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REGISTERED NUMBER: 08970448 (England and Wales)















T W I PUBS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






T W I PUBS LIMITED (REGISTERED NUMBER: 08970448)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T W I PUBS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr D Harding





REGISTERED OFFICE: 15 High Street
Brackley
Northamptonshire
NN13 7DH





REGISTERED NUMBER: 08970448 (England and Wales)





ACCOUNTANTS: Blencowes
15 High Street
Brackley
Northamptonshire
NN13 7DH

T W I PUBS LIMITED (REGISTERED NUMBER: 08970448)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,435 107,681
Investments 5 20,000 20,000
156,435 127,681

CURRENT ASSETS
Stocks 19,066 15,671
Debtors 6 17,611 11,102
Cash at bank and in hand 222,955 233,721
259,632 260,494
CREDITORS
Amounts falling due within one year 7 188,042 174,509
NET CURRENT ASSETS 71,590 85,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,025

213,666

CREDITORS
Amounts falling due after more than one
year

8

(13,447

)

(23,447

)

PROVISIONS FOR LIABILITIES (31,631 ) (19,041 )
NET ASSETS 182,947 171,178

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 182,847 171,078
SHAREHOLDERS' FUNDS 182,947 171,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

T W I PUBS LIMITED (REGISTERED NUMBER: 08970448)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2024 and were signed by:





Mr D Harding - Director


T W I PUBS LIMITED (REGISTERED NUMBER: 08970448)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

T W I Pubs 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of wet and dry stock is recognised when the significant rewards of ownership are transferred and the transaction is expected to generate a future cash flow. This is usually at the point of sale.

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 reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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 taxation
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.

T W I PUBS LIMITED (REGISTERED NUMBER: 08970448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 14,714 59,481 149,624
Additions - 701 5,670
At 31 March 2024 14,714 60,182 155,294
DEPRECIATION
At 1 April 2023 11,306 38,152 91,106
Charge for year 511 3,253 6,136
At 31 March 2024 11,817 41,405 97,242
NET BOOK VALUE
At 31 March 2024 2,897 18,777 58,052
At 31 March 2023 3,408 21,329 58,518

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 15,793 17,398 257,010
Additions 39,768 1,233 47,372
At 31 March 2024 55,561 18,631 304,382
DEPRECIATION
At 1 April 2023 1,579 7,186 149,329
Charge for year 7,103 1,615 18,618
At 31 March 2024 8,682 8,801 167,947
NET BOOK VALUE
At 31 March 2024 46,879 9,830 136,435
At 31 March 2023 14,214 10,212 107,681

T W I PUBS LIMITED (REGISTERED NUMBER: 08970448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 20,000
At 31 March 2023 20,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,088 97
Other debtors 15,215 11,005
Prepayments 308 -
17,611 11,102

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 20,728 20,963
Tax 22,306 21,544
Social security and other taxes 10,989 10,417
VAT 68,640 68,597
Other creditors 31,531 25,066
Directors' current accounts 11,410 13,186
Accrued expenses 12,438 4,736
188,042 174,509

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 13,447 23,447

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100