REGISTERED NUMBER:
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ROSEMOUNT TAVERNS LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016 |
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REGISTERED NUMBER:
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ROSEMOUNT TAVERNS LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016 |
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ROSEMOUNT TAVERNS LIMITED (REGISTERED NUMBER: SC173914) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2016 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 3 |
ROSEMOUNT TAVERNS LIMITED (REGISTERED NUMBER: SC173914) |
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ABBREVIATED BALANCE SHEET |
30 JUNE 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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ROSEMOUNT TAVERNS LIMITED (REGISTERED NUMBER: SC173914) |
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ABBREVIATED BALANCE SHEET - continued |
30 JUNE 2016 |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the Board of Directors on
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ROSEMOUNT TAVERNS LIMITED (REGISTERED NUMBER: SC173914) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
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Turnover |
Turnover represents the total invoice value, excluding value added tax, of rental income, brewers' discounts, |
commissions, sundry income and recharges of insurance and management fees made during the year. The |
company's policy is to recognise rental income in line with the rental agreements. Brewers' discount, |
commissions, sundry income and recharges of insurance and management fees are recognised in the period to |
which they relate. |
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Goodwill |
Goodwill arising on acquisition is the difference between the fair value of the consideration given and the fair |
value of the net assets acquired. It is included on the balance sheet and is being amortised over a period of 20 |
years. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Investment property |
The company's investment properties are held for long term investment: (i) Investment properties are revalued |
annually and the aggregate surplus or deficit is transferred to a revaluation reserve, and (ii) No depreciation or |
amortisation is provided in respect of investment properties. |
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Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the |
directors believe that the policy of not providing depreciation is necessary in order for the accounts to give a true |
and fair view, since the current value of investment properties, and changes to that current value, are of prime |
importance rather than a calculation of systematic annual depreciation. Depreciation is only one of the many |
factors reflected in the annual valuation, and the amount which might otherwise have been included cannot be |
separately identified or quantified. |
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Deferred tax |
The charge for taxation takes into account taxation deferred as a result of timing differences between the |
treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in |
respect of all timing differences that have originated but not reversed at the balance sheet date. However, |
deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that |
there will be suitable taxable profits from which the future reversal of the underlying timing differences can be |
deducted. Deferred tax is not recognised on revaluation gains. Deferred taxation is measured on a |
non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences |
reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. |
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Operating lease commitments |
Rental costs under operating leases are charged to the profit and loss account on a straight-line basis over the |
lease term. |
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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 the profit and loss account in the period to which they relate. |
ROSEMOUNT TAVERNS LIMITED (REGISTERED NUMBER: SC173914) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 JUNE 2016 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2015 |
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Disposals | ( |
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At 30 June 2016 |
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AMORTISATION |
At 1 July 2015 |
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Amortisation for year |
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Eliminated on disposal | ( |
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At 30 June 2016 |
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NET BOOK VALUE |
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At 30 June 2016 |
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At 30 June 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2015 |
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Additions |
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Disposals | ( |
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At 30 June 2016 |
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DEPRECIATION |
At 1 July 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 June 2016 |
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NET BOOK VALUE |
At 30 June 2016 |
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At 30 June 2015 |
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ROSEMOUNT TAVERNS LIMITED (REGISTERED NUMBER: SC173914) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 JUNE 2016 |
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4. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 July 2015 |
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Disposals | ( |
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Revaluations | ( |
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At 30 June 2016 |
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NET BOOK VALUE |
At 30 June 2016 |
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At 30 June 2015 |
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5. | CREDITORS |
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Creditors include an amount of £
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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7. | ULTIMATE PARENT COMPANY |
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