Relate AccountsProduction v2.7.2 v2.7.2 2022-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the operation of a public house. 19 September 2023 0 0 08676342 2023-09-30 08676342 2022-09-30 08676342 2021-09-30 08676342 2022-10-01 2023-09-30 08676342 2021-10-01 2022-09-30 08676342 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08676342 uk-curr:PoundSterling 2022-10-01 2023-09-30 08676342 uk-bus:FullAccounts 2022-10-01 2023-09-30 08676342 uk-bus:Director1 2022-10-01 2023-09-30 08676342 uk-bus:Director2 2022-10-01 2023-09-30 08676342 uk-bus:RegisteredOffice 2022-10-01 2023-09-30 08676342 uk-bus:Agent1 2022-10-01 2023-09-30 08676342 uk-core:ShareCapital 2023-09-30 08676342 uk-core:ShareCapital 2022-09-30 08676342 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 08676342 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 08676342 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 08676342 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-09-30 08676342 uk-core:RestatedAmount uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 08676342 uk-core:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 08676342 uk-bus:FRS102 2022-10-01 2023-09-30 08676342 uk-core:FurnitureFittingsToolsEquipment 2022-10-01 2023-09-30 08676342 uk-core:CurrentFinancialInstruments 2023-09-30 08676342 uk-core:CurrentFinancialInstruments 2022-09-30 08676342 uk-core:WithinOneYear 2023-09-30 08676342 uk-core:WithinOneYear 2022-09-30 08676342 uk-core:WithinOneYear 2023-09-30 08676342 uk-core:WithinOneYear 2022-09-30 08676342 uk-core:AfterOneYear 2023-09-30 08676342 uk-core:AfterOneYear 2022-09-30 08676342 uk-core:BetweenOneTwoYears 2023-09-30 08676342 uk-core:BetweenOneTwoYears 2022-09-30 08676342 uk-core:BetweenTwoFiveYears 2023-09-30 08676342 uk-core:BetweenTwoFiveYears 2022-09-30 08676342 2022-10-01 2023-09-30 08676342 uk-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Nesswella Pubs Limited
 
Directors' Report and Unaudited Financial Statements
 
for the financial year ended 30 September 2023



Nesswella Pubs Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Tanya Davies
David Gibson
 
 
Company Registration Number 08676342
 
 
Registered Office 14 Mill Street
Bradford
West Yorkshire
BD1 4AB
 
 
Business Address Malt House
The Square
Seaton
Devon
EX12 2NX
 
 
Accountants Innscribe UK
14 Mill Street
Bradford
West Yorkshire
BD1 4AB



Nesswella Pubs Limited
DIRECTORS' REPORT
for the financial year ended 30 September 2023

 
The directors present their report and the unaudited financial statements for the financial year ended 30 September 2023.
 
Principal Activity
The principal activity of the company is the operation of a public house.
     
Results and Dividends
The loss for the financial year after providing for depreciation and taxation amounted to £(90,526) (2022 - £(12,500)).
     
Directors
The directors who served during the financial year are as follows:
     
Tanya Davies
David Gibson
   
There were no changes in shareholdings between 30 September 2023 and the date of signing the financial statements.
     
Statement of Directors' Responsibilities
     
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
Tanya Davies
Director
     
     
___________________________
David Gibson
Director
     
19 September 2023



Nesswella Pubs Limited
PROFIT AND LOSS ACCOUNT
for the financial year ended 30 September 2023
2023 2022
Notes £ £

Turnover 396,850 525,326
 
Cost of sales (175,528) (223,170)
───────── ─────────
Gross profit 221,322 302,156
 
Administrative expenses (311,050) (326,841)
Other operating income - 11,000
───────── ─────────
Operating loss (89,728) (13,685)
 
Interest payable and similar expenses (798) (1,053)
───────── ─────────
Loss before taxation (90,526) (14,738)
 
Tax on loss - 2,238
───────── ─────────
Loss for the financial year (90,526) (12,500)
    ═════════   ═════════



Nesswella Pubs Limited
Company Registration Number: 08676342
BALANCE SHEET
as at 30 September 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 15,905 18,862
───────── ─────────
 
Current Assets
Stocks 5 8,733 6,174
Debtors 6 22,418 22,773
Cash and cash equivalents 64,397 122,760
───────── ─────────
95,548 151,707
───────── ─────────
Creditors: amounts falling due within one year 7 (98,821) (57,406)
───────── ─────────
Net Current (Liabilities)/Assets (3,273) 94,301
───────── ─────────
Total Assets less Current Liabilities 12,632 113,163
 
Creditors:
amounts falling due after more than one year 8 (16,662) (26,667)
───────── ─────────
Net (Liabilities)/Assets (4,030) 86,496
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings (4,130) 86,396
───────── ─────────
Equity attributable to owners of the company (4,030) 86,496
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 19 September 2023 and signed on its behalf by
           
           
________________________________          
Tanya Davies          
Director          
           
           
________________________________
David Gibson
Director
           



Nesswella Pubs Limited
RECONCILIATION OF SHAREHOLDERS' FUNDS
as at 30 September 2023

Called up Retained Total
share earnings
capital
£ £ £
 
At 1 October 2021 100 102,896 102,996
───────── ───────── ─────────
Loss for the financial year - (12,500) (12,500)
───────── ───────── ─────────
Payment of dividends - (4,000) (4,000)
  ───────── ───────── ─────────
At 30 September 2022 100 86,396 86,496
  ───────── ───────── ─────────
Loss for the financial year - (90,526) (90,526)
  ───────── ───────── ─────────
At 30 September 2023 100 (4,130) (4,030)
  ═════════ ═════════ ═════════



Nesswella Pubs Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2023

   
1. General Information
 
Nesswella Pubs Limited is a company limited by shares incorporated in the United Kingdom
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 September 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 10% Straight line
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 16, (2022 - 14).
       
4. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 October 2022 29,573 29,573
  ───────── ─────────
 
At 30 September 2023 29,573 29,573
  ───────── ─────────
Depreciation
At 1 October 2022 10,711 10,711
Charge for the financial year 2,957 2,957
  ───────── ─────────
At 30 September 2023 13,668 13,668
  ───────── ─────────
Net book value
At 30 September 2023 15,905 15,905
  ═════════ ═════════
At 30 September 2022 18,862 18,862
  ═════════ ═════════
       
5. Stocks 2023 2022
  £ £
 
Food stock 3,386 2,343
Bar stock 5,347 3,831
  ───────── ─────────
  8,733 6,174
  ═════════ ═════════
       
6. Debtors 2023 2022
  £ £
 
Brewery deposit accounts 17,815 16,516
Taxation  (Note 9) 2,387 2,238
Prepayments and accrued income 2,216 4,019
  ───────── ─────────
  22,418 22,773
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due within one year £ £
 
Bank overdrafts 42,221 -
Bank loan 10,000 10,000
Trade creditors 14,637 10,667
Taxation  (Note 9) 14,742 30,079
Directors' current accounts 8,065 4,406
Other creditors 6,350 705
Accruals 2,806 1,549
  ───────── ─────────
  98,821 57,406
  ═════════ ═════════
       
8. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Bank loan 16,662 26,667
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 52,221 10,000
Repayable between one and two years 10,000 10,000
Repayable between two and five years 6,662 16,667
  ───────── ─────────
  68,883 36,667
  ═════════ ═════════
 
       
9. Taxation 2023 2022
  £ £
 
Debtors:
Corporation tax 2,238 2,238
PAYE / NI 149 -
  ───────── ─────────
  2,387 2,238
  ═════════ ═════════
Creditors:
VAT 14,742 24,924
PAYE / NI - 5,155
  ───────── ─────────
  14,742 30,079
  ═════════ ═════════
   
10. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.



Nesswella Pubs Limited
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
TRADING STATEMENT
for the financial year ended 30 September 2023
2023 2022
£ £

Sales
Bar sales 173,008 230,892
Food sales 223,842 294,434
───────── ─────────
396,850 525,326
───────── ─────────
       
Cost of sales
Opening stock 6,174   6,075
Bar purchases 72,835 99,602
Food purchases 103,242 121,813
Cellar gas 2,010 1,854
  ─────────   ─────────
  184,261   229,344
Closing stock (8,733)   (6,174)
  ─────────   ─────────
  175,528   223,170
  ─────────   ─────────
       
Gross profit 221,322   302,156
  ─────────   ─────────
Gross profit Percentage 55.8%   57.5%
  ─────────   ─────────
       
Administrative expenses - Schedule 1 311,050   326,841
  ─────────   ─────────
       
Finance
Other interest 798   1,053
  ─────────   ─────────
       
Miscellaneous income
Government grants received - 4,000
Brewery repairs contribution - 7,000
  ─────────   ─────────
  -   11,000
  ─────────   ─────────
       
Net loss (90,526)   (14,738)
  ═════════   ═════════



Nesswella Pubs Limited
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
SCHEDULE 1: ADMINISTRATIVE EXPENSES ANALYSIS
for the financial year ended 30 September 2023
2023 2022
£ £ £ £

Directors' and Staff Costs
Wages and salaries 127,351 163,393
Directors' salaries 50,000 48,000
Employer's NI contributions 3,607 9,039
Staff defined contribution pension costs 2,582 3,385
Staff training - 270
───────── ─────────
183,540 224,087
Office Expenses
Printing, postage and stationery 565 795
Telephone 943 843
  ─────────   ─────────  
    1,508   1,638
Premises and Equipment Expenses
Rent payable 42,237 33,872
Rates 5,043 3,499
Water rates 4,124 3,088
Insurance 1,552 2,736
Licences 633 968
Electricity 16,421 9,491
Gas 13,799 7,130
Cleaning 3,847 3,071
Sanitary provisions 9,343 8,641
Repairs and maintenance 4,523 3,664
Catering equipment 3,067 4,255
Hire of equipment 2,628 4,122
  ─────────   ─────────  
    107,217   84,537
General Expenses
General expenses 653 413
  ─────────   ─────────  
    653   413
Sales and Promotional Expenses
Promotions and games teams 181 147
  ─────────   ─────────  
    181   147
Professional and Financial Expenses
Legal and professional 126 1,299
Accountancy 4,400 4,465
Bank charges 521 730
Credit card charges 9,947 6,567
  ─────────   ─────────  
    14,994   13,061
Depreciation
Fixtures, fittings and equipment depreciation 2,957   2,958  
  ─────────   ─────────  
    2,957   2,958
    ─────────   ─────────
    311,050   326,841
    ═════════   ═════════