2023-11-01 2024-10-31 false Capium Accounts Production 1.1 09247674 2023-11-01 2024-10-31 09247674 bus:FullAccounts 2023-11-01 2024-10-31 09247674 bus:FRS102 2023-11-01 2024-10-31 09247674 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 09247674 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09247674 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09247674 2023-11-01 2024-10-31 09247674 2024-10-31 09247674 bus:RegisteredOffice 2023-11-01 2024-10-31 09247674 core:WithinOneYear 2024-10-31 09247674 core:AfterOneYear 2024-10-31 09247674 1 2023-11-01 2024-10-31 09247674 bus:Director1 2023-11-01 2024-10-31 09247674 bus:Director1 2024-10-31 09247674 bus:Director1 2022-11-01 2023-10-31 09247674 2022-11-01 09247674 bus:LeadAgentIfApplicable 2023-11-01 2024-10-31 09247674 2022-11-01 2023-10-31 09247674 2023-10-31 09247674 core:WithinOneYear 2023-10-31 09247674 core:AfterOneYear 2023-10-31 09247674 bus:EntityAccountantsOrAuditors 2022-11-01 2023-10-31 09247674 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 09247674 bus:OrdinaryShareClass1 2024-10-31 09247674 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 09247674 bus:OrdinaryShareClass1 2023-10-31 09247674 bus:PreferenceShareClass1 2023-11-01 2024-10-31 09247674 bus:PreferenceShareClass1 2024-10-31 09247674 bus:PreferenceShareClass1 2022-11-01 2023-10-31 09247674 bus:PreferenceShareClass1 2023-10-31 09247674 core:LandBuildings 2023-11-01 2024-10-31 09247674 core:LandBuildings 2024-10-31 09247674 core:LandBuildings 2023-10-31 09247674 core:FurnitureFittings 2023-11-01 2024-10-31 09247674 core:FurnitureFittings 2024-10-31 09247674 core:FurnitureFittings 2023-10-31 09247674 core:ComputerEquipment 2023-11-01 2024-10-31 09247674 core:ComputerEquipment 2024-10-31 09247674 core:ComputerEquipment 2023-10-31 09247674 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-10-31 09247674 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-10-31 09247674 core:CostValuation core:Non-currentFinancialInstruments 2024-10-31 09247674 core:CostValuation core:Non-currentFinancialInstruments 2023-10-31 09247674 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-10-31 09247674 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-10-31 09247674 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-10-31 09247674 core:Non-currentFinancialInstruments 2024-10-31 09247674 core:Non-currentFinancialInstruments 2023-10-31 09247674 core:ShareCapital 2024-10-31 09247674 core:ShareCapital 2023-10-31 09247674 core:RetainedEarningsAccumulatedLosses 2024-10-31 09247674 core:RetainedEarningsAccumulatedLosses 2023-10-31 09247674 dpl:Item1 2023-11-01 09247674 dpl:Item1 2024-10-31 09247674 dpl:Item1 2022-11-01 09247674 dpl:Item1 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 09247674
England and Wales

 

 

 


Unaudited Financial Statements


for the year ended 31 October 2024

for

AG PUBS LTD

Director Glynn Michael Hopkin
Registered Number 09247674
Registered Office 29 High Street
Avening
Tetbury
Gloucestershire
GL8 8NF
Accountants Taylorhobbs Limited
Cherry Trees Barn
Walcot Lane
Pershore
WR10 2AL
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 October 2024.
Principal activities
Principal activity of the company during the financial year was of a public house.
Director
The director who served the company throughout the year was as follows:
Glynn Michael Hopkin
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Glynn Michael Hopkin
Director

Date approved: 21 June 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 18,421    16,151 
18,421    16,151 
Current assets      
Stocks 4 5,485    4,939 
Debtors 5 10,444    14,382 
Cash at bank and in hand 8,542    29,428 
24,471    48,749 
Creditors: amount falling due within one year 6 (18,005)   (35,830)
Net current assets 6,466    12,919 
 
Total assets less current liabilities 24,887    29,070 
Creditors: amount falling due after more than one year 7 (583)   (1,583)
Provisions for liabilities 8 (1,917)   (839)
Net assets 22,387    26,648 
 

Capital and reserves
     
Called up share capital 9 2    2 
Profit and loss account 22,385    26,646 
Shareholders' funds 22,387    26,648 
 


For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 21 June 2025 and were signed by:


-------------------------------
Glynn Michael Hopkin
Director
3
General Information
AG Pubs Ltd is a private company, limited by shares, registered in England and Wales, registration number 09247674, registration address 29 High Street, Avening, Tetbury, Gloucestershire, GL8 8NF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion and where the amount of revenue can be measured reliably.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 3 Years Straight Line
Fixtures and Fittings 20% Reducing Balance
Land and Buildings 20 Years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 6 (2023 : 4).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 November 2023 14,521    19,090    1,324    34,935 
Additions   6,284      6,284 
Disposals   (1,579)     (1,579)
At 31 October 2024 14,521    23,795    1,324    39,640 
Depreciation
At 01 November 2023 5,453    12,215    1,116    18,784 
Charge for year 826    2,545    208    3,579 
On disposals   (1,144)     (1,144)
At 31 October 2024 6,279    13,616    1,324    21,219 
Net book values
Closing balance as at 31 October 2024 8,242    10,179      18,421 
Opening balance as at 01 November 2023 9,068    6,875    208    16,151 


4.

Stocks

2024
£
  2023
£
Stocks 5,485    4,939 
5,485    4,939 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments & Accrued Income 1,985    3,221 
Other Debtors 8,459    8,526 
10,444    11,747 

5.

Debtors: amounts falling due after one year

2024
£
  2023
£
Directors' Loan Accounts   2,635 
  2,635 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 7,771    9,094 
Bank Loans & Overdrafts 1,000    1,000 
Corporation Tax 3,637    2,114 
PAYE & Social Security 174    158 
Accrued Expenses 2,533    19,248 
Directors' Current Accounts  
VAT 2,888    4,216 
18,005    35,830 
Creditors: Amounts Falling Due Within One Year
The Company took out a Bounce Back Loan of £25,000 on 8th May 2020, repayable over a six year term with a fixed interest rate of 2.5%.
The Company took an additional amount of £15,000 on 17th March 2021, however repaid the amount of £35,000 on the 23rd April 2021. This is automatically one year with no repayments or interest and the Business Interruption payment of£365, is payable by the government. Included within creditors due within 1 year is an amount of £1,000. Repayments of £83.33 commenced in June 2021. 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 583    1,583 
583    1,583 
Creditors: Amounts Falling After More Than One Year
The Company took out a Bounce Back Loan of £25,000 on 8th May 2020, repayable over a six year term with a fixed interest rate of 2.5%.
The Company took an additional amount of £15,000 on 17th March 2021, however repaid the amount of £35,000 on the 23rd April 2021. This is automatically one year with no repayments or interest and the Business Interruption payment of £365, is payable by the government. Included within creditors due in more than 1 year is an amount of £583. Repayments of £83.33 commenced in June 2021. 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 1,917    839 
1,917    839 

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Ordinary share of £1.00 each  
1 Preference share of £1.00 each  
 

4