The Pickled Plum Pub Company Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08610071 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 July 2023

for

The Pickled Plum Pub Company Limited

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

S Green

Ms A Morozov

REGISTERED OFFICE:

The Courtyard

19 High Street

Pershore

Worcestershire

WR10 1AA

REGISTERED NUMBER:

08610071 (England and Wales)

ACCOUNTANTS:

Taylor Hobbs

Cherry Tree Barn

Walcot Lane

Drakes Broughton

Pershore

Worcestershire

WR10 2AL

The directors present their report with the financial statements of the company for the year ended 31 July 2023.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a public house.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 August 2022 to the date of this report.

S Green

Ms A Morozov

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

S Green - Director

12 December 2023

FIXED ASSETS

Tangible assets

4

84,616

86,447

CURRENT ASSETS

Stocks

13,061

10,880

Debtors

5

4,659

5,192

Cash at bank and in hand

157,932

196,064

175,652

212,136

CREDITORS

Amounts falling due within one year

6

167,120

157,951

NET CURRENT ASSETS

8,532

54,185

TOTAL ASSETS LESS CURRENT LIABILITIES

93,148

140,632

CREDITORS

Amounts falling due after more than one year

7

(25,000

)

(35,000

)

PROVISIONS FOR LIABILITIES

(11,935

)

(9,418

)

NET ASSETS

56,213

96,214

CAPITAL AND RESERVES

Called up share capital

107

107

Retained earnings

56,106

96,107

SHAREHOLDERS' FUNDS

56,213

96,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2023 and were signed on its behalf by:

S Green - Director

1.	STATUTORY INFORMATION

The Pickled Plum Pub Company Limited is a private company, limited by shares , registered in England and Wales. 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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

Computer

improvements

fittings

equipment

Totals

£

£

£

£

COST

At 1 August 2022

36,877

94,653

2,789

134,319

Additions

-

6,048

1,432

7,480

At 31 July 2023

36,877

100,701

4,221

141,799

DEPRECIATION

At 1 August 2022

-

46,033

1,839

47,872

Charge for year

-

8,200

1,111

9,311

At 31 July 2023

-

54,233

2,950

57,183

NET BOOK VALUE

At 31 July 2023

36,877

46,468

1,271

84,616

At 31 July 2022

36,877

48,620

950

86,447

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Other debtors

4,659

5,192

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

41,089

35,924

Amounts owed to group undertakings

63,859

63,564

Taxation and social security

41,213

42,476

Other creditors

10,959

5,987

167,120

157,951

The Company took out a Bounce Back Loan of £50,000 on 25th January 2021, repayable over a six year term with a fixed interest rate of 2.5%. There is automatically one year with no repayments or interest and the Business Interruption payment of £1,250, is payable by the government. Included within creditors due within 1 year is an amount of £10,000. Repayments of £833.33 commenced in February 2022.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.23

31.7.22

£

£

Bank loans

25,000

35,000

The Company took out a Bounce Back Loan of £50,000 on 25th January 2021, repayable over a six year term with a fixed interest rate of 2.5%. There is automatically one year with no repayments or interest and the Business Interruption payment of £1,250, is payable by the government. Included within creditors due after more than 1 year is an amount of £25,000. Repayments of £833.33 commenced in February 2022.