Registered number
08726420
The Aspirational Pub Company Limited
Filleted Accounts
30 June 2024
The Aspirational Pub Company Limited
Registered number: 08726420
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 106 6
Current assets
Debtors 5 54,956 54,956
Creditors: amounts falling due within one year 6 (42,475) (42,375)
Net current assets 12,481 12,581
Net assets 12,587 12,587
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,487 12,487
Shareholders' funds 12,587 12,587
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Moore-Saxton
Director
Approved by the board on 28 November 2024
The Aspirational Pub Company Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 July 2023 6
Additions 100
At 30 June 2024 106
4 Subsidiary undertakings
The following were subsidiary undertakings of the company: KOB (The Artichoke) Ltd. Incorporated in the UK. 100% holding of ordinary shares. Principal activity - Public House. KOB (The Feathers) Ltd. Incorporated in the UK. 100% holding of ordinary shares. Principal activity - Public House. B & R Payroll Ltd. Incoporated in the UK. 100% holding of ordinary shares. Principal activity - Payroll Bureau.
APCO PropCo Ltd. Incorporated in the UK. 100% holding of ordinary shares. Principal activity - property ownership.
The aggregate of the share capital and reserves as at 30 June 2024 and of the profit for the year ended on that date for the subsidiary undertakings were as follows: Aggregate of share capital and reserves Profit
£ £
KOB (The Artichoke) Ltd. 325,618 40,862
KOB (The Feathers) Ltd. 244,928 104,908
B & R Payroll Ltd. 2 0
APCO PropCo Ltd. (1,169) (1,269)
569,379 144,501
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings 54,956 54,956
6 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings 37,004 36,904
Other creditors 5,471 5,471
42,475 42,375
7 Related party transactions
The company was owed £2 each by KOB (The Artichoke) Ltd., KOB (The Feathers) Ltd., and B&R Payroll Ltd. and £100 by APCO PropCo Ltd.
8 Controlling party
There is no ultimate controlling party.
9 Other information
The Aspirational Pub Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
79 The Enterprise Centre
Cranborne Road
Potters Bar
EN6 3DQ
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