Bucks Horn Pub Ltd Company Accounts

BUCKS HORN PUB LIMITED - Company Information

false false false false false false false false false true false false false false false false false No description of principal activity 2016-06-01 Sage Accounts Production Advanced 2017 Update 3 - FRS xbrli:pure xbrli:shares iso4217:GBP 08936446 2016-06-01 2017-05-31 08936446 2017-05-31 08936446 2016-05-31 08936446 2016-05-31 08936446 core:LandBuildings 2016-06-01 2017-05-31 08936446 core:PlantMachinery 2016-06-01 2017-05-31 08936446 bus:RegisteredOffice 2016-06-01 2017-05-31 08936446 bus:LeadAgentIfApplicable 2016-06-01 2017-05-31 08936446 bus:Director1 2016-06-01 2017-05-31 08936446 bus:Director2 2016-06-01 2017-05-31 08936446 bus:Director3 2016-06-01 2017-05-31 08936446 core:LandBuildings 2016-05-31 08936446 core:PlantMachinery 2016-05-31 08936446 core:LandBuildings 2017-05-31 08936446 core:PlantMachinery 2017-05-31 08936446 core:WithinOneYear 2017-05-31 08936446 core:WithinOneYear 2016-05-31 08936446 core:ShareCapital 2017-05-31 08936446 core:ShareCapital 2016-05-31 08936446 core:RetainedEarningsAccumulatedLosses 2017-05-31 08936446 core:RetainedEarningsAccumulatedLosses 2016-05-31 08936446 core:LandBuildings 2016-05-31 08936446 core:PlantMachinery 2016-05-31 08936446 bus:FRS102 2016-06-01 2017-05-31 08936446 bus:AuditExempt-NoAccountantsReport 2016-06-01 2017-05-31 08936446 bus:FullAccounts 2016-06-01 2017-05-31 08936446 bus:SmallCompaniesRegimeForAccounts 2016-06-01 2017-05-31 08936446 bus:PrivateLimitedCompanyLtd 2016-06-01 2017-05-31 08936446 core:AllAssociates 2016-06-01 2017-05-31

COMPANY REGISTRATION NUMBER: 08936446

Bucks Horn Pub Ltd

Filleted Unaudited Financial Statements

31 May 2017

Bucks Horn Pub Ltd

Financial Statements

Year ended 31 May 2017

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Bucks Horn Pub Ltd

Officers and Professional Advisers

The board of directors	J. Phipps
	M. Robson
	M. Williams

Registered office	Units B & C, Coxbridge Business Centre
	Alton Road
	Farnham
	Surrey
	GU10 5EH

Accountants	McNaught & Co
	Chartered accountant
	189 Wokingham Road
	Reading
	RG6 1LT

Bankers	Handelsbanken
	M1 Millennium Centre
	First Floor
	Crosby Way
	Farnham
	Surrey
	UK
	GU9 7XX

Bucks Horn Pub Ltd

Statement of Financial Position

31 May 2017

	2017		2016
Note	£	£	£

Fixed assets

Tangible assets	4		377,696	381,827

Current assets

Debtors	5	159	135
Cash at bank and in hand		699	813
		----	----
		858	948

Creditors: amounts falling due within one year	6	480,344		408,790
		---------		---------
Net current liabilities			479,486	407,842
			---------	---------
Total assets less current liabilities			( 101,790)	( 26,015)
			---------	--------
Net liabilities			( 101,790)	( 26,015)
			---------	--------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	( 102,790)	( 27,015)
	---------	--------
Shareholders deficit	( 101,790)	( 26,015)
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Bucks Horn Pub Ltd

Statement of Financial Position (continued)

31 May 2017

These financial statements were approved by the board of directors and authorised for issue on 14 November 2017 , and are signed on behalf of the board by:

M. Robson

Director

Company registration number: 08936446

Bucks Horn Pub Ltd

Notes to the Financial Statements

Year ended 31 May 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Units B & C, Coxbridge Business Centre, Alton Road, Farnham, Surrey, GU10 5EH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 June 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold buildings	-	2% straight line
Plant and machinery	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units .

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

4. Tangible assets

	Land and buildings	Plant and machinery	Total
	£	£	£
Cost
At 1 June 2016 and 31 May 2017	389,778	1,000	390,778
	---------	-------	---------
Depreciation
At 1 June 2016	8,518	433	8,951
Charge for the year	3,931	200	4,131
	---------	-------	---------
At 31 May 2017	12,449	633	13,082
	---------	-------	---------
Carrying amount
At 31 May 2017	377,329	367	377,696
	---------	-------	---------
At 31 May 2016	381,260	567	381,827
	---------	-------	---------

5. Debtors

	2017	2016
	£	£
Other debtors	159	135
	----	----

6. Creditors: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	( 1,199)	792
Other creditors	481,543	407,998
	---------	---------
	480,344	408,790
	---------	---------

7. Related party transactions

The Company was associated with Surrey Pub Group throughout the period and at the year end owed it £478336 (2016 - £406648) on an interest free loan. The company was also associated with Red Mist Leisure Ltd throughout the period and at the year end owed it £2707 (2016 - £850) on an interest free loan.

8. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 June 2015.

No transitional adjustments were required in equity or profit or loss for the year.