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Registered number: 07529949
Quintus Pubs Limited
ABRIDGED Financial Statements
For The Year Ended 30 June 2023
Dodgson Matty Partnership
22 The Tything
Worcester
WR1 1HD
Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 07529949
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 57,330 130,543
Investments 5 191,451 39,500
248,781 170,043
CURRENT ASSETS
Stocks 15,000 9,000
Debtors 46,348 73,563
Cash at bank and in hand 266,117 265,950
327,465 348,513
Creditors: Amounts Falling Due Within One Year (535,698 ) (676,968 )
NET CURRENT ASSETS (LIABILITIES) (208,233 ) (328,455 )
TOTAL ASSETS LESS CURRENT LIABILITIES 40,548 (158,412 )
Creditors: Amounts Falling Due After More Than One Year (33,989 ) (45,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,722 ) (4,722 )
NET ASSETS/(LIABILITIES) 1,837 (208,134 )
CAPITAL AND RESERVES
Called up share capital 6 10 10
Profit and Loss Account 1,827 (208,144 )
SHAREHOLDERS' FUNDS 1,837 (208,134)
Page 1
Page 2
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 June 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
P R D'Arcy
Director
29 March 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Quintus Pubs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07529949 . The registered office is The Swan , Worcester Road, Hanley Swan, Worcester, WR8 0EA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 31 (2022: 31)
31 31
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4. Tangible Assets
Total
£
Cost
As at 1 July 2022 381,399
Additions 10,646
Disposals (104,744 )
As at 30 June 2023 287,301
Depreciation
As at 1 July 2022 250,856
Provided during the period 44,112
Disposals (64,997 )
As at 30 June 2023 229,971
Net Book Value
As at 30 June 2023 57,330
As at 1 July 2022 130,543
5. Investments
Total
£
Cost
As at 1 July 2022 39,500
Additions 151,951
As at 30 June 2023 191,451
Provision
As at 1 July 2022 -
As at 30 June 2023 -
Net Book Value
As at 30 June 2023 191,451
As at 1 July 2022 39,500
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
7. Ultimate Controlling Party
The company is controlled by the Director.
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