2023-08-012024-07-312024-07-31false04457602THE SILVER PUB COMPANY 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THE SILVER PUB COMPANY LIMITED

Registered Number
04457602
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

THE SILVER PUB COMPANY LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

BAYLDON-PRITCHARD, Gillian
BAYLDON-PRITCHARD, Nicholas William Lee

Registered Address

James Watson House Montgomery Way
Rosehill Industrial Estate
Carlisle
CA1 2UU

Registered Number

04457602 (England and Wales)
THE SILVER PUB COMPANY LIMITED
Statement of Financial Position
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3143,297134,660
143,297134,660
Current assets
Stocks421,50020,225
Debtors516,88319,889
Cash at bank and on hand1,448,0891,280,493
1,486,4721,320,607
Creditors amounts falling due within one year6(210,677)(207,860)
Net current assets (liabilities)1,275,7951,112,747
Total assets less current liabilities1,419,0921,247,407
Provisions for liabilities7(32,900)(27,300)
Net assets1,386,1921,220,107
Capital and reserves
Called up share capital44
Profit and loss account1,386,1881,220,103
Shareholders' funds1,386,1921,220,107
The financial statements were approved and authorised for issue by the Board of Directors on 17 January 2025, and are signed on its behalf by:
BAYLDON-PRITCHARD, Gillian
Director
Registered Company No. 04457602
THE SILVER PUB COMPANY LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
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
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-10
Plant and machinery18-
Vehicles25-
Finance leases and hire purchase contracts
Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year2827
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Total

££££
Cost or valuation
At 01 August 23234,732302,3166,995544,043
Additions-47,412-47,412
Disposals-(7,298)-(7,298)
At 31 July 24234,732342,4306,995584,157
Depreciation and impairment
At 01 August 23209,484195,8554,044409,383
Charge for year13,60922,53073836,877
On disposals-(5,400)-(5,400)
At 31 July 24223,093212,9854,782440,860
Net book value
At 31 July 2411,639129,4452,213143,297
At 31 July 2325,248106,4612,951134,660
4.Stocks

2024

2023

££
Raw materials and consumables21,50020,225
Total21,50020,225
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,022-
Other debtors1,2172,092
Prepayments and accrued income14,64417,797
Total16,88319,889
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables18,93326,433
Taxation and social security161,087145,370
Other creditors20,04724,350
Accrued liabilities and deferred income10,61011,707
Total210,677207,860
7.Provisions for liabilities
The provision for deferred tax is made up of £32,900 (2023 - £27,300) in respect of accelerated capital allowances on fixed assets.

2024

2023

££
Net deferred tax liability (asset)32,90027,300
Total32,90027,300
8.Pension commitments
The pension cost charge represents contributions payable by the company to the fund and amounted to £6,125 (2023- £4,342).
9.Other commitments
At the reporting date the company had future minimum lease payments under non-cancellable operating leases of £1,415,422 (2023 - £1,476,859).
10.Related party transactions
During the year the directors had a loan account with the company. At the reporting date the company owed the directors £15,507 (2023 - £24,351). This loan is unsecured, interest free and repayable upon demand.