Accounts filed on 31-03-2020


ACCOUNTS
FOR THE YEAR ENDED 31/03/2020





DIRECTORS
Adrian Davies
Zoe Wallis


REGISTERED OFFICE
3 Castle Street
Eccleshall
Sfafford
ST21 6DF


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09003872



ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY


BALANCE SHEET AT 31/03/2020

			2020		2019
	Notes		£		£

FIXED ASSETS
Tangible assets	3		169,593		171,043

CURRENT ASSETS
Stock		7,010		6,300
Debtors	5	360,087		14,262
Cash at bank and in hand		5,537		17,166
		372,634		37,728
CREDITORS: Amounts falling due within one year	6	48,786		45,841
NET CURRENT ASSETS / (LIABILITIES)			323,848		(8,113)
TOTAL ASSETS LESS CURRENT LIABILITIES			493,441		162,930


CREDITORS: Amounts falling due after more than one year	7		355,263		50,000


PROVISIONS FOR LIABILITIES AND CHARGES	9		23,991		21,318

NET ASSETS			114,187		91,612

CAPITAL AND RESERVES

Called up share capital	10		100		100
Profit and loss account			114,087		91,512
SHAREHOLDERS' FUNDS			114,187		91,612


BALANCE SHEET AT 31/03/2020

For the year ending 31/03/2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 13/11/2020 and signed on their behalf by




Adrian Davies
Director




Zoe Wallis
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Going Concern
Due to outbreak of Coronavirus and subsequent lockdown on 23 March 2020, the company's trading has been adversly affected by this. Whilst the primary public house has been able to re-open, there was a period of closure and subsequent trading has been curtailed. Further disruption will no doubt be encountered the levels of which are unknown at present.
The proposed lease of a second public house has been delayed by the Coronavirus outbreak as the directors consider it is not viable at the moment to open these premises. It is intended that these premises will open as and when circumstances change sufficiently to make it a viable business proposition.
These financial statements have been prepared on the going concern basis as the directors are confident that the company and its trade are a going concern and that it has the financial resources and the directors have the business acumen to steer it through these most difficult of times.




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Short Leasehold Properties		straight line 10%
Plant and Machinery		straight line 10%
Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		reducing balance 25%
Equipment		reducing balance 25%




1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1f. Turnover
Turnover represents the value of goods and services supplied by the company, net of value added tax and trade discounts.




5. DEBTORS	2020	2019
	£	£

Amounts falling due within one year:
Trade debtors	4,333	5,913
Other debtors	355,754	8,349
	360,087	14,262




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2020	2019
	£	£
UK corporation tax	8,469	3,736
VAT	13,631	14,747
PAYE control	1,792	475
Salaries and wages control	1,317	1,573
Directors current account	9,425	8,112
Bank Loan	4,737	-
Trade creditors	6,619	16,072
Pension schemes	296	126
Accruals	2,500	1,000
	48,786	45,841




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2020	2019
	£	£
Bank loans and overdrafts	355,263	-
Other creditors	-	50,000
	355,263	50,000


Included in other creditors are:




8. SECURED CREDITORS
	2020	2019
	£	£
Amount of bank loans and overdrafts which are secured	360,000	-




10. SHARE CAPITAL	2020	2019
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100

11. RELATED PARTY TRANSACTIONS

During the year the company made a short term loan to AD2441 Ltd, a company under common ownership, amounting to £350,611. The purpose of the loan was to purchase the premises of another public house which is to be leased back to this company. This loan was fully repaid by 30 April 2020.