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THE HEADLESS PUB COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






THE HEADLESS PUB COMPANY LIMITED (REGISTERED NUMBER: 02825829)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE HEADLESS PUB COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mrs T Evans
J M Parker-Machin





SECRETARY: Mrs T Evans





REGISTERED OFFICE: Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS





REGISTERED NUMBER: 02825829 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

THE HEADLESS PUB COMPANY LIMITED (REGISTERED NUMBER: 02825829)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 452,698 454,882

CURRENT ASSETS
Stocks 10,969 8,974
Debtors 5 17,825 21,453
Cash at bank and in hand 123,537 105,942
152,331 136,369
CREDITORS
Amounts falling due within one year 6 130,270 122,564
NET CURRENT ASSETS 22,061 13,805
TOTAL ASSETS LESS CURRENT LIABILITIES 474,759 468,687

CREDITORS
Amounts falling due after more than one
year

7

(140,337

)

(170,561

)

PROVISIONS FOR LIABILITIES 9 (15,600 ) (10,900 )
NET ASSETS 318,822 287,226

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 318,722 287,126
SHAREHOLDERS' FUNDS 318,822 287,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

THE HEADLESS PUB COMPANY LIMITED (REGISTERED NUMBER: 02825829)

BALANCE SHEET - continued
31 OCTOBER 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 1 March 2024 and were signed on its behalf by:





Mrs T Evans - Director


THE HEADLESS PUB COMPANY LIMITED (REGISTERED NUMBER: 02825829)

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


1. STATUTORY INFORMATION

The Headless 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Freehold property - 4% on cost and 2% on cost
Fixtures and fittings - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 9 (2022 - 9 ) .

THE HEADLESS PUB COMPANY LIMITED (REGISTERED NUMBER: 02825829)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 November 2022 596,300 191,438 787,738
Additions - 9,016 9,016
At 31 October 2023 596,300 200,454 796,754
DEPRECIATION
At 1 November 2022 148,697 184,159 332,856
Charge for year 7,489 3,711 11,200
At 31 October 2023 156,186 187,870 344,056
NET BOOK VALUE
At 31 October 2023 440,114 12,584 452,698
At 31 October 2022 447,603 7,279 454,882

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 17,825 21,453

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 34,015 33,509
Trade creditors 25,317 35,590
Taxation and social security 40,072 32,489
Other creditors 30,866 20,976
130,270 122,564

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 140,337 170,561

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 26,371 46,297

THE HEADLESS PUB COMPANY LIMITED (REGISTERED NUMBER: 02825829)

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


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank Loan 174,352 204,069

The bank loan is secured by way of a fixed and floating charge over the assets of the company and by personal guarantees made by the director.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 15,600 10,900

Deferred
tax
£   
Balance at 1 November 2022 10,900
Provided during year 4,700
Balance at 31 October 2023 15,600

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100