Pride of Place (Food & Drink) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06639888 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

PRIDE OF PLACE (FOOD & DRINK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Accountants' Report

5

DIRECTORS:

M Dawkins

M P Applegate

SECRETARY:

M P Applegate

REGISTERED OFFICE:

Testwood House, Testwood Park

Salisbury Road

Calmore

Southampton

Hampshire

SO40 2RW

REGISTERED NUMBER:

06639888 (England and Wales)

ACCOUNTANTS:

Wilkins Kennedy

7/8 Eghams Court

Boston Drive

Bourne End

Buckinghamshire

SL8 5YS

FIXED ASSETS

Tangible assets

3

-

-

CURRENT ASSETS

Debtors

4

27,972

27,261

Cash at bank and in hand

4,074

1,596

32,046

28,857

CREDITORS

Amounts falling due within one year

5

165,896

164,414

NET CURRENT LIABILITIES

(133,850

)

(135,557

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(133,850

)

(135,557

)

CAPITAL AND RESERVES

Called up share capital

6

112,230

112,230

Retained earnings

(246,080

)

(247,787

)

SHAREHOLDERS' FUNDS

(133,850

)

(135,557

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 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 Board of Directors on 21 December 2018 and were signed on its behalf by:

M Dawkins - Director

1.	STATUTORY INFORMATION

Pride of Place (Food & Drink) Ltd 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 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.

The date of transition to FRS 102 was 1 April 2015. There were no adjustments on transition to FRS 102 from previous UK

GAAP.

The financial statements have been prepared on a going concern basis which depends on the continued support of the

shareholders and key suppliers. Having considered the information available to them, the directors consider that the going

concern basis of preparation is appropriate.

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.

Computer equipment

-

33% on cost

Financial instruments

The company uses certain financial instruments in its normal operating and investing activities, which are deemed

appropriate to its circumstances, such as trade receivables and trade payables, cash at bank deposits and bank overdrafts,

loans and equity shares. Financial assets and liabilities are recognised on the company's balance sheet when the company has

become a party to the contractual provisions of the instrument.

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.

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.

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2017

and 31 March 2018

1,611

DEPRECIATION

At 1 April 2017

and 31 March 2018

1,611

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

1,833

2,530

Other debtors

9,554

9,554

Directors' current accounts

11,946

11,949

Corporation tax recoverable

3,136

3,123

VAT

1,503

105

27,972

27,261

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

16,008

12,335

Taxation

-

591

Other creditors

142,408

144,008

Accrued expenses

7,480

7,480

165,896

164,414

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

112,230

Ordinary

£1

112,230

112,230

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and 31 March 2017:

2018

2017

£

£

M Dawkins

Balance outstanding at start of year

11,949

10,132

Amounts advanced

-

1,817

Amounts repaid

(4

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,945

11,949

The following reproduces the text of the report prepared for the directors 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 Directors are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Pride of Place (Food & Drink) Ltd for the year ended 31 March 2018 which comprise the Income Statement, Balance

Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and

explanations you have given us.

This report is made solely to the Board of Directors of Pride of Place (Food & Drink) Ltd, as a body, in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pride of Place (Food &

Drink) Ltd and state those matters that we have agreed to state to the Board of Directors of Pride of Place (Food & Drink) Ltd, as a

body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pride of

Place (Food & Drink) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pride of Place (Food & Drink) Ltd has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pride of Place (Food &

Drink) Ltd. You consider that Pride of Place (Food & Drink) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pride of Place (Food & Drink) Ltd. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have

given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wilkins Kennedy

7/8 Eghams Court

Boston Drive

Bourne End

Buckinghamshire

SL8 5YS

21 December 2018