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Registered number: 10389869










URBAN VILLAGE PUB COMPANY LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE 53 WEEKS ENDED 29 MARCH 2025

 
URBAN VILLAGE PUB COMPANY LIMITED
REGISTERED NUMBER: 10389869

BALANCE SHEET
AS AT 29 MARCH 2025

29 March
23 March
2025
2024
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
4,158,948
4,230,051

  
4,158,948
4,230,051

Current assets
  

Stocks
 5 
34,221
41,017

Debtors: amounts falling due after more than one year
 6 
14,500
14,500

Debtors: amounts falling due within one year
 6 
123,661
81,617

Cash at bank and in hand
 7 
491,322
646,395

  
663,704
783,529

Current liabilities
  

Creditors: amounts falling due within one year
 8 
(517,047)
(1,402,130)

Net current assets/(liabilities)
  
 
 
146,657
 
 
(618,601)

Total assets less current liabilities
  
4,305,605
3,611,450

Creditors: amounts falling due after more than one year
 9 
(648,515)
-

Net assets
  
3,657,090
3,611,450


Capital and reserves
  

Called up share capital 
 11 
82,906
82,906

Share premium account
 12 
4,476,807
4,476,807

Profit and loss account
 12 
(902,623)
(948,263)

  
3,657,090
3,611,450


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 August 2025.


G J Drew
Director

The notes on pages 3 to 10 form part of these financial statements.
Page 1

 
URBAN VILLAGE PUB COMPANY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE 53 WEEKS ENDED 29 MARCH 2025


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 March 2023
82,906
4,476,807
(994,735)
3,564,978


Comprehensive income for the period

Profit for the period
-
-
46,472
46,472
Total comprehensive income for the period
-
-
46,472
46,472



At 24 March 2024
82,906
4,476,807
(948,263)
3,611,450


Comprehensive income for the 53 weeks

Profit for the 53 weeks
-
-
45,640
45,640
Total comprehensive income for the 53 weeks
-
-
45,640
45,640


At 29 March 2025
82,906
4,476,807
(902,623)
3,657,090


The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
URBAN VILLAGE PUB COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 53 WEEKS ENDED 29 MARCH 2025

1.


General information

Urban Village Pub Company Limited is a company limited by shares incorporated within the United Kingdom. The address of the registered office is 59 Longlands Lane, Findern, Derbyshire DE65 6AH. The principal activity of the company is the operation of public houses.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentational currency is £ sterling.
The financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered the appropriateness of the going concern basis of the preparation of the financial statements by considering a period of at least 12 months from the date of the approval of these financial statements. Following a review of forecasts and anticipated future performance of the Company, the directors are of the opinion that there will be adequate resources available for the Company to continue trading for a period of at least 12 months and continue operating as a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue in respect of food and drink sales is recognised at the point at which the goods are provided, net of any discounts or rebates.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
URBAN VILLAGE PUB COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 53 WEEKS ENDED 29 MARCH 2025

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the 53 weeks in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Long-term leasehold property
-
Over the life of the lease
Fixtures and fittings
-
6.67% - 20% straight line
Office equipment
-
12.5% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
URBAN VILLAGE PUB COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 53 WEEKS ENDED 29 MARCH 2025

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is calculated using the first-in, first our formula. Provision is made for damaged and obsolete stock where appropriate.

 
2.11

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the 53 weeks was 46 (2024 - 57).

Page 5

 
URBAN VILLAGE PUB COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 53 WEEKS ENDED 29 MARCH 2025

4.


Tangible fixed assets







Freehold property
Long-term leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost


At 24 March 2024
4,058,413
361,988
807,293
25,844
5,253,538


Additions
37,789
15,214
78,090
4,685
135,778


Disposals
(43,615)
-
(19,620)
(426)
(63,661)



At 29 March 2025

4,052,587
377,202
865,763
30,103
5,325,655



Depreciation


At 24 March 2024
565,939
154,329
284,622
18,597
1,023,487


Charge for the 53 weeks on owned assets
80,817
26,663
96,312
3,089
206,881


Disposals
(43,615)
-
(19,620)
(426)
(63,661)



At 29 March 2025

603,141
180,992
361,314
21,260
1,166,707



Net book value



At 29 March 2025
3,449,446
196,210
504,449
8,843
4,158,948



At 23 March 2024
3,492,474
207,659
522,671
7,247
4,230,051


5.


Stocks

29 March
23 March
2025
2024
£
£

Food and drink stocks
34,221
41,017


Page 6

 
URBAN VILLAGE PUB COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 53 WEEKS ENDED 29 MARCH 2025

6.


