REGISTERED NUMBER: 14785071 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

The Hill Village Pub Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P J Minney

Miss S J Price

Mr M A Roberts

Ms S L Saunders

SECRETARY:

REGISTERED OFFICE:

122 High Street

Wollaston

Northamptonshire

NN29 7RJ

REGISTERED NUMBER:

14785071 (England and Wales)

ACCOUNTANTS:

Clifford Roberts

63 Broad Green

Wellingborough

Northamptonshire

NN8 4LQ

FIXED ASSETS

Intangible assets

4

54,605

-

CURRENT ASSETS

Stocks

8,853

-

Cash at bank

39,854

-

48,707

-

CREDITORS

Amounts falling due within one year

5

92,998

-

NET CURRENT LIABILITIES

(44,291

)

-

TOTAL ASSETS LESS CURRENT LIABILITIES

10,314

-

RESERVES

Income and expenditure account

10,314

-

10,314

-

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

Mr P J Minney - Director

Miss S J Price - Director

Mr M A Roberts - Director

Ms S L Saunders - Director

1.	STATUTORY INFORMATION

The Hill Village Pub Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue

Turnover represents net invoices sale of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

54,605

At 31 December 2024

54,605

NET BOOK VALUE

At 31 December 2024

54,605

The company has recognised goodwill of £54,605 in relation to the assumption of a liability to the landlord, Scott Bader UK Limited, following the transition from a charity to a Company Limited by Guarantee. The quantum of this liability is currently under dispute.

In accordance with the company's accounting policies, goodwill is normally amortised over its estimated useful life. However, amortisation has been delayed pending resolution of the dispute to ensure accurate reporting. Once the dispute is resolved, the goodwill amount will be adjusted if necessary, and amortisation will commence over its determined useful life.

If required, a further disclosure will be made in the subsequent financial statements reflecting any changes to the recorded amount.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

10,137

-

Tax

2,419

-

Social security and other taxes

1,351

-

VAT

5,768

-

Amounts owed to Scott Bader UK

26,528

-

Directors' current accounts

291

-

Accrued expenses

1,000

-

Contingent Liability - Scott B

45,504

-

92,998

-

6.	CONTINGENT LIABILITIES

The company has assumed a liability of £54,605 relating to outstanding amounts owed to the landlord, following the transition from a charity to a Company Limited by Guarantee. The quantum of this liability is currently under dispute, and the final amount payable may be subject to revision.

At present, the company has recorded this liability which currently stands at £45,504 in its accounts and recognised an amount of £54,605 as goodwill under intangible assets. However, should the dispute be resolved in a manner that reduces the liability, an adjustment will be made to both the goodwill value and the reported liability.

Due to the uncertainty regarding the final settlement, no amortisation of the related goodwill has commenced. The company will review the position in the next financial period and update the accounts accordingly once the dispute is resolved.

No further financial impact is expected beyond the potential adjustment to the recorded goodwill and liability.

7.	LIMITED BY GUARANTEE

The Company is Limited by Guarantee, therefore there is no share capital shown on the balance sheet.