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Registration number: 10104392

The Cat & Wickets Pub Company Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

The Cat & Wickets Pub Company Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

The Cat & Wickets Pub Company Ltd

Company Information

Directors

S. C. J. Broad

H. F. Gurney

L. R. Cash

Registered office

Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

Accountants

Robert Whowell & Partners LLP
Chartered Accountants
Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

 

The Cat & Wickets Pub Company Ltd

(Registration number: 10104392)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

545,292

22,782

Current assets

 

Stocks

6

20,000

-

Debtors

7

186,870

350,398

Cash at bank and in hand

 

290,781

330,003

 

497,651

680,401

Creditors: Amounts falling due within one year

8

(596,721)

(182,411)

Net current (liabilities)/assets

 

(99,070)

497,990

Total assets less current liabilities

 

446,222

520,772

Creditors: Amounts falling due after more than one year

8

(153,820)

(108,298)

Net assets

 

292,402

412,474

Capital and reserves

 

Called up share capital

9

274,867

261,778

Retained earnings

17,535

150,696

Shareholders' funds

 

292,402

412,474

 

The Cat & Wickets Pub Company Ltd

(Registration number: 10104392)
Balance Sheet as at 31 July 2023

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

Directors' responsibilities:

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

The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 April 2024 and signed on its behalf by:
 

.........................................
H. F. Gurney
Director

 

The Cat & Wickets Pub Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

These financial statements were authorised for issue by the Board on 17 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.

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 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.

 

The Cat & Wickets Pub Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

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 over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% reducing balance

Fixtures and fittings

10% straight line

Leasehold improvements

5% straight line

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.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

 

The Cat & Wickets Pub Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the useful life of the asset. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 51 (2022 - 38).

 

The Cat & Wickets Pub Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Loss/profit before tax

Arrived at after charging:

2023
£

2022
£

Depreciation

10,615

1,081

5

Tangible assets

Fixtures, fittings and computer equipment
 £

Leasehold improvements
 £

Total
£

Cost or valuation

At 1 August 2022

15,011

9,401

24,412

Additions

421,228

111,897

533,125

At 31 July 2023

436,239

121,298

557,537

Depreciation

At 1 August 2022

978

652

1,630

Charge for the year

8,648

1,967

10,615

At 31 July 2023

9,626

2,619

12,245

Carrying amount

At 31 July 2023

426,613

118,679

545,292

At 31 July 2022

14,033

8,749

22,782

 

The Cat & Wickets Pub Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

6

Stocks

2023
£

2022
£

Goods for resale

20,000

-

7

Debtors

2023
£

2022
£

Trade debtors

72,270

-

Prepayments

60,984

13,382

Other debtors

53,616

337,016

186,870

350,398

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10

85,009

92,192

Trade creditors

 

307,992

38,207

Taxation and social security

 

31,413

22,804

Accruals and deferred income

 

16,073

1,700

Other creditors

 

156,234

27,508

 

596,721

182,411


Creditors include bank loans and net obligations under hire purchase contracts which are secured of £85,009 (2022 - £92,192).

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

10

153,820

108,298


Creditors include bank loans and net obligations under hire purchase contracts which are secured of £153,820 (2022 - £108,298).

 

The Cat & Wickets Pub Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

274,867

274,867

261,778

261,778

         

10

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

82,500

93,500

Hire purchase contracts

71,320

14,798

153,820

108,298

Current loans and borrowings

2023
£

2022
£

Bank borrowings

70,211

33,000

Hire purchase contracts

14,798

59,192

85,009

92,192