Bruce Pubs (Managed) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC592048 (Scotland)

Audited Financial Statements for the Year Ended 30 June 2020

for

Bruce Pubs (Managed) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K Fullerton

S Piatkowski

REGISTERED OFFICE:

Springfield House

Laurelhill Business Park

Stirling

FK7 9JQ

REGISTERED NUMBER:

SC592048 (Scotland)

AUDITORS:

McLachlan & Tiffin

Clifton House

Crieff

PH7 4BN

CURRENT ASSETS

Debtors

4

275

150

Cash at bank

411

785

686

935

CREDITORS

Amounts falling due within one year

5

2,129

2,390

NET CURRENT LIABILITIES

(1,443

)

(1,455

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,443

)

(1,455

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,543

)

(1,555

)

SHAREHOLDERS' FUNDS

(1,443

)

(1,455

)

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 and authorised for issue on 24 June 2021 and were signed on its behalf by:

K Fullerton - Director

1.	STATUTORY INFORMATION

Bruce Pubs (Managed) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern

As at the balance sheet date the company had negative net assets of £1,443 (2019 - £1,455). The company is supported by other group companies for its working capital requirements.

Coronavirus

The company and the wider group have been affected by the Coronavirus. The company is funded by

loans from other group companies. The wider group continues to have the support of its bankers.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Amounts owed by group undertakings

100

100

VAT

35

50

Prepayments

140

-

275

150

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Trade creditors

223

-

Amounts owed to group undertakings

500

1,140

Accrued expenses

1,406

1,250

2,129

2,390

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ralph Tiffin (Senior Statutory Auditor)

for and on behalf of McLachlan & Tiffin

7.	ULTIMATE CONTROLLING PARTY

The company is wholly owned by Bruce Pubs PLC which is a wholly owned subsidiary of Bruce Group Scotland Ltd.

It is the view of the directors that there is no ultimate controlling party. The directors hold 100% of the

issued share capital of the ultimate parent Bruce Group Scotland Ltd and have an equal shareholding

and equivalent voting rights in that entity.