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REGISTERED NUMBER: SC079936 (Scotland)












Financial Statements

for the Year Ended 30 September 2024

for

Suburban Taverns Limited

Suburban Taverns Limited (Registered number: SC079936)






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


Suburban Taverns Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr M A Reilly
Mrs M E Reilly
Miss Y Reilly
Mr P A Reilly
Mrs E F McTaggart
Mrs G Reilly





SECRETARY: Mrs M E Reilly





REGISTERED OFFICE: 1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC079936 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Suburban Taverns Limited (Registered number: SC079936)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Property, plant and equipment 4 2,809,844 2,742,490
Investments 5 1 1
2,809,845 2,742,491

CURRENT ASSETS
Inventories 6 69,484 72,406
Debtors 7 301,344 512,708
Cash at bank and in hand 480,798 275,645
851,626 860,759
CREDITORS
Amounts falling due within one year 8 339,179 313,936
NET CURRENT ASSETS 512,447 546,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,322,292

3,289,314

PROVISIONS FOR LIABILITIES 112,973 137,201
NET ASSETS 3,209,319 3,152,113

CAPITAL AND RESERVES
Called up share capital 41,000 41,000
Revaluation reserve 9 745,630 737,894
Retained earnings 2,422,689 2,373,219
SHAREHOLDERS' FUNDS 3,209,319 3,152,113

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.

Suburban Taverns Limited (Registered number: SC079936)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:




Mr M A Reilly - Director



Mrs M E Reilly - Director


Suburban Taverns Limited (Registered number: SC079936)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. 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.

Going concern
The directors continue to be satisfied that the company has adequate resources to continue in operation for the next 12 months. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial statements.

Revenue
Turnover represents the amounts derived from the sales of goods from public houses and wholesale goods, excluding value added tax and trade discounts.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Financial instruments
All interest-bearing loans and borrowings which are basic financial instruments are recognised at the present value of cash payable to the bank (including interest).

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Suburban Taverns Limited (Registered number: SC079936)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

1. ACCOUNTING POLICIES - continued
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.

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.

Short term debtors
Debtors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2023 - 70 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 200,000
AMORTISATION
At 1 October 2023
and 30 September 2024 200,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Suburban Taverns Limited (Registered number: SC079936)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 2,727,766 1,642,409 124,643 11,584 4,506,402
Additions 145,000 - 77,041 - 222,041
Disposals - - (31,137 ) - (31,137 )
At 30 September 2024 2,872,766 1,642,409 170,547 11,584 4,697,306
DEPRECIATION
At 1 October 2023 458,399 1,229,679 65,431 10,403 1,763,912
Charge for year 54,554 61,910 26,160 295 142,919
Eliminated on disposal - - (19,369 ) - (19,369 )
At 30 September 2024 512,953 1,291,589 72,222 10,698 1,887,462
NET BOOK VALUE
At 30 September 2024 2,359,813 350,820 98,325 886 2,809,844
At 30 September 2023 2,269,367 412,730 59,212 1,181 2,742,490

The directors consider the value of the company's properties at the balance sheet date to be reasonable.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 1
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

6. INVENTORIES
2024 2023
£    £   
Stocks 69,484 72,406

Suburban Taverns Limited (Registered number: SC079936)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 299,999 444,999
Other debtors 1,345 67,709
301,344 512,708

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 73,741 88,813
Taxation and social security 134,221 129,154
Other creditors 131,217 95,969
339,179 313,936

9. RESERVES
Revaluation
reserve
£   
At 1 October 2023 737,894
Transfer of reserves (10,720 )
Deferred tax movement 18,456

At 30 September 2024 745,630