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REGISTERED NUMBER: 08467192 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

NINKASI PUBCO LIMITED

NINKASI PUBCO LIMITED (REGISTERED NUMBER: 08467192)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NINKASI PUBCO LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTORS: Mr H Vaulkhard
Mr O T Vaulkhard





REGISTERED OFFICE: Bealim House
17-25 Gallowgate
Newcastle upon Tyne
Tyne and Wear
NE1 4SG





REGISTERED NUMBER: 08467192 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

NINKASI PUBCO LIMITED (REGISTERED NUMBER: 08467192)

BALANCE SHEET
31st December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 508,704 537,214

CURRENT ASSETS
Stocks 36,540 48,981
Debtors 5 1,612,510 1,152,401
Cash at bank and in hand 190,172 225,634
1,839,222 1,427,016
CREDITORS
Amounts falling due within one year 6 (947,889 ) (1,172,387 )
NET CURRENT ASSETS 891,333 254,629
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,400,037

791,843

CREDITORS
Amounts falling due after more than one
year

7

(14,660

)

(24,894

)

PROVISIONS FOR LIABILITIES (92,348 ) (30,823 )
NET ASSETS 1,293,029 736,126

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 1,293,026 736,123
SHAREHOLDERS' FUNDS 1,293,029 736,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

NINKASI PUBCO LIMITED (REGISTERED NUMBER: 08467192)

BALANCE SHEET - continued
31st December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th October 2024 and were signed on its behalf by:





Mr O T Vaulkhard - Director


NINKASI PUBCO LIMITED (REGISTERED NUMBER: 08467192)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023


1. STATUTORY INFORMATION

Ninkasi Pubco Limited is a private company limited by share capital, incorporated in England and Wales, registration number 08467192. The address of the registered office is Bealim House, 17-25 Gallowgate, Newcastle Upon Tyne, NE14 4SG. The principal place of business is Exhibition Park, Newcastle Upon Tyne, NE2 4PZ.

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 represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of payments for food, drink and venue hire which are recognised at the point of which the goods or services are provided.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Freehold property -20% on cost
Fixtures and fittings -20% on cost
Motor vehicles -20% on cost

At each balance sheet date, the Company reviews the carrying amounts of its fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.


NINKASI PUBCO LIMITED (REGISTERED NUMBER: 08467192)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023


2. ACCOUNTING POLICIES - continued
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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand. Bank borrowings are included within creditors.

Government grants
Government grants are recognised on the accrual model and are measured at fair value of the asset receivable. Grants are classified as relating either to other income or to assets. Grants related to other income are recognised in profit or loss over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 77 (2022 - 40 ) .

NINKASI PUBCO LIMITED (REGISTERED NUMBER: 08467192)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st January 2023 900,549 628,780 78,259 1,607,588
Additions 26,201 - 46,000 72,201
Disposals - - (10,833 ) (10,833 )
At 31st December 2023 926,750 628,780 113,426 1,668,956
DEPRECIATION
At 1st January 2023 836,411 225,275 8,688 1,070,374
Charge for year 27,668 51,794 15,291 94,753
Eliminated on disposal - - (4,875 ) (4,875 )
At 31st December 2023 864,079 277,069 19,104 1,160,252
NET BOOK VALUE
At 31st December 2023 62,671 351,711 94,322 508,704
At 31st December 2022 64,138 403,505 69,571 537,214

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,156 2,210
Amounts owed by participating interests - 1,113,887
Other debtors 1,602,354 36,304
1,612,510 1,152,401

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,507 9,272
Trade creditors 162,189 140,092
Amounts owed to participating interests - 88,579
Taxation and social security 347,054 83,584
Other creditors 429,139 850,860
947,889 1,172,387

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 14,660 24,894

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6 Ordinary £0.50 3 3

NINKASI PUBCO LIMITED (REGISTERED NUMBER: 08467192)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023


9. RELATED PARTY DISCLOSURES

As at the year end, the company was owed £1,532,324 (2022: £1,113,887) from other companies under common control.

As at the year end, the company owed NIL (2022: £88,579) to other companies under common control.