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THE HEADLESS PUB COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






THE HEADLESS PUB COMPANY LIMITED (REGISTERED NUMBER: 02825829)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE HEADLESS PUB COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mrs T Evans
J M Parker-Machin





REGISTERED OFFICE: Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS





REGISTERED NUMBER: 02825829 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

THE HEADLESS PUB COMPANY LIMITED (REGISTERED NUMBER: 02825829)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 447,574 452,698

CURRENT ASSETS
Stocks 12,513 10,969
Debtors 5 22,462 17,825
Cash at bank and in hand 105,202 123,537
140,177 152,331
CREDITORS
Amounts falling due within one year 6 128,407 130,270
NET CURRENT ASSETS 11,770 22,061
TOTAL ASSETS LESS CURRENT LIABILITIES 459,344 474,759

CREDITORS
Amounts falling due after more than one
year

7

(110,195

)

(140,337

)

PROVISIONS FOR LIABILITIES 9 (16,300 ) (15,600 )
NET ASSETS 332,849 318,822

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 332,749 318,722
SHAREHOLDERS' FUNDS 332,849 318,822

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 HEADLESS PUB COMPANY LIMITED (REGISTERED NUMBER: 02825829)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:





Mrs T Evans - Director


THE HEADLESS PUB COMPANY LIMITED (REGISTERED NUMBER: 02825829)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

The Headless 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.

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.
Freehold property - 4% on cost and 2% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

THE HEADLESS PUB COMPANY LIMITED (REGISTERED NUMBER: 02825829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 596,300 200,454 - 796,754
Additions - 8,398 1,696 10,094
At 31 October 2024 596,300 208,852 1,696 806,848
DEPRECIATION
At 1 November 2023 156,186 187,870 - 344,056
Charge for year 7,490 7,242 486 15,218
At 31 October 2024 163,676 195,112 486 359,274
NET BOOK VALUE
At 31 October 2024 432,624 13,740 1,210 447,574
At 31 October 2023 440,114 12,584 - 452,698

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,391 -
Other debtors 20,071 17,825
22,462 17,825

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 34,269 34,015
Trade creditors 33,446 25,317
Taxation and social security 38,100 40,072
Other creditors 22,592 30,866
128,407 130,270

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 110,195 140,337

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 6,519 26,371

THE HEADLESS PUB COMPANY LIMITED (REGISTERED NUMBER: 02825829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank Loan 144,463 174,352

The bank loan is secured by way of a fixed and floating charge over the assets of the company and by personal guarantees made by the director.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 16,300 15,600

Deferred
tax
£   
Balance at 1 November 2023 15,600
Provided during year 700
Balance at 31 October 2024 16,300

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100