Manning's Pubs Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07482920 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2019

FOR

MANNING'S PUBS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Manning

Ms J D Carrigan

Ms E S Manning

J P S Manning

REGISTERED OFFICE:

Aruna House

2 Kings Road

Haslemere

Surrey

GU27 2QA

REGISTERED NUMBER:

07482920 (England and Wales)

ACCOUNTANTS:

A & N (Haslemere) Limited

Aruna House

2 Kings Road

Haslemere

Surrey

GU27 2QA

FIXED ASSETS

Tangible assets

3

10,204

12,756

CURRENT ASSETS

Stocks

5,996

5,850

Debtors

4

12,925

12,697

Cash at bank and in hand

2,689

3,359

21,610

21,906

CREDITORS

Amounts falling due within one year

5

182,845

149,386

NET CURRENT LIABILITIES

(161,235

)

(127,480

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(151,031

)

(114,724

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(151,131

)

(114,824

)

SHAREHOLDERS' FUNDS

(151,031

)

(114,724

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 31 October 2019 and were signed on its behalf by:

R J Manning - Director

1.	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.

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.

Short leasehold

-

over the life of the lease

Plant and equipment

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% 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.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2018 - 7 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

equipment

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 February 2018

and 31 January 2019

65,742

34,654

6,160

1,266

107,822

DEPRECIATION

At 1 February 2018

65,742

23,515

4,543

1,266

95,066

Charge for year

-

2,228

324

-

2,552

At 31 January 2019

65,742

25,743

4,867

1,266

97,618

NET BOOK VALUE

At 31 January 2019

-

8,911

1,293

-

10,204

At 31 January 2018

-

11,139

1,617

-

12,756

4.

DEBTORS

31.1.19

31.1.18

£

£

Amounts falling due within one year:

Trade debtors

3,688

3,460

Other debtors

1,274

1,274

4,962

4,734

Amounts falling due after more than one year:

Other debtors

7,963

7,963

Aggregate amounts

12,925

12,697

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade creditors

2,138

4,424

Taxation and social security

8,338

5,393

Other creditors

172,369

139,569

182,845

149,386

6.	ULTIMATE CONTROLLING PARTY

The controlling parties can be Ms E S Manning and Mr J P S Manning, or either of these two shareholders along

with both of the other two shareholders, Mrs JD Manning and Mr R J Manning.

7.	GOING CONCERN

The directors goal is to rebuild the reputation and name of the pub in order to build its value. In order to do this

they will continue to support the Company whilst it strives to achieve this. The directors believe the Company is

a viable going concern.