The Pickled Plum Pub Company Limited - Accounts to registrar (filleted) - small 18.2
The Pickled Plum Pub Company Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Report of the Directors and |
| Unaudited Financial Statements for the Year Ended 31 July 2021 |
| for |
| The Pickled Plum Pub Company Limited |
| The Pickled Plum Pub Company Limited (Registered number: 08610071) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2021 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| The Pickled Plum Pub Company Limited |
| Company Information |
| for the Year Ended 31 July 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Cherry Tree Barn |
| Walcot Lane |
| Drakes Broughton |
| Pershore |
| Worcestershire |
| WR10 2AL |
| The Pickled Plum Pub Company Limited (Registered number: 08610071) |
| Report of the Directors |
| for the Year Ended 31 July 2021 |
| The directors present their report with the financial statements of the company for the year ended 31 July 2021. |
| DIRECTORS |
| Other changes in directors holding office are as follows: |
| STATEMENT OF DIRECTORS' RESPONSIBILITIES |
| The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
| Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: |
| - | select suitable accounting policies and then apply them consistently; |
| - | make judgements and accounting estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
| The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| ON BEHALF OF THE BOARD: |
| The Pickled Plum Pub Company Limited (Registered number: 08610071) |
| Balance Sheet |
| 31 July 2021 |
| 31.7.21 | 31.7.20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 Pickled Plum Pub Company Limited (Registered number: 08610071) |
| Balance Sheet - continued |
| 31 July 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| The Pickled Plum Pub Company Limited (Registered number: 08610071) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2021 |
| 1. | STATUTORY INFORMATION |
| The Pickled Plum Pub Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Fixtures and fittings | - |
| Computer equipment | - |
| Government grants |
| The company has adopted the accrual model for grants. Government grants relating to revenue expenditure are recognized in income on a systematic basis over the periods in which the entity recognizes the related costs for which the grant is intended to compensate. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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. |
| 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. |
| The Pickled Plum Pub Company Limited (Registered number: 08610071) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Going concern |
| The directors have assessed whether the use of going concern is appropriate, whilst the COVID-19 pandemic has resulted in the company being unable to trade during lockdowns and restrictions. The company however had adequate resources and with government restrictions lifted the business is able to continue to trade. For this reason it continues to adopt the going concern basis in preparing the financial statements. |
| Compensation for business interruption |
| The company has adopted guidance on compensation for impairment under IAS 16. Compensation for business interruption from third parties shall be recognised when the company has an unconditional contractual right to receive the compensation. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Leasehold | and | Computer |
| improvements | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 August 2020 |
| Additions |
| At 31 July 2021 |
| DEPRECIATION |
| At 1 August 2020 |
| Charge for year |
| At 31 July 2021 |
| NET BOOK VALUE |
| At 31 July 2021 |
| At 31 July 2020 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.21 | 31.7.20 |
| £ | £ |
| Other debtors |
| The Pickled Plum Pub Company Limited (Registered number: 08610071) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2021 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.21 | 31.7.20 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| The Company took out a Bounce Back Loan of £50,000 on 25th January 2021, repayable over a six year term with a fixed interest rate of 2.5%. There is automatically one year with no repayments or interest and the Business Interruption payment of £1,250, is payable by the government. Included within creditors due within 1 year is an amount of £5,000. Repayments of £833.33 commence in February 2022. |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.7.21 | 31.7.20 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 5,000 | - |
| The Company took out a Bounce Back Loan of £50,000 on 25th January 2021, repayable over a six year term with a fixed interest rate of 2.5%. There is automatically one year with no repayments or interest and the Business Interruption payment of £1,250, is payable by the government. Included within creditors due after more than 1 year is an amount of £45,000. Repayments of £833.33 commence in February 2022. |