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Registered number: 11209943
East 10 Pub Co Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 29 February 2024
Aaron Partners
9 Marlands Road
Ilford
IG5 0JL
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 11209943
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 69
Tangible Assets 5 231,405 282,808
231,405 282,877
CURRENT ASSETS
Stocks 15,037 10,686
Debtors 13,765 18,307
Cash at bank and in hand 55,354 39,244
84,156 68,237
Creditors: Amounts Falling Due Within One Year (1,020,693 ) (1,112,083 )
NET CURRENT ASSETS (LIABILITIES) (936,537 ) (1,043,846 )
TOTAL ASSETS LESS CURRENT LIABILITIES (705,132 ) (760,969 )
NET LIABILITIES (705,132 ) (760,969 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (705,232 ) (761,069 )
SHAREHOLDERS' FUNDS (705,132) (760,969)
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Jonathan Knapman
Director
29/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
East 10 Pub Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11209943 . The registered office is 391 High Road Leyton, London, E10 5NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Straightline basis
Plant & Machinery Reducing balance
Fixtures & Fittings Reducing balance
Computer Equipment Reducing balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 16)
17 16
4. Intangible Assets
Total
£
Cost
As at 1 March 2023 980
As at 29 February 2024 980
Amortisation
As at 1 March 2023 911
Provided during the period 69
As at 29 February 2024 980
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 69
5. Tangible Assets
Total
£
Cost
As at 1 March 2023 591,144
Additions 3,422
As at 29 February 2024 594,566
Depreciation
As at 1 March 2023 308,336
Provided during the period 54,825
As at 29 February 2024 363,161
Net Book Value
As at 29 February 2024 231,405
As at 1 March 2023 282,808
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
Page 4