1 June 2022 v2023.26.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC6128112022-06-012023-05-31SC6128112023-05-31SC6128112022-05-31SC612811core:WithinOneYear2023-05-31SC612811core:WithinOneYear2022-05-31SC612811core:ShareCapital2023-05-31SC612811core:ShareCapital2022-05-31SC612811core:RetainedEarningsAccumulatedLosses2023-05-31SC612811core:RetainedEarningsAccumulatedLosses2022-05-31SC612811bus:Director12022-06-012023-05-31SC612811bus:RegisteredOffice2022-06-012023-05-31SC612811core:OtherResidualIntangibleAssets2022-06-012023-05-31SC612811core:FurnitureFittingsToolsEquipment2022-06-012023-05-31SC612811core:LandBuildings2022-06-012023-05-31SC6128112021-06-012022-05-31SC612811core:IntangibleAssetsOtherThanGoodwill2022-06-01SC612811core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-31SC612811core:IntangibleAssetsOtherThanGoodwill2023-05-31SC612811core:IntangibleAssetsOtherThanGoodwill2022-05-31SC612811core:LandBuildings2022-06-01SC612811core:PlantMachinery2022-06-01SC6128112022-06-01SC612811core:PlantMachinery2022-06-012023-05-31SC612811core:LandBuildings2023-05-31SC612811core:PlantMachinery2023-05-31SC612811core:LandBuildings2022-05-31SC612811core:PlantMachinery2022-05-31SC61281112022-06-012023-05-31SC612811countries:Scotland2022-06-012023-05-31SC612811bus:AuditExemptWithAccountantsReport2022-06-012023-05-31SC612811bus:PrivateLimitedCompanyLtd2022-06-012023-05-31SC612811bus:SmallEntities2022-06-012023-05-31SC612811bus:FullAccounts2022-06-012023-05-31
Company registration number:
SC612811
CCB Pubs Limited
Unaudited Filleted Financial Statements for the year ended
31 May 2023
CCB Pubs Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of CCB Pubs Limited
Year ended
31 May 2023
As described on the statement of financial position, the Board of Directors of
CCB Pubs Limited
are responsible for the preparation of the
financial statements
for the year ended
31 May 2023
, which comprise the income statement, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Thomson Financial Limited
Millars House
41a Gray Street
Dundee
Tayside
DD5 2BJ
United Kingdom
CCB Pubs Limited
Statement of Financial Position
31 May 2023
20232022
Note££
Fixed assets    
Intangible assets 5
129,445
 
66,733
 
Tangible assets 6
57,963
 
55,069
 
187,408
 
121,802
 
Current assets    
Stocks
19,052
 
13,699
 
Debtors 7
86,252
 
41,072
 
Cash at bank and in hand
8,114
 
10,423
 
113,418
 
65,194
 
Creditors: amounts falling due within one year 8
(305,134
)
(94,476
)
Net current liabilities
(191,716
)
(29,282
)
Total assets less current liabilities (4,308 ) 92,520  
Capital and reserves    
Called up share capital
653,252
 
548,252
 
Profit and loss account
(657,560
)
(455,732
)
Shareholders (deficit)/funds
(4,308
)
92,520
 
For the year ending
31 May 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
21 September 2023
, and are signed on behalf of the board by:
Mr JDS Carnegie
Director
Company registration number:
SC612811
CCB Pubs Limited
Notes to the Financial Statements
Year ended
31 May 2023

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
Malcolmburn
,
Mulben
,
Keith
,
AB55 6YB
, Scotland.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Other intangible assets
Ten years straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
25% straight line
Land and buildings
Ten years straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured 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 the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was
15
(2022:
10.00
).

5 Intangible assets

Other intangible assets
£
Cost  
At
1 June 2022
85,357
 
Additions
77,085
 
At
31 May 2023
162,442
 
Amortisation  
At
1 June 2022
18,624
 
Charge
14,373
 
At
31 May 2023
32,997
 
Carrying amount  
At
31 May 2023
129,445
 
At 31 May 2022
66,733
 

6 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 June 2022
47,996
 
37,179
 
85,175
 
Additions
6,447
 
11,093
 
17,540
 
At
31 May 2023
54,443
 
48,272
 
102,715
 
Depreciation      
At
1 June 2022
8,865
 
21,241
 
30,106
 
Charge
5,356
 
9,290
 
14,646
 
At
31 May 2023
14,221
 
30,531
 
44,752
 
Carrying amount      
At
31 May 2023
40,222
 
17,741
 
57,963
 
At 31 May 2022
39,131
 
15,938
 
55,069
 

7 Debtors

20232022
££
Other debtors
86,252
 
41,072
 

8 Creditors: amounts falling due within one year

20232022
££
Trade creditors
154,140
 
55,185
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
76,976
 
21
 
Taxation and social security
46,218
 
34,172
 
Other creditors
27,800
 
5,098
 
305,134
 
94,476
 

10 Controlling party

The company was under the 100% control of the holding company, Consolidated Craft Breweries Limited, at the year end.