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REGISTERED NUMBER: 04586169 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PASSION 4 PUBS LIMITED

PASSION 4 PUBS LIMITED (REGISTERED NUMBER: 04586169)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PASSION 4 PUBS LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTOR: S J Pam





SECRETARY: Miss C Nee





REGISTERED OFFICE: The Greyhound Inn
Uckfield Lane
Hever
Kent
TN8 7LJ





REGISTERED NUMBER: 04586169 (England and Wales)





ACCOUNTANT: S E Wood
Pulteney House
Shepherds Hill
Colemans Hatch
Hartfield
East Sussex
TN7 4HN

PASSION 4 PUBS LIMITED (REGISTERED NUMBER: 04586169)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 424,253 419,927

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 11,214 12,692
Cash at bank and in hand 131,454 193,292
143,668 206,984
CREDITORS
Amounts falling due within one year 6 121,120 168,184
NET CURRENT ASSETS 22,548 38,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

446,801

458,727

CREDITORS
Amounts falling due after more than one
year

7

35,211

42,176
NET ASSETS 411,590 416,551

CAPITAL AND RESERVES
Called up share capital 116,000 116,000
Retained earnings 295,590 300,551
SHAREHOLDERS' FUNDS 411,590 416,551

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PASSION 4 PUBS LIMITED (REGISTERED NUMBER: 04586169)

BALANCE SHEET - continued
30 November 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 director and authorised for issue on 15 August 2024 and were signed by:





S J Pam - Director


PASSION 4 PUBS LIMITED (REGISTERED NUMBER: 04586169)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Passion 4 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.

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 net invoiced sales of food, drink and accommodation, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on cost and 10% on cost

As the freehold property is kept in a good state of repair, the director is of the opinion that depreciation need not be charged.

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. 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.

PASSION 4 PUBS LIMITED (REGISTERED NUMBER: 04586169)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 394,255 115,356 509,611
Additions - 12,885 12,885
Disposals - (15,560 ) (15,560 )
At 30 November 2023 394,255 112,681 506,936
DEPRECIATION
At 1 December 2022 - 89,684 89,684
Charge for year - 8,471 8,471
Eliminated on disposal - (15,472 ) (15,472 )
At 30 November 2023 - 82,683 82,683
NET BOOK VALUE
At 30 November 2023 394,255 29,998 424,253
At 30 November 2022 394,255 25,672 419,927

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 4,365
DEPRECIATION
At 1 December 2022
and 30 November 2023 4,365
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

PASSION 4 PUBS LIMITED (REGISTERED NUMBER: 04586169)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 11,214 12,692

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,800 5,690
Hire purchase contracts 519 519
Trade creditors 2,731 13,894
Taxation and social security 33,850 50,055
Other creditors 78,220 98,026
121,120 168,184

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 33,393 39,839
Hire purchase contracts 1,818 2,337
35,211 42,176

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,973 15,909
Hire purchase - 260
8,973 16,169

8. OTHER FINANCIAL COMMITMENTS

The company had annual financial commitments under operating leases for the rental of equipment of £nil (2022 - £1,320).

9. RELATED PARTY DISCLOSURES

At the 30th November 2023 the company owed £206 to the director (2022 - £18,101).

10. ULTIMATE CONTROLLING PARTY

The controlling party is S J Pam.

The ultimate controlling party is S J Pam.