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REGISTERED NUMBER: 05869919 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

WIGAN PUBS LIMITED

WIGAN PUBS LIMITED (REGISTERED NUMBER: 05869919)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WIGAN PUBS LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: A T Callaghan
Mrs B A Callaghan





SECRETARY: Mrs B A Callaghan





REGISTERED OFFICE: Bretherton House
Bretherton Row
Wigan
Lancashire
WN1 1LL





REGISTERED NUMBER: 05869919 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

WIGAN PUBS LIMITED (REGISTERED NUMBER: 05869919)

STATEMENT OF FINANCIAL POSITION
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,039 24,794
Tangible assets 5 92,675 35,092
114,714 59,886

CURRENT ASSETS
Stocks 136,268 97,791
Debtors 6 298,004 368,946
Cash at bank and in hand 91,061 123,061
525,333 589,798
CREDITORS
Amounts falling due within one year 7 860,733 699,094
NET CURRENT LIABILITIES (335,400 ) (109,296 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(220,686

)

(49,410

)

CREDITORS
Amounts falling due after more than one year 8 145,758 213,031
NET LIABILITIES (366,444 ) (262,441 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (366,544 ) (262,541 )
SHAREHOLDERS' FUNDS (366,444 ) (262,441 )

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.

WIGAN PUBS LIMITED (REGISTERED NUMBER: 05869919)

STATEMENT OF FINANCIAL POSITION - 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 Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Mrs B A Callaghan - Director


WIGAN PUBS LIMITED (REGISTERED NUMBER: 05869919)

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

1. STATUTORY INFORMATION

Wigan 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 and going concern
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.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

The company is dependent on the financial support of both the breweries, associated companies and the directors.

The directors are aware of their duty to present a balanced assessment of the company's financial position and prospects.They conclude that it is appropriate to adopt the going concern basis having regard to the trading performance and cash flows since the year end, and are confident that the company has sufficient assets to meet the liabilities. The directors continue to strive to improve the cash flow position and profitability of the company.

On this basis, together with the willingness of the above parties to maintain their financial support, the directors consider the company to be a going concern, but, inherently, there can be no certainty to these views.

The financial statements do not include any adjustments that would result from the going concern basis of preparation being inappropriate.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

Turnover is recognised when the customer receives the goods.

Grant income received in respect of the Coronavirus Job Retention Scheme in recognised in the accounting period in which the underlying furloughed staff costs relate to

Grant income received in respect of the Coronavirus Small Business Grant Fund has been recognised in the accounting period it was received on the basis that entitlement criteria is met and it does not have any performance criteria as its purpose is to provide immediate financial support.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty 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.

WIGAN PUBS LIMITED (REGISTERED NUMBER: 05869919)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery etc20% on cost and 33% on cost

Stocks
Stocks are valued at the lower of cost and expected selling price, after making due allowance for obsolete and low moving items

Financial instruments
The following assets and liabilities are classified as financial instruments; bank accounts, trade debtors, other loans, prepayments, director's loan accounts, trade creditors and accruals,

Debt instruments that are payable or receivable within one year, typically bank accounts, trade debtors, other loans, prepayment, director's loan accounts, trade creditors and accruals are measured initially and subsequently at the undiscounted amount of the cash that is expected to be paid or received.

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 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.

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 134 (2022 - 134 ) .

WIGAN PUBS LIMITED (REGISTERED NUMBER: 05869919)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 55,098
AMORTISATION
At 1 December 2022 30,304
Charge for year 2,755
At 30 November 2023 33,059
NET BOOK VALUE
At 30 November 2023 22,039
At 30 November 2022 24,794

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 756,030
Additions 87,058
At 30 November 2023 843,088
DEPRECIATION
At 1 December 2022 720,938
Charge for year 29,475
At 30 November 2023 750,413
NET BOOK VALUE
At 30 November 2023 92,675
At 30 November 2022 35,092

