The One and Only Pub Co Ltd - Limited company - abbreviated - 11.6
The One and Only Pub Co Ltd - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2015 |
| FOR |
| THE ONE AND ONLY PUB COMPANY LIMITED |
| THE ONE AND ONLY PUB COMPANY LIMITED (REGISTERED NUMBER: 03938353) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| THE ONE AND ONLY PUB COMPANY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 28 FEBRUARY 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| THE ONE AND ONLY PUB COMPANY LIMITED (REGISTERED NUMBER: 03938353) |
| ABBREVIATED BALANCE SHEET |
| 28 FEBRUARY 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 ONE AND ONLY PUB COMPANY LIMITED (REGISTERED NUMBER: 03938353) |
| ABBREVIATED BALANCE SHEET - continued |
| 28 FEBRUARY 2015 |
| The financial statements were approved by the director on |
| THE ONE AND ONLY PUB COMPANY LIMITED (REGISTERED NUMBER: 03938353) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
| 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. Turnover is recognised when the |
| goods are physically received by the customer. |
| Goodwill |
| The director carried out an impairment review at the year end and concluded that the value of goodwill, acquired |
| in 2000, was greater than its original cost . Therefore, the policy not to amortise goodwill has been adopted in the |
| financial statements. This is a departure from the specific requirement of companies legislation to amortise |
| goodwill over a finite period for the overriding purpose of giving a true and fair view. |
| The effect of this departure is to not charge any amortisation of goodwill to the profit and loss account for the |
| period or to reduce the value of goodwill as shown in the balance sheet as at the balance sheet date. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| The director considers that the freehold property and its improvements are maintained in such a state of repair |
| that their residual value is at least equal to their net book value. As a result, the corresponding depreciation |
| would not be material and therefore is not charged in the profit and loss account. Impairment reviews have been |
| prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2014 |
| and 28 February 2015 |
| NET BOOK VALUE |
| At 28 February 2015 |
| At 28 February 2014 |
| THE ONE AND ONLY PUB COMPANY LIMITED (REGISTERED NUMBER: 03938353) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST OR VALUATION |
| At 1 March 2014 |
| Additions |
| At 28 February 2015 |
| DEPRECIATION |
| At 1 March 2014 |
| Charge for year |
| At 28 February 2015 |
| NET BOOK VALUE |
| At 28 February 2015 |
| At 28 February 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2015 | 2014 |
| £ | £ |
| Repayable by instalments | 209,323 | 241,352 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| 6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 28 February 2015 and |
| 28 February 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| During the year the company charged the director £2,610 (2014: £3,665) in loan interest at 3.25%. |
| 7. | CONTROLLING PARTY |
| The company is controlled by J Mogg, the director |