IRIS Accounts Production v24.3.2.46 09245202 director 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092452022022-12-31092452022023-12-31092452022023-01-012023-12-31092452022021-12-31092452022022-01-012022-12-31092452022022-12-3109245202ns15:EnglandWales2023-01-012023-12-3109245202ns14:PoundSterling2023-01-012023-12-3109245202ns10:Director12023-01-012023-12-3109245202ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109245202ns10:SmallEntities2023-01-012023-12-3109245202ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109245202ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109245202ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109245202ns10:FullAccounts2023-01-012023-12-310924520212023-01-012023-12-3109245202ns10:OrdinaryShareClass12023-01-012023-12-3109245202ns10:OrdinaryShareClass22023-01-012023-12-3109245202ns10:RegisteredOffice2023-01-012023-12-3109245202ns5:CurrentFinancialInstruments2023-12-3109245202ns5:CurrentFinancialInstruments2022-12-3109245202ns5:ShareCapital2023-12-3109245202ns5:ShareCapital2022-12-3109245202ns5:RetainedEarningsAccumulatedLosses2023-12-3109245202ns5:RetainedEarningsAccumulatedLosses2022-12-3109245202ns5:NetGoodwill2023-01-012023-12-3109245202ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3109245202ns5:PlantMachinery2023-01-012023-12-3109245202ns5:NetGoodwill2022-12-3109245202ns5:NetGoodwill2023-12-3109245202ns5:NetGoodwill2022-12-3109245202ns5:LandBuildings2022-12-3109245202ns5:PlantMachinery2022-12-3109245202ns5:LandBuildings2023-01-012023-12-3109245202ns5:LandBuildings2023-12-3109245202ns5:PlantMachinery2023-12-3109245202ns5:LandBuildings2022-12-3109245202ns5:PlantMachinery2022-12-3109245202ns5:CurrentFinancialInstruments2023-01-012023-12-3109245202ns10:OrdinaryShareClass22023-12-31
REGISTERED NUMBER: 09245202 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TRADITIONAL PUBS IW LIMITED

TRADITIONAL PUBS IW LIMITED (REGISTERED NUMBER: 09245202)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRADITIONAL PUBS IW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr M D McDonald





REGISTERED OFFICE: 1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA





REGISTERED NUMBER: 09245202 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

TRADITIONAL PUBS IW LIMITED (REGISTERED NUMBER: 09245202)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 2,203 4,406
Tangible assets 5 81,300 86,829
83,503 91,235

CURRENT ASSETS
Stocks 9,500 9,500
Debtors 6 239,268 203,184
Cash at bank and in hand 26,515 24,839
275,283 237,523
CREDITORS
Amounts falling due within one year 7 206,101 132,358
NET CURRENT ASSETS 69,182 105,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,685

196,400

CAPITAL AND RESERVES
Called up share capital 8 1 3
Retained earnings 152,684 196,397
SHAREHOLDERS' FUNDS 152,685 196,400

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

TRADITIONAL PUBS IW LIMITED (REGISTERED NUMBER: 09245202)

BALANCE SHEET - continued
31 DECEMBER 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 24 February 2025 and were signed by:





Mr M D McDonald - Director


TRADITIONAL PUBS IW LIMITED (REGISTERED NUMBER: 09245202)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Traditional Pubs IW 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 2014, 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 etc - 25% on reducing balance, 20% on reducing balance and 10% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 16 (2022 - 18 ) .

TRADITIONAL PUBS IW LIMITED (REGISTERED NUMBER: 09245202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2023
and 31 December 2023 20,000
AMORTISATION
At 1 January 2023 15,594
Charge for year 2,203
At 31 December 2023 17,797
NET BOOK VALUE
At 31 December 2023 2,203
At 31 December 2022 4,406

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 January 2023
and 31 December 2023 52,943 97,135 150,078
DEPRECIATION
At 1 January 2023 - 63,249 63,249
Charge for year - 5,529 5,529
At 31 December 2023 - 68,778 68,778
NET BOOK VALUE
At 31 December 2023 52,943 28,357 81,300
At 31 December 2022 52,943 33,886 86,829

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by related companies 239,268 203,184

The amount owed from related companies at 31st December 2023 was £239,268 (2022: £203,184 from Harbour Pubs IW Limited, a company of which S Ross, C Ross, and M McDonald were directors at that date.

TRADITIONAL PUBS IW LIMITED (REGISTERED NUMBER: 09245202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Tax 35,521 30,665
Social security and other taxes 57,453 10,571
VAT 110,646 88,100
Other creditors 511 419
Directors' current accounts 1,970 2,603
206,101 132,358

Other creditors consist of outstanding pension costs at the year end.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
NIL Ordinary A £1 - 2
1 Ordinary B £1 1 1
1 3