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REGISTERED NUMBER: 07247696 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

The Hops & Slops Pub Co Limited

The Hops & Slops Pub Co Limited (Registered number: 07247696)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Hops & Slops Pub Co Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D Rider
S Rider





SECRETARY: J Martin





REGISTERED OFFICE: 88 Southdown Road
Harpenden
Hertfordshire
AL5 1PR





REGISTERED NUMBER: 07247696 (England and Wales)

The Hops & Slops Pub Co Limited (Registered number: 07247696)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 53,726 30,157
53,726 30,157

CURRENT ASSETS
Stocks 2,706 2,395
Debtors 6 10,182 10,182
Cash at bank and in hand 12,470 49,804
25,358 62,381
CREDITORS
Amounts falling due within one year 7 176,384 161,665
NET CURRENT LIABILITIES (151,026 ) (99,284 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(97,300

)

(69,127

)

CREDITORS
Amounts falling due after more than one year 8 (17,341 ) (27,978 )

PROVISIONS FOR LIABILITIES (5,159 ) (5,159 )
NET LIABILITIES (119,800 ) (102,264 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (119,802 ) (102,266 )
SHAREHOLDERS' FUNDS (119,800 ) (102,264 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Hops & Slops Pub Co Limited (Registered number: 07247696)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





S Rider - Director


The Hops & Slops Pub Co Limited (Registered number: 07247696)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

The Hops & Slops Pub Co 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of fifteen 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.

Leasehold 15 Years
Fixtures and Fittings 25% 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 Hops & Slops Pub Co Limited (Registered number: 07247696)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

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.

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 15 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 67,500
AMORTISATION
At 1 June 2023
and 31 May 2024 67,500
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

The Hops & Slops Pub Co Limited (Registered number: 07247696)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 34,500 123,221 157,721
Additions - 44,715 44,715
At 31 May 2024 34,500 167,936 202,436
DEPRECIATION
At 1 June 2023 31,104 96,460 127,564
Charge for year 3,396 17,750 21,146
At 31 May 2024 34,500 114,210 148,710
NET BOOK VALUE
At 31 May 2024 - 53,726 53,726
At 31 May 2023 3,396 26,761 30,157

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 10,182 10,182

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 45,529 31,682
Taxation and social security 7,704 6,954
Other creditors 123,151 123,029
176,384 161,665

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 17,341 27,978

9. RELATED PARTY DISCLOSURES

Included in the other creditors is an amount of £122,940 (2023: £122,940) owed to directors of the company.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors of the company by virtue of their 100% ownership of the share capital in the company.