Sir Alexander Fleming Public House Limi - Accounts to registrar (filleted) - small 18.2
Sir Alexander Fleming Public House Limi - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 FEBRUARY 2018 TO 30 JUNE 2018 |
FOR |
SIR ALEXANDER FLEMING PUBLIC HOUSE |
LIMITED |
SIR ALEXANDER FLEMING PUBLIC HOUSE |
LIMITED (REGISTERED NUMBER: 09305911) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 FEBRUARY 2018 TO 30 JUNE 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SIR ALEXANDER FLEMING PUBLIC HOUSE |
LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 FEBRUARY 2018 TO 30 JUNE 2018 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
27 Old Gloucester Street |
LONDON |
WC1N 3AX |
SIR ALEXANDER FLEMING PUBLIC HOUSE |
LIMITED (REGISTERED NUMBER: 09305911) |
BALANCE SHEET |
30 JUNE 2018 |
2018 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Fair value reserve | 10 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges her 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. |
SIR ALEXANDER FLEMING PUBLIC HOUSE |
LIMITED (REGISTERED NUMBER: 09305911) |
BALANCE SHEET - continued |
30 JUNE 2018 |
The financial statements were approved by the director on |
SIR ALEXANDER FLEMING PUBLIC HOUSE |
LIMITED (REGISTERED NUMBER: 09305911) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 FEBRUARY 2018 TO 30 JUNE 2018 |
1. | STATUTORY INFORMATION |
Sir Alexander Fleming Public House Limited is a |
Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
Monetary amounts in these financial statements are rounded to the nearest £. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The current period is for 5 months 1st February 2018 to 30th June 2018. The comparative figures are for the 14 |
months ended 31st January 2018 and therefore not entirely comparable. |
Goodwill |
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 |
Plant and machinery etc | - | 25% on reducing balance |
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, if any. Where |
it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount |
of the cash-generating unit to which the asset belongs. |
Investment property |
Investment property is carried at fair value determined annually by the directors and derived from the current |
market rents and investment property yields for comparable real estate, adjusted if necessary for any difference |
in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are |
recognised in the Profit and loss account. |
SIR ALEXANDER FLEMING PUBLIC HOUSE |
LIMITED (REGISTERED NUMBER: 09305911) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 FEBRUARY 2018 TO 30 JUNE 2018 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
contractual provisions of the instrument. |
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is |
a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to |
realise the asset and settle the liability simultaneously. |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction |
price including transaction costs and are subsequently carried at amortised cost using the effective interest |
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the |
present value of the future receipts discounted at a market rate of interest. Financial assets classified as |
receivable within one year are not amortised. |
Financial liabilities and equity instruments are classified according to the substance of the contractual |
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of |
the company after deducting all of its liabilities. |
Basic financial liabilities, including bank loans, loans from fellow group companies and preference shares that |
are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing |
transaction, where the debt instrument is measured at the present value of the future payments discounted at a |
market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of |
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or |
less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction |
price and subsequently measured at amortised cost using the effective interest method. |
Taxation |
Taxation for the period 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. |
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 period 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. |
Tenants rental deposits are held in trust in a separate designated account and as such are not included as an asset |
of the company. |
SIR ALEXANDER FLEMING PUBLIC HOUSE |
LIMITED (REGISTERED NUMBER: 09305911) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 FEBRUARY 2018 TO 30 JUNE 2018 |
2. | ACCOUNTING POLICIES - continued |
Revenue is measured at fair value of the consideration received or receivable for the rental of the investment |
property provided in the normal course of business. |
Revenue from the rental of the investment property is recognised in the period in which the services are provided |
in accordance with the rental agreements. |
Going concern |
The financial statements have been prepared on a going concern basis as the director considers this appropriate |
due to the continued financial support of the Parent Company. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 February 2018 |
and 30 June 2018 |
AMORTISATION |
At 1 February 2018 |
Charge for period |
At 30 June 2018 |
NET BOOK VALUE |
At 30 June 2018 |
At 31 January 2018 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 February 2018 |
and 30 June 2018 |
DEPRECIATION |
At 1 February 2018 |
Charge for period |
At 30 June 2018 |
NET BOOK VALUE |
At 30 June 2018 |
At 31 January 2018 |
SIR ALEXANDER FLEMING PUBLIC HOUSE |
LIMITED (REGISTERED NUMBER: 09305911) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 FEBRUARY 2018 TO 30 JUNE 2018 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2018 |
Additions |
At 30 June 2018 |
NET BOOK VALUE |
At 30 June 2018 |
At 31 January 2018 |
In the opinion of the Director, the fair value of the Investment Property at 30th June 2018 is £4,787,204 |
(31/01/18 £4,637,204) |
The freehold investment property was purchased on 19th May 2015 at a cost of £4,395,076. |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2018 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2018 |
£ | £ |
Amount due to Parent Company |
Taxation and social security |
Other creditors |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2018 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
10. | RESERVES |
The non-distributable fair value reserve at 30th June 2018 is £109,288 (31.01.18 £109,288). This figure is net of |
the associated deferred tax provision. |