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Registered number: 05952320
PUBAFFAIRS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
For the Year Ended 31 October 2024
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PUBAFFAIRS LIMITED
CONTENTS
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Notes to the Financial Statements
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PUBAFFAIRS LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PUBAFFAIRS LIMITED
FOR THE YEAR ENDED 31 OCTOBER 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PubAffairs Limited for the year ended 31 October 2024 which comprise the Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.
This report is made solely to the director of PubAffairs Limited in accordance with the terms of our engagement letter dated 05 May 2021. Our work has been undertaken solely to prepare for your approval the financial statements of PubAffairs Limited and state those matters that we have agreed to state to the director of PubAffairs Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PubAffairs Limited and its director for our work or for this report.
It is your duty to ensure that PubAffairs Limited 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 PubAffairs Limited. You consider that PubAffairs Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of PubAffairs Limited. 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.
MA Partners LLP
Chartered Accountants
7 The Close
Norwich
Norfolk
NR1 4DJ
5 September 2025
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PUBAFFAIRS LIMITED
Registered number: 05952320
BALANCE SHEET
As at 31 October 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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PUBAFFAIRS LIMITED
Registered number: 05952320
BALANCE SHEET (CONTINUED)
As at 31 October 2024
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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 income and retained earnings 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 by:
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Mr P Murphy
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The notes on pages 4 to 7 form part of these financial statements.
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PUBAFFAIRS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024
The company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ. The principal place of business is St Albans, Hertfordshire.
The company's principal activity during the year was public affairs events organisation, job advertising and advertising sales.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
At the balance sheet date the company's liabilities exceeded its assets by £17,521. With the continued support of the director, the director believes that the company will be able to continue in business and meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements.
Turnover comprises revenue recognised by the company in respect of public affairs events organisation, job advertising and advertising sales. Turnover is measured as the fair value of the consideration received or receivable.
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.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.
Depreciation is provided on the following basis:
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.
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PUBAFFAIRS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024
2.Accounting policies (continued)
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and susequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Interest income is recognised in profit or loss using the effective interest method.
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax.
Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date.
Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
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PUBAFFAIRS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024
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Charge for the year on owned assets
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Prepayments and accrued income
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PUBAFFAIRS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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Allotted, called up and fully paid
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50 (2023 - 50) A Ordinary shares of £0.10 each
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50 (2023 - 50) B Ordinary shares of £0.10 each
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50 (2023 - 50) C Ordinary shares of £0.10 each
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Related party transactions
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As at 31 October 2024, the company owed £263,215 (2023 - £253,407) to the director, as included within other creditors due within one year note 6 to the financial statements. The loan is interest free and repayable on demand.
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