ACCOUNTS - Accounts

ACCOUNTS - Accounts

THE CLASSIC PUB COMPANY LIMITED - Company Information

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05058206 2014-05-01 false true 2015-04-302015-04-30 05058206 2014-05-01 2015-04-30 05058206 2015-04-30 05058206 2014-04-30 05058206 c:OrdinaryShareClass1 2015-04-30 05058206 c:OrdinaryShareClass1 2014-04-30 05058206 c:OrdinaryShareClass1 2014-05-01 2015-04-30 05058206 c:OrdinaryShareClass2 2015-04-30 05058206 c:OrdinaryShareClass2 2014-04-30 05058206 c:OrdinaryShareClass2 2014-05-01 2015-04-30 05058206 c:OrdinaryShareClass3 2015-04-30 05058206 c:OrdinaryShareClass3 2014-04-30 05058206 c:OrdinaryShareClass3 2014-05-01 2015-04-30 05058206 c:Director1 2014-05-01 2015-04-30 05058206 c:EntityAccountantsOrAuditors 2015-04-30 05058206 c:EntityAccountantsOrAuditors 2014-05-01 2015-04-30 05058206 d:InvestmentProperties 2014-04-30 05058206 d:InvestmentProperties 2015-04-30 xbrli:shares iso4217:GBP

Registered number: 05058206









THE CLASSIC PUB COMPANY LIMITED







UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015
 
THE CLASSIC PUB COMPANY LIMITED
 
 
The following reproduces the text of the Chartered accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE CLASSIC PUB COMPANY LIMITED
FOR THE YEAR ENDED 30 APRIL 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Classic Pub Company Limited for the year ended 30 April 2015 which comprise the Profit and loss account, the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
 

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.


This report is made solely to the director of The Classic Pub Company Limited in accordance with the terms of our engagement letter dated 13 June 2012. Our work has been undertaken solely to prepare for your approval the financial statements of The Classic Pub Company Limited and state those matters that we have agreed to state to the director of The Classic Pub Company Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Classic Pub Company Limited and its director for our work or for this report.
 
 
It is your duty to ensure that The Classic Pub Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and profit. You consider that The Classic Pub Company Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of The Classic Pub Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

9 June 2015
Page 1
 
THE CLASSIC PUB COMPANY LIMITED
REGISTERED NUMBER: 05058206

ABBREVIATED BALANCE SHEET
AS AT 30 APRIL 2015

2015
2014
Note
£
£
£
£
 
FIXED ASSETS





 
Investment property
2
895,000
895,000
 
CURRENT ASSETS





 
Debtors
7,884
1,699

 
Cash at bank

2,163
444







 
10,047
2,143
 
CREDITORS: amounts falling due within one year
3
(37,386)
(154,829)
 
NET CURRENT LIABILITIES


(27,339)

(152,686)
 
TOTAL ASSETS LESS CURRENT LIABILITIES
867,661
742,314
 
CREDITORS: amounts falling due after more than one year
4
(478,619)

(388,687)

NET ASSETS




 389,042


 353,627
  
CAPITAL AND RESERVES

 
Called up share capital
5
100
100
 
Revaluation reserve
98,351
98,351
 
Profit and loss account
290,591
255,176
 
SHAREHOLDERS' FUNDS
 

 389,042

 353,627


The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 April 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 9 June 2015.



H.A. Grime
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2
 
THE CLASSIC PUB COMPANY LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements


The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention as modified by the revaluation of investment property and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.3
Investment properties

Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the director, necessary in order to give a true and fair view of the financial position of the company.


2.INVESTMENT PROPERTY



£


Valuation



At 1 May 2014 and 30 April 2015

 895,000

Comprising


Cost
796,649


Annual revaluation surplus/(deficit):

2015
98,351


At 30 April 2015

 895,000

The 2015 valuations were made by the directors, on an open market value for existing use basis.


3.CREDITORS:
Amounts falling due within one year

The bank loan is secured on two of the company's freehold properties.

 

4.CREDITORS:
Amounts falling due after more than one year

The bank loan is secured on two of the company's freehold properties.

Page 3
 
THE CLASSIC PUB COMPANY LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015

5.SHARE CAPITAL

        2015
        2014
        £

        £

Allotted, called up and fully paid



60 Ordinary "A" shares of £1 each
60
60
30 Ordinary "B" shares of £1 each
30
30
10 Ordinary "C" shares of £1 each
10
10

 100

 100

Page 4