Silverfin false false 30/09/2023 01/10/2022 30/09/2023 J Kohn 26/07/2017 M Kohn 26/07/2017 O Kohn 26/07/2017 01 February 2024 The Company no longer trades. In previous reporting periods the principal activity of the company was that of a restaurant. 10884811 2023-09-30 10884811 bus:Director1 2023-09-30 10884811 bus:Director2 2023-09-30 10884811 bus:Director3 2023-09-30 10884811 core:CurrentFinancialInstruments 2023-09-30 10884811 core:CurrentFinancialInstruments 2022-09-30 10884811 2022-09-30 10884811 core:ShareCapital 2023-09-30 10884811 core:ShareCapital 2022-09-30 10884811 core:RetainedEarningsAccumulatedLosses 2023-09-30 10884811 core:RetainedEarningsAccumulatedLosses 2022-09-30 10884811 core:CurrentFinancialInstruments core:Secured 2023-09-30 10884811 bus:OrdinaryShareClass1 2023-09-30 10884811 2022-10-01 2023-09-30 10884811 bus:FilletedAccounts 2022-10-01 2023-09-30 10884811 bus:SmallEntities 2022-10-01 2023-09-30 10884811 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 10884811 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10884811 bus:Director1 2022-10-01 2023-09-30 10884811 bus:Director2 2022-10-01 2023-09-30 10884811 bus:Director3 2022-10-01 2023-09-30 10884811 2021-10-01 2022-09-30 10884811 core:CurrentFinancialInstruments 2022-10-01 2023-09-30 10884811 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 10884811 bus:OrdinaryShareClass1 2021-10-01 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10884811 (England and Wales)

PIGSTY GLOUCESTER ROAD LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2023
Pages for filing with the registrar

PIGSTY GLOUCESTER ROAD LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2023

Contents

PIGSTY GLOUCESTER ROAD LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 September 2023
PIGSTY GLOUCESTER ROAD LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2023
2023 2022
£ £
Current assets
Debtors 3 0 63,780
Cash at bank and in hand 473 8,943
473 72,723
Creditors: amounts falling due within one year 4 ( 1,900) ( 39,073)
Net current (liabilities)/assets (1,427) 33,650
Total assets less current liabilities (1,427) 33,650
Net (liabilities)/assets ( 1,427) 33,650
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account ( 1,527 ) 33,550
Total shareholder's (deficit)/funds ( 1,427) 33,650

For the financial year ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Pigsty Gloucester Road Limited (registered number: 10884811) were approved and authorised for issue by the Director on 01 February 2024. They were signed on its behalf by:

M Kohn
Director
PIGSTY GLOUCESTER ROAD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
PIGSTY GLOUCESTER ROAD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Pigsty Gloucester Road Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10884811 Museum Street, Wapping Wharf, Bristol, BS1 6ZA, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £1,427. The Company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 0 46,280
Other debtors 0 17,500
0 63,780

Amounts owed by Group undertakings are repayable on demand and do not bear interest.

4. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans (secured) 0 37,473
Accruals 1,900 1,600
1,900 39,073

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

Bank loans are secured by a fixed and floating charge over the assets of the company in favour of HSBC.

Obligations under finance leases and hire purchase contracts are secured on the relevant fixed assets.

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

6. Related party transactions

During the year the Company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within the group.