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REGISTERED NUMBER: 06238800 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Pleisuretime Pub Company Limited

Pleisuretime Pub Company Limited (Registered number: 06238800)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Pleisuretime Pub Company Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: D Wells
F R Graves
M Graves
M Wells





SECRETARY: M Graves





REGISTERED OFFICE: Wharfside Mews
Carre Street
Sleaford
Lincolnshire
NG34 7TR





REGISTERED NUMBER: 06238800 (England and Wales)





ACCOUNTANTS: Prestige Accounting Limited T/A Simon Moss & Co
The Finance Centre
34a Southgate
Sleaford
Lincolnshire
NG34 7RY

Pleisuretime Pub Company Limited (Registered number: 06238800)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,172 54,739

CURRENT ASSETS
Stocks 23,650 21,500
Debtors 5 12,963 23,980
Cash at bank and in hand 108,237 150,801
144,850 196,281
CREDITORS
Amounts falling due within one year 6 162,789 177,856
NET CURRENT (LIABILITIES)/ASSETS (17,939 ) 18,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,233

73,164

CREDITORS
Amounts falling due after more than one year 7 (15,968 ) (26,859 )

PROVISIONS FOR LIABILITIES (3,395 ) (9,156 )
NET ASSETS 12,870 37,149

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 12,866 37,145
SHAREHOLDERS' FUNDS 12,870 37,149

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

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

Pleisuretime Pub Company Limited (Registered number: 06238800)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





M Graves - Director


Pleisuretime Pub Company Limited (Registered number: 06238800)

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

1. STATUTORY INFORMATION

Pleisuretime 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 (2022 - 31 ) .

Pleisuretime Pub Company Limited (Registered number: 06238800)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 466,821
Additions 10,166
At 31 October 2023 476,987
DEPRECIATION
At 1 November 2022 412,082
Charge for year 14,733
At 31 October 2023 426,815
NET BOOK VALUE
At 31 October 2023 50,172
At 31 October 2022 54,739

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 3,119 6,111
Other debtors 9,844 17,869
12,963 23,980

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 22,241 36,585
Taxation and social security 45,488 38,590
Other creditors 84,412 92,033
162,789 177,856

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 15,968 26,859

8. RELATED PARTY DISCLOSURES

The company rented its premises from FGS Properties Limited at a normal commercial rent of £43750 (2022 - £24,167). Mr F R Graves, Mr M Graves, Mr D Wells and Mr M Wells are also directors of FGS Properties Limited.

The company incurred management charges in the year at normal commercial rates of £0 (2022 - £62,500). These management charges are due to FGS Properties Limited a company of whom Mr F R Graves, Mr M Graves, Mr D Wells and Mr M Wells are also directors.Included in creditors is an amount due to FGS Properties Limited of £82,390 (2022 - £85,460).

Pleisuretime Pub Company Limited

Report of the Accountants to the Directors of
Pleisuretime Pub Company Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Prestige Accounting Limited T/A Simon Moss & Co
The Finance Centre
34a Southgate
Sleaford
Lincolnshire
NG34 7RY


17 January 2025