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REGISTERED NUMBER: 12072806 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

EPIC BARS (BLACKPOOL) LTD

EPIC BARS (BLACKPOOL) LTD (REGISTERED NUMBER: 12072806)

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










Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 7


EPIC BARS (BLACKPOOL) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J Elias
M R Shorting
N S Blair





REGISTERED OFFICE: 3 Bath Mews
Bath Parade
Cheltenham
Gloucestershire
GL53 7HL





BUSINESS ADDRESS: 11 Talbot Road
Blackpool
FY1 1LB





REGISTERED NUMBER: 12072806 (England and Wales)





ACCOUNTANTS: Smith Heath Limited
3 Bath Mews
Bath Parade
Cheltenham
Gloucestershire
GL53 7HL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EPIC BARS (BLACKPOOL) LTD


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 Statement of Financial Position. 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 Epic Bars (Blackpool) Ltd for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Epic Bars (Blackpool) 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 Epic Bars (Blackpool) Ltd and state those matters that we have agreed to state to the Board of Directors of Epic Bars (Blackpool) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Epic Bars (Blackpool) 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 Epic Bars (Blackpool) Ltd. You consider that Epic Bars (Blackpool) 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 Epic Bars (Blackpool) 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.






Smith Heath Limited
3 Bath Mews
Bath Parade
Cheltenham
Gloucestershire
GL53 7HL


31 October 2023

EPIC BARS (BLACKPOOL) LTD (REGISTERED NUMBER: 12072806)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 361,073 372,754
361,074 372,755

CURRENT ASSETS
Stocks 29,622 27,205
Debtors 6 580,174 321,538
Cash at bank and in hand 55,629 132,172
665,425 480,915
CREDITORS
Amounts falling due within one year 7 877,051 887,743
NET CURRENT LIABILITIES (211,626 ) (406,828 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,448

(34,073

)

CREDITORS
Amounts falling due after more than one
year

8

(24,530

)

(36,065

)

PROVISIONS FOR LIABILITIES (31,188 ) -
NET ASSETS/(LIABILITIES) 93,730 (70,138 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 93,630 (70,238 )
SHAREHOLDERS' FUNDS 93,730 (70,138 )

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 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.

EPIC BARS (BLACKPOOL) LTD (REGISTERED NUMBER: 12072806)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





M R Shorting - Director


EPIC BARS (BLACKPOOL) LTD (REGISTERED NUMBER: 12072806)

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


1. STATUTORY INFORMATION

Epic Bars (Blackpool) 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 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, 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 each asset over its estimated useful life.
Short leasehold - 10% on cost
Fixtures and fittings - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

EPIC BARS (BLACKPOOL) LTD (REGISTERED NUMBER: 12072806)

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


2. ACCOUNTING POLICIES - continued

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.

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 28 (2022 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 1
NET BOOK VALUE
At 31 March 2023 1
At 31 March 2022 1

5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 April 2022 167,972 380,999 548,971
Additions - 79,038 79,038
At 31 March 2023 167,972 460,037 628,009
DEPRECIATION
At 1 April 2022 44,792 131,425 176,217
Charge for year 16,797 73,922 90,719
At 31 March 2023 61,589 205,347 266,936
NET BOOK VALUE
At 31 March 2023 106,383 254,690 361,073
At 31 March 2022 123,180 249,574 372,754

EPIC BARS (BLACKPOOL) LTD (REGISTERED NUMBER: 12072806)

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


6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 21,500 2,628
Amounts owed by group undertakings 530,641 270,200
Amounts owed by connected companies 25,000 25,000
Other debtors 3,033 18,081
580,174 315,909

Amounts falling due after more than one year:
Other debtors - 5,629

Aggregate amounts 580,174 321,538

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,099 10,814
Trade creditors 95,597 136,384
Amounts owed to group undertakings 106,622 106,622
Amounts owed to connected companies 415,987 367,794
Taxation and social security 30,733 6,356
Other creditors 217,013 259,773
877,051 887,743

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,530 36,065

9. PARENT AND ULTIMATE PARENT UNDERTAKING

The company is controlled by the immediate and ultimate parent company, Epic Bars and Clubs Group Limited, a company incorporated in the United Kingdom.