Pubsports Limited - Accounts to registrar (filleted) - small 18.2
Pubsports Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 |
| FOR |
| PUBSPORTS LIMITED |
| PUBSPORTS LIMITED (REGISTERED NUMBER: 01018777) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| PUBSPORTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
| DIRECTORS: |
| SECRETARIES: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Pembroke House |
| Charter Court |
| Swansea Enterprise Park |
| Swansea |
| West Glamorgan |
| SA7 9FS |
| SOLICITORS: |
| 9-11 St Andrews Crescent |
| Cardiff |
| CF10 3DG |
| PUBSPORTS LIMITED (REGISTERED NUMBER: 01018777) |
| BALANCE SHEET |
| 31 DECEMBER 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| 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 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| PUBSPORTS LIMITED (REGISTERED NUMBER: 01018777) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2020 |
| 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. |
| 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 |
| PUBSPORTS LIMITED (REGISTERED NUMBER: 01018777) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
| 1. | STATUTORY INFORMATION |
| Pubsports 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 |
| Freehold property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| 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. |
| Going concern |
| Based on the results shown in these financial statements together with post year end trading and their knowledge of the business, the directors are confident that the going concern principle may be applied to these financial statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and | Motor |
| property | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 January 2020 |
| Additions |
| Revaluations |
| At 31 December 2020 |
| DEPRECIATION |
| At 1 January 2020 |
| Charge for year |
| At 31 December 2020 |
| NET BOOK VALUE |
| At 31 December 2020 |
| At 31 December 2019 |
| PUBSPORTS LIMITED (REGISTERED NUMBER: 01018777) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 31 December 2020 is represented by: |
| Freehold | Plant and | Motor |
| property | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| Valuation in 2017 | 351,318 | - | - | 351,318 |
| Valuation in 2018 | (2,500 | ) | - | - | (2,500 | ) |
| Valuation in 2019 | 29,750 | - | - | 29,750 |
| Valuation in 2020 | 40,180 | - | - | 40,180 |
| Cost | 927,542 | 45,190 | 16,142 | 988,874 |
| 1,346,290 | 45,190 | 16,142 | 1,407,622 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2020 | 2019 |
| £ | £ |
| Bank loans |
| The Handelsbanken bank loans are secured on the freehold land and property. The £20,000 National Westminster Bank loan is secured under the Government Bounce Back Loan Scheme. |
| 9. | RELATED PARTY DISCLOSURES |
| Included in other debtors is £249,831 (2019 : £224,242) due from companies with common directors and shareholders. |
| PUBSPORTS LIMITED (REGISTERED NUMBER: 01018777) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by the Amodeo family. |