Wigan Pubs Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05869919 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

WIGAN PUBS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A T Callaghan

Mrs B A Callaghan

SECRETARY:

Mrs B A Callaghan

REGISTERED OFFICE:

Bretherton House

Bretherton Row

Wigan

Lancashire

WN1 1LL

REGISTERED NUMBER:

05869919 (England and Wales)

ACCOUNTANTS:

Fairhurst

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Intangible assets

4

35,814

38,568

Tangible assets

5

270,877

334,242

306,691

372,810

CURRENT ASSETS

Stocks

148,242

163,306

Debtors

6

269,257

167,921

Cash at bank and in hand

66,585

115,530

484,084

446,757

CREDITORS

Amounts falling due within one year

7

948,609

951,563

NET CURRENT LIABILITIES

(464,525

)

(504,806

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(157,834

)

(131,996

)

PROVISIONS FOR LIABILITIES

14,677

17,477

NET LIABILITIES

(172,511

)

(149,473

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(172,611

)

(149,573

)

SHAREHOLDERS' FUNDS

(172,511

)

(149,473

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 August 2019 and were signed on its behalf by:

Mrs B A Callaghan - Director

1.	STATUTORY INFORMATION

Wigan Pubs Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements and going concern

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis which assumes that the company will

continue in operational existence for the foreseeable future.

The company is dependent on the financial support of both the breweries, associated companies and the

directors.

At the balance sheet date the directors' current account amounted to £84,488 (2017 - £124,591) and would

normally be repayable on demand. The directors, however, have indicated that they will not demand repayment

of the loan during a period of at least one year from the date on which the directors approve the financial

statements.

The directors are aware of their duty to present a balanced assessment of the company's financial position and

prospects.They conclude that it is appropriate to adopt the going concern basis having regard to the trading

performance and cash flows since the year end and are confident that the company has sufficient assets to meet

the liabilities. The directors continue to strive to improve the cash flow position of the company, and are

confident of maintaining profitability.

On this basis, together with the willingness of the above parties to maintain their financial support, the directors

consider the company to be a going concern, but, inherently, there can be no certainty to these views.

The financial statements do not include any adjustments that would result from the going concern basis of

preparation being inappropriate.

The accounting policies adopted in the preparation of the financial statements are set out below.

Turnover

Turnover is measured at the fair value of the consideration received, excluding discounts, rebates, value added

tax and other sales taxes.

Turnover is recognised when the customer receives the goods.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty 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

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates

calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful

life, as follows:

Plant and machinery etc

20% on cost and 33% on cost

Stocks

Stocks are valued at the lower of cost and expected selling price, after making due allowance for obsolete and

low moving items

Financial instruments

The following assets and liabilities are classified as financial instruments; bank accounts, trade debtors, other

loans, prepayments, director's loan accounts, trade creditors and accruals,

Debt instruments that are payable or receivable within one year, typically bank accounts, trade debtors, other

loans, prepayment, director's loan accounts, trade creditors and accruals are measured initially and subsequently

at the undiscounted amount of the cash that is expected to be paid or received.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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

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 136 (2017 - 180 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2017

and 30 November 2018

55,098

AMORTISATION

At 1 December 2017

16,530

Charge for year

2,754

At 30 November 2018

19,284

NET BOOK VALUE

At 30 November 2018

35,814

At 30 November 2017

38,568

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2017

706,730

Additions

41,367

Disposals

(130,899

)

At 30 November 2018

617,198

DEPRECIATION

At 1 December 2017

372,488

Charge for year

96,772

Eliminated on disposal

(122,939

)

At 30 November 2018

346,321

NET BOOK VALUE

At 30 November 2018

270,877

At 30 November 2017

334,242

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Trade debtors

13,914

5,572

Other debtors

255,343

162,349

269,257

167,921

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Trade creditors

264,352

523,496

Taxation and social security

119,861

125,929

Other creditors

564,396

302,138

948,609

951,563

8.	RELATED PARTY DISCLOSURES

Mrs BA Callaghan is a director and the sole shareholder of the following companies:

Fifteen Pemberton Ltd

Fifteen St Annes Ltd

Little Fifteen Ltd

Fifteens of Swinley Ltd

Fifteen Chester Ltd

Fifteen Oldham Ltd

Fifteens at The Oak

Yesteryear Pubs Ltd.

Lancashire Acquisitions Ltd

During the year the company was charged rent, insurance and other expenses, by these companies, as detailed

below.

2018

2017

£

Rent

Fifteen Pemberton Ltd

30,500

Fifteen St Annes Ltd

28,000

Little Fifteen Ltd

55,884

56,384

Fifteens of Swinley Ltd

30,508

31,299

Fifteen Chester Ltd

47,750

Yesteryear Pubs Ltd

40,000

Lancashire Acquisitions Ltd

10,000

20,300

Fifteen at The Oak Ltd

27,225

28,379

Insurance and other expenses

Fifteen Pemberton Ltd

100

74

Fifteen St Annes Ltd

1,585

1,513

Little Fifteen Ltd

3,197

2,527

Fifteen Chester Ltd

2,762

2,625

Fifteen Oldham Ltd

370

Yesteryear Pubs Ltd.

95

65

Lancashire Acquisitions Ltd

150

Fifteen at The Oak

60

Included in trade creditors are the amounts detailed below owed by the company.

Fifteen Pemberton Ltd

20

Yesteryear Pubs Ltd

7,125

20,105

Lancashire Acquisitions Ltd

5,000

Fifteens of Swinley Ltd

68

Fifteen Chester Ltd

16

Fifteen at The Oak Ltd

2,667

During the year the company charged Lancashire Acquisitions Limited £NIL (2017: £10,000) in respect of

management fees and £NIL (2017: £1,200) in respect of recharges.

Included in Other creditors is £17,000 owed to Lancashire Acquisitions Limited in respect of a loan.

Included in Other debtors is £40,000 (2018: £35,000) in respect of a loan to Fifteen Oldham Limited.

The Doncaster Pub Company.

A T Callaghan and Mrs B A Callaghan are directors and shareholders,

During the year the company sold goods and services to The Doncaster Pub Company Limited

Bar Sales

217,771

215,475

Management fees

16,000

Recharges

66,664

66,820

Included in Trade debtor is £5,206 (2017: £2,736) owed to the company, by The Doncaster Pub Company

Limited.

A T Callaghan

Director

During the year the company was charged rent of £4,275 (2017: £4,275) and management charges of £NIL

(2017: £15,000) by the director, A T Callaghan

Included in Trade creditors is £NIL (2017: £2,565) owed to the director, A T Callaghan.

Included in other creditors is £38,534 (2017: £45,337) owed to the director A T Callaghan.

Mrs B A Callaghan

Director and shareholder.

During the year the company was charged rent of £4,275 (2017: £4,275) and management charges of £NIL

(2017: £15,000) by the director, Mrs B A Callaghan

Included in Trade creditors is £NIL (£2017: £2,565) owed to the director, A T Callaghan.

Included in other creditors is £45,954 (2017: £79,254) owed to the directors Mrs B A Callaghan.

Liberty Sipp Trustees Callaghan and Others - The George

Pension scheme of Directors, A T Callaghan and Mrs B A Callaghan

Included in Other debtors is £50,000 (2017: £NIL) in respect of a loan to Liberty Sipp Trustees Callaghan and

Others - The George.

Wigan Pubs Limited - Accounts to registrar (filleted) - small 18.2

Wigan Pubs Limited - Accounts to registrar (filleted) - small 18.2