Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01falseRetail – Restaurants and Pub1010falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09477732 2023-04-01 2024-03-31 09477732 2022-04-01 2023-03-31 09477732 2024-03-31 09477732 2023-03-31 09477732 c:Director1 2023-04-01 2024-03-31 09477732 c:Director2 2023-04-01 2024-03-31 09477732 c:Director3 2023-04-01 2024-03-31 09477732 c:RegisteredOffice 2023-04-01 2024-03-31 09477732 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 09477732 d:Buildings d:LongLeaseholdAssets 2024-03-31 09477732 d:Buildings d:LongLeaseholdAssets 2023-03-31 09477732 d:PlantMachinery 2023-04-01 2024-03-31 09477732 d:PlantMachinery 2024-03-31 09477732 d:PlantMachinery 2023-03-31 09477732 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09477732 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09477732 d:CurrentFinancialInstruments 2024-03-31 09477732 d:CurrentFinancialInstruments 2023-03-31 09477732 d:Non-currentFinancialInstruments 2024-03-31 09477732 d:Non-currentFinancialInstruments 2023-03-31 09477732 c:FRS102 2023-04-01 2024-03-31 09477732 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09477732 c:FullAccounts 2023-04-01 2024-03-31 09477732 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09477732 2 2023-04-01 2024-03-31 09477732 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 09477732


YELLOW PANDA PUB CO LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024


















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Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ

 
YELLOW PANDA PUB CO LTD
 
 
COMPANY INFORMATION


Directors
A T Hooper 
P J E Lacey 
J A Woollard 




Registered number
09477732



Registered office
30 Brookville Road

London

SW6 7BJ





 
YELLOW PANDA PUB CO LTD
 

CONTENTS



Page
Accountants' Report
1
Statement of Financial Position
2
Notes to the Financial Statements
3 - 7

 
YELLOW PANDA PUB CO LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF YELLOW PANDA PUB CO LTD
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of YELLOW PANDA PUB CO LTD for the year ended 31 March 2024 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of YELLOW PANDA PUB CO LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of YELLOW PANDA PUB CO LTD and state those matters that we have agreed to state to the Board of Directors of YELLOW PANDA PUB CO LTD, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than YELLOW PANDA PUB CO LTD and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that YELLOW PANDA PUB CO LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of YELLOW PANDA PUB CO LTD. You consider that YELLOW PANDA PUB CO LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of YELLOW PANDA PUB CO LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Haggards Crowther LLP
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ
14 March 2025
Page 1

 
YELLOW PANDA PUB CO LTD
REGISTERED NUMBER: 09477732

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Fixed assets
 4 
-
121,442

Current assets
 5,6,7 
98,622
89,664

Creditors: amounts falling due within one year
 8 
(168,530)
(101,187)

Net current liabilities
  
 
 
(69,908)
 
 
(11,523)

Total assets less current liabilities
  
(69,908)
109,919

Creditors: amounts falling due after more than one year
 9 
-
(141,000)

  

Net liabilities
  
(69,908)
(31,081)


  

Capital and reserves
  
(69,908)
(31,081)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 March 2025.




A T Hooper
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
YELLOW PANDA PUB CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Yellow Panda Pub Co Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 09477732 and its registered address is 30 Brookville Road, London, SW6 7BJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future. The Directors have considered the Company’s financial position, projected cash flows, and available funding sources in assessing its ability to continue as a going concern.

 
2.3

Turnover

Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

 
2.4

Interest income

Interest income is recognised in the income statement using the effective interest method.

Page 3

 
YELLOW PANDA PUB CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined benefit pension plan

The Company operates a defined benefit plan for certain employees. A defined benefit plan defines the pension benefit that the employee will receive on retirement, usually dependent upon several factors including but not limited to age, length of service and remuneration. A defined benefit plan is a pension plan that is not a defined contribution plan.

The liability recognised in the Statement of Financial Position in respect of the defined benefit plan is the present value of the defined benefit obligation at the end of the reporting date less the fair value of plan assets at the reporting date (if any) out of which the obligations are to be settled.

The fair value of plan assets is measured in accordance with the FRS102 fair value hierarchy and in accordance with the Company's policy for similarly held assets. This includes the use of appropriate valuation techniques.

The cost of the defined benefit plan, recognised in the income statement as employee costs, except where included in the cost of an asset, comprises:

a) the increase in net pension benefit liability arising from employee service during the period; and

b) the cost of plan introductions, benefit changes, curtailments and settlements.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is recognised in the income statement as a 'finance expense'.

 
2.6

Taxation

Tax is recognised in the income statement except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
YELLOW PANDA PUB CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
6%
Plant and machinery
-
10%

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in the income statement.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the income statement.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 10).

Page 5

 
YELLOW PANDA PUB CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 April 2023
179,225
108,230
287,455



At 31 March 2024

179,225
108,230
287,455



Depreciation


At 1 April 2023
88,483
77,529
166,012


Charge for the year
10,268
10,823
21,091


Disposals
80,474
19,878
100,352



At 31 March 2024

179,225
108,230
287,455



Net book value



At 31 March 2024
-
-
-



At 31 March 2023
90,742
30,700
121,442


5.


Stocks

2024
2023
£
£

Stocks
-
4,385

-
4,385



6.


Debtors

2024
2023
£
£


Other debtors
-
37,538

Prepayments and accrued income
97,005
21,503

97,005
59,041


Page 6

 
YELLOW PANDA PUB CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,617
26,239

1,617
26,239



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
676
13,029

Other taxation and social security
2,541
18,187

Other creditors
162,163
64,241

Accruals and deferred income
3,150
5,730

168,530
101,187



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
-
141,000

-
141,000



10.


Related party transactions

ncluded within the Other Creditors, a sum of £Nil (2023: £141,000) is owed to Mr J Hooper, a connected party related to the director Mrs A Hooper. This loan balance is unsecured, not subject to interest, and payable on demand.


11.


Controlling party

Mr John Hooper is the ultimate controlling party by virtue of his shareholdings in the company.
 
Page 7