Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-232024-03-2337412023-03-26falseEvent catering activitiestruetrue 10988833 2023-03-26 2024-03-23 10988833 2022-03-27 2023-03-25 10988833 2024-03-23 10988833 2023-03-25 10988833 2022-03-27 10988833 c:Director1 2023-03-26 2024-03-23 10988833 d:Buildings 2023-03-26 2024-03-23 10988833 d:Buildings 2024-03-23 10988833 d:Buildings 2023-03-25 10988833 d:Buildings d:OwnedOrFreeholdAssets 2023-03-26 2024-03-23 10988833 d:Buildings d:LongLeaseholdAssets 2023-03-26 2024-03-23 10988833 d:Buildings d:LongLeaseholdAssets 2024-03-23 10988833 d:Buildings d:LongLeaseholdAssets 2023-03-25 10988833 d:LandBuildings 2024-03-23 10988833 d:LandBuildings 2023-03-25 10988833 d:FurnitureFittings 2023-03-26 2024-03-23 10988833 d:FurnitureFittings 2024-03-23 10988833 d:FurnitureFittings 2023-03-25 10988833 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-26 2024-03-23 10988833 d:OfficeEquipment 2023-03-26 2024-03-23 10988833 d:OfficeEquipment 2024-03-23 10988833 d:OfficeEquipment 2023-03-25 10988833 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-26 2024-03-23 10988833 d:OwnedOrFreeholdAssets 2023-03-26 2024-03-23 10988833 d:CurrentFinancialInstruments 2024-03-23 10988833 d:CurrentFinancialInstruments 2023-03-25 10988833 d:Non-currentFinancialInstruments 2024-03-23 10988833 d:Non-currentFinancialInstruments 2023-03-25 10988833 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-23 10988833 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-25 10988833 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-23 10988833 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-25 10988833 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-23 10988833 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-25 10988833 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-23 10988833 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-25 10988833 d:ShareCapital 2023-03-26 2024-03-23 10988833 d:ShareCapital 2024-03-23 10988833 d:ShareCapital 2022-03-27 2023-03-25 10988833 d:ShareCapital 2023-03-25 10988833 d:ShareCapital 2022-03-27 10988833 d:SharePremium 2023-03-26 2024-03-23 10988833 d:SharePremium 2024-03-23 10988833 d:SharePremium 2022-03-27 2023-03-25 10988833 d:SharePremium 2023-03-25 10988833 d:SharePremium 2022-03-27 10988833 d:RetainedEarningsAccumulatedLosses 2023-03-26 2024-03-23 10988833 d:RetainedEarningsAccumulatedLosses 2024-03-23 10988833 d:RetainedEarningsAccumulatedLosses 2022-03-27 2023-03-25 10988833 d:RetainedEarningsAccumulatedLosses 2023-03-25 10988833 d:RetainedEarningsAccumulatedLosses 2022-03-27 10988833 c:OrdinaryShareClass1 2023-03-26 2024-03-23 10988833 c:OrdinaryShareClass1 2024-03-23 10988833 c:OrdinaryShareClass1 2023-03-25 10988833 c:OrdinaryShareClass2 2023-03-26 2024-03-23 10988833 c:OrdinaryShareClass2 2024-03-23 10988833 c:OrdinaryShareClass2 2023-03-25 10988833 c:OrdinaryShareClass3 2023-03-26 2024-03-23 10988833 c:OrdinaryShareClass3 2024-03-23 10988833 c:OrdinaryShareClass3 2023-03-25 10988833 c:FRS102 2023-03-26 2024-03-23 10988833 c:Audited 2023-03-26 2024-03-23 10988833 c:FullAccounts 2023-03-26 2024-03-23 10988833 c:PrivateLimitedCompanyLtd 2023-03-26 2024-03-23 10988833 c:SmallCompaniesRegimeForAccounts 2023-03-26 2024-03-23 10988833 2 2023-03-26 2024-03-23 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10988833










