Micro-entity Accounts - THE CUPAR PUB COMPANY LIMITED

THE CUPAR PUB COMPANY LIMITED - Company Information

SC369663 THE CUPAR PUB COMPANY LIMITED 2016-12-31 false 2016-01-01 2016-12-31 true SC369663 2016-01-01 2016-12-31 SC369663 2016-12-31 SC369663 2015-12-31 SC369663 uk-gaap-cd-bus:Director1 2016-01-01 2016-12-31 SC369663 uk-gaap-cd-bus:Director2 2016-01-01 2016-12-31 SC369663 uk-gaap-cd-bus:AllEntityOfficers 2016-01-01 2016-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-01 2016-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 iso4217:GBP shares

Registered Number SC369663

THE CUPAR PUB COMPANY LIMITED

Micro-entity Accounts

31 December 2016

THE CUPAR PUB COMPANY LIMITED Registered Number SC369663

Micro-entity Balance Sheet as at 31 December 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	1	1,840	585
		1,840	585
Current assets
Stocks		3,600	4,900
Debtors	2	1,653	-
Cash at bank and in hand		22,948	15,621
		28,201	20,521
Creditors: amounts falling due within one year		(30,027)	(20,962)
Net current assets (liabilities)		(1,826)	(441)
Total assets less current liabilities		14	144
Total net assets (liabilities)		14	144
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		13	143
Shareholders' funds		14	144

For the year ending 31 December 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2017

And signed on their behalf by:
T DONALDSON, Director

THE CUPAR PUB COMPANY LIMITED Registered Number SC369663

Notes to the Micro-entity Accounts for the period ended 31 December 2016

1Tangible fixed assets

	£
Cost
At 1 January 2016	2,922
Additions	2,466
Disposals	(765)
Revaluations	-
Transfers	-
At 31 December 2016	4,623
Depreciation
At 1 January 2016	2,337
Charge for the year	1,037
On disposals	(591)
At 31 December 2016	2,783
Net book values
At 31 December 2016	1,840
At 31 December 2015	585

2Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	1,653	0

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1

4Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention.

Transition to FRS 102

These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015. The transition to FRS 102 Section 1A Small Entities has resulted in no changes in the accounting policies used previously.

Turnover policy
Turnover comprises the income arising from the operation of the Station Bar, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less
their estimated residual value, over their expected useful lives on the following bases:

Motor vehicles - 50% straight line
Furniture and fittings - 20% straight line
Office equipment - 20% straight line

Other accounting policies
Stocks

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

Deferred taxation

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts paid by the company to the fund in respect of the year.
Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with charges recognised in profit and loss.