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Financial Statements |
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for the Year Ended 31 October 2017 |
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for |
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Old Hall Inns & Taverns Limited |
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REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31 October 2017 |
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for |
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Old Hall Inns & Taverns Limited |
Old Hall Inns & Taverns Limited (Registered number: 01396258) |
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Contents of the Financial Statements |
for the Year Ended 31 October 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Old Hall Inns & Taverns Limited |
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Company Information |
for the Year Ended 31 October 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Oriel House |
2/8 Oriel Road |
Bootle |
Merseyside |
L20 7EP |
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BANKERS: |
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1 Dale Street |
Liverpool |
Merseyside |
L2 2PP |
Old Hall Inns & Taverns Limited (Registered number: 01396258) |
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Balance Sheet |
31 October 2017 |
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31.10.17 | 31.10.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks | 6 |
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Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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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 |
9 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
Old Hall Inns & Taverns Limited (Registered number: 01396258) |
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Balance Sheet - continued |
31 October 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Old Hall Inns & Taverns Limited (Registered number: 01396258) |
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Notes to the Financial Statements |
for the Year Ended 31 October 2017 |
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1. | STATUTORY INFORMATION |
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Old Hall Inns & Taverns Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents sales made during the period exclusive of Value Added Tax. Revenue is recognised at the |
point of sale. |
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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Depreciation on property and improvements has not been charged on the grounds that the depreciation charge |
and accumulated depreciation are considered to be immaterial due to both the long useful economic lives and |
the high estimated residual values, which are not deemed to be materially different from the carrying amount. |
Impairment reviews are carried out on these assets at the end of each reporting period. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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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 profit or loss in the period to which they relate. |
Old Hall Inns & Taverns Limited (Registered number: 01396258) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 November 2016 |
and 31 October 2017 |
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AMORTISATION |
At 1 November 2016 |
and 31 October 2017 |
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NET BOOK VALUE |
At 31 October 2017 |
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At 31 October 2016 |
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5. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Freehold | to | and |
property | property | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 November 2016 |
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Additions |
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At 31 October 2017 |
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DEPRECIATION |
At 1 November 2016 |
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Charge for year |
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At 31 October 2017 |
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NET BOOK VALUE |
At 31 October 2017 |
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At 31 October 2016 |
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6. | STOCKS |
31.10.17 | 31.10.16 |
£ | £ |
Stocks |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.17 | 31.10.16 |
£ | £ |
Other debtors |
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Old Hall Inns & Taverns Limited (Registered number: 01396258) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.17 | 31.10.16 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.10.17 | 31.10.16 |
£ | £ |
Other creditors |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.17 | 31.10.16 |
value: | £ | £ |
NIL | Ordinary 1p | 1p | - | 666 |
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A Ordinary £0.01 | 1p | 333 | - |
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B Ordinary £0.01 | 1p | 333 | - |
666 | 666 |
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At the 22nd June 2017 the companies shares of 66,600 were split into 33,300 A Ordinary Shares and 33,300 B |
Ordinary Shares. |
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11. | FIRST YEAR ADOPTION |
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This is the first year that the company has presented its financial statements under Financial Reporting |
Standard 102 (FRS102) 1A) issued by the Financial Reporting Council. |
The last financial statements, for the year ended 31st October 2016, were prepared under previous UK GAAP. |
The transition date to FRS 102 is therefore 1st November 2015. |
Adopting FRS 102 has meant that a number of accounting policies have been changed to comply with the new |
standard. |
Under the new accounting standards no adjustments were required this year, last year or at the transition date. |