SUBURBAN VILLAGE PUB COMPANY LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE 52 WEEKS ENDED 23 MARCH 2024

 
SUBURBAN VILLAGE PUB COMPANY LIMITED
REGISTERED NUMBER: 10988833

BALANCE SHEET
AS AT 23 MARCH 2024

23 March
25 March
2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
2,832,829
2,879,459

Current assets
  

Stocks
 5 
28,828
26,867

Debtors: amounts falling due within one year
 6 
34,626
81,968

Cash at bank and in hand
 7 
827,933
948,298

  
891,387
1,057,133

Current liabilities
  

Creditors: amounts falling due within one year
 8 
(317,391)
(255,928)

Net current assets
  
 
 
573,996
 
 
801,205

Total assets less current liabilities
  
3,406,825
3,680,664

Creditors: amounts falling due after more than one year
 9 
(15,000)
(25,000)

Net assets
  
3,391,825
3,655,664


Capital and reserves
  

Called up share capital 
 11 
85,094
85,094

Share premium account
 12 
4,501,816
4,501,816

Profit and loss account
 12 
(1,195,085)
(931,246)

  
3,391,825
3,655,664


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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 September 2024.




G J Drew
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 1

 
SUBURBAN VILLAGE PUB COMPANY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE 52 WEEKS ENDED 23 MARCH 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 March 2022
85,094
4,501,816
(805,352)
3,781,558


Comprehensive income for the period

Loss for the period
-
-
(125,894)
(125,894)
Total comprehensive income for the period
-
-
(125,894)
(125,894)



At 26 March 2023
85,094
4,501,816
(931,246)
3,655,664


Comprehensive income for the 52 weeks

Loss for the 52 weeks
-
-
(263,839)
(263,839)
Total comprehensive income for the 52 weeks
-
-
(263,839)
(263,839)


At 23 March 2024
85,094
4,501,816
(1,195,085)
3,391,825


The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
SUBURBAN VILLAGE PUB COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEKS ENDED 23 MARCH 2024

1.


General information

Suburban Village Pub Company Limited is a private company limited by shares incorporated in England and Wales. The Company's registered office is 59 Longlands Lane, Findern, Derby, Derbyshire, DE65 6AH. The principal activity of the Company is the operation of public houses.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentational currency is GBP.
The Company has prepared it's financial statements to the nearest £. 

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered the appropriateness of the going concern basis of the preparation of the financial statements by considering a period of at least 12 months from the date of the approval of these financial statements. The directors are of the opinion that there are adequate resources available to continue trading for a period of at least 12 months.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue in respect of drink and food sales is recognised at the point at which the goods are
provided, net of any discounts or rebates.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
SUBURBAN VILLAGE PUB COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEKS ENDED 23 MARCH 2024

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the 52 weeks in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
SUBURBAN VILLAGE PUB COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEKS ENDED 23 MARCH 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Long-term leasehold property
-
Over the life of the lease
Fixtures and fittings
-
6.67% straight line
Office equipment
-
12.5% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost is calculated on a first-in, first out basis. Provision is made for damaged and obsolete
stock where appropriate.

 
2.12

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.13

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.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Page 5

 
SUBURBAN VILLAGE PUB COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEKS ENDED 23 MARCH 2024

2.Accounting policies (continued)


2.15
Financial instruments (continued)



3.


Employees

The average monthly number of employees, including directors, during the 52 weeks was 37 (2023 - 41).


4.


Tangible fixed assets







Freehold property
Long-term leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost


At 26 March 2023
1,372,482
1,356,192
366,588
20,633
3,115,895


Additions
12,104
-
34,808
1,853
48,765


Disposals
(12,801)
-
-
-
(12,801)



At 23 March 2024

1,371,785
1,356,192
401,396
22,486
3,151,859



Depreciation


At 26 March 2023
94,675
67,804
67,646
6,311
236,436


Charge for the 52 weeks on owned assets
27,294
27,124
25,575
2,601
82,594



At 23 March 2024

121,969
94,928
93,221
8,912
319,030



Net book value



At 23 March 2024
1,249,816
1,261,264
308,175
13,574
2,832,829



At 25 March 2023
1,277,807
1,288,388
298,942
14,322
2,879,459




The net book value of land and buildings may be further analysed as follows:


23 March
25 March
2024
2023
£
£

Freehold
1,249,816
1,277,807

Long leasehold
1,261,264
1,288,388

2,511,080
2,566,195


Page 6

 
SUBURBAN VILLAGE PUB COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEKS ENDED 23 MARCH 2024

5.


