 11501185 2023-09-01 2024-08-31 11501185 2024-08-31 11501185 core:CurrentFinancialInstruments 2024-08-31 11501185 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 11501185 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 11501185 core:FurnitureFittingsToolsEquipment 2024-08-31 11501185 bus:SmallEntities 2023-09-01 2024-08-31 11501185 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 11501185 bus:FilletedAccounts 2023-09-01 2024-08-31 11501185 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11501185 bus:RegisteredOffice 2023-09-01 2024-08-31 11501185 bus:Director1 2023-09-01 2024-08-31 11501185 bus:Director2 2023-09-01 2024-08-31 11501185 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11501185 core:FurnitureFittings 2023-09-01 2024-08-31 11501185 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 11501185 countries:EnglandWales 2023-09-01 2024-08-31 11501185 2023-08-31 11501185 core:FurnitureFittingsToolsEquipment 2023-08-31 11501185 2022-09-01 2023-08-31 11501185 2023-08-31 11501185 core:CurrentFinancialInstruments 2023-08-31 11501185 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 11501185 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 11501185 core:FurnitureFittingsToolsEquipment 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 11501185

Q H Maldon Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Q H Maldon Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Q H Maldon Ltd

Company Information

Directors

Mr N A Cook

Mrs L V Cook

Registered office

143 Connaught Avenue
Frinton-On-Sea
Essex
CO13 9AB

Accountants

The Pub Experts Ltd
1st Floor
143 Connaught Avenue
Frinton-On-Sea
Essex
CO13 9AB

 

Q H Maldon Ltd

(Registration number: 11501185)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

12,283

4,950

Current assets

 

Stocks

5

22,521

14,354

Debtors

6

6,991

5,000

Cash at bank and in hand

 

438,430

390,274

 

467,942

409,628

Creditors: Amounts falling due within one year

7

(260,730)

(213,513)

Net current assets

 

207,212

196,115

Total assets less current liabilities

 

219,495

201,065

Creditors: Amounts falling due after more than one year

7

-

(15,996)

Provisions for liabilities

(2,879)

(2,879)

Net assets

 

216,616

182,190

Capital and reserves

 

Called up share capital

100

100

Retained earnings

216,516

182,090

Shareholders' funds

 

216,616

182,190

 

Q H Maldon Ltd

(Registration number: 11501185)
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.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 December 2024 and signed on its behalf by:
 

.........................................
Mr N A Cook
Director

.........................................
Mrs L V Cook
Director

 
     
 

Q H Maldon Ltd

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:
143 Connaught Avenue
Frinton-On-Sea
Essex
CO13 9AB
United Kingdom

These financial statements were authorised for issue by the Board on 20 December 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Q H Maldon Ltd

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

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.

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

20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

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.

 

Q H Maldon Ltd

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Defined benefit pension obligation

Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.

The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.

Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2023 - 23).

 

Q H Maldon Ltd

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

62,666

62,666

Additions

12,830

12,830

At 31 August 2024

75,496

75,496

Depreciation

At 1 September 2023

57,716

57,716

Charge for the year

5,497

5,497

At 31 August 2024

63,213

63,213

Carrying amount

At 31 August 2024

12,283

12,283

At 31 August 2023

4,950

4,950

5

Stocks

2024
£

2023
£

Other inventories

22,521

14,354

6

Debtors

Current

2024
£

2023
£

Other debtors

6,991

5,000

 

6,991

5,000

 

Q H Maldon Ltd

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

18,224

26,777

Trade creditors

 

135,395

67,137

Taxation and social security

 

105,200

118,633

Other creditors

 

1,911

966

 

260,730

213,513

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £26,777 (2022 - £24,500).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

-

15,996

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £xx (2023 - £xx).

8

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

48,000

48,000

Contributions paid to money purchase schemes

260,000

-

308,000

48,000