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Company No: 07429095 (England and Wales)

KIMSPUBCO LIMITED

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

KIMSPUBCO LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

KIMSPUBCO LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2023
KIMSPUBCO LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2023
DIRECTORS Mrs K Barker
Mrs K L Munn
REGISTERED OFFICE Lowin House
Tregolls Road
Truro
TR1 2NA
United Kingdom
COMPANY NUMBER 07429095 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
KIMSPUBCO LIMITED

BALANCE SHEET

As at 30 November 2023
KIMSPUBCO LIMITED

BALANCE SHEET (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 181 339
181 339
Current assets
Debtors 4 0 4,997
Cash at bank and in hand 218,247 267,543
218,247 272,540
Creditors: amounts falling due within one year 5 ( 3,482) ( 8,499)
Net current assets 214,765 264,041
Total assets less current liabilities 214,946 264,380
Provision for liabilities ( 46) ( 85)
Net assets 214,900 264,295
Capital and reserves
Called-up share capital 125 125
Profit and loss account 214,775 264,170
Total shareholders' funds 214,900 264,295

For the financial year ending 30 November 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 Kimspubco Limited (registered number: 07429095) were approved and authorised for issue by the Board of Directors on 27 February 2024. They were signed on its behalf by:

Mrs K Barker
Director
KIMSPUBCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
KIMSPUBCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 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

Kimspubco 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 Lowin House, Tregolls Road, Truro, TR1 2NA, 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 company has ceased the operation of the public house on the 14 February 2022 and then provided interim services for the brewery when needed.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company's activities. Turnover is shown net of value added tax.

The company recognises revenue at the point of sale in the public houses.

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 Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 3

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 December 2022 474 474
At 30 November 2023 474 474
Accumulated depreciation
At 01 December 2022 135 135
Charge for the financial year 158 158
At 30 November 2023 293 293
Net book value
At 30 November 2023 181 181
At 30 November 2022 339 339

4. Debtors

2023 2022
£ £
Other debtors 0 4,997

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 1,221 6,900
Other creditors 2,261 1,599
3,482 8,499

6. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Mrs K Barker (306) 694
Mrs K L Munn (105) 3,895

During the year, Mrs K Barker introduced funds amounting to £1,000 (2022 - £11,200) and withdrew funds totalling £Nil (2022 - £4,714).
Mrs K L Munn introduced funds amounting to £4,000 (2022 - £4,638) and withdrew funds totalling £Nil (2022 - £1,925).