Company No: 09151267 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	872,813		1,012,965
Investments	4	45,000		45,000
		917,813		1,057,965
Current assets
Stocks	5	95,375		109,490
Debtors	6	529,003		766,177
Cash at bank and in hand		235,694		104,549
		860,072		980,216
Creditors: amounts falling due within one year	7	( 1,361,206)		( 1,171,368)
Net current liabilities		(501,134)		(191,152)
Total assets less current liabilities		416,679		866,813
Creditors: amounts falling due after more than one year	8	( 160,479)		( 286,089)
Provision for liabilities		( 169,969)		( 199,189)
Net assets		86,231		381,535
Capital and reserves
Called-up share capital	9	150		150
Profit and loss account		86,081		381,385
Total shareholders' funds		86,231		381,535

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Pollocks Pub Co Ltd (registered number: 09151267) were approved and authorised for issue by the Board of Directors on 12 September 2025. They were signed on its behalf by:

J M Marquis Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Pollocks Pub Co Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Square Sail House, Charlestown Road, St. Austell, PL25 3NJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount received can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Leasehold improvements	depreciated over the life of the lease
Vehicles	4 years straight line
Fixtures and fittings	0 - 7 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	165		183

3. Tangible assets

	Leasehold improve- ments		Vehicles		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 October 2023	473,971		171,117		1,266,944		1,912,032
Additions	0		0		45,870		45,870
Disposals	( 4,773)		( 9,995)		( 452,236)		( 467,004)
At 30 September 2024	469,198		161,122		860,578		1,490,898
Accumulated depreciation
At 01 October 2023	98,752		38,922		761,393		899,067
Charge for the financial year	22,514		41,781		58,110		122,405
Disposals	( 123)		( 9,996)		( 393,268)		( 403,387)
At 30 September 2024	121,143		70,707		426,235		618,085
Net book value
At 30 September 2024	348,055		90,415		434,343		872,813
At 30 September 2023	375,219		132,195		505,551		1,012,965

4. Fixed asset investments

	Investments in associates		Total
	£		£
Cost or valuation before impairment
At 01 October 2023	45,000		45,000
At 30 September 2024	45,000		45,000
Carrying value at 30 September 2024	45,000		45,000
Carrying value at 30 September 2023	45,000		45,000

5. Stocks

	2024		2023
	£		£
Stocks	95,375		109,490

6. Debtors

	2024		2023
	£		£
Trade debtors	605		7,360
Corporation tax	0		10,312
Other debtors	528,398		748,505
	529,003		766,177

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	309,377		267,024
Taxation and social security	449,175		525,465
Obligations under finance leases and hire purchase contracts	32,798		32,799
Other creditors	569,856		346,080
	1,361,206		1,171,368

8. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Obligations under finance leases and hire purchase contracts	62,489		95,288
Other creditors	97,990		190,801
	160,479		286,089

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
150 Ordinary shares of £ 1.00 each	150		150

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
within one year	0		11,763
between one and five years	0		138,181
after five years	0		2,652,899
	0		2,802,843

The commitments noted above are largely rent payments committed to through lease agreements for various properties that the company trades from.

11. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2024		2023
	£		£
Balance outstanding brought forward	120,922		0
Amounts advanced	81,773		139,703
Amounts repaid	(63,143)		(18,781)
Balance outstanding carried forward	139,552		120,922

The company holds a participating interest in Are You Not Entertained Limited. During the year, it gave the company an interest free loan. The loan is repayable on demand.

Transactions with the entity's directors

	2024		2023
	£		£
Balance outstanding brought forward	291,174		278,400
Amounts advanced	165,500		269,500
Amounts repaid	(335,331)		(256,726)
Balance outstanding at year end	121,343		291,174

No interest is charged on this loan and it is repayable on demand.