REGISTERED NUMBER: 02991992 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Mair Arthur Pub Retail Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs M Arthur

SECRETARY:

Mrs M Arthur

REGISTERED OFFICE:

The White Cross

Groeswen Road

Groeswen

Cardiff

CF15 7UT

REGISTERED NUMBER:

02991992 (England and Wales)

ACCOUNTANTS:

Macey Owen Limited

5, Willow Walk

Cowbridge

Vale of Glamorgan

CF71 7EE

FIXED ASSETS

Tangible assets

4

255,036

257,613

CURRENT ASSETS

Cash at bank

1,119

-

CREDITORS

Amounts falling due within one year

(282,609

)

(275,078

)

NET CURRENT LIABILITIES

(281,490

)

(275,078

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(26,454

)

(17,465

)

CREDITORS

Amounts falling due after more than one year

(268,340

)

(289,092

)

NET LIABILITIES

(294,794

)

(306,557

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(295,794

)

(307,557

)

(294,794

)

(306,557

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2025 and were signed by:

Mrs M Arthur - Director

1.	STATUTORY INFORMATION

Mair Arthur Pub Retail Ltd 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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Land and buildings

-

1% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

285,000

DEPRECIATION

At 1 April 2024

27,387

Charge for year

2,577

At 31 March 2025

29,964

NET BOOK VALUE

At 31 March 2025

255,036

At 31 March 2024

257,613

Cost or valuation at 31 March 2025 is represented by:

Totals

£

Valuation in 2008

129,355

Valuation in 2009

23,750

Valuation in 2016

131,895

285,000

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

31/3/25

31/3/24

£

£

Cost

131,895

131,895

freehold land and buildings were valued on a freehold investment basis on 25 July 2018 by Gadbrook Park .

5.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Bank loans

268,340

289,092

Barclays Bank PLC hold fixed and floating charges over all assets of the Company. There is a legal charge over the company owned property known as "The White Cross Inn", Groeswen, Caerphilly as well as property known as "The Strand" public house, owned by the director personally.

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in creditors is an amount due to the director and shareholder of the company. At the year end, this totalled £264,733 (204: £270,270).

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs M Arthur.

8.	GOING CONCERN

At the end of the year the company had net liabilities. The director is confident that the company will be able to meet its liabilities as and when they fall due for a period of no less than 12 months from the date of signing these financial statements and that the director and shareholder will continue to financially support the company for the foreseeable future.