IRIS Accounts Production v25.1.0.734 09208882 Board of Directors 1.10.23 30.9.24 30.9.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092088822023-09-30092088822024-09-30092088822023-10-012024-09-30092088822022-09-30092088822022-10-012023-09-30092088822023-09-3009208882ns15:EnglandWales2023-10-012024-09-3009208882ns14:PoundSterling2023-10-012024-09-3009208882ns10:Director12023-10-012024-09-3009208882ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3009208882ns10:SmallEntities2023-10-012024-09-3009208882ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3009208882ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3009208882ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3009208882ns10:FullAccounts2023-10-012024-09-3009208882ns10:Director22023-10-012024-09-3009208882ns10:RegisteredOffice2023-10-012024-09-3009208882ns5:CurrentFinancialInstruments2024-09-3009208882ns5:CurrentFinancialInstruments2023-09-3009208882ns5:Non-currentFinancialInstruments2024-09-3009208882ns5:Non-currentFinancialInstruments2023-09-3009208882ns5:ShareCapital2024-09-3009208882ns5:ShareCapital2023-09-3009208882ns5:RetainedEarningsAccumulatedLosses2024-09-3009208882ns5:RetainedEarningsAccumulatedLosses2023-09-3009208882ns5:PlantMachinery2023-10-012024-09-3009208882ns5:FurnitureFittings2023-10-012024-09-3009208882ns5:MotorVehicles2023-10-012024-09-3009208882ns5:ComputerEquipment2023-10-012024-09-3009208882ns5:LandBuildingsns5:ShortLeaseholdAssets2023-09-3009208882ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-3009208882ns5:PlantMachinery2023-09-3009208882ns5:LandBuildingsns5:ShortLeaseholdAssets2023-10-012024-09-3009208882ns5:LongLeaseholdAssetsns5:LandBuildings2023-10-012024-09-3009208882ns5:LandBuildingsns5:ShortLeaseholdAssets2024-09-3009208882ns5:LongLeaseholdAssetsns5:LandBuildings2024-09-3009208882ns5:PlantMachinery2024-09-3009208882ns5:LandBuildingsns5:ShortLeaseholdAssets2023-09-3009208882ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-3009208882ns5:PlantMachinery2023-09-3009208882ns5:FurnitureFittings2023-09-3009208882ns5:MotorVehicles2023-09-3009208882ns5:ComputerEquipment2023-09-3009208882ns5:FurnitureFittings2024-09-3009208882ns5:MotorVehicles2024-09-3009208882ns5:ComputerEquipment2024-09-3009208882ns5:FurnitureFittings2023-09-3009208882ns5:MotorVehicles2023-09-3009208882ns5:ComputerEquipment2023-09-3009208882ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-3009208882ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3009208882ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-09-3009208882ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-3009208882ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3009208882ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3009208882ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-09-3009208882ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-3009208882ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-09-3009208882ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-09-3009208882ns5:Secured2024-09-3009208882ns5:Secured2023-09-3009208882ns10:Director222023-09-3009208882ns10:Director222022-09-3009208882ns10:Director222023-10-012024-09-3009208882ns10:Director222022-10-012023-09-3009208882ns10:Director222024-09-3009208882ns10:Director222023-09-30092088821ns10:Director12023-09-30092088821ns10:Director12022-09-30092088821ns10:Director12023-10-012024-09-30092088821ns10:Director12022-10-012023-09-30092088821ns10:Director12024-09-30092088821ns10:Director12023-09-30
REGISTERED NUMBER: 09208882 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

EAST STREET PUB COMPANY LTD

EAST STREET PUB COMPANY LTD (REGISTERED NUMBER: 09208882)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAST STREET PUB COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr S Narvidge
Mrs A M Narvidge



REGISTERED OFFICE: Hyde Dendy
18 Esplanade Road
Paignton
Devon
TQ4 6BD



REGISTERED NUMBER: 09208882 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: NatWest
48 Courtenay Street
Newton Abbot
Devon
TQ12 2EE

EAST STREET PUB COMPANY LTD (REGISTERED NUMBER: 09208882)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,203,481 1,035,743

CURRENT ASSETS
Stocks 5 212,322 130,342
Debtors 6 546,680 312,074
Cash at bank and in hand 951,267 480,239
1,710,269 922,655
CREDITORS
Amounts falling due within one year 7 949,312 575,732
NET CURRENT ASSETS 760,957 346,923
TOTAL ASSETS LESS CURRENT LIABILITIES 1,964,438 1,382,666

