| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 August 2024 |
| for |
| The Pint-Size Pub Co Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 August 2024 |
| for |
| The Pint-Size Pub Co Ltd |
| The Pint-Size Pub Co Ltd (Registered number: 05119468) |
| Contents of the Financial Statements |
| for the Year Ended 31 August 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Certified Accountants' Report | 7 |
| The Pint-Size Pub Co Ltd |
| Company Information |
| for the Year Ended 31 August 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 48 Hucclecote Road |
| Gloucester |
| Gloucestershire |
| GL3 3RS |
| BANKERS: |
| 14 Friar Lane |
| Leicester |
| LE1 5RA |
| The Pint-Size Pub Co Ltd (Registered number: 05119468) |
| Statement of Financial Position |
| 31 August 2024 |
| 31/8/24 | 31/8/23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| The Pint-Size Pub Co Ltd (Registered number: 05119468) |
| Statement of Financial Position - continued |
| 31 August 2024 |
| The financial statements were approved by the director and authorised for issue on |
| The Pint-Size Pub Co Ltd (Registered number: 05119468) |
| Notes to the Financial Statements |
| for the Year Ended 31 August 2024 |
| 1. | STATUTORY INFORMATION |
| The Pint-Size Pub Co Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Freehold property | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| No depreciation has been charged on the freehold property. The director considers the property to have both a high residual value and a long estimated useful life and as such a depreciation charge would be immaterial to the financial statements. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus of deficit arising from changes in fair value is recognised in the Income Statement. |
| 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 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| The Pint-Size Pub Co Ltd (Registered number: 05119468) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Going concern |
| Despite net current liabilities of £232,306 at 31 August 2024 (2023 - £214,979), the accounts have been prepared on a going concern basis. |
| The director has reviewed the future cash flows of the business has expressed his willingness to financially support the company for the foreseeable future. The director therefore considers it appropriate to prepare the financial statements on a going concern basis. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and | Computer |
| property | fittings | equipment | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 September 2023 |
| Additions |
| At 31 August 2024 |
| Depreciation |
| At 1 September 2023 |
| Charge for year |
| At 31 August 2024 |
| Net book value |
| At 31 August 2024 |
| At 31 August 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| Fair value |
| At 1 September 2023 |
| and 31 August 2024 |
| Net book value |
| At 31 August 2024 |
| At 31 August 2023 |
| The Pint-Size Pub Co Ltd (Registered number: 05119468) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2024 |
| 5. | INVESTMENT PROPERTY - continued |
| The director P E Davies has estimated the property value at 31 August 2024 as £135,000 (2023 - £135,000), with reference to the local property market. |
| If investment property had not been revalued it would be included at the historical cost of £114,976 (2023 - £114,976). |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/8/24 | 31/8/23 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/8/24 | 31/8/23 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31/8/24 | 31/8/23 |
| £ | £ |
| Bank loan | - | 27,475 |
| The bank loan was secured by a charge on the freehold property and personal guarantees provided by P A Davies and Mrs A M Davies. |
| 9. | RELATED PARTY DISCLOSURES |
| P E Davies and Mrs A M Davies |
| Director and shareholders |
| During the year, the company paid rent to the director P E Davies and Mrs A M Davies totalling £15,000 (2023 - £15,000). The rent paid is in relation to one of the business premises and is paid at market rate. |
| The director P E Davies and Mrs A M Davies have loaned funds to the company. The loan balance outstanding at 31 August 2024 is £342,776 (2023 - £327,889). This loan, included within other creditors is interest free and although not expected to be repaid within one year is repayable on demand. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company is jointly controlled by the director P E Davies and Mrs A M Davies. |
| Chartered Certified Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| The Pint-Size Pub Co Ltd |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Pint-Size Pub Co Ltd for the year ended 31 August 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
| This report is made solely to the director of The Pint-Size Pub Co Ltd in accordance with the terms of our engagement letter dated 26 May 2023. Our work has been undertaken solely to prepare for your approval the financial statements of The Pint-Size Pub Co Ltd and state those matters that we have agreed to state to the director of The Pint-Size Pub Co Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at |
| https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. |
| To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
| It is your duty to ensure that The Pint-Size Pub Co Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Pint-Size Pub Co Ltd. You consider that The Pint-Size Pub Co Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of The Pint-Size Pub Co Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 48 Hucclecote Road |
| Gloucester |
| Gloucestershire |
| GL3 3RS |
| Date: ............................................. |