ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-11-302022-11-30false1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1Public houses and bars2021-12-01truetrue 07438033 2021-12-01 2022-11-30 07438033 2022-11-30 07438033 2020-12-01 2021-11-30 07438033 2021-11-30 07438033 c:Director1 2021-12-01 2022-11-30 07438033 d:CurrentFinancialInstruments 2022-11-30 07438033 d:CurrentFinancialInstruments 2021-11-30 07438033 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 07438033 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 07438033 d:ShareCapital 2022-11-30 07438033 d:ShareCapital 2021-11-30 07438033 d:RetainedEarningsAccumulatedLosses 2022-11-30 07438033 d:RetainedEarningsAccumulatedLosses 2021-11-30 07438033 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-11-30 07438033 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-11-30 07438033 c:FRS102 2021-12-01 2022-11-30 07438033 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 07438033 c:FullAccounts 2021-12-01 2022-11-30 07438033 c:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 07438033 2 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure

Registered number: 07438033

PUB CRAFT LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

PUB CRAFT LIMITED

REGISTERED NUMBER: 07438033

BALANCE SHEET

AS AT 30 NOVEMBER 2022

		2022		2021
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	3,108		27,363
Cash at bank and in hand		26,025		41,469
		29,133		68,832
Creditors: amounts falling due within one year	5	(28,832)		(42,775)
Net current assets			301		26,057
Total assets less current liabilities			301		26,057

Net assets			301		26,057

Capital and reserves
Called up share capital	100	100
Profit and loss account	201	25,957
	301	26,057

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PUB CRAFT LIMITED

REGISTERED NUMBER: 07438033

BALANCE SHEET (CONTINUED)

AS AT 30 NOVEMBER 2022

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

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

Mr B E Stackhouse

Director

Date: 9 February 2023

The notes on pages 3 to 6 form part of these financial statements.

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PUB CRAFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

1.	General information

Pub Craft Limited is a private company limited by share capital, incorporated in England and Wales, registration number 07438033. The address of the registered office is 1 Vincent Square, London, SW1P 2PN.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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PUB CRAFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

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PUB CRAFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

Debtors

					2022	2021
					£	£


Other debtors	2,910	26,975
Prepayments and accrued income	198	388
	3,108	27,363

5.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	11,915	11,781
Corporation tax	116	21,781
Other taxation and social security	16,205	8,617
Accruals and deferred income	596	596
	28,832	42,775

6.	Financial instruments
		2022	2021
		£	£

	Financial assets
	Financial assets measured at fair value through profit or loss	26,024	41,469

Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Related party transactions

During the year Mr B E Stackhouse was a director of both Pub Craft Limited and Bestplace Limited. Pub Craft Limited made sales totalling £311,667 (2021 : £355,833) to Bestplace Limited and purchases totalling £122,016 (2021 : £230,891) from Bestplace Limited in the year. At the balance sheet date £11,914 (2021 : £11,781 owed by) was owed to Bestplace Limited.

At the balance sheet date there was an amount owed by director Mr B E Stackhouse of £2,610 (2021 : £26,975). This balance will be repaid within 9 months of the year end. During the year, Mr B E Stackhouse was also a director of Pub Love Limted. At the balance sheet date Pub Love owed the company an amount of £300. This was in respect of recharged costs. The loan is interest free and repayable on demand.

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PUB CRAFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

8.	Controlling party

There was no controlling party in the year under review.

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