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Company registration number: 07104673
Classic Pub Design Limited
Unaudited filleted financial statements
for the year ended
30 April 2024
Prepared by:
THOMAS NOCK MARTIN LIMITED
CHARTERED ACCOUNTANTS
BRIERLEY HILL
Classic Pub Design Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Classic Pub Design Limited
Directors and other information
Directors Paul Salisbury
Paul Hales
Susan Salisbury
Secretary Paul Salisbury
Company number 07104673
Registered office 5 Hagley Court South
The Waterfront
Brierley Hill
West Midlands
DY5 1XE
Business address Malt House Farm
Grove Lane
Lapworth
B94 6AR
Accountants Thomas Nock Martin Limited
5 Hagley Court South
The Waterfront
Brierley Hill
West Midlands
DY5 1XE
Classic Pub Design Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Classic Pub Design Limited
Year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Classic Pub Design Limited for the year ended 30 April 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Classic Pub Design Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Classic Pub Design Limited and state those matters that we have agreed to state to the board of directors of Classic Pub Design Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Classic Pub Design Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Classic Pub Design Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Classic Pub Design Limited. You consider that Classic Pub Design Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Classic Pub Design Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Thomas Nock Martin Limited
Chartered Accountants
5 Hagley Court South
The Waterfront
Brierley Hill
West Midlands
DY5 1XE
27 January 2025
Classic Pub Design Limited
Statement of financial position
30 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 6 - -
Investments 8 1 1
_______ _______
1 1
Current assets
Stocks 13,827 3,263
Debtors 9 58,004 61,572
Cash at bank and in hand 141,681 34,338
_______ _______
213,512 99,173
Creditors: amounts falling due
within one year 10 ( 136,536) ( 54,173)
_______ _______
Net current assets 76,976 45,000
_______ _______
Total assets less current liabilities 76,977 45,001
Creditors: amounts falling due
after more than one year 11 - ( 20,833)
_______ _______
Net assets 76,977 24,168
_______ _______
Capital and reserves
Called up share capital 12 100 100
Profit and loss account 76,877 24,068
_______ _______
Shareholders funds 76,977 24,168
_______ _______
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 January 2025 , and are signed on behalf of the board by:
Paul Salisbury
Director
Company registration number: 07104673
Classic Pub Design Limited
Notes to the financial statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 5 Hagley Court South, The Waterfront, Brierley Hill, West Midlands, DY5 1XE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertaking comprise a small group.
Turnover
Turnover represents fees receivable for the design of licenced premises and the provision of consultancy services to the catering industry, excluding value added tax, during the year.In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 3 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property - Straight line over the life of the lease
Fittings, fixtures and equipment - 25 % straight line
Motor vehicles - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and trade creditors, other debtors and creditors.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 or loss.For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
6. Intangible assets
Goodwill Total
£ £
Cost
At 1 May 2023 and 30 April 2024 2,000,000 2,000,000
_________ _________
Amortisation
At 1 May 2023 and 30 April 2024 2,000,000 2,000,000
_________ _________
Carrying amount
At 30 April 2024 - -
_________ _________
At 30 April 2023 - -
_________ _________
7. Tangible assets
Short leasehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 May 2023 and 30 April 2024 32,617 6,901 39,518
_______ _______ _______
Depreciation
At 1 May 2023 and 30 April 2024 32,617 6,901 39,518
_______ _______ _______
Carrying amount
At 30 April 2024 - - -
_______ _______ _______
At 30 April 2023 - - -
_______ _______ _______
8. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 May 2023 and 30 April 2024 1 1
_______ _______
Impairment
At 1 May 2023 and 30 April 2024 - -
_______ _______
Carrying amount
At 30 April 2024 1 1
_______ _______
At 30 April 2023 1 1
_______ _______
9. Debtors
2024 2023
£ £
Trade debtors 37,972 33,869
Other debtors 20,032 27,703
_______ _______
58,004 61,572
_______ _______
10. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans - 10,000
Trade creditors 113,467 26,634
Amounts owed to group undertakings 1 1
Corporation tax 13,950 2,265
Social security and other taxes 1,051 11,560
Other creditors 8,067 3,713
_______ _______
136,536 54,173
_______ _______
11. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors - 20,833
_______ _______
12. Called up share capital
Issued and called up
2024 2023
No £ No £
Ordinary A shares of £ 1.00 each 60 60 60 60
Ordinary B shares of £ 1.00 each 20 20 20 20
Ordinary C shares of £ 1.00 each 20 20 20 20
_______ _______ _______ _______
100 100 100 100
_______ _______ _______ _______
Issued and partly paid
2024 2023
No £ No £
Ordinary A shares of £ 1.00 each - £ - paid 60 - 60 -
Ordinary B shares of £ 1.00 each - £ - paid 20 - 20 -
Ordinary C shares of £ 1.00 each - £ - paid 20 - 20 -
_______ _______ _______ _______
100 - 100 -
_______ _______ _______ _______
13. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances to the directors Amounts repaid Balance carried forward
£ £ £ £
Susan Salisbury 19,746 31,254 ( 55,000) ( 4,000)
_______ _______ _______ _______
2023
Balance brought forward Advances to the directors Amounts repaid Balance carried forward
£ £ £ £
Susan Salisbury ( 4,395) 30,620 ( 6,479) 19,746
_______ _______ _______ _______