| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 May 2017 |
| for |
| A & J Inns Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 May 2017 |
| for |
| A & J Inns Limited |
| A & J Inns Limited (Registered number: 03372375) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| A & J Inns Limited |
| Company Information |
| for the Year Ended 31 May 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 55 Fountain Street |
| Morley |
| Leeds |
| West Yorkshire |
| LS27 0AA |
| BANKERS: |
| 27 Market Place |
| Huddersfield |
| West Yorkshire |
| HD1 2AD |
| SOLICITORS: |
| 29/31 Commercial Street |
| Morley |
| Leeds |
| West Yorkshire |
| LS27 8HX |
| A & J Inns Limited (Registered number: 03372375) |
| Balance Sheet |
| 31 May 2017 |
| 31.5.17 | 31.5.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| A & J Inns Limited (Registered number: 03372375) |
| Balance Sheet - continued |
| 31 May 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| A & J Inns Limited (Registered number: 03372375) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2017 |
| 1. | STATUTORY INFORMATION |
| A & J Inns Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| This is the first year of adoption of FRS 102. |
| The financial statements are presented in Sterling (£). |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Revenue from the sale of goods is recognised when goods are delivered and legal title passes. |
| Goodwill |
| Goodwill is amortised over a period of 5 years. |
| 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. |
| Tangible fixed assets |
| Freehold property | - |
| Leasehold improvements | - |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and |
| accumulated impairment losses. |
| At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine |
| whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the |
| recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. |
| Stocks |
| Stocks of consumable trading stock in the licenced public premises and storage warehouse are valued at the |
| lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| Current or deferred taxation assets and liabilities are not discounted. |
| 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. |
| A & J Inns Limited (Registered number: 03372375) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 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. |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 June 2016 |
| and 31 May 2017 |
| AMORTISATION |
| At 1 June 2016 |
| and 31 May 2017 |
| NET BOOK VALUE |
| At 31 May 2017 |
| At 31 May 2016 |
| A & J Inns Limited (Registered number: 03372375) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements |
| Freehold | Leasehold | to |
| property | improvements | property |
| £ | £ | £ |
| COST |
| At 1 June 2016 |
| Additions |
| At 31 May 2017 |
| DEPRECIATION |
| At 1 June 2016 |
| Charge for year |
| Eliminated on disposal |
| At 31 May 2017 |
| NET BOOK VALUE |
| At 31 May 2017 |
| At 31 May 2016 |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 June 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 May 2017 |
| DEPRECIATION |
| At 1 June 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 May 2017 |
| NET BOOK VALUE |
| At 31 May 2017 |
| At 31 May 2016 |
| A & J Inns Limited (Registered number: 03372375) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2017 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 June 2016 |
| Additions |
| Disposals | ( |
) |
| At 31 May 2017 |
| DEPRECIATION |
| At 1 June 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 May 2017 |
| NET BOOK VALUE |
| At 31 May 2017 |
| At 31 May 2016 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.17 | 31.5.16 |
| £ | £ |
| Trade debtors |
| Amounts owed by associates |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.17 | 31.5.16 |
| £ | £ |
| Bank loans and overdrafts |
| Other loans |
| Hire purchase contracts |
| Trade creditors |
| Amounts owed to associates |
| Tax |
| Social security and other taxes |
| VAT |
| Tenant bond |
| Premium Credit loan |
| Pension creditor |
| Directors' current accounts |
| Accruals |
| A & J Inns Limited (Registered number: 03372375) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2017 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.5.17 | 31.5.16 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loan due in over 5 years |
| Hire purchase contracts |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loan due in over 5 years | 218,611 | 283,105 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.5.17 | 31.5.16 |
| £ | £ |
| Bank loans |
| Carlsberg UK Limited loan | 105,982 | - |
| The company's bankers have secured their debt as follows: |
| 1. First legal charge over the freehold property known as 13 Beastfair, Pontefract. |
| 2. First legal charge over the freehold property known as Bar 12, 12 Shoe Fair, Pontefract. |
| 3. First legal charge over the freehold property known as JR Amusements, Mill Lane, Skipsea. |
| 4. First legal charge over the freehold property known as The Jug Inn, Chapel Haddlessey, Selby. |
| 5. First legal charge over the freehold property known as Three Acres, Bingley Road, Lees Moor, Keighley. |
| 6. First legal charge over the leasehold property known as Castleford Liberal WMC, 1 Powell St, Castleford. |
| 7. Unlimited cross guarantee between A & J Inns Limited and L & C Leisure Limited. |
| 8. Debenture over all assets of the Company. |
| Carlsberg UK Limited have secured the company's debt as follows: |
| 1. Fixed and floating charges over the freehold licensed premises known as The Redoubt Inn, 28 Horbury Road, |
| Wakefield. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.5.17 | 31.5.16 |
| value: | £ | £ |
| Ordinary | £1 | 1,000 | 1,000 |
| A & J Inns Limited (Registered number: 03372375) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2017 |
| 11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| A director loaned funds to the company on an interest free basis throughout the financial year. The balance owed |
| to the director at the start of the year was £203,192.The balance due at 31 May 2017 is £68,368. |
| 12. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £10,000 were paid to the director . |
| The sole director, Mr Lumb, in partnership with Mrs Lumb levied a management charge during the financial year |
| of £100,000 (2016: £140,000) in respect of jointly managing the affairs of the venues operated by the company |
| and for the use of the shared office space wholly owned by Mr & Mrs Lumb. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling parties are Mr & Mrs Lumb. |
| 14. | FIRST YEAR ADOPTION |
| The financial statements for the year ended 31 May 2017 are the first for A&J Inns Limited prepared in |
| accordance with FRS 102, the reporting standard applicable in the UK and Republic of Ireland. The date of |
| transition to FRS 102 was 1 June 2016. The reported financial position and financial performance of the previous |
| period are not affected by the transition to FRS 102. |