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REGISTERED NUMBER: 11642804 (England and Wales)















REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

TRADITIONAL HUB PUB COMPANY LTD

TRADITIONAL HUB PUB COMPANY LTD (Registered number: 11642804)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


TRADITIONAL HUB PUB COMPANY LTD

COMPANY INFORMATION
for the Year Ended 30 NOVEMBER 2023







DIRECTORS: R Banks
M Skipper-Banks





SECRETARY: R Banks





REGISTERED OFFICE: The Annexe, Minerva House,
Bordyke,
Tonbridge,
Kent
TN9 2NR





REGISTERED NUMBER: 11642804 (England and Wales)





ACCOUNTANTS: Bennett & Co
The Annexe
Minerva House
Bordyke
Tonbridge
Kent
TN9 1NR

TRADITIONAL HUB PUB COMPANY LTD (Registered number: 11642804)

REPORT OF THE DIRECTORS
for the Year Ended 30 NOVEMBER 2023

The directors present their report with the financial statements of the company for the year ended 30 November 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Licensed Victuallers.

DIVIDENDS
An interim dividend of £20 per share was paid on 31 May 2023. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 30 November 2023 will be £ 2,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 December 2022 to the date of this report.

R Banks
M Skipper-Banks

ON BEHALF OF THE BOARD:





R Banks - Secretary


28 August 2024

TRADITIONAL HUB PUB COMPANY LTD (Registered number: 11642804)

INCOME STATEMENT
for the Year Ended 30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   

TURNOVER 607,666 556,315

Cost of sales 263,651 227,875
GROSS PROFIT 344,015 328,440

Administrative expenses 326,330 322,451
17,685 5,989

Other operating income - 7,600
OPERATING PROFIT and
PROFIT BEFORE TAXATION 17,685 13,589

Tax on profit 6 5,850 4,500
PROFIT FOR THE FINANCIAL YEAR 11,835 9,089

TRADITIONAL HUB PUB COMPANY LTD (Registered number: 11642804)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 187,500 200,000
Tangible assets 9 24,001 27,001
211,501 227,001

CURRENT ASSETS
Stocks 10 12,500 15,750
Debtors 11 16,178 4,450
Cash at bank and in hand 5,699 4,695
34,377 24,895
CREDITORS
Amounts falling due within one year 12 43,679 65,483
NET CURRENT LIABILITIES (9,302 ) (40,588 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,199

186,413

CREDITORS
Amounts falling due after more than one
year

13

197,374

191,423
NET ASSETS/(LIABILITIES) 4,825 (5,010 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14 4,725 (5,110 )
SHAREHOLDERS' FUNDS 4,825 (5,010 )

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 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.

TRADITIONAL HUB PUB COMPANY LTD (Registered number: 11642804)

BALANCE SHEET - continued
30 NOVEMBER 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:




R Banks - Director



M Skipper-Banks - Director


TRADITIONAL HUB PUB COMPANY LTD (Registered number: 11642804)

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

1. STATUTORY INFORMATION

TRADITIONAL HUB PUB COMPANY LTD 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

TRADITIONAL HUB PUB COMPANY LTD (Registered number: 11642804)

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

3. EMPLOYEES AND DIRECTORS
30.11.23 30.11.22
£    £   
Wages and salaries 145,397 143,549
Social security costs 2,745 2,463
148,142 146,012

The average number of employees during the year was as follows:
30.11.23 30.11.22

Management 2 2
Part-time Assistants 11 11
13 13

4. DIRECTORS' EMOLUMENTS
30.11.23 30.11.22
£    £   
Directors' remuneration 58,031 59,152

5. OPERATING PROFIT

The operating profit is stated after charging:

30.11.23 30.11.22
£    £   
Depreciation - owned assets 4,989 5,483
Goodwill amortisation 12,500 12,500

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
30.11.23 30.11.22
£    £   
Current tax:
UK corporation tax 5,850 4,500
Tax on profit 5,850 4,500

UK corporation tax has been charged at 19% (2022 - 19%).

7. DIVIDENDS
30.11.23 30.11.22
£    £   
Ordinary Shares shares of £1 each
Interim 2,000 4,000

TRADITIONAL HUB PUB COMPANY LTD (Registered number: 11642804)

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

8. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 250,502
AMORTISATION
At 1 December 2022 50,502
Charge for year 12,500
At 30 November 2023 63,002
NET BOOK VALUE
At 30 November 2023 187,500
At 30 November 2022 200,000

9. TANGIBLE FIXED ASSETS
Short Fixtures
leasehold & Fittings Totals
£    £    £   
COST
At 1 December 2022 1 47,741 47,742
Additions - 1,989 1,989
At 30 November 2023 1 49,730 49,731
DEPRECIATION
At 1 December 2022 - 20,741 20,741
Charge for year - 4,989 4,989
At 30 November 2023 - 25,730 25,730
NET BOOK VALUE
At 30 November 2023 1 24,000 24,001
At 30 November 2022 1 27,000 27,001

10. STOCKS
30.11.23 30.11.22
£    £   
Stock in Trade 12,500 15,750

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Prepayments 16,178 4,450

TRADITIONAL HUB PUB COMPANY LTD (Registered number: 11642804)

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

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 12,029 26,419
Trade Creditors 3,500 15,010
Corporation Tax 8,851 4,500
Social Security and PAYE 563 951
Value Added Tax 13,094 5,600
Accrued Expenses 5,642 13,003
43,679 65,483

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Directors Loan Account 197,374 191,423

14. RESERVES
Retained
earnings
£   

At 1 December 2022 (5,110 )
Profit for the year 11,835
Dividends (2,000 )
At 30 November 2023 4,725