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REGISTERED NUMBER: 05977243 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Republic Inns Limited

Republic Inns Limited (Registered number: 05977243)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Republic Inns Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: T A Sadler





SECRETARY: T A Sadler





REGISTERED OFFICE: Ashleigh House, Beckbridge Road
Normanton Industrial Estate, Normanton
United Kingdom
WF6 1TE





REGISTERED NUMBER: 05977243 (England and Wales)





ACCOUNTANTS: Evelyn Partners (Leeds) Limited
Accountants
3rd Floor
56 Wellington Street
Leeds
West Yorkshire
LS1 2EE

Republic Inns Limited (Registered number: 05977243)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 354,275 316,700

CURRENT ASSETS
Debtors 6 1,125 -
Cash at bank 364,001 419,087
365,126 419,087
CREDITORS
Amounts falling due within one year 7 5,069 13,845
NET CURRENT ASSETS 360,057 405,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

714,332

721,942

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 714,330 721,940
SHAREHOLDERS' FUNDS 714,332 721,942

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 director and authorised for issue on 5 September 2024 and were signed by:





T A Sadler - Director


Republic Inns Limited (Registered number: 05977243)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Republic Inns 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property which is property held to earn rentals and/or for capital appreciation is measured using the fair value model and stated at its fair value at the year end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

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 balance sheet date.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at transaction price.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

Republic Inns Limited (Registered number: 05977243)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 316,700
Additions 37,575
At 31 December 2023 354,275
NET BOOK VALUE
At 31 December 2023 354,275
At 31 December 2022 316,700

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 1,125 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 239 66
Amounts owed to group undertakings 3,605 -
Taxation and social security - 1,617
Other creditors 1,225 12,162
5,069 13,845

8. CALLED UP SHARE CAPITAL

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

9. RELATED PARTY DISCLOSURES

The company owes money for the amount of £0 (2022: £0) to a related company. The two companies are related because of common ownership and management.

Included in creditors is a balance of £0 (2022: £10,963) due to a director. The balance is interest free and payable on demand.