Peppermill Pubs Limited 06142579 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is pub management Digita Accounts Production Advanced 6.30.9574.0 true true 06142579 2023-01-01 2023-12-31 06142579 2023-12-31 06142579 bus:Director1 1 2023-12-31 06142579 bus:OrdinaryShareClass1 2023-12-31 06142579 core:RetainedEarningsAccumulatedLosses 2023-12-31 06142579 core:ShareCapital 2023-12-31 06142579 core:CurrentFinancialInstruments 2023-12-31 06142579 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06142579 core:Non-currentFinancialInstruments 2023-12-31 06142579 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 06142579 core:ConstructionInProgressAssetsUnderConstruction 2023-12-31 06142579 core:FurnitureFittingsToolsEquipment 2023-12-31 06142579 core:LandBuildings 2023-12-31 06142579 bus:SmallEntities 2023-01-01 2023-12-31 06142579 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06142579 bus:FilletedAccounts 2023-01-01 2023-12-31 06142579 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06142579 bus:RegisteredOffice 2023-01-01 2023-12-31 06142579 bus:Director1 2023-01-01 2023-12-31 06142579 bus:Director1 1 2023-01-01 2023-12-31 06142579 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 06142579 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06142579 bus:Agent1 2023-01-01 2023-12-31 06142579 core:ComputerEquipment 2023-01-01 2023-12-31 06142579 core:ConstructionInProgressAssetsUnderConstruction 2023-01-01 2023-12-31 06142579 core:FurnitureFittings 2023-01-01 2023-12-31 06142579 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 06142579 core:LandBuildings 2023-01-01 2023-12-31 06142579 countries:England 2023-01-01 2023-12-31 06142579 2022-12-31 06142579 bus:Director1 1 2022-12-31 06142579 core:ConstructionInProgressAssetsUnderConstruction 2022-12-31 06142579 core:FurnitureFittingsToolsEquipment 2022-12-31 06142579 core:LandBuildings 2022-12-31 06142579 2022-01-01 2022-12-31 06142579 2022-12-31 06142579 bus:Director1 1 2022-12-31 06142579 bus:OrdinaryShareClass1 2022-12-31 06142579 core:RetainedEarningsAccumulatedLosses 2022-12-31 06142579 core:ShareCapital 2022-12-31 06142579 core:CurrentFinancialInstruments 2022-12-31 06142579 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 06142579 core:Non-currentFinancialInstruments 2022-12-31 06142579 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 06142579 core:ConstructionInProgressAssetsUnderConstruction 2022-12-31 06142579 core:FurnitureFittingsToolsEquipment 2022-12-31 06142579 core:LandBuildings 2022-12-31 06142579 bus:Director1 1 2022-01-01 2022-12-31 06142579 bus:Director1 1 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06142579

Peppermill Pubs Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Peppermill Pubs Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Peppermill Pubs Limited

Company Information

Director

ST Cole

Registered office

4 & 5 Quay Point
Northarbour Road
Portsmouth
Hampshire
PO6 3TD

Accountants

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Peppermill Pubs Limited
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Peppermill Pubs Limited for the year ended 31 December 2023 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Peppermill Pubs Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Peppermill Pubs Limited and state those matters that we have agreed to state to the Board of Directors of Peppermill Pubs Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peppermill Pubs Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Peppermill Pubs Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Peppermill Pubs Limited. You consider that Peppermill Pubs Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Peppermill Pubs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

26 September 2024

 

Peppermill Pubs Limited

(Registration number: 06142579)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

66,400

65,942

Current assets

 

Stocks

5

18,077

18,077

Debtors

6

215,614

170,552

Cash at bank and in hand

 

18,531

17,952

 

252,222

206,581

Creditors: Amounts falling due within one year

7

(586,586)

(416,155)

Net current liabilities

 

(334,364)

(209,574)

Total assets less current liabilities

 

(267,964)

(143,632)

Creditors: Amounts falling due after more than one year

7

(30,676)

(54,265)

Net liabilities

 

(298,640)

(197,897)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(298,740)

(197,997)

Shareholders' deficit

 

(298,640)

(197,897)

 

Peppermill Pubs Limited

(Registration number: 06142579)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 September 2024
 

.........................................
ST Cole
Director

 

Peppermill Pubs Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
4 & 5 Quay Point
Northarbour Road
Portsmouth
Hampshire
PO6 3TD
England

These financial statements were authorised for issue by the director on 26 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Peppermill Pubs Limited

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

Government grants

Government grants relating to revenue expenditure are recognised in income over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

15%- written down value

Other assets

33% - straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Peppermill Pubs Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 29 (2022 - 29).

 

Peppermill Pubs Limited

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Properties under construction
 £

Total
£

Cost or valuation

At 1 January 2023

33,235

144,834

11,698

189,767

Additions

-

9,890

-

9,890

At 31 December 2023

33,235

154,724

11,698

199,657

Depreciation

At 1 January 2023

11,417

100,710

11,698

123,825

Charge for the year

1,329

8,103

-

9,432

At 31 December 2023

12,746

108,813

11,698

133,257

Carrying amount

At 31 December 2023

20,489

45,911

-

66,400

At 31 December 2022

21,818

44,124

-

65,942

Included within the net book value of land and buildings above is £20,489 (2022 - £21,818) in respect of short leasehold land and buildings.
 

5

Stocks

2023
£

2022
£

Finished goods and goods for resale

18,077

18,077

 

Peppermill Pubs Limited

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

6

Debtors

Current

2023
£

2022
£

Trade debtors

66,412

54,249

Prepayments

5,963

8,639

Other debtors

143,239

107,664

 

215,614

170,552

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

26,223

25,926

Trade creditors

 

33,857

41,881

Taxation and social security

 

454,511

277,177

Accruals and deferred income

 

40,993

39,255

Other creditors

 

31,002

31,916

 

586,586

416,155

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

30,676

54,265

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       
 

Peppermill Pubs Limited

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

9

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

30,676

35,835

Other borrowings

-

18,430

30,676

54,265

Current loans and borrowings

2023
£

2022
£

Bank borrowings

6,210

6,210

Other borrowings

20,013

19,716

26,223

25,926

10

Related party transactions

Transactions with the director

2023

At 1 January 2023
£

Advances to director
£

At 31 December 2023
£

ST Cole

Undated, unsecured and interest free directors loan account which is repayable on demand.

92,563

35,578

128,141

2022

At 1 January 2022
£

Advances to director
£

Repayments by director
£

At 31 December 2022
£

ST Cole

Undated, unsecured and interest free directors loan account which is repayable on demand.

62,823

92,564

(62,824)

92,563