Debtors

29 March
23 March
2025
2024
£
£

Due after more than one year

Other debtors
14,500
14,500


29 March
23 March
2025
2024
£
£

Due within one year

Trade debtors
12,184
285

Other debtors
7,104
36,310

Prepayments and accrued income
104,373
45,022

123,661
81,617



7.


Cash and cash equivalents

29 March
23 March
2025
2024
£
£

Cash at bank and in hand
491,322
646,395



8.


Creditors: Amounts falling due within one year

29 March
23 March
2025
2024
£
£

Bank loans (see note 10)
37,022
1,002,849

Trade creditors
177,586
124,306

Other taxation and social security
97,994
74,105

Other creditors
17,742
67,222

Accruals and deferred income
186,703
133,648

517,047
1,402,130


Page 7

 
URBAN VILLAGE PUB COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 53 WEEKS ENDED 29 MARCH 2025

9.


Creditors: Amounts falling due after more than one year

29 March
23 March
2025
2024
£
£

Bank loans (see note 10)
648,515
-



10.


Loans


Analysis of the maturity of loans is given below:


29 March
23 March
2025
2024
£
£

Amounts falling due within one year

Bank loans
37,022
1,002,849

Amounts falling due 1-2 years

Bank loans
40,218
-

Amounts falling due 2-5 years

Bank loans
142,718
-

Amounts falling due after more than 5 years

Bank loans
465,579
-

685,537
1,002,849


A bank loan of £685k attracts interest at 3.3% above base rate and is repayable in installments. The principal amount is due to be repaid in Sep-36. The bank loan is secured over the freehold land and buildings held by the Company.
Bank loans held in the previous year attracted interest at 7.25% per annum and were repaid in full on maturity in Oct-24. 

11.


Share capital

29 March
23 March
2025
2024
£
£
Allotted, called up and fully paid



8,620 (2024 - 8,620) Ordinary shares of £1.00 each
8,620
8,620
24,197 (2024 - 24,197) A Ordinary shares of £1.00 each
24,197
24,197
5,008,853 (2024 - 5,008,853) B Ordinary shares of £0.01 each
50,089
50,089

82,906

82,906

Page 8

 
URBAN VILLAGE PUB COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 53 WEEKS ENDED 29 MARCH 2025

11.Share capital (continued)

Ordinary shares have full voting rights, rights to dividends and capital distributions, including on winding up.
A Ordinary shares have full voting rights, rights to dividends and capital distributions, including on winding up but have no rights of redemption.
B Ordinary shares have rights to dividends and capital distributions, including on winding up but have no rights of redemption. The B Ordinary shares have no voting rights.



12.


Reserves

Share premium account

The share premium account represents the premium arising on the issue of shares net of issue costs and
is not distributable.

Profit and loss account

The profit and loss account represents cumulative profits and losses and there are no restriction on distribution.


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £18,304 (2024 - £16,843). Contributions totalling £6,793 (2024 - £6,976) were payable to the fund at the balance sheet date and are included in creditors.

Page 9

 
URBAN VILLAGE PUB COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 53 WEEKS ENDED 29 MARCH 2025

14.


Related party transactions

There is not considered to be any key management personnel outside of the directors.
The following related party transactions occurred during the year:
Rockpool Investment Nominee Limited - majority shareholder
The Company incurred management charges of £97,800 (2024: £97,800) during the period. At the period end the Company owed £nil (2024: £9,780) which is included in trade creditors.
Flagstone Inns Limited - company with directors in common
The Company incurred management charges of £125,000 (2024: £125,600) during the period. At the period end the Company owed £5,728 (2024: £nil) which is included in trade creditors.
Danimon Limited - company with directors in common
The Company paid director fees of £22,988 (2024: £23,878) during the period to the Company with a director in common. At the period end the Company owed £nil (2023: £nil).
Gavin Drew - Director and shareholder
At the period end the Company owed the Director £883 (2024: £2,374) for expenses incurred on the Company's behalf, which is included in trade creditors.
Ian Grundy - Director and shareholder
At the period end the Company owed the Director £7,332 (2024: £nil) for expenses incurred on the Company's behalf, which is included in trade creditors.
Suburban Village Pub Company Limited - company with directors in common
At the period end the Company owed £10,762 (2024: £nil) which is included in other creditors.
Metropolitan Village Pub Company Limited - company with directors in common
At the period end the Company was owed £86 (2024: £nil) which is included in other debtors.


15.


Controlling party

The ultimate controlling party is Rockpool Investments Nominee Limited. No one party is considered to control Rockpool Investments Nominee Limited.

16.


Auditors' information

The auditors' report on the financial statements for the 53 weeks ended 29 March 2025 was unqualified.

The audit report was signed on 19 August 2025 by James Delve (Senior Statutory Auditor) on behalf of PKF Smith Cooper Audit Limited.

Page 10