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REGISTERED NUMBER: 03353211 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Lyddington Pub Company Limited

Lyddington Pub Company Limited (Registered number: 03353211)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lyddington Pub Company Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr S C East
Mrs H M East





REGISTERED OFFICE: SRB Associates (Leicestershire) Limited
Pera Busness Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB





REGISTERED NUMBER: 03353211 (England and Wales)





ACCOUNTANTS: SRB Associates (Leicestershire) Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

Lyddington Pub Company Limited (Registered number: 03353211)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,260,779 2,263,381

CURRENT ASSETS
Stocks 5 16,253 16,736
Debtors 6 12,654 15,530
Cash at bank and in hand 62,374 119,533
91,281 151,799
CREDITORS
Amounts falling due within one year 7 393,579 492,479
NET CURRENT LIABILITIES (302,298 ) (340,680 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,958,481

1,922,701

CREDITORS
Amounts falling due after more than one year 8 241,407 427,325
NET ASSETS 1,717,074 1,495,376

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 1,716,974 1,495,276
SHAREHOLDERS' FUNDS 1,717,074 1,495,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Lyddington Pub Company Limited (Registered number: 03353211)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





Mr S C East - Director


Lyddington Pub Company Limited (Registered number: 03353211)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Lyddington 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.

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

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Freehold property - in accordance with the property
Improvements to property - in accordance with the property
Fixtures, fittings & equipment - 25% Reducing Balance Basis
Motor vehicles - 25% Reducing Balance Basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Lyddington Pub Company Limited (Registered number: 03353211)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 27 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 1,995,955 198,388 302,846
Additions - - 9,627
At 30 April 2024 1,995,955 198,388 312,473
DEPRECIATION
At 1 May 2023 - - 236,204
Charge for year - - 12,795
At 30 April 2024 - - 248,999
NET BOOK VALUE
At 30 April 2024 1,995,955 198,388 63,474
At 30 April 2023 1,995,955 198,388 66,642

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 19,250 3,527 2,519,966
Additions - 1,451 11,078
At 30 April 2024 19,250 4,978 2,531,044
DEPRECIATION
At 1 May 2023 18,801 1,580 256,585
Charge for year 104 781 13,680
At 30 April 2024 18,905 2,361 270,265
NET BOOK VALUE
At 30 April 2024 345 2,617 2,260,779
At 30 April 2023 449 1,947 2,263,381

Lyddington Pub Company Limited (Registered number: 03353211)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 16,253 16,736

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 12,654 15,530

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 9) 77,687 77,687
Trade creditors 29,118 28,753
Tax 75,341 84,248
VAT 36,882 32,185
Other creditors 758 -
Directors' current accounts 171,098 267,281
Accrued expenses 2,695 2,325
393,579 492,479

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 9) 241,407 427,325

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 116,577

9. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 77,687 77,687

Amounts falling due between one and two years:
Bank loans - 1-2 years 77,687 77,687

Lyddington Pub Company Limited (Registered number: 03353211)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. LOANS - continued
30.4.24 30.4.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 163,720 233,061

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 116,577

10. SECURED DEBTS

The bank holds legal mortgages over the freehold premises at The Old White Hart Main Street, Lyddington Rutland, 53 Main Street Lyddington Rutland and 3 Stoke Road Lyddington Rutland.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

12. RELATED PARTY DISCLOSURES

Included in rents is £6,000 (2023 : £6,000) in respect of a property rented from Mr S C And Mrs H M East.

13. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr S C East and Mrs H M East the directors of the company who own an equal 50% share of the issued share capital.