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REGISTERED NUMBER: 04326652 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 2 OCTOBER 2022 TO 30 SEPTEMBER 2023

FOR

CHESHIRE CAT PUBS AND BARS LIMITED

CHESHIRE CAT PUBS AND BARS LIMITED (REGISTERED NUMBER: 04326652)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 2 OCTOBER 2022 TO 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHESHIRE CAT PUBS AND BARS LIMITED

COMPANY INFORMATION
for the Period 2 OCTOBER 2022 TO 30 SEPTEMBER 2023







DIRECTORS: T Bird
M C McLaughlin
P F W Large





REGISTERED OFFICE: 61 Queen Square
Bristol
BS1 4JZ





REGISTERED NUMBER: 04326652 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

CHESHIRE CAT PUBS AND BARS LIMITED (REGISTERED NUMBER: 04326652)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,229,158 3,334,295

CURRENT ASSETS
Stocks 132,690 119,818
Debtors 5 200,356 270,366
Cash at bank 707,294 733,786
1,040,340 1,123,970
CREDITORS
Amounts falling due within one year 6 2,149,723 2,024,185
NET CURRENT LIABILITIES (1,109,383 ) (900,215 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,119,775

2,434,080

CREDITORS
Amounts falling due after more than
one year

7

(2,171,077

)

(2,393,339

)

PROVISIONS FOR LIABILITIES 11 (7,561 ) -
NET (LIABILITIES)/ASSETS (58,863 ) 40,741

CAPITAL AND RESERVES
Called up share capital 12 565,000 565,000
Share premium 213,332 213,332
Retained earnings (837,195 ) (737,591 )
SHAREHOLDERS' FUNDS (58,863 ) 40,741

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

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

CHESHIRE CAT PUBS AND BARS LIMITED (REGISTERED NUMBER: 04326652)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2024 and were signed on its behalf by:





M C McLaughlin - Director


CHESHIRE CAT PUBS AND BARS LIMITED (REGISTERED NUMBER: 04326652)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 2 OCTOBER 2022 TO 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Cheshire Cat Pubs and Bars 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.

Turnover
Turnover represents the value of goods and services provided to customers during the period, excluding value added tax.

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 - Straight line over 50 years
Leasehold property and impr'ments - over the term of the lease
Computer equipment - Straight line over 3 years
Fixtures and fittings - Straight line over 7 years

Government grants
The company received Local Restrictions Support Grant payments during the prior period. These have been recognised as Other Operating Income when received.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

CHESHIRE CAT PUBS AND BARS LIMITED (REGISTERED NUMBER: 04326652)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 2 OCTOBER 2022 TO 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

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

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Interest bearing bank loans, overdrafts and other loans which meet the criteria of basic financial instruments are initially recorded at the present value of cash payable to the bank, usually being equivalent to the proceeds received net of direct issue costs. These liabilities are subsequently measured at amortised cost, using the effective interest rate method.

Shares which contain financial liabilities are reported accordingly, with any liability component included as a liability in the balance sheet. Corresponding dividends relating to such liability component of shares are charged as a finance expense.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 period 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.

CHESHIRE CAT PUBS AND BARS LIMITED (REGISTERED NUMBER: 04326652)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 2 OCTOBER 2022 TO 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

Employee benefits and pension costs
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.

Short term employee benefits including holiday pay and annual bonuses are accrued as services are rendered. Contributions to defined pension schemes are charged to profit or loss as they become payable in accordance with the rules of the scheme. Differences between contributions payable in the year and those actually paid are shown as either accruals or prepayments in the balance sheet.

Going concern
At 30 September 2023 the company had net current liabilities of £1,109,383 and negative shareholders' funds of (£58,863). The directors' current accounts represent a significant proportion of this net current liability. The company is therefore reliant upon the continued support of the directors to continue to trade. The directors have indicated that they are willing to continue to support the company, and have confirmed their intention not to withdraw any amounts owed to them, except to the extent that funds permit, for the foreseeable future.

The company has maintained a strong cash position in the period up to the signing of these financial statements.

In light of the above, the directors have reviewed the going concern status of the business for the foreseeable future to the best of their abilities and have concluded that they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 206 (2022 - 182 ) .

