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REGISTERED NUMBER: 06101474 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

THE PICKLED PUB COMPANY LIMITED

THE PICKLED PUB COMPANY LIMITED (REGISTERED NUMBER: 06101474)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE PICKLED PUB COMPANY LIMITED

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTOR: H C Ball





SECRETARY: N G Caton





REGISTERED OFFICE: The Red Lion and Sun
25 North Road
Highgate Village
London
N6 4BE





REGISTERED NUMBER: 06101474 (England and Wales)





ACCOUNTANTS: Northfield Management Services Limited
Cart Lodge
Harps Farm
Bedlars Green
Great Hallingbury
Hertfordshire
CM22 7TL

THE PICKLED PUB COMPANY LIMITED (REGISTERED NUMBER: 06101474)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 32,668 11,337
32,668 11,337

CURRENT ASSETS
Stocks 35,110 32,381
Debtors 6 341,952 355,488
Cash at bank and in hand 36,680 41,012
413,742 428,881
CREDITORS
Amounts falling due within one year 7 421,775 409,501
NET CURRENT (LIABILITIES)/ASSETS (8,033 ) 19,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,635

30,717

CREDITORS
Amounts falling due after more than one
year

8

(17,552

)

(27,361

)

PROVISIONS FOR LIABILITIES (1,148 ) (2,475 )
NET ASSETS 5,935 881

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 5,835 781
SHAREHOLDERS' FUNDS 5,935 881

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 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.

THE PICKLED PUB COMPANY LIMITED (REGISTERED NUMBER: 06101474)

BALANCE SHEET - continued
29 February 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 20 November 2024 and were signed by:





H C Ball - Director


THE PICKLED PUB COMPANY LIMITED (REGISTERED NUMBER: 06101474)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

The Pickled 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the accounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of the estimation means that that the actual outcomes could differ from those estimates.

Turnover
Turnover represents the value of goods and services supplied during the year, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - Over period of lease
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in first out basis.

At each balance sheet date, stock is assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit and loss.

THE PICKLED PUB COMPANY LIMITED (REGISTERED NUMBER: 06101474)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-portable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic short-term financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

THE PICKLED PUB COMPANY LIMITED (REGISTERED NUMBER: 06101474)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 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 31 (2023 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 10,000
AMORTISATION
At 1 March 2023
and 29 February 2024 10,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 - 172,465 7,271 179,736
Additions 33,621 - - 33,621
At 29 February 2024 33,621 172,465 7,271 213,357
DEPRECIATION
At 1 March 2023 - 161,128 7,271 168,399
Charge for year 6,724 5,566 - 12,290
At 29 February 2024 6,724 166,694 7,271 180,689
NET BOOK VALUE
At 29 February 2024 26,897 5,771 - 32,668
At 28 February 2023 - 11,337 - 11,337

THE PICKLED PUB COMPANY LIMITED (REGISTERED NUMBER: 06101474)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 37,392
Rent deposit 12,786 12,786
Tax recoverable 36,813 36,813
Directors' current accounts 292,353 267,459
Prepayments - 1,038
341,952 355,488

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,223 -
Other loans 96,076 65,000
Bounce back loan 9,810 9,810
Trade creditors 88,308 73,599
Tax 32,639 16,168
Social security and other taxes 48,274 44,446
VAT 118,920 113,598
Other creditors 11,741 78,077
Accrued expenses 7,784 8,803
421,775 409,501

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years 17,552 27,361

9. CALLED UP SHARE CAPITAL

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
H C Ball
Balance outstanding at start of year 267,459 198,428
Amounts advanced 108,894 120,870
Amounts repaid (84,000 ) (51,839 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 292,353 267,459

THE PICKLED PUB COMPANY LIMITED (REGISTERED NUMBER: 06101474)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

During the year beneficial loan interest of £7,500 (2023: £6,097) has been charged at a rate of 2.25.% (2023: 2.5%) on the overdrawn balance.