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REGISTERED NUMBER: 10307124 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

The Millstone Pub Company Limited

The Millstone Pub Company Limited (Registered number: 10307124)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Millstone Pub Company Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: M J Calvert





SECRETARY: M J Calvert





REGISTERED OFFICE: 99 Long Row
Horsforth
LS18 5AT





REGISTERED NUMBER: 10307124 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
3 Park Square
Leeds
LS1 2NE

The Millstone Pub Company Limited (Registered number: 10307124)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,246 13,808
11,246 13,808

CURRENT ASSETS
Stocks 25,515 18,599
Debtors 6 118,354 124,792
Cash at bank and in hand 45,553 7,399
189,422 150,790
CREDITORS
Amounts falling due within one year 7 97,473 68,464
NET CURRENT ASSETS 91,949 82,326
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,195

96,134

CREDITORS
Amounts falling due after more than one
year

8

(121,122

)

(128,078

)

PROVISIONS FOR LIABILITIES 9 (2,137 ) (2,624 )
NET LIABILITIES (20,064 ) (34,568 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (20,164 ) (34,668 )
SHAREHOLDERS' FUNDS (20,064 ) (34,568 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Millstone Pub Company Limited (Registered number: 10307124)

Balance Sheet - continued
31 May 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 director and authorised for issue on 29 January 2025 and were signed by:





M J Calvert - Director


The Millstone Pub Company Limited (Registered number: 10307124)

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

1. STATUTORY INFORMATION

The Millstone 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis. The company is financially supported by the director who is subordinating his claim against the monies due to him to ensure all other creditors are met as the liabilities fall due.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance

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.


The Millstone Pub Company Limited (Registered number: 10307124)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 69,440
AMORTISATION
At 1 June 2022
and 31 May 2023 69,440
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2022
and 31 May 2023 36,162
DEPRECIATION
At 1 June 2022 22,354
Charge for year 2,562
At 31 May 2023 24,916
NET BOOK VALUE
At 31 May 2023 11,246
At 31 May 2022 13,808

The Millstone Pub Company Limited (Registered number: 10307124)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax recoverable 4,647 -
Deposit bond 10,000 10,000
Amounts due from related undertakings 103,707 103,707
Social security & other taxes - 11,085
118,354 124,792

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Loan creditor 7,180 7,180
Trade creditors 36,279 45,096
Corporation tax - 2,225
Social security and other taxes 35,414 -
Directors' current accounts 376 322
Other creditors & accruals 18,224 13,641
97,473 68,464

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Loan creditor 35,122 41,078
Directors' loan accounts 86,000 87,000
121,122 128,078

Included within the loan creditor is an amount of £42,302 (2022: £48,258) which represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme.

The loan creditor carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,137 2,624

Deferred
tax
£   
Balance at 1 June 2022 2,624
Utilised during year (487 )
Balance at 31 May 2023 2,137

The Millstone Pub Company Limited (Registered number: 10307124)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £10 100 100

11. RESERVES
Retained
earnings
£   

At 1 June 2022 (34,668 )
Profit for the year 14,504
At 31 May 2023 (20,164 )

12. RELATED PARTY DISCLOSURES

At 31st May 2023 the company was owed an amount of £103,707 (2022: £103,707) from Eskdale Holdings Limited. The director Mr M Calvert is also a director of Eskdale Holdings Limited.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, Mr M Calvert.