CHESHIRE CAT PUBS AND BARS LIMITED (REGISTERED NUMBER: 04326652)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 2 OCTOBER 2022 TO 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Leasehold
property Fixtures
Freehold and Computer and
property impr'ments equipment fittings Totals
£    £    £    £    £   
COST
At 2 October 2022 3,041,258 715,666 58,953 1,658,756 5,474,633
Additions 7,964 27,781 3,026 73,899 112,670
At 30 September 2023 3,049,222 743,447 61,979 1,732,655 5,587,303
DEPRECIATION
At 2 October 2022 584,803 278,896 51,869 1,224,770 2,140,338
Charge for period 79,057 32,245 4,354 102,151 217,807
At 30 September 2023 663,860 311,141 56,223 1,326,921 2,358,145
NET BOOK VALUE
At 30 September 2023 2,385,362 432,306 5,756 405,734 3,229,158
At 1 October 2022 2,456,455 436,770 7,084 433,986 3,334,295

Fixed charge security has been given over the freehold and leasehold properties in respect of the company's bank borrowings as disclosed in the notes to the financial statements.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 101,794 30,993
Other debtors 37,300 38,276
Deferred tax asset - 14,965
Prepayments and accrued income 61,262 186,132
200,356 270,366

Deferred tax asset
2022
£   
Accelerated capital allowances (142,489 )
Tax losses carried forward 156,949
Other timing differences 505
14,965

At 30 September 2023 other debtors includes £37,300 (2022 - £37,800) which is due after more than one year.

CHESHIRE CAT PUBS AND BARS LIMITED (REGISTERED NUMBER: 04326652)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 2 OCTOBER 2022 TO 30 SEPTEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 222,261 222,261
Trade creditors 435,237 439,172
Social security and other taxes 98,057 74,180
VAT 421,038 378,059
Other creditors 117,352 95,759
Directors' current accounts 251,870 251,870
Accruals and deferred income 603,908 562,884
2,149,723 2,024,185

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 1,421,077 1,643,339
Directors' loan accounts 750,000 750,000
2,171,077 2,393,339

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 598,700 770,962

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 222,261 222,261

Amounts falling due between one and two years:
Bank loans 222,261 222,261

Amounts falling due between two and five years:
Bank loans 600,116 650,116

Amounts falling due in more than five years:

CHESHIRE CAT PUBS AND BARS LIMITED (REGISTERED NUMBER: 04326652)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 2 OCTOBER 2022 TO 30 SEPTEMBER 2023

8. LOANS - continued
2023 2022
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans 598,700 770,962

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 181,497 181,497
Between one and five years 725,988 725,988
In more than five years 1,714,850 1,896,347
2,622,335 2,803,832

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,643,338 1,865,600

Bank loans are secured by fixed charges over the freehold and leasehold properties, and a floating charge over the assets of the company.

11. PROVISIONS FOR LIABILITIES
2023
£   
Deferred tax
Accelerated capital allowances 159,394
Tax losses carried forward (150,926 )
Other timing differences (907 )
7,561

Deferred
tax
£   
Balance at 2 October 2022 (14,965 )
Provided during period 22,526
Balance at 30 September 2023 7,561

CHESHIRE CAT PUBS AND BARS LIMITED (REGISTERED NUMBER: 04326652)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 2 OCTOBER 2022 TO 30 SEPTEMBER 2023

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
565,000 Ordinary £1 565,000 565,000

13. RELATED PARTY DISCLOSURES

T Bird and M C McLaughlin

At 30 September 2023 the total amount of loans due to the directors was £1,001,870 (2022 - £1,001,870). These loans are unsecured and interest is charged on the balance outstanding since 28 September 2014 at 8% per annum, with a total of £80,918 charged in the period to 30 September 2023 (2022 - £80,918). At the period end £750,000 (2022 - £750,000) of the balance due to the directors was repayable after more than 12 months of the balance sheet date and the remaining balance has no fixed repayment date.

During a prior period, the directors' Self Invested Personal Pensions (SIPPs) purchased the freehold of the Church Inn together with the company, with the SIPPs holding a 41.23% interest in the total freehold. During the period to 30 September 2023 the SIPPs charged rent totalling £24,051 to the company (2022 - £13,743).

During the period the company met professional fees on behalf of the SIPPs as the sponsoring employer totalling £1,152 (2022 - £2,835).

P F W Large

During the period the company was charged £27,076 (2022 - £21,763) by the director in respect of professional services in connection with management of the company.

14. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, T Bird and M C McLaughlin.