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Registration number: 13703725

The Mulberry Pub Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

The Mulberry Pub Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 12

 

The Mulberry Pub Limited

Company Information

Director

Mr D Sargison

Registered office

30 Main Road
East Hagbourne
Didcot
OX11 9LN

Accountants

Gold Accountants Limited
24 Southfield
Polegate
East Sussex
BN26 5LX

 

The Mulberry Pub Limited

Director's Report for the Year Ended 31 October 2023

The director presents his report and the financial statements for the year ended 31 October 2023.

Director of the company

The director who held office during the year was as follows:

Mr D Sargison

Principal activity

The principal activity of the company is public house and bar restaurant

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 October 2024
 

.........................................
Mr D Sargison
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
The Mulberry Pub Limited
for the Year Ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Mulberry Pub Limited for the year ended 31 October 2023 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of The Mulberry Pub Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Mulberry Pub Limited and state those matters that we have agreed to state to the Board of Directors of The Mulberry Pub Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Mulberry Pub Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Mulberry Pub Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The Mulberry Pub Limited. You consider that The Mulberry Pub Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Mulberry Pub Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Gold Accountants Limited
24 Southfield
Polegate
East Sussex
BN26 5LX

30 October 2024

 

The Mulberry Pub Limited

Profit and Loss Account for the Year Ended 31 October 2023

Note

2023
£

2022
£

Turnover

 

882,376

651,133

Cost of sales

 

(429,517)

(333,877)

Gross profit

 

452,859

317,256

Administrative expenses

 

(463,600)

(302,255)

Operating (loss)/profit

 

(10,741)

15,001

(Loss)/profit before tax

(10,741)

15,001

Tax on (loss)/profit

 

-

(3,921)

(Loss)/profit for the financial year

 

(10,741)

11,080

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

The Mulberry Pub Limited

Statement of Comprehensive Income for the Year Ended 31 October 2023

2023
£

2022
£

(Loss)/profit for the year

(10,741)

11,080

Total comprehensive income for the year

(10,741)

11,080

 

The Mulberry Pub Limited

(Registration number: 13703725)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

54,865

47,730

Current assets

 

Debtors

5

83,035

26,018

Cash at bank and in hand

 

46,612

85,048

 

129,647

111,066

Creditors: Amounts falling due within one year

6

(184,171)

(147,714)

Net current liabilities

 

(54,524)

(36,648)

Net assets

 

341

11,082

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

339

11,080

Shareholders' funds

 

341

11,082

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 October 2024
 

.........................................
Mr D Sargison
Director

 

The Mulberry Pub Limited

Statement of Changes in Equity for the Year Ended 31 October 2023

Share capital
£

Retained earnings
£

Total
£

At 1 November 2022

-

11,080

11,080

Loss for the year

-

(10,741)

(10,741)

New share capital subscribed

2

-

2

At 31 October 2023

2

339

341

Share capital
£

Retained earnings
£

Total
£

Profit for the year

-

11,080

11,080

New share capital subscribed

2

-

2

At 31 October 2022

2

11,080

11,082

 

The Mulberry Pub Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
30 Main Road
East Hagbourne
Didcot
OX11 9LN

These financial statements were authorised for issue by the director on 30 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

The Mulberry Pub Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

The Mulberry Pub Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2022 - 10).

 

The Mulberry Pub Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Other tangible assets
 £

Total
£

Cost or valuation

At 1 November 2022

25,508

-

-

25,508

Additions

62,633

274

733

63,640

At 31 October 2023

88,141

274

733

89,148

Depreciation

At 1 November 2022

15,658

69

183

15,910

Charge for the year

18,121

68

184

18,373

At 31 October 2023

33,779

137

367

34,283

Carrying amount

At 31 October 2023

54,362

137

366

54,865

At 31 October 2022

46,975

205

550

47,730

5

Debtors

Current

2023
£

2022
£

Prepayments

161,000

8,473

Other debtors

(77,965)

17,545

 

83,035

26,018

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

53,000

-

Trade creditors

 

44,065

57,254

Taxation and social security

 

29,952

32,090

Other creditors

 

57,154

58,370

 

184,171

147,714

7

Share capital

Allotted, called up and fully paid shares

 

The Mulberry Pub Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

2023

2022

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

8

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Bank borrowings

53,000

-

9

Dividends