REGISTERED NUMBER: 10537416 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 December 2024

for

The Howe Pub Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Howe

B R Howe

REGISTERED OFFICE:

Osborne House

143-145 Stanwell Road

Ashford

Middlesex

TW15 3QN

REGISTERED NUMBER:

10537416 (England and Wales)

ACCOUNTANTS:

Hunt Ford & Co

Osborne House

143-145 Stanwell Road

Ashford

Middlesex

TW15 3QN

FIXED ASSETS

Tangible assets

4

21,576

28,769

CURRENT ASSETS

Stocks

15,000

15,000

Debtors

5

6,532

2,407

Cash at bank and in hand

6,423

12,273

27,955

29,680

CREDITORS

Amounts falling due within one year

6

171,702

186,807

NET CURRENT LIABILITIES

(143,747

)

(157,127

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(122,171

)

(128,358

)

CREDITORS

Amounts falling due after more than one year

7

49,500

50,741

NET LIABILITIES

(171,671

)

(179,099

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

(171,771

)

(179,199

)

SHAREHOLDERS' FUNDS

(171,671

)

(179,099

)

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 profit or loss 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

R Howe - Director

1.	STATUTORY INFORMATION

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

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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 Income Statement, 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 profit or loss 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 27 (2023 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

59,798

63,111

3,750

1,648

128,307

DEPRECIATION

At 1 January 2024

45,578

51,132

1,875

953

99,538

Charge for year

3,555

2,995

469

174

7,193

At 31 December 2024

49,133

54,127

2,344

1,127

106,731

NET BOOK VALUE

At 31 December 2024

10,665

8,984

1,406

521

21,576

At 31 December 2023

14,220

11,979

1,875

695

28,769

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Prepayments

6,532

2,407

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

51,889

14,357

Social security and other taxes

(3,796

)

35,078

VAT

34,661

26,315

Other creditors

-

26,811

Pension Fund

648

410

Directors' current accounts

85,600

81,136

Accrued expenses

1,700

1,700

Deposits held

1,000

1,000

171,702

186,807

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans - 2-5 years

16,000

50,741

Other loans - 1-2 years

33,500

-

49,500

50,741

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

100

Ordinary A

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 January 2024

(179,199

)

Profit for the year

7,428

At 31 December 2024

(171,771

)

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date there are loans outstanding to the directors as follows:

R Howe £99,103

This is included in other creditors in note 7.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is R Howe.

12.	GOING CONCERN

At 31 December 2024 the balance sheet is reporting a negative total of £171,1. The directors remain confident that funding resources will continue to be available as required which together with their loan contribution should be adequate to ensure the company continues to trade as a going concern.