Pale Moon Pub Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11154415 (England and Wales)

Unaudited Financial Statements

for the Period 17 January 2018 to 31 March 2019

for

PALE MOON PUB COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J Hartley

N K Pyle

J R Cuthbertson

P H Halliday

REGISTERED OFFICE:

The Lockhart Tavern

41 The Broadway

Haywards Heath

West Sussex

RH16 3AS

REGISTERED NUMBER:

11154415 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

218

CURRENT ASSETS

Stocks

20,681

Debtors

5

19,199

Cash at bank and in hand

93,429

133,309

CREDITORS

Amounts falling due within one year

6

(104,988

)

NET CURRENT ASSETS

28,321

TOTAL ASSETS LESS CURRENT LIABILITIES

28,539

PROVISIONS FOR LIABILITIES

8

(37

)

NET ASSETS

28,502

CAPITAL AND RESERVES

Called up share capital

9

12

Retained earnings

28,490

SHAREHOLDERS' FUNDS

28,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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 17 October 2019 and were signed on its behalf by:

N J Hartley - Director

1.	STATUTORY INFORMATION

Pale Moon Pub Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates and

these estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or

in the period of the revision and future periods if the revision affects both current and future periods.

The items in the financial statements where these judgements and estimates have been made include stock

obsolescence, provisions and the recoverability of debtors.

Turnover

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

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and

accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of

operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Computer equipment

- 33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Financial instruments

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 entity after deducting all of its financial liabilities.

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.

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.

Impairment

At each balance sheet date, the company reviews the carrying amount of its 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 an asset, the Company estimates the recoverable amount of the

cash-generating unit to which the asset belongs.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in existence

for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its

financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 15 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

301

At 31 March 2019

301

DEPRECIATION

Charge for period

83

At 31 March 2019

83

NET BOOK VALUE

At 31 March 2019

218

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

1,507

Other debtors

17,692

19,199

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

38,744

Taxation and social security

39,205

Other creditors

27,039

104,988

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

£

Within one year

45,000

Between one and five years

180,000

In more than five years

294,231

519,231

8.	PROVISIONS FOR LIABILITIES

£

Deferred tax

37

Deferred

tax

£

Charge to Income Statement during period

37

Balance at 31 March 2019

37

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

12

Ordinary

£1

12

12 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

10.	CHANGES IN SHARE CAPITAL

An initial two (2) £1 Ordinary shares were allotted and fully paid on the company incorporation date of 17

January 2018. A further ten (10) £1 Ordinary shares were allotted and fully paid on 23 August 2018.