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REGISTERED NUMBER: 11634778 (England and Wales)















SMITH AND CHRISTIAN PUBS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






SMITH AND CHRISTIAN PUBS LIMITED (REGISTERED NUMBER: 11634778)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


SMITH AND CHRISTIAN PUBS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: N A Christian
L M J Christian
Mrs D J Smith





REGISTERED OFFICE: 24 Wren Close
Melton Mowbray
Leicestershire
LE13 0QE





REGISTERED NUMBER: 11634778 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

SMITH AND CHRISTIAN PUBS LIMITED (REGISTERED NUMBER: 11634778)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 121,911 126,843

CURRENT ASSETS
Inventories 8,751 6,293
Debtors 5 12,217 13,287
Cash at bank and in hand 36,474 27,035
57,442 46,615
CREDITORS
Amounts falling due within one year 6 189,065 187,840
NET CURRENT LIABILITIES (131,623 ) (141,225 )
TOTAL ASSETS LESS CURRENT LIABILITIES (9,712 ) (14,382 )

CREDITORS
Amounts falling due after more than one year 7 51,348 69,459
NET LIABILITIES (61,060 ) (83,841 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (61,062 ) (83,843 )
SHAREHOLDERS' FUNDS (61,060 ) (83,841 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





L M J Christian - Director


SMITH AND CHRISTIAN PUBS LIMITED (REGISTERED NUMBER: 11634778)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Smith and Christian Pubs Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on reducing balance

Property, plant and equipment are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease

SMITH AND CHRISTIAN PUBS LIMITED (REGISTERED NUMBER: 11634778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

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.

Going concern
The company has net liabilities at 31 October 2023.

However the financial statements have been prepared on a going concern basis since it is anticipated that the company will continue to be supported for the foreseeable future by the directors and the company lenders.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 99,871 47,313 147,184
Additions - 3,690 3,690
At 31 October 2023 99,871 51,003 150,874
DEPRECIATION
At 1 November 2022 - 20,341 20,341
Charge for year - 8,622 8,622
At 31 October 2023 - 28,963 28,963
NET BOOK VALUE
At 31 October 2023 99,871 22,040 121,911
At 31 October 2022 99,871 26,972 126,843

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,864 644
Other debtors 630 2,940
Prepayments 9,723 9,703
12,217 13,287

SMITH AND CHRISTIAN PUBS LIMITED (REGISTERED NUMBER: 11634778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,024 6,873
Other loans 7,749 7,749
MCBC Discount loan 5,304 11,758
Hire purchase contracts 3,427 3,427
Trade creditors 10,089 11,740
Other taxes and social security - 1,453
VAT 3,979 -
Other creditors 90,046 90,368
Directors' current accounts 57,669 52,641
Accrued expenses 3,778 1,831
189,065 187,840

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 7,160 7,005
Bank loans - 2-5 years 18,565 19,770
Bank loans more 5 yr by instal 8,995 14,879
Other loans - 1-2 years 7,749 7,749
Other loans - 2-5 years 5,166 12,916
Hire purchase contracts 3,713 7,140
51,348 69,459

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,995 14,879

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 20,664 28,414
Hire purchase contracts 7,140 10,567
27,804 38,981

The loan is secured by the property and assets of the company.

The hire purchase is secured on the asset to which it relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2