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REGISTERED NUMBER: 14831900 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 27 APRIL 2023 TO 31 JULY 2024

FOR

THE WILLIAM PUB (KENSAL RISE) LTD

THE WILLIAM PUB (KENSAL RISE) LTD (REGISTERED NUMBER: 14831900)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 APRIL 2023 TO 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE WILLIAM PUB (KENSAL RISE) LTD

COMPANY INFORMATION
FOR THE PERIOD 27 APRIL 2023 TO 31 JULY 2024







DIRECTORS: Benjamin Robson
Edward Robson
Adam Gostyn





REGISTERED OFFICE: C/O Defries Weiss
1 Bridge Lane
London
NW11 0EA





REGISTERED NUMBER: 14831900 (England and Wales)





ACCOUNTANTS: Defries Weiss (Accountants) Limited
1 Bridge Lane
London
NW11 0EA

THE WILLIAM PUB (KENSAL RISE) LTD (REGISTERED NUMBER: 14831900)

BALANCE SHEET
31 JULY 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 454,061

CURRENT ASSETS
Debtors 5 211,486
Cash at bank 4,069
215,555
CREDITORS
Amounts falling due within one year 6 507,651
NET CURRENT LIABILITIES (292,096 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,965

CREDITORS
Amounts falling due after more than one
year

7

(363,532

)

PROVISIONS FOR LIABILITIES (51,249 )
NET LIABILITIES (252,816 )

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (252,817 )
(252,816 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 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.

THE WILLIAM PUB (KENSAL RISE) LTD (REGISTERED NUMBER: 14831900)

BALANCE SHEET - continued
31 JULY 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 Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





Edward Robson - Director


THE WILLIAM PUB (KENSAL RISE) LTD (REGISTERED NUMBER: 14831900)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 APRIL 2023 TO 31 JULY 2024

1. STATUTORY INFORMATION

The William Pub (Kensal Rise) Ltd 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 the provisions of section 1A of Financial
Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leaseholdOver term of lease
Improvements to property5% on straight line
Plant and machinery20% on straight line
Fixtures and fittings20% on straight line

Financial instruments
Basic financial assets and liabilities, including trade debtors and creditors, other debtors and creditors and amounts with related parties are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangements constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised.

Taxation
Taxation for the period 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 period 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.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 .

THE WILLIAM PUB (KENSAL RISE) LTD (REGISTERED NUMBER: 14831900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 27 APRIL 2023 TO 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to Plant and and
leasehold property machinery fittings Totals
£    £    £    £    £   
COST
Additions 262,174 186,409 494 34,390 483,467
At 31 July 2024 262,174 186,409 494 34,390 483,467
DEPRECIATION
Charge for period 13,109 9,320 99 6,878 29,406
At 31 July 2024 13,109 9,320 99 6,878 29,406
NET BOOK VALUE
At 31 July 2024 249,065 177,089 395 27,512 454,061

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 25,270
Amounts owed by group undertakings 121,183
Other debtors 23,160
Prepayments 41,873
211,486

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other loans 173,279
Trade creditors 51,770
Amounts owed to group undertakings 150,112
Social security and other taxes 17,271
VAT 62,283
Other creditors 24,820
Accrued expenses 28,116
507,651

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other loans - 2-5 years 363,532

8. SECURED DEBTS

The other loans included asset finance loans that the company has agreements to fund the improvement costs and fixtures and fittings cost. The loan is secured against the underlying assets financed.


THE WILLIAM PUB (KENSAL RISE) LTD (REGISTERED NUMBER: 14831900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 27 APRIL 2023 TO 31 JULY 2024

9. FINANCIAL COMMITMENTS

At the balance sheet date the company was committed to operating lease payments of £1,572,333 for rental of premises under a lease which expire in May 2042. This commitment includes £89,000 to be paid in the year ending 31 July 2025.


10. GOING CONCERN

The financial statements have been prepared on a going concern basis, which relies on the continued support of the parent company and it's shareholders. The directors do not expect this support to be withdrawn in the foreseeable future and therefore the going concern basis is reasonable.


11. ULTIMATE HOLDING COMPANY

The ultimate holding company is Loci Pubs Ltd for which the registered office is 1 Bridge Lane, London, NW11 0EA.