Stocks

23 March
25 March
2024
2023
£
£

Food and drink stocks
28,828
26,867



6.


Debtors

23 March
25 March
2024
2023
£
£

Trade debtors
4,123
5,267

Other debtors
3,901
69,036

Prepayments and accrued income
26,602
7,665

34,626
81,968



7.


Cash and cash equivalents

23 March
25 March
2024
2023
£
£

Cash at bank and in hand
827,933
948,298



8.


Creditors: Amounts falling due within one year

23 March
25 March
2024
2023
£
£

Bank loans (see note 10)
10,000
10,000

Trade creditors
96,496
53,874

Other taxation and social security
15,310
36,276

Other creditors
30,316
33,827

Accruals and deferred income
165,269
121,951

317,391
255,928


Page 7

 
SUBURBAN VILLAGE PUB COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEKS ENDED 23 MARCH 2024

9.


Creditors: Amounts falling due after more than one year

23 March
25 March
2024
2023
£
£

Bank loans (see note 10)
15,000
25,000



10.


Loans


Analysis of the maturity of loans is given below:


23 March
25 March
2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
5,000
15,000

25,000
35,000


The bank loan is repayable in installments and interest is charged at 2.5% per annum. The bank loan is due to be repaid by Sep-26.

Page 8

 
SUBURBAN VILLAGE PUB COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEKS ENDED 23 MARCH 2024

11.


Share capital

23 March
25 March
2024
2023
£
£
Allotted, called up and fully paid



10,585 (2023 - 10,585) Ordinary shares of £1.00 each
10,585
10,585
5,045,886 (2023 - 5,045,886) B Ordinary shares of £0.01 each
50,459
50,459
24,050 (2023 - 24,050) A Ordinary shares of £1.00 each
24,050
24,050

85,094

85,094

Ordinary & A Ordinary shares have full voting rights, rights to dividends and capital distributions, including on winding up but have no rights of redemption.
B Ordinary shares have voting rights, rights to dividends and capital distributions, including on winding up but have no rights of redemption. As regards to voting, save in respect of any matter which requires the approval of B ordinary shareholders, the holders of B ordinary shares shall otherwise not be entitled to receive notice of attend or vote at general meetings of the company.



12.


Reserves

Share premium account

Includes premiums received on issue of share capital, less associated transaction costs arising from the share issue and is not distributable.

Profit and loss account

Includes all distributable current and prior period retained profits and losses.


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,121 (2023 - £7,406). Contributions totalling £680 (2023 - £874) were payable to the fund at the balance sheet date and are included in creditors.

Page 9

 
SUBURBAN VILLAGE PUB COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEKS ENDED 23 MARCH 2024

14.


Related party transactions

There is not considered to be any key management personnel outside of the directors.
The following related party transactions occurred during the year:
Rockpool Investment Nominee Limited - majority shareholder
The Company incurred management charges of £78,927 (2023: £79,945) during the period. At the period end the Company owed £7,944 (2023: £8,453) which is included in trade creditors and accruals.
Flagstone Inns Limited - company with directors in common
The Company incurred management charges of £80,600 (2023: £80,000) during the period. At the period end the Company was owed £nil (2023: £14,550) which is included in other debtors.
Danimon Limited - company with directors in common
The Company paid director fees of £20,128 (2023: £24,001) during the period to the Company with a director in common. At the period end the Company owed £nil (2023: £nil).
Urban Village Pub Company Limited - company with directors in common
At the period end the Company was owed £nil (2023: £14,787) which is included in other debtors.
Metropolitan Village Pub Company Limited - company with directors in common
At the period end the Company was owed £nil (2023: £15,000) which is included in other debtors.


15.


Controlling party

The ultimate controlling party is Rockpool Investments Nominee Limited. No one party is considered to
control Rockpool Investment Nominee Limited.


16.


Auditors' information

The auditors' report on the financial statements for the 52 weeks ended 23 March 2024 was unqualified.

The audit report was signed on 1 October 2024 by Jame Delve (Senior Statutory Auditor) on behalf of PKF Smith Cooper Audit Limited.


Page 10