WEBUYANYPUBS Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09317684 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2023

for

WEBUYANYPUBS Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

K C Heaney

REGISTERED OFFICE:

Unit 5

25-27 The Burroughs

London

NW4 4AR

REGISTERED NUMBER:

09317684 (England and Wales)

ACCOUNTANTS:

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

FIXED ASSETS

Tangible assets

4

300,000

1,015,000

CURRENT ASSETS

Debtors

5

159,940

737,310

Cash at bank

25

6,080

159,965

743,390

CREDITORS

Amounts falling due within one year

6

636,836

627,227

NET CURRENT (LIABILITIES)/ASSETS

(476,871

)

116,163

TOTAL ASSETS LESS CURRENT LIABILITIES

(176,871

)

1,131,163

CREDITORS

Amounts falling due after more than one year

7

-

608,624

NET (LIABILITIES)/ASSETS

(176,871

)

522,539

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

8

(67,508

)

647,492

Retained earnings

(109,364

)

(124,954

)

SHAREHOLDERS' FUNDS

(176,871

)

522,539

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 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 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 director and authorised for issue on 29 April 2024 and were signed by:

K C Heaney - Director

1.	STATUTORY INFORMATION

WEBUYANYPUBS 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 as modified by the revaluation of certain assets.

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

In accordance with SSAP 19, no depreciation is provided in respect of land and buildings with over 20 years to run. This treatment is a departure from the requirements of the Companies Act concerning depreciation of fixed assets, however land and buildings are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot reasonably be separately identified or quantified.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 August 2022

1,015,000

Revaluations

(715,000

)

At 31 July 2023

300,000

NET BOOK VALUE

At 31 July 2023

300,000

At 31 July 2022

1,015,000

Cost or valuation at 31 July 2023 is represented by:

Land and

buildings

£

Valuation in 2023

(67,508

)

Cost

367,508

300,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Trade debtors

1,010

1,010

Other debtors

158,930

736,300

159,940

737,310

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Bank loans and overdrafts

527,821

518,213

Trade creditors

1

-

Taxation and social security

98,664

98,664

Other creditors

10,350

10,350

636,836

627,227

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.23

31.7.22

£

£

Other creditors

-

608,624

8.

RESERVES

Revaluation

reserve

£

At 1 August 2022

647,492

Bonus share issue

(715,000

)

At 31 July 2023

(67,508

)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

29 April 2024