Caseware UK (AP4) 2022.0.179 2022.0.179 2022-08-312022-08-3145975352021-07-19falsePubtruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13516980 2021-07-18 13516980 2021-07-19 2022-08-31 13516980 2020-09-01 2021-07-18 13516980 2022-08-31 13516980 c:Director1 2021-07-19 2022-08-31 13516980 d:Buildings d:ShortLeaseholdAssets 2021-07-19 2022-08-31 13516980 d:Buildings d:ShortLeaseholdAssets 2022-08-31 13516980 d:FurnitureFittings 2021-07-19 2022-08-31 13516980 d:FurnitureFittings 2022-08-31 13516980 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-07-19 2022-08-31 13516980 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2021-07-19 2022-08-31 13516980 d:OfficeEquipment 2021-07-19 2022-08-31 13516980 d:OfficeEquipment 2022-08-31 13516980 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-07-19 2022-08-31 13516980 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2021-07-19 2022-08-31 13516980 d:ComputerEquipment 2021-07-19 2022-08-31 13516980 d:ComputerEquipment 2022-08-31 13516980 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-07-19 2022-08-31 13516980 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2021-07-19 2022-08-31 13516980 d:OtherPropertyPlantEquipment 2021-07-19 2022-08-31 13516980 d:OtherPropertyPlantEquipment 2022-08-31 13516980 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-07-19 2022-08-31 13516980 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2021-07-19 2022-08-31 13516980 d:OwnedOrFreeholdAssets 2021-07-19 2022-08-31 13516980 d:LeasedAssetsHeldAsLessee 2021-07-19 2022-08-31 13516980 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-07-19 2022-08-31 13516980 d:ComputerSoftware 2022-08-31 13516980 d:CurrentFinancialInstruments 2022-08-31 13516980 d:Non-currentFinancialInstruments 2022-08-31 13516980 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 13516980 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 13516980 d:ShareCapital 2022-08-31 13516980 d:RetainedEarningsAccumulatedLosses 2022-08-31 13516980 c:OrdinaryShareClass1 2021-07-19 2022-08-31 13516980 c:OrdinaryShareClass1 2022-08-31 13516980 c:FRS102 2021-07-19 2022-08-31 13516980 c:AuditExempt-NoAccountantsReport 2021-07-19 2022-08-31 13516980 c:FullAccounts 2021-07-19 2022-08-31 13516980 c:PrivateLimitedCompanyLtd 2021-07-19 2022-08-31 13516980 d:HirePurchaseContracts d:WithinOneYear 2022-08-31 13516980 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-08-31 13516980 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2021-07-19 2022-08-31 13516980 d:ComputerSoftware d:OwnedIntangibleAssets 2021-07-19 2022-08-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 13516980














THE PELICAN PUB W11 LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2022

 
THE PELICAN PUB W11 LTD
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 9


 
THE PELICAN PUB W11 LTD
REGISTERED NUMBER:13516980

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2022

2022
Note
£

Fixed assets
  

Intangible assets
 4 
35,764

Tangible assets
 5 
1,029,924

  
1,065,688

Current assets
  

Stocks
  
42,979

Debtors: amounts falling due within one year
 6 
35,465

Cash at bank and in hand
  
252,115

  
330,559

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(1,392,853)

Net current (liabilities)
  
 
 
(1,062,294)

Total assets less current liabilities
  
3,394

Creditors: amounts falling due after more than one year
 8 
(116,370)

  

Net (liabilities)
  
(112,976)


Capital and reserves
  

Called up share capital 
 10 
100

Profit and loss account
  
(113,076)

  
(112,976)

Page 1

 
THE PELICAN PUB W11 LTD
REGISTERED NUMBER:13516980
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 January 2024.




J Gummer
Director

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
THE PELICAN PUB W11 LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2022

1.


