Registered number
12403591
FT Pub Company Ltd
Filleted Accounts
For the Year Ended
31 January 2025
FT Pub Company Ltd
Company Information
Director
Miss E M Freeman
Accountants
Bird & Co
183 Main Street
Yaxley
Peterborough
Cambs
PE7 3LD
Registered office
Five Horseshoes Inn
Barholm
Stamford
PE9 4RA
Registered number
12403591
FT Pub Company Ltd
Registered number: 12403591
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 4,000 8,000
Tangible assets 4 6,690 7,720
10,690 15,720
Current assets
Stocks 8,000 8,000
Cash at bank and in hand 55,990 67,131
63,990 75,131
Creditors: amounts falling due within one year 5 (36,322) (63,762)
Net current assets 27,668 11,369
Net assets 38,358 27,089
Capital and reserves
Called up share capital 2 2
Profit and loss account 38,356 27,087
Shareholder's funds 38,358 27,089
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Miss E M Freeman
Director
Approved by the board on 6 June 2025
FT Pub Company Ltd
Notes to the Accounts
for the year ended 31 January 2025
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 from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 15% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
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.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2024 20,000
At 31 January 2025 20,000
Amortisation
At 1 February 2024 12,000
Provided during the year 4,000
At 31 January 2025 16,000
Net book value
At 31 January 2025 4,000
At 31 January 2024 8,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024 12,546
Additions 150
At 31 January 2025 12,696
Depreciation
At 1 February 2024 4,826
Charge for the year 1,180
At 31 January 2025 6,006
Net book value
At 31 January 2025 6,690
At 31 January 2024 7,720
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 4,341 4,843
Taxation and social security costs 30,776 56,772
Other creditors 1,205 2,147
36,322 63,762
6 Other information
FT Pub Company Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Five Horseshoes Inn
Barholm
Stamford
PE9 4RA
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