Hands on Pub Company Limited Filleted Accounts Cover
Hands on Pub Company Limited
Company No. 04182974
Information for Filing with The Registrar
30 September 2024
Hands on Pub Company Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 September 2024.
Principal activities
The principal activity of the company during the year under review was operating a public house and restaurant.
Directors
The Directors who served at any time during the year were as follows:
Chris R Holmes
Hannah Butler
Linda Kelso
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Linda Kelso
Director
21 March 2025
Hands on Pub Company Limited Balance Sheet Registrar
at
30 September 2024
Company No.
04182974
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
1,186,7731,181,744
1,186,7731,181,744
Current assets
Stocks
5
17,30417,417
Debtors
6
22,1899,341
Cash at bank and in hand
69,32249,860
108,81576,618
Creditors: Amount falling due within one year
7
(123,266)
(179,141)
Net current liabilities
(14,451)
(102,523)
Total assets less current liabilities
1,172,3221,079,221
Creditors: Amounts falling due after more than one year
8
-
(17,637)
Provisions for liabilities
Deferred taxation
(59,100)
(51,400)
Net assets
1,113,2221,010,184
Capital and reserves
Called up share capital
11,11111,111
Share premium account
11
198,889198,889
Profit and loss account
11
903,222800,184
Total equity
1,113,2221,010,184
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit 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 accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 21 March 2025 and signed on its behalf by:
Linda Kelso
Director
21 March 2025
Hands on Pub Company Limited Notes to the Accounts Registrar
for the year ended 30 September 2024
1
General information
Hands on Pub Company Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 04182974
Its registered office is:
The Victoria Hotel,
Dovecote Lane, Beeston
Nottingham
Nottinghamshire
NG9 1JG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
The financial statements have been prepared on the going concern basis. The director is not aware of any material threats to the ability of the company to continue as a going concern for the foreseeable future.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
10% Reducing balance
Motor vehicles
10% Reducing balance
No depreciation is provided on the company’s freehold property since in the opinion of the directors the expected useful life is sufficiently long and the estimated residual value is sufficiently high that any such depreciation would be immaterial. The directors undertake an annual impairment review of the property.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Financial instruments
Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:
(a) The contractual rights to the cash flows from the asset expire or are settled;
(b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or
(c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
3535
4
Tangible fixed assets
Land and buildings
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 October 2023
1,124,272195,870136,9841,457,126
Additions
-2,3249,64911,973
At 30 September 2024
1,124,272198,194146,6331,469,099
Depreciation
At 1 October 2023
-162,260113,122275,382
Charge for the year
-3,5933,3516,944
At 30 September 2024
-165,853116,473282,326
Net book values
At 30 September 2024
1,124,27232,34130,1601,186,773
At 30 September 2023
1,124,272
33,610
23,862
1,181,744
5
Stocks
2024
2023
£
£
Finished goods
17,30417,417
17,30417,417
6
Debtors
2024
2023
£
£
Loans to directors
5,155-
Other debtors
17,0349,341
22,1899,341
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
-49,000
Trade creditors
7,97629,423
Taxes and social security
82,843
62,678
Loans from directors
11,04228,242
Other creditors
-334
Accruals and deferred income
21,4059,464
123,266179,141
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-17,637
-17,637
9
Creditors: secured liabilities
2024
2023
£
£
The aggregate amount of secured liabilities included within creditors
-66,637
10
Share Capital
Share capital consists of 1,111,100 Ordinary Shares of £0.01 each, which are fully paid.
11
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
12
Guarantees and commitments
2024
2023
£
£
Total of guarantees and commitments
18,080-
The company has entered into a non-cancellable operating lease for the hire of equipment. The amount of the commitment outstanding at 30 September 2024 was as shown above.
13
Related party transactions
During the year, the following loans to directors subsisted
The details are as follows:
2024
2023
H Butler
Balance at 1 October 2023
5,000
5,000
Amounts advanced
272
-
Amounts repaid
(117)
-
Balance at 30 September 2024
5,155
5,000
L Kelso
Balance at 1 October 2023
(28,242)
(28,242)
Amounts advanced
19,000
-
Amounts repaid
(1,800)
-
Balance at 30 September 2024
(11,042)
(28,242)
The company paid interest of £1,000 (2023 £1,000) on the loan made to the company by the director L Kelso.
Dividends paid to the directors and associates amounted to £1,000 (2023 £2,700).
14
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
1,000
2,700
1,000
2,700
Dividends by type:
Equity dividends
1,0002,700
1,000
2,700
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