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REGISTERED NUMBER: 07496484 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Pink Hop Ltd

Pink Hop Ltd (Registered number: 07496484)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Pink Hop Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: A J Clarke





REGISTERED OFFICE: 32 High Street
Hinxton
Saffron Walden
Essex
CB10 1QY





REGISTERED NUMBER: 07496484 (England and Wales)





ACCOUNTANTS: Lanham and Company Limited
Chartered Accountants
9 Great Chesterford Court
London Road
Great Chesterford
Essex
CB10 1PF

Pink Hop Ltd (Registered number: 07496484)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 621,608 624,715

CURRENT ASSETS
Stocks 10,813 7,445
Debtors 5 107,581 116,151
Cash at bank and in hand 25,372 21,319
143,766 144,915
CREDITORS
Amounts falling due within one year 6 176,060 163,044
NET CURRENT LIABILITIES (32,294 ) (18,129 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

589,314

606,586

CREDITORS
Amounts falling due after more than one
year

7

(160,887

)

(177,589

)

PROVISIONS FOR LIABILITIES (849 ) (778 )
NET ASSETS 427,578 428,219

CAPITAL AND RESERVES
Called up share capital 9 260 260
Share premium 449,910 449,910
Retained earnings (22,592 ) (21,951 )
SHAREHOLDERS' FUNDS 427,578 428,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Pink Hop Ltd (Registered number: 07496484)

Balance Sheet - continued
30 April 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 director and authorised for issue on 8 April 2024 and were signed by:





A J Clarke - Director


Pink Hop Ltd (Registered number: 07496484)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Pink Hop Ltd 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable net of VAT.

Revenue from the rendering of public house services and the provision of accommodation is recognised on the day the service is provided.

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 - 1% on cost
Improvements to property - 10% on cost
Fixtures and fittings - 10% on cost

Freehold property is being depreciated to its estimated residual value of £292,500 at a rate of 1% per annum on a straight line basis over its estimated useful life of one hundred years.

Stock
Stocks are valued at the lower of cost and estimated selling, after making due allowance for obsolete and slow moving items. The cost of inventories includes all costs of purchase and other costs incurred in bringing the inventories to their present location and condition.

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Trade debtors and creditors are classed as basic financial instruments and comprise cash in hand and at bank and short term deposits with an original maturity date of three months or less.

Loans and borrowings are classified as basic financial instruments and are initially recognised at the transaction price including transaction costs.Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument,unless exempt from such treatment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Pink Hop Ltd (Registered number: 07496484)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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.

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 13 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 635,105 242,108 877,213
Additions - 1,750 1,750
At 30 April 2023 635,105 243,858 878,963
DEPRECIATION
At 1 May 2022 17,553 234,945 252,498
Charge for year 2,926 1,931 4,857
At 30 April 2023 20,479 236,876 257,355
NET BOOK VALUE
At 30 April 2023 614,626 6,982 621,608
At 30 April 2022 617,552 7,163 624,715

Included in cost of land and buildings is freehold land of £ 50,000 (2022 - £ 50,000 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors 107,581 116,151

Pink Hop Ltd (Registered number: 07496484)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 16,364 16,026
Trade creditors 23,492 18,327
Taxation and social security 32,836 18,806
Other creditors 103,368 109,885
176,060 163,044

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 160,887 177,589

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans 177,251 193,615

The bank loan is secured by way of a legal charge on the freehold property and the company's fixtures and fittings.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
170 Ordinary 'A' £1 170 170
90 Ordinary 'B' £1 90 90
260 260

10. RELATED PARTY AND DIRECTORS DISCLOSURES

Included in creditors at the year end is an interest free loan of £97,028 (2022: £104,691) owed to the controlling party.

Included in debtors at the year end is an interest free loan of £63,562 (2022: £68,182) owed by another company under the same control.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J Clarke.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Pink Hop Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pink Hop Ltd for the year ended 30 April 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Pink Hop Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pink Hop Ltd and state those matters that we have agreed to state to the director of Pink Hop Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pink Hop Ltd and its director for our work or for this report.

It is your duty to ensure that Pink Hop Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pink Hop Ltd. You consider that Pink Hop Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pink Hop Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lanham and Company Limited
Chartered Accountants
9 Great Chesterford Court
London Road
Great Chesterford
Essex
CB10 1PF


8 April 2024