The Abbeville Pub Limited 04496457 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the operation of a public house. Digita Accounts Production Advanced 6.30.9574.0 true false true 04496457 2022-04-01 2023-03-31 04496457 2023-03-31 04496457 bus:OrdinaryShareClass1 2023-03-31 04496457 core:CurrentFinancialInstruments 2023-03-31 04496457 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04496457 core:BetweenTwoFiveYears 2023-03-31 04496457 core:MoreThanFiveYears 2023-03-31 04496457 core:WithinOneYear 2023-03-31 04496457 core:FurnitureFittingsToolsEquipment 2023-03-31 04496457 core:LandBuildings 2023-03-31 04496457 core:MotorVehicles 2023-03-31 04496457 bus:SmallEntities 2022-04-01 2023-03-31 04496457 bus:Audited 2022-04-01 2023-03-31 04496457 bus:FullAccounts 2022-04-01 2023-03-31 04496457 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04496457 bus:RegisteredOffice 2022-04-01 2023-03-31 04496457 bus:CompanySecretaryDirector1 2022-04-01 2023-03-31 04496457 bus:Director2 2022-04-01 2023-03-31 04496457 bus:Director3 2022-04-01 2023-03-31 04496457 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 04496457 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04496457 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 04496457 core:LandBuildings 2022-04-01 2023-03-31 04496457 core:MotorVehicles 2022-04-01 2023-03-31 04496457 1 2022-04-01 2023-03-31 04496457 countries:EnglandWales 2022-04-01 2023-03-31 04496457 2022-03-31 04496457 core:FurnitureFittingsToolsEquipment 2022-03-31 04496457 core:LandBuildings 2022-03-31 04496457 core:MotorVehicles 2022-03-31 04496457 2021-04-01 2022-03-31 04496457 2022-03-31 04496457 bus:OrdinaryShareClass1 2022-03-31 04496457 core:CurrentFinancialInstruments 2022-03-31 04496457 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 04496457 core:BetweenTwoFiveYears 2022-03-31 04496457 core:MoreThanFiveYears 2022-03-31 04496457 core:WithinOneYear 2022-03-31 04496457 core:FurnitureFittingsToolsEquipment 2022-03-31 04496457 core:LandBuildings 2022-03-31 04496457 core:MotorVehicles 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04496457

The Abbeville Pub Limited

Filleted Financial Statements

for the Year Ended 31 March 2023

 

The Abbeville Pub Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

The Abbeville Pub Limited

Company Information

Directors

NM Fox

M E L Reynolds

T Peake

Company secretary

NM Fox

Registered office

67-69 Abbeville Road
London
SW4 9JW

Auditors

Carbon Accountancy Limited
Chartered Accountants and Statutory Auditors
80-83 Long Lane
London
EC1A 9ET

 

The Abbeville Pub Limited

(Registration number: 04496457)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

166,109

190,309

Current assets

 

Stocks

5

20,088

19,550

Debtors

6

99,210

60,138

Cash at bank and in hand

 

53,663

88,033

 

172,961

167,721

Creditors: Amounts falling due within one year

7

(289,991)

(308,030)

Net current liabilities

 

(117,030)

(140,309)

Net assets

 

49,079

50,000

Capital and reserves

 

Called up share capital

8

3

3

Retained earnings

49,076

49,997

Shareholders' funds

 

49,079

50,000

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2023 and signed on its behalf by:
 

.........................................
NM Fox
Company secretary and director

 

The Abbeville Pub Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
67-69 Abbeville Road
London
SW4 9JW

These financial statements were authorised for issue by the Board on 28 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 28 November 2023 was John Leyden FCA, who signed for and on behalf of Carbon Accountancy Limited.

.........................................

Revenue recognition

Revenue is recognised when bar and food products are served to customers, after deducting discounts and sales-based taxes. Deposits received in respect of advanced bookings are deferred until the relevant services are provided.

Government grants

Money received in the form of a government grant is treated as a revenue grant. Therefore, grant income is recorded within other income in the income statement on a systematic basis in the same periods as the related expenses occurred.

 

The Abbeville Pub Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

Over the term of lease

Fixtures, fittings and equipments

10% straight line basis

Motor vehicles

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost is determined using the first-in, first-out (FIFO) method and Net realisable value is the estimated selling price in the ordinary course of business.

 

The Abbeville Pub Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2022 - 24).

 

The Abbeville Pub Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Leasehold improvement
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

323,870

88,779

15,490

428,139

Additions

-

4,410

-

4,410

At 31 March 2023

323,870

93,189

15,490

432,549

Depreciation

At 1 April 2022

195,438

39,294

3,098

237,830

Charge for the year

16,194

9,318

3,098

28,610

At 31 March 2023

211,632

48,612

6,196

266,440

Carrying amount

At 31 March 2023

112,238

44,577

9,294

166,109

At 31 March 2022

128,432

49,485

12,392

190,309

Included within the net book value of leasehold improvement above is £112,238 (2022 - £128,432) in respect of long leasehold land and buildings.
 

5

Stocks

2023
£

2022
£

Stock

20,088

19,550

6

Debtors

Note

2023
£

2022
£

Amounts owed by group undertakings

11

68,425

32,334

Prepayments

 

29,967

27,183

Other debtors

 

818

621

 

99,210

60,138

 

The Abbeville Pub Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

41,282

42,551

Amounts owed to group undertakings

11

192,146

182,043

Taxation and social security

 

53,213

80,086

Accruals and deferred income

 

3,350

3,350

 

289,991

308,030

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

3

3

3

3

         

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2023
£

2022
£

Not later than one year

102,000

99,625

Later than one year and not later than five years

408,000

408,000

Later than five years

1,018,323

1,120,044

1,528,323

1,627,669

10

Financial commitments, guarantees and contingencies

HSBC Bank plc has the right to set-off bank balances of The Abbeville Pub Limited against other group companies bank debts. The Company has provided intercompany guarantees to HSBC Bank plc in respect of all debts due.

 

The Abbeville Pub Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

11

Related party transactions

The Company has taken advantage of the exemption contained in FRS 102 Para 33.1A and has not reported transactions with Three Cheers Pub Company Limited nor with other wholly owned members of the group.

12

Parent and ultimate parent undertaking

The company's immediate parent is Three Cheers Pub Company Limited, incorporated in England and Wales.