Bedford Taverns Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI649074

Bedford Taverns Ltd

Filleted Financial Statements

31 December 2024

Bedford Taverns Ltd

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

Bedford Taverns Ltd

Officers and Professional Advisers

The board of directors	Mr C Dalley
	Mr P Langsford
	Mr M Beirne

Registered office	Aisling House
	50 Stranmillis Embankment
	Belfast
	Northern Ireland
	BT9 5FL

Auditor	Maneely Mc Cann Chartered Accountants
	Chartered Accountants & statutory auditor
	Aisling House
	50 Stranmillis Embankment
	Belfast
	BT9 5FL

Bankers	Ulster Bank Limited
	11-16 Donegall Square East
	Belfast
	BT1 5UB

Solicitors	McMahon McKay
	Aisling House
	50 Stranmillis Embankment
	Belfast
	BT9 5FL

Bedford Taverns Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	404,104	446,217

Current assets

Stocks		37,372	30,564
Debtors	6	374,215	425,609
Cash at bank and in hand		200,357	103,283
		---------	---------
		611,944	559,456

Creditors: amounts falling due within one year	7	738,183	766,507
		---------	---------
Net current liabilities		126,239	207,051
		---------	---------
Total assets less current liabilities		277,865	239,166

Creditors: amounts falling due after more than one year	8	48,434	80,589

Provisions	32,508	–
	---------	---------
Net assets	196,923	158,577
	---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	196,922	158,576
	---------	---------
Shareholders funds	196,923	158,577
	---------	---------

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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr P Langsford

Director

Company registration number: NI649074

Bedford Taverns 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 Northern Ireland. The address of the registered office is Aisling House, 50 Stranmillis Embankment, Belfast, BT9 5FL, Northern Ireland.

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.

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.

Corporation 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.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Leasehold improvements	-	15% Straight Line (Previously 15% Reducing balance)
Fixtures and fittings	-	15% Straight Line (Previously 15% Reducing balance)
Equipment	-	15% Straight Line (Previously 15% Reducing balance)

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 54 (2023: 44 ).

5. Tangible assets

	Leasehold improvements	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	493,353	532,545	6,215	1,032,113
Additions	46,790	78,021	1,391	126,202
	---------	---------	-------	------------
At 31 December 2024	540,143	610,566	7,606	1,158,315
	---------	---------	-------	------------
Depreciation
At 1 January 2024	343,984	239,800	2,112	585,896
Charge for the year	78,085	89,225	1,005	168,315
	---------	---------	-------	------------
At 31 December 2024	422,069	329,025	3,117	754,211
	---------	---------	-------	------------
Carrying amount
At 31 December 2024	118,074	281,541	4,489	404,104
	---------	---------	-------	------------
At 31 December 2023	149,369	292,745	4,103	446,217
	---------	---------	-------	------------

6. Debtors

	2024	2023
	£	£
Trade debtors	1,234	8,841
Amounts owed by group undertakings and undertakings in which the company has a participating interest	134,507	199,732
Other debtors	238,474	217,036
	---------	---------
	374,215	425,609
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	197,695	111,184
Amounts owed to group undertakings and undertakings in which the company has a participating interest	139,956	210,334
Corporation tax	155,435	151,085
Social security and other taxes	107,575	65,474
Other creditors	137,522	228,430
	---------	---------
	738,183	766,507
	---------	---------

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

	2024	2023
	£	£
Other creditors	48,434	80,589
	--------	--------

9. Summary audit opinion

The auditor's report dated 23 December 2025 was unqualified .

The senior statutory auditor was Cathal Maneely , for and on behalf of Maneely Mc Cann Chartered Accountants .

10. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr C Dalley	26,972	1,849	28,821
Mr P Langsford	14,287	856	15,143
Mr M Beirne	84,551	3,111	87,662
	---------	-------	---------
	125,810	5,816	131,626
	---------	-------	---------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr C Dalley	12,376	14,596	26,972
Mr P Langsford	–	14,287	14,287
Mr M Beirne	–	84,551	84,551
	--------	---------	---------
	12,376	113,434	125,810
	--------	---------	---------

11. Related party transactions

The company has taken advantage of the exemption from disclosing related party transactions with group companies, in accordance with Financial Reporting Standard No. 102, Section 1A, Appendix C, Related Party Disclosures.

12. Controlling party

Clover Pubs Holdings NI Limited is the company's ultimate parent company. Copies of the consolidated financial statements may be obtained from Aisling House, 50 Stranmillis Embankment, Belfast, United Kingdom, BT9 5FL .