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REGISTERED NUMBER: 08586421 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Fubar Pub Company Limited

Fubar Pub Company Limited (Registered number: 08586421)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fubar Pub Company Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr D P McGrath





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 08586421 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Fubar Pub Company Limited (Registered number: 08586421)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,530 -
Investments 5 35 35
Investment property 6 410,184 1,010,184
411,749 1,010,219

CURRENT ASSETS
Debtors 7 306,950 586,718
Cash at bank 825 21,439
307,775 608,157
CREDITORS
Amounts falling due within one year 8 195,387 464,902
NET CURRENT ASSETS 112,388 143,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

524,137

1,153,474

CREDITORS
Amounts falling due after more than one
year

9

(14,167

)

(610,143

)

PROVISIONS FOR LIABILITIES (31,299 ) (102,614 )
NET ASSETS 478,671 440,717

CAPITAL AND RESERVES
Called up share capital 10 100 100
Non distributable reserve 11 92,748 307,844
Retained earnings 385,823 132,773
SHAREHOLDERS' FUNDS 478,671 440,717

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.

Fubar Pub Company Limited (Registered number: 08586421)

Balance Sheet - continued
31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2024 and were signed by:





Mr D P McGrath - Director


Fubar Pub Company Limited (Registered number: 08586421)

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

1. STATUTORY INFORMATION

Fubar Pub Company 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Fubar Pub Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Fubar Pub Company Limited (Registered number: 08586421)

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

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
Additions 1,800
At 31 December 2023 1,800
DEPRECIATION
Charge for year 270
At 31 December 2023 270
NET BOOK VALUE
At 31 December 2023 1,530

5. FIXED ASSET INVESTMENTS
Interest
Shares in in other
group participating
undertakings interests Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 2 33 35
NET BOOK VALUE
At 31 December 2023 2 33 35
At 31 December 2022 2 33 35

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,010,184
Disposals (313,207 )
Revaluations (286,793 )
At 31 December 2023 410,184
NET BOOK VALUE
At 31 December 2023 410,184
At 31 December 2022 1,010,184

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2018 123,666
Cost 286,518
410,184

Fubar Pub Company Limited (Registered number: 08586421)

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

6. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 286,518 599,726

The investment properties were valued on an open market basis on 31 December 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 300,959 174,041
Amounts owed by participating interests - 407,344
VAT 4,787 3,822
Prepayments 1,204 1,511
306,950 586,718

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 37,071
Amounts owed to group undertakings 77,773 346,981
Amounts owed to participating interests 18,658 2
Tax 63,783 50,005
Other creditors 21,328 27,993
Accruals and deferred income 3,845 2,850
195,387 464,902

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 38,159
Bank loans - 2-5 years 4,167 105,619
Bank loans more 5 yr by instal - 466,365
14,167 610,143

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 466,365

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

Fubar Pub Company Limited (Registered number: 08586421)

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

11. RESERVES
Non
distributable
reserve
£   
At 1 January 2023 307,844
Disposals (215,096 )

At 31 December 2023 92,748

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr D P McGrath
Balance outstanding at start of year - -
Amounts advanced 89,319 -
Amounts repaid (89,319 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest of 2% per annum up to 5th April 2023 and at 2.25% thereafter.

13. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided from the parent company amounted to £77,773 (2022 - £346,981).

The balance outstanding on interest free loans provided to the subsidiary company amounted to £300,959 (2022 - £174,041l).

The balance outstanding on interest free loans provided from companies with participating interests amounted to £18,656 (2022 - £407,344 Dr.).

The balance outstanding on interest free loans provided by companies with participating interests amounted to £2 (2022 - £2).