West End Public House Ltd - Period Ending 2020-10-31

West End Public House Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 8

West End Public House Ltd

Company Information

Director

Mr D Swindell

Registered office

16 West End Ely Cambridgeshire CB6 3AY

Accountants

The Pub Experts Ltd 1st Floor 143 Connaught Avenue Frinton on Sea Essex CO13 9AB

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
West End Public House Ltd
for the Period Ended 31 October 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of West End Public House Ltd for the period ended 31 October 2020 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of West End Public House Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of West End Public House Ltd and state those matters that we have agreed to state to the Board of Directors of West End Public House Ltd, as a body, in this report in accordance with our engagement letter. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than West End Public House Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that West End Public House Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of West End Public House Ltd. You consider that West End Public House Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of West End Public House Ltd. 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 accounts.

......................................

The Pub Experts Ltd
1st Floor
143 Connaught Avenue
Frinton on Sea
Essex
CO13 9AB

6 July 2021

West End Public House Ltd

(Registration number: 12250678)
Balance Sheet as at 31 October 2020

	Note	2020 £
Fixed assets
Intangible assets	4	33,390
Tangible assets	5	24,000
		57,390
Current assets
Stocks	6	3,988
Debtors	7	13,163
Cash at bank and in hand		7,496
		24,647
Creditors: Amounts falling due within one year	8	(99,398)
Net current liabilities		(74,751)
Net liabilities		(17,361)
Capital and reserves
Called up share capital		10
Profit and loss account		(17,371)
Total equity		(17,361)

West End Public House Ltd

(Registration number: 12250678)
Balance Sheet as at 31 October 2020

For the financial period ending 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 6 July 2021
 

.........................................

Mr D Swindell
Director

West End Public House Ltd

Notes to the Unaudited Financial Statements for the Period from 8 October 2019 to 31 October 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
16 West End
Ely
Cambridgeshire
CB6 3AY
England

These financial statements were authorised for issue by the director on 6 July 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The director guaranteed his financial support to the company for the foreseeable future.

On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further libailities which might arise. The accounts do not include any adjustments to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

West End Public House Ltd

Notes to the Unaudited Financial Statements for the Period from 8 October 2019 to 31 October 2020

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% Straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Leasehold	Over 10 years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

West End Public House Ltd

Notes to the Unaudited Financial Statements for the Period from 8 October 2019 to 31 October 2020

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
Additions acquired separately	37,100	37,100
At 31 October 2020	37,100	37,100
Amortisation
Amortisation charge	3,710	3,710
At 31 October 2020	3,710	3,710
Carrying amount
At 31 October 2020	33,390	33,390

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	30,000	30,000
At 31 October 2020	30,000	30,000
Depreciation
Charge for the period	6,000	6,000
At 31 October 2020	6,000	6,000
Carrying amount
At 31 October 2020	24,000	24,000

6

Stocks

	2020 £
Finished goods and goods for resale	3,988

7

Debtors

	2020 £
Other debtors	13,163
	13,163

West End Public House Ltd

Notes to the Unaudited Financial Statements for the Period from 8 October 2019 to 31 October 2020

8

Creditors

Creditors: amounts falling due within one year

	2020 £
Due within one year
Trade creditors	3,612
Accruals and deferred income	425
Other creditors	95,361
	99,398