Silverfin false false 30/06/2024 03/07/2023 30/06/2024 Mr N Simeone 07/09/2018 28 March 2025 The principal activity of the company is that of property rental. SC607559 2024-06-30 SC607559 bus:Director1 2024-06-30 SC607559 2023-07-02 SC607559 core:CurrentFinancialInstruments 2024-06-30 SC607559 core:CurrentFinancialInstruments 2023-07-02 SC607559 core:Non-currentFinancialInstruments 2024-06-30 SC607559 core:Non-currentFinancialInstruments 2023-07-02 SC607559 core:ShareCapital 2024-06-30 SC607559 core:ShareCapital 2023-07-02 SC607559 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC607559 core:RetainedEarningsAccumulatedLosses 2023-07-02 SC607559 core:LeaseholdImprovements 2023-07-02 SC607559 core:PlantMachinery 2023-07-02 SC607559 core:OfficeEquipment 2023-07-02 SC607559 core:LeaseholdImprovements 2024-06-30 SC607559 core:PlantMachinery 2024-06-30 SC607559 core:OfficeEquipment 2024-06-30 SC607559 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-06-30 SC607559 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-07-02 SC607559 core:ImmediateParent core:CurrentFinancialInstruments 2024-06-30 SC607559 core:ImmediateParent core:CurrentFinancialInstruments 2023-07-02 SC607559 bus:OrdinaryShareClass1 2024-06-30 SC607559 2023-07-03 2024-06-30 SC607559 bus:FilletedAccounts 2023-07-03 2024-06-30 SC607559 bus:SmallEntities 2023-07-03 2024-06-30 SC607559 bus:AuditExemptWithAccountantsReport 2023-07-03 2024-06-30 SC607559 bus:PrivateLimitedCompanyLtd 2023-07-03 2024-06-30 SC607559 bus:Director1 2023-07-03 2024-06-30 SC607559 core:LeaseholdImprovements core:TopRangeValue 2023-07-03 2024-06-30 SC607559 core:PlantMachinery 2023-07-03 2024-06-30 SC607559 core:OfficeEquipment 2023-07-03 2024-06-30 SC607559 2022-07-04 2023-07-02 SC607559 core:LeaseholdImprovements 2023-07-03 2024-06-30 SC607559 core:Non-currentFinancialInstruments 2023-07-03 2024-06-30 SC607559 bus:OrdinaryShareClass1 2023-07-03 2024-06-30 SC607559 bus:OrdinaryShareClass1 2022-07-04 2023-07-02 SC607559 1 2023-07-03 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC607559 (Scotland)

GWR (PUBLIC HOUSE) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 03 JULY 2023 TO 30 JUNE 2024
PAGES FOR FILING WITH THE REGISTRAR

GWR (PUBLIC HOUSE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 03 JULY 2023 TO 30 JUNE 2024

Contents

GWR (PUBLIC HOUSE) LIMITED

BALANCE SHEET

AS AT 30 JUNE 2024
GWR (PUBLIC HOUSE) LIMITED

BALANCE SHEET (continued)

AS AT 30 JUNE 2024
Note 30.06.2024 02.07.2023
£ £
Fixed assets
Tangible assets 3 174,906 245,866
174,906 245,866
Current assets
Debtors 4 120,134 26,409
Cash at bank and in hand 5 0 31
120,134 26,440
Creditors: amounts falling due within one year 6 ( 708,880) ( 602,967)
Net current liabilities (588,746) (576,527)
Total assets less current liabilities (413,840) (330,661)
Creditors: amounts falling due after more than one year 7 ( 9,167) ( 19,167)
Net liabilities ( 423,007) ( 349,828)
Capital and reserves
Called-up share capital 8 1 1
Profit and loss account ( 423,008 ) ( 349,829 )
Total shareholder's deficit ( 423,007) ( 349,828)

For the financial period ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of GWR (Public House) Limited (registered number: SC607559) were approved and authorised for issue by the Director on 28 March 2025. They were signed on its behalf by:

Mr N Simeone
Director
GWR (PUBLIC HOUSE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 03 JULY 2023 TO 30 JUNE 2024
GWR (PUBLIC HOUSE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 03 JULY 2023 TO 30 JUNE 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

GWR (Public House) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Johnston Carmichael, 227 West George Street, Glasgow, G2 2ND, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

These financial statements cover the period from 3 July 2023 to 30 June 2024. The period ended 30 June 2024 was a 52 week period.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 10 years straight line
Plant and machinery 20 % reducing balance
Office equipment 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Impairment of assets

Assets are assessed for indicators of impairment as each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss account when identified

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors,are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

Period from
03.07.2023 to
30.06.2024
Period from
04.07.2022 to
02.07.2023
Number Number
Monthly average number of persons employed by the Company during the period, including the director 1 1

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Office equipment Total
£ £ £ £
Cost
At 03 July 2023 358,328 118,530 7,501 484,359
At 30 June 2024 358,328 118,530 7,501 484,359
Accumulated depreciation
At 03 July 2023 147,589 83,403 7,501 238,493
Charge for the financial period 35,833 35,127 0 70,960
At 30 June 2024 183,422 118,530 7,501 309,453
Net book value
At 30 June 2024 174,906 0 0 174,906
At 02 July 2023 210,739 35,127 0 245,866

4. Debtors

30.06.2024 02.07.2023
£ £
Trade debtors 0 7,500
Amounts owed by related parties 120,134 0
Other debtors 0 18,909
120,134 26,409

5. Cash and cash equivalents

30.06.2024 02.07.2023
£ £
Cash at bank and in hand 0 31

6. Creditors: amounts falling due within one year

30.06.2024 02.07.2023
£ £
Bank loans 10,000 10,000
Trade creditors 0 50,079
Amounts owed to Parent undertakings 271,587 155,689
Amounts owed to related parties 416,974 375,056
Other taxation and social security 5,676 0
Other creditors 4,643 12,143
708,880 602,967

7. Creditors: amounts falling due after more than one year

30.06.2024 02.07.2023
£ £
Bank loans 9,167 19,167

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

30.06.2024 02.07.2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

9. Related party transactions

Other related party transactions

30.06.2024 02.07.2023
£ £
Owed to related parties 296,840 361,322
Owed to group undertaking 271,587 155,689

10. Ultimate controlling party

The ultimate controlling party of GWR (Public House Ltd is the director of GWR (Holding Company) Ltd (SC607557).

The registered office of GWR (Holding Company) Ltd is 227 West George Street, Glasgow, Scotland, G2 2ND