Sir Alexander Fleming Public House Limi - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09305911 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2016 TO 31 JANUARY 2018

FOR

SIR ALEXANDER FLEMING PUBLIC HOUSE

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J E Turner

REGISTERED OFFICE:

30-32 Tabard Street

London

SE1 4JU

REGISTERED NUMBER:

09305911 (England and Wales)

ACCOUNTANTS:

The Altus Partnership LLP

27 Old Gloucester Street

LONDON

WC1N 3AX

FIXED ASSETS

Intangible assets

4

9,999

14,999

Tangible assets

5

15,000

98,437

Investment property

6

4,637,204

4,530,000

4,662,203

4,643,436

CURRENT ASSETS

Debtors

7

87,975

30,000

CREDITORS

Amounts falling due within one year

8

4,828,175

4,607,793

NET CURRENT LIABILITIES

(4,740,200

)

(4,577,793

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(77,997

)

65,643

PROVISIONS FOR LIABILITIES

10,890

26,985

NET (LIABILITIES)/ASSETS

(88,887

)

38,658

CAPITAL AND RESERVES

Called up share capital

9

1

1

Fair value reserve

10

109,288

107,939

Retained earnings

(198,176

)

(69,282

)

SHAREHOLDERS' FUNDS

(88,887

)

38,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 October 2018 and were signed by:

J E Turner - Director

1.	STATUTORY INFORMATION

Sir Alexander Fleming Public House 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest £.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current

market rents and investment property yields for comparable real estate, adjusted if necessary for any difference

in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are

recognised in the Profit and loss account.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is

a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to

realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction

price including transaction costs and are subsequently carried at amortised cost using the effective interest

method unless the arrangement constitutes a financing transaction, where the transaction is measured at the

present value of the future receipts discounted at a market rate of interest. Financial assets classified as

receivable within one year are not amortised.

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 company after deducting all of its liabilities.

Basic financial liabilities, including bank loans, loans from fellow group companies and preference shares that

are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing

transaction, where the debt instrument is measured at the present value of the future payments discounted at a

market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or

less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction

price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the period 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 period 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.

Client monies

Tenants rental deposits are held in trust in a separate designated account and as such are not included as an asset

of the company.

Revenue recognition

Revenue is measured at fair value of the consideration received or receivable for the rental of the investment

property provided in the normal course of business.

Revenue from the rental of the investment property is recognised in the period in which the services are provided

in accordance with the rental agreements.

Going concern

The financial statements have been prepared on a going concern basis as the director considers this appropriate

due to the continued financial support of the Parent Company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2016 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2016

and 31 January 2018

24,999

AMORTISATION

At 1 December 2016

10,000

Charge for period

5,000

At 31 January 2018

15,000

NET BOOK VALUE

At 31 January 2018

9,999

At 30 November 2016

14,999

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2016

175,000

Disposals

(139,446

)

At 31 January 2018

35,554

DEPRECIATION

At 1 December 2016

76,563

Charge for period

5,000

Eliminated on disposal

(61,009

)

At 31 January 2018

20,554

NET BOOK VALUE

At 31 January 2018

15,000

At 30 November 2016

98,437

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2016

4,530,000

Additions

107,204

At 31 January 2018

4,637,204

NET BOOK VALUE

At 31 January 2018

4,637,204

At 30 November 2016

4,530,000

In the opinion of the Director, the fair value of the Investment Property at 31st January 2018 is £4,637,204 (2016

£4,530,000)

The freehold investment property was purchased on 19th May 2015 at a cost of £4,395,076.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2016

£

£

Other debtors

87,975

30,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2016

£

£

Amount due to Parent Company

4,813,168

4,596,253

Taxation and social security

4,256

4,191

Other creditors

10,751

7,349

4,828,175

4,607,793

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2016

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

The non-distributable fair value reserve at 31st January 2018 is £109,288 (2016 £107,939). This figure is net of

the associated deferred tax provision.