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REGISTERED NUMBER: 08970448 (England and Wales)















T W I PUBS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






T W I PUBS LIMITED (REGISTERED NUMBER: 08970448)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T W I PUBS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr D Harding





REGISTERED OFFICE: 15 High Street
Brackley
Northamptonshire
NN13 7DH





REGISTERED NUMBER: 08970448 (England and Wales)





ACCOUNTANTS: Blencowes
15 High Street
Brackley
Northamptonshire
NN13 7DH

T W I PUBS LIMITED (REGISTERED NUMBER: 08970448)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 107,681 174,484
Investments 5 20,000 20,000
127,681 194,484

CURRENT ASSETS
Stocks 15,671 23,822
Debtors 6 11,102 12,949
Prepayments and accrued income - 111
Cash at bank and in hand 233,721 129,851
260,494 166,733
CREDITORS
Amounts falling due within one year 7 174,509 159,635
NET CURRENT ASSETS 85,985 7,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,666

201,582

CREDITORS
Amounts falling due after more than one
year

8

(23,447

)

(30,499

)

PROVISIONS FOR LIABILITIES (19,041 ) (17,350 )
NET ASSETS 171,178 153,733

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 171,078 153,633
SHAREHOLDERS' FUNDS 171,178 153,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

T W I PUBS LIMITED (REGISTERED NUMBER: 08970448)

BALANCE SHEET - continued
31 MARCH 2023


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 24 October 2023 and were signed by:





Mr D Harding - Director


T W I PUBS LIMITED (REGISTERED NUMBER: 08970448)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

T W I Pubs 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 (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of wet and dry stock is recognised when the significant rewards of ownership are transferred and the transaction is expected to generate a future cash flow. This is usually at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

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

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


T W I PUBS LIMITED (REGISTERED NUMBER: 08970448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
Deferred taxation
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 14,714 54,334 147,730
Additions - 5,147 1,894
Disposals - - -
At 31 March 2023 14,714 59,481 149,624
DEPRECIATION
At 1 April 2022 10,704 34,501 84,641
Charge for year 602 3,651 6,465
Eliminated on disposal - - -
At 31 March 2023 11,306 38,152 91,106
NET BOOK VALUE
At 31 March 2023 3,408 21,329 58,518
At 31 March 2022 4,010 19,833 63,089

T W I PUBS LIMITED (REGISTERED NUMBER: 08970448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 92,490 17,398 326,666
Additions 15,793 - 22,834
Disposals (92,490 ) - (92,490 )
At 31 March 2023 15,793 17,398 257,010
DEPRECIATION
At 1 April 2022 16,952 5,384 152,182
Charge for year 1,579 1,802 14,099
Eliminated on disposal (16,952 ) - (16,952 )
At 31 March 2023 1,579 7,186 149,329
NET BOOK VALUE
At 31 March 2023 14,214 10,212 107,681
At 31 March 2022 75,538 12,014 174,484

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 20,000
NET BOOK VALUE
At 31 March 2023 20,000
At 31 March 2022 20,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 97 -
Other debtors 11,005 12,949
11,102 12,949

T W I PUBS LIMITED (REGISTERED NUMBER: 08970448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 11,160
Trade creditors 20,963 34,864
Tax 21,544 27,868
Social security and other taxes 10,417 10,946
VAT 68,597 32,386
Other creditors 25,066 24,371
Directors' current accounts 13,186 13,461
Accrued expenses 4,736 4,579
174,509 159,635

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 23,447 30,499

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100