16 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 160,000 160,000 152,000 152,000 8,000 xbrli:pure xbrli:shares iso4217:GBP 05169015 2023-10-01 2024-09-30 05169015 2024-09-30 05169015 2023-09-30 05169015 2022-10-01 2023-09-30 05169015 2023-09-30 05169015 2022-09-30 05169015 core:PlantMachinery 2023-10-01 2024-09-30 05169015 core:FurnitureFittings 2023-10-01 2024-09-30 05169015 bus:Director1 2023-10-01 2024-09-30 05169015 core:NetGoodwill 2023-09-30 05169015 core:LandBuildings 2023-09-30 05169015 core:PlantMachinery 2023-09-30 05169015 core:FurnitureFittings 2023-09-30 05169015 core:LandBuildings 2024-09-30 05169015 core:FurnitureFittings 2024-09-30 05169015 core:LandBuildings 2023-10-01 2024-09-30 05169015 core:WithinOneYear 2024-09-30 05169015 core:WithinOneYear 2023-09-30 05169015 core:AfterOneYear 2024-09-30 05169015 core:AfterOneYear 2023-09-30 05169015 core:NetGoodwill 2023-10-01 2024-09-30 05169015 core:ShareCapital 2024-09-30 05169015 core:ShareCapital 2023-09-30 05169015 core:RetainedEarningsAccumulatedLosses 2024-09-30 05169015 core:RetainedEarningsAccumulatedLosses 2023-09-30 05169015 core:BetweenOneFiveYears 2024-09-30 05169015 core:BetweenOneFiveYears 2023-09-30 05169015 core:MoreThanFiveYears 2024-09-30 05169015 core:MoreThanFiveYears 2023-09-30 05169015 core:NetGoodwill 2023-09-30 05169015 core:LandBuildings 2023-09-30 05169015 core:PlantMachinery 2023-09-30 05169015 core:FurnitureFittings 2023-09-30 05169015 bus:SmallEntities 2023-10-01 2024-09-30 05169015 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05169015 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05169015 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05169015 bus:FullAccounts 2023-10-01 2024-09-30 05169015 core:LandBuildings core:LongLeaseholdAssets 2023-10-01 2024-09-30 05169015 core:ComputerEquipment 2023-10-01 2024-09-30 05169015 core:ComputerEquipment 2023-09-30 05169015 core:ComputerEquipment 2024-09-30
COMPANY REGISTRATION NUMBER: 05169015
J D Taverns Limited
Unaudited financial statements
30 September 2024
J D Taverns Limited
Statement of financial position
30 September 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
5
8,000
Tangible assets
6
22,131
35,239
-------
-------
22,131
43,239
Current assets
Stocks
10,636
22,755
Debtors
7
13,204
19,342
Cash at bank and in hand
83,842
95,521
---------
---------
107,682
137,618
Creditors: amounts falling due within one year
8
( 44,954)
( 81,365)
---------
---------
Net current assets
62,728
56,253
-------
-------
Total assets less current liabilities
84,859
99,492
Creditors: amounts falling due after more than one year
9
( 26,091)
( 31,911)
Provisions
Taxation including deferred tax
( 5,359)
( 8,738)
-------
-------
Net assets
53,409
58,843
-------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
53,408
58,842
-------
-------
Shareholders funds
53,409
58,843
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 September 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
J D Taverns Limited
Statement of financial position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 26 June 2025 , and are signed on behalf of the board by:
Mr C F Applegate
Director
Company registration number: 05169015
J D Taverns Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sixty Six, North Quay, Great Yarmouth, Norfolk, NR30 1HE. The company's place of business is The Turnstone, Station Road, Hopton On Sea, NR31 9BH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
Over a 20 year period
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Property
-
Over the remaining life of the lease
Plant & machinery
-
20% straight line
Fixtures & fittings
-
15% reducing balance
Computer Equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of employees during the year was 16 (2023: 18 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023
160,000
Additions
Disposals
( 160,000)
---------
At 30 September 2024
---------
Amortisation
At 1 October 2023
152,000
Charge for the year
Disposals
( 152,000)
---------
At 30 September 2024
---------
Carrying amount
At 30 September 2024
---------
At 30 September 2023
8,000
---------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 1 October 2023
19,682
5,137
159,010
6,496
190,325
Additions
528
528
Disposals
( 18,936)
( 5,137)
( 87,330)
( 5,816)
( 117,219)
-------
------
---------
------
---------
At 30 September 2024
746
71,680
1,208
73,634
-------
------
---------
------
---------
Depreciation
At 1 October 2023
19,394
3,359
125,879
6,454
155,086
Charge for the year
29
169
198
Disposals
( 18,936)
( 3,359)
( 76,238)
( 5,248)
( 103,781)
-------
------
---------
------
---------
At 30 September 2024
487
49,810
1,206
51,503
-------
------
---------
------
---------
Carrying amount
At 30 September 2024
259
21,870
2
22,131
-------
------
---------
------
---------
At 30 September 2023
288
1,778
33,131
42
35,239
-------
------
---------
------
---------
7. Debtors
2024
2023
£
£
Trade debtors
424
Amounts owed by group undertakings and undertakings in which the company has a participating interest
3,734
Other debtors
9,046
19,342
-------
-------
13,204
19,342
-------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loan
5,785
5,750
Trade creditors
12,829
17,988
Amounts owed to group undertakings and undertakings in which the company has a participating interest
22,204
Social security and other taxes
23,454
30,806
Other creditors
2,886
4,617
-------
-------
44,954
81,365
-------
-------
The bank loan is secured by a personal guarantee from Mr C F Applegate .
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loan
26,091
31,911
-------
-------
The bank loan is secured by a personal guarantee from Mr C F Applegate .
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
30,760
40,224
Later than 1 year and not later than 5 years
123,039
63,247
Later than 5 years
125,603
80,377
---------
---------
279,402
183,848
---------
---------
11. Director's advances, credits and guarantees
During the year, the director operated a loan account with the company. At the year end, the total balance on this account was £286 (2023: £1,297) owed by the directors, and is included in other debtors.
Due to certain legal formalities not yet having been completed, some of the company assets and liabilities are still in the personal name of Mr C F Applegate, in respect of which he is acting as nominee.
12. Related party transactions
J D Taverns Pub Company (Hopton) Limited is a related party due to the fact that the director Mr C F Applegate is also a shareholder and director of this company. The company has a balance receivable of £3,734 (2023: £22,204) to J D Taverns Pub Company (Hopton) Limited as at 30 September 2024. J D Taverns Estates Limited is a related party due to the fact that the director Mr C F Applegate is also a shareholder and director of this company. The company has a balance receivable of £nil (2023: £nil) from J D Taverns Estates Limited as at 30 September 2024.