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,545 103,867
Other debtors 245,459 265,079
298,004 368,946

WIGAN PUBS LIMITED (REGISTERED NUMBER: 05869919)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 67,273 67,273
Trade creditors 355,315 297,538
Taxation and social security 213,814 121,088
Other creditors 224,331 213,195
860,733 699,094

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 145,758 213,031

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
A T Callaghan
Balance outstanding at start of year - -
Amounts advanced 48,700 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,700 -

WIGAN PUBS LIMITED (REGISTERED NUMBER: 05869919)

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

10. RELATED PARTY DISCLOSURES

Mrs BA Callaghan is a director and the sole shareholder of the following companies:

Fifteen Pemberton Ltd
Fifteen St Annes Ltd
Little Fifteen Ltd
Fifteens of Swinley Ltd
Fifteen Chester Ltd
Fifteen Oldham Ltd
Fifteens at The Oak
Yesteryear Pubs Ltd.

During the year the company was charged rent, insurance and other expenses, by these companies, as detailed below.
2023 2022
£ £
Rent
Fifteen Pemberton Ltd 30,500 22,855
Fifteen St Annes Ltd 36,000 28,800
Little Fifteen Ltd 39,350 29,893
Fifteens of Swinley Ltd 30,228 35,638
Fifteen Chester Ltd 37,453 43,500
Yesteryear Pubs Ltd 40,000 36,923
Fifteen at The Oak Ltd 31,521 31,500

Insurance and other expenses
Fifteen Pemberton Ltd 123
Fifteen at The Oak Ltd 62
Yesteryear Pubs Ltd 116
Fifteen St Annes Ltd 123 812
Little Fifteen Ltd 7,016 2,024
Fifteens of Swinley Ltd 247 46
Fifteen Chester Ltd 4,686 3,529

Included in trade creditors are the amounts detailed below owed by the company.

Fifteen Pemberton Ltd (4,960 ) -
Yesteryear Pubs Ltd 1,605 2,558
Fifteen St Annes 2,523 -
Fifteens of Swinley Ltd (3,085 ) 6,580
Fifteen Chester Ltd (7,434 ) 7,688
Fifteen at The Oak Ltd 31 6,215
Little Fifteen Ltd 10,598 6,000


Included in other creditors are the amounts detailed below owed by the company
Yesteryear Pub Ltd 31,712
Little Fifteen Ltd 8,346
Fifteen Pemberton Ltd 7,094
Fifteen Chester Ltd 6,427
Fifteens of Swinley Ltd 3,764
Fifteen at The Oak Ltd 2,677
Fifteen St Annes 8,346


WIGAN PUBS LIMITED (REGISTERED NUMBER: 05869919)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023
Included in Other debtors is £50,227 (2022 : £50,000) in respect of a loan to Fifteen Oldham Limited.

Included in Other debtors is £11,740 (2022: NIL) owed to Fifteen St Annes Limited.

Lancashire Acquisitions Limited
A T Callaghan and Mrs B A Callaghan are directors and shareholders,

During the year the company was charged rent, insurance and other expenses, by Lancashire Acquisitions Limited.

Rent 28,542 22,500
Insurance and other expenses 1,940 1,940

During the year the company received £90,000 (2022: £50,000) from Lancashire Acquisitions Limited in respect of management charges.

Included in Other creditors is £Nil (2022: £15,000) owed to Lancashire Acquisitions Limited in respect of a loan.

Included in Other debtors is £NIL (2022: £119,600) owed to the company by Lancashire Acquisitions Limited.

The Doncaster Pub Company.
A T Callaghan and Mrs B A Callaghan are directors and shareholders,

During the year the company sold goods and services to The Doncaster Pub Company Limited


Bar Sales 165,187 162,948
Management fees 18,000 17,167
Recharges 97,975 73,353

Included in Trade debtor is £20,636 (2022: £23,025) owed to the company, by The Doncaster Pub Company Limited.