The Proper Pub Company Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04248124

The Proper Pub Company Limited

Filleted Unaudited Financial Statements

30 April 2025

The Proper Pub Company Limited

Statement of Financial Position

30 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		1,413,166	1,430,499

Current assets

Stocks		14,814	17,649
Debtors	6	202,508	157,572
Cash at bank and in hand		65,010	25,319
		---------	---------
		282,332	200,540

Creditors: amounts falling due within one year	7	260,239		1,048,177
		---------		------------
Net current assets/(liabilities)			22,093	( 847,637)
			------------	------------
Total assets less current liabilities			1,435,259	582,862

Creditors: amounts falling due after more than one year	8	798,414	–
		------------	---------
Net assets		636,845	582,862
		------------	---------

The Proper Pub Company Limited

Statement of Financial Position (continued)

30 April 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	900	900
Share premium account	209,100	209,100
Revaluation reserve	350,000	350,000
Profit and loss account	76,845	22,862
	---------	---------
Shareholders funds	636,845	582,862
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 April 2025 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 1 October 2025 , and are signed on behalf of the board by:

Mr C Crawford Mrs C Crawford

Director Director

Company registration number: 04248124

The Proper Pub Company Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Finchs Arms, Oakham Road, Hambleton, Oakham, Rutland, LE15 8TL.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, Small Entities of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	25% reducing balance
Fixtures and Fittings	-	25% reducing balance
Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

The Company only enters into basic financial instruments 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 non-puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 May 2024	1,293,393	357,674	180,202	5,042	1,836,311
Additions	–	6,558	1,460	10,151	18,169
	------------	---------	---------	--------	------------
At 30 April 2025	1,293,393	364,232	181,662	15,193	1,854,480
	------------	---------	---------	--------	------------
Depreciation
At 1 May 2024	–	346,988	56,188	2,636	405,812
Charge for the year	–	2,962	31,310	1,230	35,502
	------------	---------	---------	--------	------------
At 30 April 2025	–	349,950	87,498	3,866	441,314
	------------	---------	---------	--------	------------
Carrying amount
At 30 April 2025	1,293,393	14,282	94,164	11,327	1,413,166
	------------	---------	---------	--------	------------
At 30 April 2024	1,293,393	10,686	124,014	2,406	1,430,499
	------------	---------	---------	--------	------------

6. Debtors

	2025	2024
	£	£
Other debtors	202,508	157,572
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	31,200	697,069
Trade creditors	94,813	150,281
Corporation tax	13,569	18,769
Social security and other taxes	32,132	34,388
Other creditors	88,525	147,670
	---------	------------
	260,239	1,048,177
	---------	------------

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

	2025	2024
	£	£
Bank loans and overdrafts	798,414	–
	---------	----

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr C Crawford	( 11,193)	( 430)	( 11,623)
Mrs C Crawford	( 11,192)	( 431)	( 11,623)
	--------	----	--------
	( 22,385)	( 861)	( 23,246)
	--------	----	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr C Crawford	8,480	( 19,673)	( 11,193)
Mrs C Crawford	8,482	( 19,674)	( 11,192)
	--------	--------	--------
	16,962	( 39,347)	( 22,385)
	--------	--------	--------

10. The ultimate controlling party

The ultimate controlling party is Crawford Property Investments Ltd.