CREDITORS
Amounts falling due after more than one
year

8

(263,933

)

(155,003

)

PROVISIONS FOR LIABILITIES (233,363 ) (145,486 )
NET ASSETS 1,467,142 1,082,177

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,467,140 1,082,175
SHAREHOLDERS' FUNDS 1,467,142 1,082,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

EAST STREET PUB COMPANY LTD (REGISTERED NUMBER: 09208882)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:





Mrs A M Narvidge - Director


EAST STREET PUB COMPANY LTD (REGISTERED NUMBER: 09208882)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

East Street Pub Company Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents cash sales, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Fixed assets are depreciated pro rata in the year of acquisition from 1 October 2018.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

EAST STREET PUB COMPANY LTD (REGISTERED NUMBER: 09208882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 NIL (2023 - 250 ).

4. TANGIBLE FIXED ASSETS
Short Long Plant and
leasehold leasehold machinery
£    £    £   
COST
At 1 October 2023 14,606 255,423 213,647
Additions - - -
Disposals - - -
At 30 September 2024 14,606 255,423 213,647
DEPRECIATION
At 1 October 2023 - - 75,894
Charge for year - - 20,663
Eliminated on disposal - - -
At 30 September 2024 - - 96,557
NET BOOK VALUE
At 30 September 2024 14,606 255,423 117,090
At 30 September 2023 14,606 255,423 137,753

EAST STREET PUB COMPANY LTD (REGISTERED NUMBER: 09208882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 699,317 216,720 4,977 1,404,690
Additions 324,081 40,833 5,387 370,301
Disposals - (33,475 ) - (33,475 )
At 30 September 2024 1,023,398 224,078 10,364 1,741,516
DEPRECIATION
At 1 October 2023 200,873 88,268 3,912 368,947
Charge for year 123,378 37,675 2,260 183,976
Eliminated on disposal - (14,888 ) - (14,888 )
At 30 September 2024 324,251 111,055 6,172 538,035
NET BOOK VALUE
At 30 September 2024 699,147 113,023 4,192 1,203,481
At 30 September 2023 498,444 128,452 1,065 1,035,743

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023
and 30 September 2024 26,376
DEPRECIATION
At 1 October 2023 15,249
Charge for year 2,782
At 30 September 2024 18,031
NET BOOK VALUE
At 30 September 2024 8,345
At 30 September 2023 11,127

5. STOCKS
2024 2023
£    £   
Stocks 212,322 130,342

EAST STREET PUB COMPANY LTD (REGISTERED NUMBER: 09208882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 479,826 233,395
Other debtors 52,429 73,697
Prepayments 14,425 4,982
546,680 312,074

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 144,969 32,568
Other loans - 12,500
Hire purchase contracts 12,059 3,335
Trade creditors 118,997 195,050
Tax 116,672 11,692
Social security and other taxes 37,735 28,555
VAT 329,772 222,456
Other creditors 150,812 -
Directors' current accounts 38,296 69,576
949,312 575,732

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 174,056 86,228
Bank loans more 5 yr by instal 89,877 56,716
Hire purchase contracts - 12,059
263,933 155,003

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 89,877 56,716

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 408,902 175,512

10. OTHER FINANCIAL COMMITMENTS

At 30 September 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £1,062,306 (2023 - £959,999).

EAST STREET PUB COMPANY LTD (REGISTERED NUMBER: 09208882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr S Narvidge
Balance outstanding at start of year (34,788 ) (110,122 )
Amounts advanced 49,120 112,441
Amounts repaid (33,480 ) (37,107 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (19,148 ) (34,788 )

Mrs A M Narvidge
Balance outstanding at start of year (34,788 ) (110,123 )
Amounts advanced 49,120 112,442
Amounts repaid (33,480 ) (37,107 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (19,148 ) (34,788 )

Loans are unsecured, interest free and repayable on demand.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £62,200 (2023 - £60,000) were paid to the directors .

During the period the company lent to East Street Property Company Ltd, a company Mrs and Mrs Narvidge, Directors, are also Directors of, an amount of £246,431 (2023 £233,395). The amount owing to the company relating to this loan at the period end was £479,826 (2023: £233,395). The loan is unsecured, interest free and repayable on demand.

13. BOUNCE BACK LOAN

The company is liable for a bounce back loan which at the year end had a balance of £17,360 (2023: £27,414) which is guaranteed by the government.