Silverfin false false 30/11/2024 01/12/2023 30/11/2024 Mr M J Aberdeen 25/01/2024 03/11/2016 Mr T A Nashnush Mr D Stead 29 August 2025 The principal activity of the Company during the financial year was that of a public house. 10460825 2024-11-30 10460825 bus:Director1 2024-11-30 10460825 2023-11-30 10460825 core:CurrentFinancialInstruments 2024-11-30 10460825 core:CurrentFinancialInstruments 2023-11-30 10460825 core:Non-currentFinancialInstruments 2024-11-30 10460825 core:Non-currentFinancialInstruments 2023-11-30 10460825 core:ShareCapital 2024-11-30 10460825 core:ShareCapital 2023-11-30 10460825 core:RetainedEarningsAccumulatedLosses 2024-11-30 10460825 core:RetainedEarningsAccumulatedLosses 2023-11-30 10460825 core:LeaseholdImprovements 2023-11-30 10460825 core:FurnitureFittings 2023-11-30 10460825 core:OfficeEquipment 2023-11-30 10460825 core:LeaseholdImprovements 2024-11-30 10460825 core:FurnitureFittings 2024-11-30 10460825 core:OfficeEquipment 2024-11-30 10460825 bus:OrdinaryShareClass1 2024-11-30 10460825 2023-12-01 2024-11-30 10460825 bus:FilletedAccounts 2023-12-01 2024-11-30 10460825 bus:SmallEntities 2023-12-01 2024-11-30 10460825 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 10460825 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10460825 bus:Director1 2023-12-01 2024-11-30 10460825 bus:Director2 2023-12-01 2024-11-30 10460825 bus:Director3 2023-12-01 2024-11-30 10460825 core:LeaseholdImprovements core:TopRangeValue 2023-12-01 2024-11-30 10460825 core:FurnitureFittings 2023-12-01 2024-11-30 10460825 core:OfficeEquipment 2023-12-01 2024-11-30 10460825 2022-12-01 2023-11-30 10460825 core:LeaseholdImprovements 2023-12-01 2024-11-30 10460825 core:Non-currentFinancialInstruments 2023-12-01 2024-11-30 10460825 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 10460825 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10460825 (England and Wales)

CROUCH END TAP LIMITED

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

CROUCH END TAP LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

CROUCH END TAP LIMITED

BALANCE SHEET

As at 30 November 2024
CROUCH END TAP LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 124,239 135,149
124,239 135,149
Current assets
Stocks 12,135 12,171
Debtors 4 16,652 13,250
Cash at bank and in hand 17,973 30,434
46,760 55,855
Creditors: amounts falling due within one year 5 ( 187,997) ( 192,054)
Net current liabilities (141,237) (136,199)
Total assets less current liabilities (16,998) (1,050)
Creditors: amounts falling due after more than one year 6 ( 8,456) ( 16,331)
Provision for liabilities ( 7,435) 0
Net liabilities ( 32,889) ( 17,381)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 32,989 ) ( 17,481 )
Total shareholders' deficit ( 32,889) ( 17,381)

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Crouch End Tap Limited (registered number: 10460825) were approved and authorised for issue by the Board of Directors on 29 August 2025. They were signed on its behalf by:

Mr T A Nashnush
Director
CROUCH END TAP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
CROUCH END TAP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 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

Crouch End Tap 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 22 Topsfield Parade, Tottenham Lane, London, N8 8PT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £32,889. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met 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.

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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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 or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 15 years straight line
Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance

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

Stock and work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 13 14

3. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 December 2023 230,053 33,453 2,818 266,324
Additions 0 7,244 415 7,659
At 30 November 2024 230,053 40,697 3,233 273,983
Accumulated depreciation
At 01 December 2023 104,474 24,806 1,895 131,175
Charge for the financial year 15,337 2,958 274 18,569
At 30 November 2024 119,811 27,764 2,169 149,744
Net book value
At 30 November 2024 110,242 12,933 1,064 124,239
At 30 November 2023 125,579 8,647 923 135,149

4. Debtors

2024 2023
£ £
Prepayments and accrued income 15,261 11,859
Other debtors 1,391 1,391
16,652 13,250

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 12,684 10,000
Trade creditors 24,083 14,931
Amounts owed to directors 76,448 126,535
Other loans 10,000 0
Accruals 1,798 1,725
Corporation tax 13,344 15,870
Other taxation and social security 25,579 22,538
Other creditors 24,061 455
187,997 192,054

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

2024 2023
£ £
Bank loans 8,456 16,331

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

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Financial commitments

Commitments

The total amount of financial commitments not included in the balance sheet is £291,470 (2023 - £329,906).