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REGISTERED NUMBER: 09426503 (England and Wales)















PROPER PUBS 2015 LIMITED

Unaudited Financial Statements for the Year Ended 29 February 2024






PROPER PUBS 2015 LIMITED (REGISTERED NUMBER: 09426503)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


PROPER PUBS 2015 LIMITED

Company Information
for the year ended 29 February 2024







Directors: M Hynett
A M Twigg





Registered office: 1 Station Road
Whittaker Heath
West Midlands
B46 2JA





Registered number: 09426503 (England and Wales)

PROPER PUBS 2015 LIMITED (REGISTERED NUMBER: 09426503)

Balance Sheet
29 February 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 60,761 63,140

Current assets
Stocks 15,044 12,115
Debtors 5 44,196 41,279
Cash at bank 69,184 141,766
128,424 195,160
Creditors
Amounts falling due within one year 6 147,070 140,642
Net current (liabilities)/assets (18,646 ) 54,518
Total assets less current liabilities 42,115 117,658

Creditors
Amounts falling due after more than one year 7 15,000 25,000
Net assets 27,115 92,658

Capital and reserves
Called up share capital 8 2 2
Retained earnings 27,113 92,656
Shareholders' funds 27,115 92,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 9 October 2024 and were signed on its behalf by:





A Twigg - Director


PROPER PUBS 2015 LIMITED (REGISTERED NUMBER: 09426503)

Notes to the Financial Statements
for the year ended 29 February 2024

1. Statutory information

Proper Pubs 2015 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 are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery-33% on written-down value
Fixtures and fittings-20% on written-down value
Computer equipment-20% on written-down value

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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Employees and directors

The average number of employees during the year was 21 (2023 - 14 ) .

PROPER PUBS 2015 LIMITED (REGISTERED NUMBER: 09426503)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
Cost
At 1 March 2023 20,390 88,065 1,166 109,621
Additions 6,470 7,032 - 13,502
At 29 February 2024 26,860 95,097 1,166 123,123
Depreciation
At 1 March 2023 13,334 32,538 609 46,481
Charge for year 3,704 12,066 111 15,881
At 29 February 2024 17,038 44,604 720 62,362
Net book value
At 29 February 2024 9,822 50,493 446 60,761
At 28 February 2023 7,056 55,527 557 63,140

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 4,356 3,196
Other debtors 23,846 17,753
Prepayments 15,994 20,330
44,196 41,279

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 7,500 7,500
Trade creditors 44,018 39,373
Tax 17,873 17,873
Social security and other taxes 5,831 5,613
VAT 45,845 42,637
Other creditors 734 466
Directors' current accounts 10,367 8,867
Accrued expenses 14,902 18,313
147,070 140,642

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 15,000 25,000

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £1 2 2