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REGISTERED NUMBER: 13501734 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

EPIC BARS (BERKSHIRE) LTD

EPIC BARS (BERKSHIRE) LTD (REGISTERED NUMBER: 13501734)

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 (BERKSHIRE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M R Shorting
N S Blair
J Elias





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





BUSINESS ADDRESS: Unit 15A
Windsor Royal Station
Goswell Hill
Windsor
Berkshire
SL4 1PJ





REGISTERED NUMBER: 13501734 (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 (BERKSHIRE) 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 (Berkshire) 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 (Berkshire) 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 (Berkshire) Ltd and state those matters that we have agreed to state to the Board of Directors of Epic Bars (Berkshire) 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 (Berkshire) 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 (Berkshire) Ltd. You consider that Epic Bars (Berkshire) 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 (Berkshire) 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 (BERKSHIRE) LTD (REGISTERED NUMBER: 13501734)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 297,307 50,574

CURRENT ASSETS
Stocks 23,689 -
Debtors 5 116,997 75,561
Cash at bank and in hand 3,814 40,483
144,500 116,044
CREDITORS
Amounts falling due within one year 6 432,777 244,614
NET CURRENT LIABILITIES (288,277 ) (128,570 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,030

(77,996

)

CREDITORS
Amounts falling due after more than one
year

7

2,917

-
NET ASSETS/(LIABILITIES) 6,113 (77,996 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,013 (78,096 )
6,113 (77,996 )

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 (BERKSHIRE) LTD (REGISTERED NUMBER: 13501734)

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 (BERKSHIRE) LTD (REGISTERED NUMBER: 13501734)

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


1. STATUTORY INFORMATION

Epic Bars (Berkshire) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 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.

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.

EPIC BARS (BERKSHIRE) LTD (REGISTERED NUMBER: 13501734)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 April 2022 - 51,949 51,949
Additions 18,725 314,307 333,032
At 31 March 2023 18,725 366,256 384,981
DEPRECIATION
At 1 April 2022 - 1,375 1,375
Charge for year 1,352 84,947 86,299
At 31 March 2023 1,352 86,322 87,674
NET BOOK VALUE
At 31 March 2023 17,373 279,934 297,307
At 31 March 2022 - 50,574 50,574

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 7,158 -
Amounts owed by group undertakings 25,149 -
Other debtors 73,964 57,047
106,271 57,047

Amounts falling due after more than one year:
Other debtors 10,726 18,514

Aggregate amounts 116,997 75,561

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 35,004 -
Trade creditors 221,454 30,264
Amounts owed to group undertakings 82,345 109,259
Amounts owed to connected companies 88,403 100,000
Taxation and social security 2,231 -
Other creditors 3,340 5,091
432,777 244,614

EPIC BARS (BERKSHIRE) LTD (REGISTERED NUMBER: 13501734)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 2,917 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 35,004 -
Between one and five years 2,917 -
37,921 -

Non-cancellable operating leases
2023 2022
£    £   
Within one year 17,644 -
Between one and five years 477,301 592,301
In more than five years 1,225,055 1,127,699
1,720,000 1,720,000

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.