2023-07-012024-03-312024-03-31false05790845The Little Pub Company 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The Little Pub Company Ltd

Registered Number
05790845
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

The Little Pub Company Ltd
Company Information
for the period from 1 July 2023 to 31 March 2024

Directors

John George Huetson
Jane Lesley Huetson

Company Secretary

John George Huetson

Registered Address

2 Dukes Court
Bognor Road
Chichester
PO19 8FX

Registered Number

05790845 (England and Wales)
The Little Pub Company Ltd
Balance Sheet as at
31 March 2024

Notes

31 Mar 2024

30 Jun 2023

£

£

£

£

Fixed assets
Tangible assets3116,008121,572
116,008121,572
Current assets
Stocks12,50012,500
Debtors54,28442,562
Cash at bank and on hand22,89643,469
89,68098,531
Creditors amounts falling due within one year(125,198)(124,302)
Net current assets (liabilities)(35,518)(25,771)
Total assets less current liabilities80,49095,801
Creditors amounts falling due after one year(20,500)(23,052)
Provisions for liabilities(1,010)(1,539)
Net assets58,98071,210
Capital and reserves
Called up share capital100100
Profit and loss account58,88071,110
Shareholders' funds58,98071,210
The financial statements were approved and authorised for issue by the Board of Directors on 25 March 2025, and are signed on its behalf by:
John George Huetson
Director
Registered Company No. 05790845
The Little Pub Company Ltd
Notes to the Financial Statements
for the period ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Land and buildings15
Fixtures and fittings5
Office Equipment3
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees

20242023
Average number of employees during the year1821
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 23229,176
Additions686
At 31 March 24229,862
Depreciation and impairment
At 01 July 23107,604
Charge for year6,250
At 31 March 24113,854
Net book value
At 31 March 24116,008
At 30 June 23121,572
4.Operating lease commitments
At 31/03/2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £420,414 (2023 – £466,018).
5.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
John George Huetson6,23310,0798,1448,168
Jane Lesley Huetson6,23410,0798,1468,167
12,46720,15816,29016,335
Interest has been charged using official HMRC rates.