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Company No: 11628130 (England and Wales)

BOB & BARNEY'S LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

BOB & BARNEY'S LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

BOB & BARNEY'S LIMITED

BALANCE SHEET

As at 30 September 2024
BOB & BARNEY'S LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 17,500 20,000
Tangible assets 4 797,426 800,660
814,926 820,660
Current assets
Stocks 12,200 12,200
Debtors 5 11,995 1,467
Cash at bank and in hand 126,030 115,772
150,225 129,439
Creditors: amounts falling due within one year 6 ( 946,827) ( 955,684)
Net current liabilities (796,602) (826,245)
Total assets less current liabilities 18,324 (5,585)
Creditors: amounts falling due after more than one year 7 ( 7,621) 0
Net assets/(liabilities) 10,703 ( 5,585)
Capital and reserves
Called-up share capital 8 1,100 1,100
Profit and loss account 9,603 ( 6,685 )
Total shareholders' funds/(deficit) 10,703 ( 5,585)

For the financial 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 financial statements of Bob & Barney's Limited (registered number: 11628130) were approved and authorised for issue by the Director on 30 June 2025. They were signed on its behalf by:

Mr L R Tyrrell
Director
BOB & BARNEY'S LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
BOB & BARNEY'S LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bob & Barney's Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Shearwater Bascombe Road, Churston, Brixham, TQ5 0JP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Employee benefits

Defined contribution schemes
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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

No depreciation is provided on land and buildings. See "critical estimates" below for further details -

Land and buildings not depreciated
Fixtures and fittings 6 - 7 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Critical accounting judgements and key sources of estimation uncertainty

In applying the company’s accounting policies, which are described above, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The following are the critical judgements and estimates that the directors have made in the process of applying the company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

No depreciation is provided on land and buildings, as the directors consider that the useful economic life of the company's properties is such that depreciation would be immaterial. The company has a policy and practice of regular maintenance and repair (charges for which are recognised in the profit and loss account such that these assets are kept to their previously assessed standard of performance, and the properties are unlikely to suffer from economic or technological obsolescence. The properties are reviewed for impairment each year.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 16 14

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 October 2023 25,000 25,000
At 30 September 2024 25,000 25,000
Accumulated amortisation
At 01 October 2023 5,000 5,000
Charge for the financial year 2,500 2,500
At 30 September 2024 7,500 7,500
Net book value
At 30 September 2024 17,500 17,500
At 30 September 2023 20,000 20,000

4. Tangible assets

Land and buildings Fixtures and fittings Total
£ £ £
Cost
At 01 October 2023 735,749 120,625 856,374
Additions 12,805 2,417 15,222
At 30 September 2024 748,554 123,042 871,596
Accumulated depreciation
At 01 October 2023 37,184 18,530 55,714
Charge for the financial year 0 18,456 18,456
At 30 September 2024 37,184 36,986 74,170
Net book value
At 30 September 2024 711,370 86,056 797,426
At 30 September 2023 698,565 102,095 800,660

Included within the net book value of land and buildings above is £711,370 (2023 - £698,565) in respect of freehold land and buildings.

5. Debtors

2024 2023
£ £
Prepayments 1,995 1,467
Other debtors 10,000 0
11,995 1,467

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 18,127 21,741
Amounts owed to Group undertakings 350,467 350,467
Amounts owed to director 540,142 547,948
Accruals 3,000 5,551
Other taxation and social security 26,829 28,838
Other creditors 8,262 1,139
946,827 955,684

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 7,621 0

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
500 Ordinary A shares of £ 1.00 each 500 500
500 Ordinary B shares of £ 1.00 each 500 500
50 Ordinary C shares of £ 1.00 each 50 50
50 Ordinary D shares of £ 1.00 each 50 50
1,100 1,100