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REGISTERED NUMBER: 06101474 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

THE PICKLED PUB COMPANY LIMITED

THE PICKLED PUB COMPANY LIMITED (REGISTERED NUMBER: 06101474)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE PICKLED PUB COMPANY LIMITED

COMPANY INFORMATION
for the year ended 28 February 2023







DIRECTOR: H C Ball





SECRETARY: N G Caton





REGISTERED OFFICE: The Red Lion and Sun
25 North Road
Highgate Village
London
N6 4BE





REGISTERED NUMBER: 06101474 (England and Wales)





ACCOUNTANTS: Northfield Management Services Limited
Cart Lodge
Harps Farm
Bedlars Green
Great Hallingbury
Hertfordshire
CM22 7TL

THE PICKLED PUB COMPANY LIMITED (REGISTERED NUMBER: 06101474)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,337 16,930
11,337 16,930

CURRENT ASSETS
Stocks 32,381 35,205
Debtors 6 355,488 284,219
Cash at bank and in hand 41,012 33,182
428,881 352,606
CREDITORS
Amounts falling due within one year 7 409,501 325,990
NET CURRENT ASSETS 19,380 26,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,717

43,546

CREDITORS
Amounts falling due after more than one
year

8

(27,361

)

(39,586

)

PROVISIONS FOR LIABILITIES (2,475 ) (3,794 )
NET ASSETS 881 166

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 781 66
SHAREHOLDERS' FUNDS 881 166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

THE PICKLED PUB COMPANY LIMITED (REGISTERED NUMBER: 06101474)

BALANCE SHEET - continued
28 February 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 27 November 2023 and were signed by:





H C Ball - Director


THE PICKLED PUB COMPANY LIMITED (REGISTERED NUMBER: 06101474)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2023

1. STATUTORY INFORMATION

The Pickled Pub Company 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.

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the accounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of the estimation means that that the actual outcomes could differ from those estimates.

Turnover
Turnover represents the value of goods and services supplied during the year, excluding value added tax.

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.

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in first out basis.

At each balance sheet date, stock is assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit and loss.

THE PICKLED PUB COMPANY LIMITED (REGISTERED NUMBER: 06101474)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-portable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic short-term financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

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

THE PICKLED PUB COMPANY LIMITED (REGISTERED NUMBER: 06101474)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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 32 (2022 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 10,000
AMORTISATION
At 1 March 2022
and 28 February 2023 10,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 171,566 7,271 178,837
Additions 899 - 899
At 28 February 2023 172,465 7,271 179,736
DEPRECIATION
At 1 March 2022 154,636 7,271 161,907
Charge for year 6,492 - 6,492
At 28 February 2023 161,128 7,271 168,399
NET BOOK VALUE
At 28 February 2023 11,337 - 11,337
At 28 February 2022 16,930 - 16,930

THE PICKLED PUB COMPANY LIMITED (REGISTERED NUMBER: 06101474)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 37,392 34,430
Rent deposit 12,786 12,786
Tax recoverable 36,813 36,813
Directors' current accounts 267,459 198,428
Prepayments 1,038 1,762
355,488 284,219

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 1,143
Other loans 65,000 -
Bounce back loan 9,810 6,865
Trade creditors 73,599 94,048
Tax 16,168 17,744
Social security and other taxes 44,446 25,175
VAT 113,598 53,622
Other creditors 78,077 124,065
Accrued expenses 8,803 3,328
409,501 325,990

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 2-5 years 27,361 39,586

9. CALLED UP SHARE CAPITAL

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
H C Ball
Balance outstanding at start of year 198,428 186,580
Amounts advanced 120,870 110,286
Amounts repaid (51,839 ) (98,438 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 267,459 198,428

THE PICKLED PUB COMPANY LIMITED (REGISTERED NUMBER: 06101474)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

During the year beneficial loan interest of £6,097 (2022: £5,438) has been charged at a rate of 2.5.% (2022: 2.5%) on the overdrawn balance.