Matches Sports Bar and Grill (Ashford) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11771132

Matches Sports Bar and Grill (Ashford) Ltd

Filleted Unaudited Financial Statements

31 December 2024

Matches Sports Bar and Grill (Ashford) Ltd

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Matches Sports Bar and Grill (Ashford) Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	184,957	228,931

Current assets

Stocks		17,210	12,496
Debtors	6	246,068	144,456
Cash at bank and in hand		100,939	194,548
		---------	---------
		364,217	351,500

Creditors: amounts falling due within one year	7	324,194	373,542
		---------	---------
Net current assets/(liabilities)		40,023	( 22,042)
		---------	---------
Total assets less current liabilities		224,980	206,889

Creditors: amounts falling due after more than one year	8	7,839	14,109
		---------	---------
Net assets		217,141	192,780
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	217,041	192,680
	---------	---------
Shareholders funds	217,141	192,780
	---------	---------

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 statement of income and retained earnings has not been delivered.

For the year ending 31 December 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 .

Matches Sports Bar and Grill (Ashford) Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mr J M Shephard
Director

Company registration number: 11771132

Matches Sports Bar and Grill (Ashford) Ltd

Notes to the Financial Statements

Year ended 31 December 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 40 Dove Close, Kingsnorth, Ashford, Kent, TN23 3NU, United Kingdom.

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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. Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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:

Long leasehold property	-	10% straight line
Plant and machinery	-	20% straight line
Fixtures and fittings	-	20% straight line
Motor vehicles	-	20% straight line

	Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2023: 24 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Jan 2024	177,305	60,804	64,517	31,200	7,534	341,360
Additions	–	3,908	633	–	2,570	7,111
	---------	--------	--------	--------	--------	---------
At 31 Dec 2024	177,305	64,712	65,150	31,200	10,104	348,471
	---------	--------	--------	--------	--------	---------
Depreciation
At 1 Jan 2024	44,398	28,057	25,937	11,440	2,597	112,429
Charge for the year	17,730	12,333	13,030	6,240	1,752	51,085
	---------	--------	--------	--------	--------	---------
At 31 Dec 2024	62,128	40,390	38,967	17,680	4,349	163,514
	---------	--------	--------	--------	--------	---------
Carrying amount
At 31 Dec 2024	115,177	24,322	26,183	13,520	5,755	184,957
	---------	--------	--------	--------	--------	---------
At 31 Dec 2023	132,907	32,747	38,580	19,760	4,937	228,931
	---------	--------	--------	--------	--------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	22,682	22,997
Other debtors	223,386	121,459
	---------	---------
	246,068	144,456
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	53,313	126,555
Social security and other taxes	57,144	45,414
Other creditors	213,737	201,573
	---------	---------
	324,194	373,542
	---------	---------

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

	2024	2023
	£	£
Other creditors	7,839	14,109
	-------	--------

Nationwide Finance Ltd has fixed and floating charges over the assets of the company.

9. Director's advances, credits and guarantees

At the balance sheet date, the company owed £3,684 to the directors (2023: £3,479 (debit)).

10. Related party transactions

At the year end the company was owed £203,826 from a company under common control (2023: £115,644). Also, at the year end the company was owed £352 from the parent company (2023: nil).