General information

The Pelican Pub W11 Ltd is a private limited liability company incorporated in England and Wales. Its registered office and business address is 39a Tavistock Road, London, W11 1AR.
The principal activity of the company is the operation of a licenced bar and restaurant.
The company was incorporated on 19 July 2021 and started trading on the same date.
The company's functional and presentational currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company made a loss during the year and has net current liabilities and net liabilities. The financial statements of the company have been prepared on a going concern basis, the validity of which is dependant on the continued support of the shareholders . The shareholders are satisfied that suitable facilities will continue to be made available for at least twelve months from the date of approval of these financial statements and that the company will be able to meet its working capital requirements for the foreseeable future.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
Revenue from provision of food and beverages is recognised in the period the goods and services are provided.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method.

Page 3

 
THE PELICAN PUB W11 LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2022

2.Accounting policies (continued)

 
2.6

Pensions

The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Website
-
10
years

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Page 4

 
THE PELICAN PUB W11 LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2022

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Short-term leasehold property
-
15 years straight line
Fixtures and fittings
-
25%
Reducing Balance
Office equipment
-
25%
Reducing Balance
Computer equipment
-
25%
Reducing Balance
Other fixed assets
-
20%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
At each reporting date, stocks are 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 or loss.

 
2.10

Basic financial instruments

The company only enters into transactions that result in the recognition of basic financial assets and basic financial liabilities.
Basic financial assets, such as trade and other debtors, are initially recognised at the transaction price less attributable transaction costs. Basic financial liabilities, such as trade and other creditors, are initially recognised at the transaction price plus attributable transaction costs. Subsequently, they are measured at amortised cost using the effective interest method, less any impairment losses in the case of basic financial assets.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractua  obligation is discharged, cancelled or expires.
Cash and cash equivalents comprise of cash in hand and bank balances.

Page 5

 
THE PELICAN PUB W11 LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2022

3.


Employees

The average monthly number of employees, including directors, during the period was 35.


4.


Intangible assets



Website

£



Cost


Additions
37,745



At 31 August 2022

37,745



Amortisation


Charge for the period on owned assets
1,981



At 31 August 2022

1,981



Net book value



At 31 August 2022
35,764



Page 6

 
THE PELICAN PUB W11 LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2022

5.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Office equipment
Computer equipment
Other fixed assets
Total

£
£
£
£
£
£



Cost


Additions
653,451
173,938
95,371
22,241
211,491
1,156,492



At 31 August 2022

653,451
173,938
95,371
22,241
211,491
1,156,492



Depreciation


Charge for the period on owned assets
45,975
24,279
23,697
4,544
3,529
102,024


Charge for the period on financed assets
-
-
-
-
24,544
24,544



At 31 August 2022

45,975
24,279
23,697
4,544
28,073
126,568



Net book value



At 31 August 2022
607,476
149,659
71,674
17,697
183,418
1,029,924


6.


Debtors

2022
£


Other debtors
920

Prepayments and accrued income
34,545

35,465


Page 7

 
THE PELICAN PUB W11 LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2022

7.


Creditors: Amounts falling due within one year

2022
£

Trade creditors
176,390

Amounts owed to group undertakings
619,453

Other taxation and social security
311,779

Obligations under finance lease and hire purchase contracts
36,495

Other creditors
228,423

Accruals and deferred income
20,313

1,392,853


Obligations under finance leases are secured by way of a charge over the assets of the company and contain fixed charged, floating charge and negative pledge.


8.


Creditors: Amounts falling due after more than one year

2022
£

Net obligations under finance leases and hire purchase contracts
116,370

116,370


Obligations under finance leases are secured by way of a charge over the assets of the company and contain fixed charged, floating charge and negative pledge.


9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2022
£


Within one year
36,495

Between 1-5 years
116,370

152,865
Page 8

 
THE PELICAN PUB W11 LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2022

10.


Share capital

2022
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


100 ordinary shares were issued at par in current period.


11.


Pension commitments

The company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £4,274. Contributions totalling £3,026 were payable to the fund at the reporting date.


12.


Controlling party

The company's parent undertaking is 45 All Saints Limited, a company incorporated in England and Wales.

 
Page 9