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Company registration number:
12417903
Fishermann Pubs Ltd
Unaudited filleted financial statements
31 January 2024
Fishermann Pubs Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Fishermann Pubs Ltd
Directors and other information
|
|
|
|
Directors |
Mr M Fisher |
|
|
Mr P Mann |
|
|
|
|
|
|
|
Company number |
12417903 |
|
|
|
|
|
|
|
Registered office |
Vaughan Chambers |
|
|
Vaughan Road |
|
|
Harpenden |
|
|
AL5 4EE |
|
|
|
|
|
|
|
Accountants |
Hicks and Company |
|
|
Chartered Accountants |
|
|
Vaughan Chambers |
|
|
Vaughan Road |
|
|
Harpenden |
|
|
AL5 4EE |
|
|
|
Fishermann Pubs Ltd
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Fishermann Pubs Ltd
Year ended 31 January 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 Fishermann Pubs Ltd for the year ended 31 January 2024 which comprise the statement of financial position, statement of changes in equity 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 Fishermann Pubs Ltd, as a body, in accordance with the terms of our engagement letter dated 31 October 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Fishermann Pubs Ltd and state those matters that we have agreed to state to the board of directors of Fishermann Pubs Ltd 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 Fishermann Pubs Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Fishermann Pubs Ltd 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 Fishermann Pubs Ltd. You consider that Fishermann Pubs Ltd 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 Fishermann Pubs Ltd. 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.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
29 January 2025
Fishermann Pubs Ltd
Statement of financial position
31 January 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Investments |
|
5 |
97,220 |
|
|
|
- |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
97,220 |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
6 |
100 |
|
|
|
82,735 |
|
|
Cash at bank and in hand |
|
|
1,013 |
|
|
|
3,275 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
1,113 |
|
|
|
86,010 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
101,896) |
|
|
|
(
96,484) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
100,783) |
|
|
|
(
10,474) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
(
3,563) |
|
|
|
(
10,474) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net liabilities |
|
|
|
|
(
3,563) |
|
|
|
(
10,474) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
468 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
(
4,031) |
|
|
|
(
10,574) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders deficit |
|
|
|
|
(
3,563) |
|
|
|
(
10,474) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 January 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 comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
29 January 2025
, and are signed on behalf of the board by:
Mr P Mann
Director
Company registration number:
12417903
Fishermann Pubs Ltd
Statement of changes in equity
Year ended 31 January 2024
|
|
Called up share capital |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 February 2021 |
|
100 |
|
646 |
746 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit/(loss) for the year |
|
|
|
(
11,220) |
(
11,220) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
(
11,220) |
(
11,220) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 31 January 2023 and 1 February 2023 |
|
100 |
|
(10,575) |
(10,475) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit/(loss) for the year |
|
|
|
6,544 |
6,544 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
6,544 |
6,544 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issue of shares |
|
368 |
|
|
368 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total investments by and distributions to owners |
|
368 |
|
- |
368 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 31 January 2024 |
|
468 |
|
(
4,031) |
(
3,563) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fishermann Pubs Ltd
Notes to the financial statements
Year ended 31 January 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hicks and Company, Vaughan Chambers, Vaughan Road, Harpenden, AL5 4EE.
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.
Going concern
The accounts are prepared on a going concern basis which assumes the continued support of other group companies.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Investments
|
|
Shares in group undertakings and participating interests |
Loans to group undertakings and participating interests |
Total |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 February 2023 |
- |
- |
- |
|
|
|
|
Additions |
568 |
14,866 |
15,434 |
|
|
|
|
Disposals |
- |
(
714) |
(
714) |
|
|
|
|
Transfers |
- |
82,500 |
82,500 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
At 31 January 2024 |
568 |
96,652 |
97,220 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
Impairment |
|
|
|
|
|
|
|
At 1 February 2023 and 31 January 2024 |
- |
- |
- |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 January 2024 |
568 |
96,652
|
97,220 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
At 31 January 2023 |
- |
- |
- |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other debtors |
|
100 |
82,735 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade creditors |
|
2,854 |
- |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
84,000 |
- |
|
Social security and other taxes |
|
6,427 |
7,052 |
|
Other creditors |
|
8,615 |
89,432 |
|
|
|
_______ |
_______ |
|
|
|
101,896 |
96,484 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Details of the amounts owed to group companies are given in Note 9 Related party transactions.
8.
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 /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr P Mann |
(
3,567) |
(
530) |
(
4,097) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr P Mann |
- |
(
3,567) |
(
3,567) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
9.
Related party transactions
On 1 June 2023 Gone Fish Inns Ltd, Beehive Pub Co Ltd, Rose and Crown Welwyn Ltd and The Bull Whitwell Ltd became subsidiaries of
Fishermann Pubs Ltd
. Prior to that date the companies, with the exception of The Bull Whitwell Ltd, were under common control due to Michael Fisher and Peter Mann being controlling shareholders of all the companies.During the year Fishermann Pubs Ltd
provided management services its subsidiaries Gone Fish Inns Ltd, Beehive Pub Co Ltd, Rose and Crown Welwyn Ltd and The Bull Whitwell Ltd with values of £41,994 (2023: £32,597), £34,606 (2023: £32,264), £42,493 (2023: £33,847) and £6,664 (2023: nil) respectively.The amount due from Fishermann Pubs Ltd
to Beehive Pub Co Ltd at 31 January 2024 was £84,000 (2023: £84,000).The amounts due from Gone Fish Inns Ltd, Rose and Crown Welwyn Ltd and The Bull Whitwell Ltd to Fishermann Pubs Ltd
at 31 January 2024 were £12,500 (2023: £12,500), £69,286 (2023: £70,000) and £14,866 (2023: nil) respectively.