| REGISTERED NUMBER: |
| TheGoodOlDays Limited |
| Financial Statements |
| for the Year Ended 31st December 2024 |
| REGISTERED NUMBER: |
| 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: |
| Registered office: |
| Registered number: |
| Auditors: |
| Accountants & Statutory Auditor |
| 4th Floor |
| 100 Fenchurch Street |
| London |
| EC3M 5JD |
| Accountants: |
| 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 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| TheGoodOlDays Limited (Registered number: 11230522) |
| Notes to the Financial Statements |
| for the Year Ended 31st December 2024 |
| 1. | Statutory information |
| TheGoodOlDays Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| 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 |
| Long leasehold | - |
| Fixtures and fittings | - |
| 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 |
| 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 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st December 2024 |
| Depreciation |
| At 1st January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st December 2024 |
| Net book value |
| At 31st December 2024 |
| At 31st December 2023 |
| 6. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | Leasing agreements |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2024 | 2023 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 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. |
| for and on behalf of |
| 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. |