Registered number
05996213
The Garden Pub Limited
Filleted Accounts
31 May 2024
The Garden Pub Limited
Registered number: 05996213
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 35,429 42,073
Current assets
Stocks 12,320 17,571
Debtors 4 66,220 65,367
Cash at bank and in hand 108,909 72,984
187,449 155,922
Creditors: amounts falling due within one year 5 (217,487) (183,580)
Net current liabilities (30,038) (27,658)
Total assets less current liabilities 5,391 14,415
Creditors: amounts falling due after more than one year 6 (50,000) (92,000)
Net liabilities (44,609) (77,585)
Capital and reserves
Called up share capital 1 1
Profit and loss account (44,610) (77,586)
Shareholders' funds (44,609) (77,585)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T. Helliwell, Esq
Director
Approved by the board on 4 June 2025
The Garden Pub Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 42 30
3 Tangible fixed assets
Land and buildings Furniture, fixtures & equipment Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 118,936 43,638 6,000 168,574
At 31 May 2024 118,936 43,638 6,000 168,574
Depreciation
At 1 June 2023 81,440 42,061 3,000 126,501
Charge for the year 4,355 789 1,500 6,644
At 31 May 2024 85,795 42,850 4,500 133,145
Net book value
At 31 May 2024 33,141 788 1,500 35,429
At 31 May 2023 37,496 1,577 3,000 42,073
4 Debtors 2024 2023
£ £
Landlord deposit 43,432 43,220
Other debtors 22,788 22,147
66,220 65,367
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 42,000 42,000
Trade creditors 78,911 83,404
Amounts owed to related party 58,575 10,728
Taxation and social security costs 27,677 36,406
Other creditors 10,324 11,042
217,487 183,580
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 50,000 92,000
Included in creditors is £998 (2023: £846) owing to the directors. The loan is interest-free and there is no fixed date of repayment. The directors have confirmed that the loan will only be repaid as and when cash flow permits.
7 Going concern
Like many companies in the hospitality sector, the company has only recently recovered from the run-off from the Covid-19 pandemic. Whilst the trading position has improved in the year, the directors are confident that trading will return to pre-pandemic levels. The directors therefore believe that the accounts have been properly prepared on a Going Concern basis, and that no adjustments are necessary to the figures.
8 Related party transactions 2024 2023
£ £
Problem Found Limited
T C Helliwell, Esq is the sole director and shareholder of Problem Found Limited, a company incorporated in England & Wales..
During the year, payments totalling £48,000 were transferred to The Garden Pub Ltd. At the Balance Sheet date, there was the following balance due by the company:
Amount due (to) the related party (58,575) (10,728)
9 Controlling party
The company is controlled by the director, T C Helliwell, Esq, who owns the entire share capital of the company.
10 Other information
The Garden Pub Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
Manor Way
Borehamwood
Hertfordshire
WD6 1QQ
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