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REGISTERED NUMBER: 11230522 (England and Wales)
















TheGoodOlDays Limited

Financial Statements

for the Year Ended 31st December 2024






TheGoodOlDays Limited (Registered number: 11230522)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TheGoodOlDays Limited

Company Information
for the Year Ended 31st December 2024







Directors: Mr M Bjergso
Mr R Astley



Registered office: 2 Hackney Road
London
E2 7NS



Registered number: 11230522 (England and Wales)



Auditors: Nigel Wilson & Co
Accountants & Statutory Auditor
4th Floor
100 Fenchurch Street
London
EC3M 5JD



Accountants: Wilson Stevens Limited
4th Floor
100 Fenchurch Street
London
EC3M 5JD

TheGoodOlDays Limited (Registered number: 11230522)

Statement of Financial Position
31st December 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 1,054,451 1,180,569

Current assets
Stocks 109,198 80,553
Debtors 6 161,464 186,978
Cash at bank and in hand 234,535 185,071
505,197 452,602
Creditors
Amounts falling due within one year 7 2,186,561 2,519,804
Net current liabilities (1,681,364 ) (2,067,202 )
Total assets less current liabilities (626,913 ) (886,633 )

Capital and reserves
Called up share capital 100 100
Retained earnings (627,013 ) (886,733 )
(626,913 ) (886,633 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th August 2025 and were signed on its behalf by:





Mr M Bjergso - Director


TheGoodOlDays Limited (Registered number: 11230522)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. Statutory information

TheGoodOlDays Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the balance sheet date, the company's liabilities exceeded its assets. This is due to the balance owed to its parent company Craft Beer Bar Holding ApS. Whilst the company's current liabilities also exceed its current assets, the company has received assurance from the parent that it will continue to give financial support to the company for twelve months from the reporting date.

On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The financial statements do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Turnover
The company operates as a public house and the turnover represents the value of drinks, merchandise and bar snacks sold in the period, stated net of discounts and Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - Over the life of the lease
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


TheGoodOlDays Limited (Registered number: 11230522)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are not taken into account in arriving at the operating result, however, they are taken into account at arriving at profit before taxation.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Exceptional items
Exceptional items are recognised when exchange gains or losses are made which the directors consider have no relation to the operational result of the company. Therefore, exceptional items are recognised in the profit and loss account after operating profits.

3. Employees and directors

The average number of employees during the year was 24 (2023 - 25 ) .

4. Auditors' remuneration
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the
company's financial statements

7,300

8,000

TheGoodOlDays Limited (Registered number: 11230522)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

5. Tangible fixed assets
Fixtures
Long and
leasehold fittings Totals
£    £    £   
Cost
At 1st January 2024 1,447,927 475,516 1,923,443
Additions - 15,678 15,678
Disposals - (245 ) (245 )
At 31st December 2024 1,447,927 490,949 1,938,876
Depreciation
At 1st January 2024 426,776 316,098 742,874
Charge for year 97,958 43,766 141,724
Eliminated on disposal - (173 ) (173 )
At 31st December 2024 524,734 359,691 884,425
Net book value
At 31st December 2024 923,193 131,258 1,054,451
At 31st December 2023 1,021,151 159,418 1,180,569

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 218 1,370
Amounts owed by group undertakings 1,092 1,092
Other debtors 160,154 184,516
161,464 186,978

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 37,319 43,799
Amounts owed to group undertakings 1,859,053 2,169,505
Taxation and social security 71,636 68,798
Other creditors 218,553 237,702
2,186,561 2,519,804

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 175,000 175,000
Between one and five years 700,000 700,000
In more than five years 743,750 918,750
1,618,750 1,793,750

TheGoodOlDays Limited (Registered number: 11230522)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

9. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

David Hatchard BA FCA (Senior Statutory Auditor)
for and on behalf of Nigel Wilson & Co

10. Related party disclosures

The company owes a balance of £180,008 (2023 - £180,008) to 5050 Media House Limited, a company owned by Mr R Astley, a director and shareholder of the company. No interest has been charged on the loan.

The company owes a balance of £1,859,053 (2023 - £2,169,505) to Craft Beer Bar Holding ApS, the immediate parent company. Interest has been charged on the loan.

11. Ultimate controlling party

The company's parent undertaking is Craft Beer Bar Holding ApS, a company registered in Denmark, which will prepare group accounts. Their registered office address is Humletorvet 27, 3.sal., 1799 Copenhagen V, Denmark.