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Registration number: 14221089

Three Pigs Pub Co Ltd

trading as The Three Little Pigs

Unaudited Filleted Financial Statements

for the Period from 7 July 2022 to 31 August 2023

 

Three Pigs Pub Co Ltd

trading as The Three Little Pigs

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Three Pigs Pub Co Ltd

trading as The Three Little Pigs

Company Information

Director

Mrs S J Wonnacott

Registered office

C/o Wortham Jaques
130A High Street
Crediton
Devon
EX17 3LQ

Accountants

Wortham Jaques Limited
130A High Street
Crediton
Devon
EX17 3LQ

 

Three Pigs Pub Co Ltd

trading as The Three Little Pigs

(Registration number: 14221089)
Balance Sheet as at 31 August 2023

Note

2023
£

Fixed assets

 

Intangible assets

4

49,500

Tangible assets

5

10,994

 

60,494

Current assets

 

Stocks

6

19,737

Debtors

7

1,137

Cash at bank and in hand

 

202,039

 

222,913

Creditors: Amounts falling due within one year

8

(147,573)

Net current assets

 

75,340

Total assets less current liabilities

 

135,834

Provisions for liabilities

(1,676)

Net assets

 

134,158

Capital and reserves

 

Retained earnings

134,158

Shareholders' funds

 

134,158

For the financial period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 April 2024
 

 

Three Pigs Pub Co Ltd

trading as The Three Little Pigs

(Registration number: 14221089)
Balance Sheet as at 31 August 2023

.........................................
Mrs S J Wonnacott
Director

 

Three Pigs Pub Co Ltd

trading as The Three Little Pigs

Notes to the Unaudited Financial Statements for the Period from 7 July 2022 to 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in United kingdom.

The address of its registered office is:
C/o Wortham Jaques
130A High Street
Crediton
Devon
EX17 3LQ
United Kingdom

These financial statements were authorised for issue by the director on 4 April 2024.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred 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.

 

Three Pigs Pub Co Ltd

trading as The Three Little Pigs

Notes to the Unaudited Financial Statements for the Period from 7 July 2022 to 31 August 2023

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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:

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

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.

 

Three Pigs Pub Co Ltd

trading as The Three Little Pigs

Notes to the Unaudited Financial Statements for the Period from 7 July 2022 to 31 August 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 31.

 

Three Pigs Pub Co Ltd

trading as The Three Little Pigs

Notes to the Unaudited Financial Statements for the Period from 7 July 2022 to 31 August 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

Additions acquired separately

55,000

55,000

At 31 August 2023

55,000

55,000

Amortisation

Amortisation charge

5,500

5,500

At 31 August 2023

5,500

5,500

Carrying amount

At 31 August 2023

49,500

49,500

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

14,659

14,659

At 31 August 2023

14,659

14,659

Depreciation

Charge for the period

3,665

3,665

At 31 August 2023

3,665

3,665

Carrying amount

At 31 August 2023

10,994

10,994

6

Stocks

2023
£

Other inventories

19,737

7

Debtors

 

Three Pigs Pub Co Ltd

trading as The Three Little Pigs

Notes to the Unaudited Financial Statements for the Period from 7 July 2022 to 31 August 2023

Current

2023
£

Prepayments

913

Other debtors

224

 

1,137

8

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

19,802

Taxation and social security

62,452

Accruals and deferred income

2,953

Other creditors

62,366

147,573

9

Share capital

10

Dividends

   

2023

   

£

Interim dividend of £20.00 per ordinary share

 

2,000

     

Recommended final dividends paid and not recognised in the accounts

The director is recommending the following final dividends:

£44.70 per each Ordinary A shares share totalling £4,470.00

These dividends have not been accrued in the balance sheet.

11

Related party transactions

Director's remuneration

The director's remuneration for the period was as follows:

 

Three Pigs Pub Co Ltd

trading as The Three Little Pigs

Notes to the Unaudited Financial Statements for the Period from 7 July 2022 to 31 August 2023

2023
£

Remuneration

9,100

Dividends paid to the director

 

2023
£

Mrs S J Wonnacott

 

Dividends paid to director

2,000