The Green Elephant Pub Company Ltd Filleted accounts for Companies House (small and micro)
The Green Elephant Pub Company Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04006506
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FOR THE YEAR ENDED |
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FINANCIAL STATEMENTS |
YEAR ENDED 31 MAY 2018
Contents |
Page |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
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STATEMENT OF FINANCIAL POSITION |
2018 |
2017 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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Current assets
Stocks |
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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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(
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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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.
Directors' 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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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STATEMENT OF FINANCIAL POSITION (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
26 February 2019
, and are signed on behalf of the board by:
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Director |
Company registration number:
04006506
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 MAY 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, 7 - 12 Tavistock Square, London, WC1H 9BQ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
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 Property |
- |
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Fixtures, Fittings and Equipment |
- |
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Impairment of fixed assets
Stocks
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
13
(2017:
11
).
5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1 June 2017 and 31 May 2018 |
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Amortisation |
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At 1 June 2017 |
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Charge for the year |
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-------- |
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At 31 May 2018 |
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Carrying amount |
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At 31 May 2018 |
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-------- |
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At 31 May 2017 |
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6.
Tangible assets
Long leasehold property |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 June 2017 |
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Additions |
– |
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At 31 May 2018 |
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Depreciation |
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At 1 June 2017 |
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Charge for the year |
– |
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At 31 May 2018 |
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Carrying amount |
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At 31 May 2018 |
– |
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At 31 May 2017 |
– |
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7.
Debtors
2018 |
2017 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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9.
Related party transactions
The company was under the control of Messrs R W A Manners and G G Manners throughout the current and previous year. Messrs Manners and Manners are joint managing directors of the company and together with other family members, are the shareholders of
Orange Giraffe Holdings Limited
, which in turn is the sole shareholder of The Green Elephant Pub Company Limited. The following amounts were owed to The Green Elephant Pub Company Limited by other subsidiaries of Orange Giraffe Holdings Limited: £ 5,776
(2017: £5,776) by OG6 Limited
, £ 254,808
(2017: £156,665) by Yellow Bear Pub Co Limited
, £0 (2017: £12,968) by OG5 Limited
and £0 (2017 £36,469) by The Orange Giraffe Pub Company Limited
. The following amounts were owed by The Green Elephant Pub Company Limited to other subsidiaries of Orange Giraffe Holdings Limited: £0 (2017: £27,049) to Purple Tiger Pub Company Limited
, £ 18,892
(2017: (£36,469)) to The Orange Giraffe Pub Company Limited and £ 7,900
(2017: £7,900) to Orange Giraffe Holdings Limited. All amounts are interest free and repayable on demand.