Registration number: 12014139

The Electric Pub Company Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 11

The Electric Pub Company Limited

(Registration number: 12014139)
Abridged Balance Sheet as at 31 January 2025

	Note	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	4		-		1
Tangible assets	5		34,634		309,760
Investments	6		300		200
			34,934		309,961
Current assets
Stocks	7	-		28,121
Debtors		256,448		261,615
Cash at bank and in hand		28,955		10,900
		285,403		300,636
Prepayments and accrued income		122,904		86,306
Creditors: Amounts falling due within one year		(241,369)		(302,944)
Net current assets			166,938		83,998
Total assets less current liabilities			201,872		393,959
Creditors: Amounts falling due after more than one year			(2,249,212)		(2,183,819)
Accruals and deferred income			(60,711)		(35,710)
Net liabilities			(2,108,051)		(1,825,570)
Capital and reserves
Called up share capital	8	75		75
Profit and loss account		(2,108,126)		(1,825,645)
Shareholders' deficit			(2,108,051)		(1,825,570)

The Electric Pub Company Limited

(Registration number: 12014139)
Abridged Balance Sheet as at 31 January 2025

For the financial year ending 31 January 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2025 and signed on its behalf by:
 

Mr A J Warren Director

The Electric Pub Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Grove
Rax Lane
Bridport
Dorset
DT6 3JL

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Exemption from preparing group accounts

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Going concern

During the year ended 31 January 2025 the company ceased it's leasehold interest in all of the remaining venues from which it operated and has ceased its day to day trading operations. As a result, the financial statements have been prepared on a basis other than that of the going concern basis. This alternative basis reflects the director's assessments that the company will not continue its trading activities and will instead focus on settling outstanding obligations.

The Electric Pub Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

Revenue recognition

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	straight line basis over the lease term
Fixtures and fittings	20% reducing balance
Motor vehicles	20% reducing balance
Equipment	20% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

The Electric Pub Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	3 years straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

The Electric Pub Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

The Electric Pub Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 41 (2024 - 66).

4	Intangible assets

	Total £
Cost or valuation
At 1 February 2024	15,001
Disposals	(1)
At 31 January 2025	15,000
Amortisation
At 1 February 2024	15,000
At 31 January 2025	15,000
Carrying amount
At 31 January 2025	-
At 31 January 2024	1

The Electric Pub Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 February 2024	132,127	176,068	15,600	166,769	490,564
Additions	-	-	-	5,547	5,547
Disposals	(121,723)	(165,591)	(15,600)	(109,036)	(411,950)
At 31 January 2025	10,404	10,477	-	63,280	84,161
Depreciation
At 1 February 2024	21,048	67,681	10,807	81,268	180,804
Charge for the year	520	830	-	6,606	7,956
Eliminated on disposal	(16,886)	(60,525)	(10,807)	(51,015)	(139,233)
At 31 January 2025	4,682	7,986	-	36,859	49,527
Carrying amount
At 31 January 2025	5,722	2,491	-	26,421	34,634
At 31 January 2024	111,079	108,387	4,793	85,501	309,760

Included within the net book value of land and buildings above is £5,722 (2024 - £111,079) in respect of short leasehold land and buildings.
 

6	Investments

	Total £
Cost or valuation
At 1 February 2024	200
Additions	100
At 31 January 2025	300
Provision
Carrying amount
At 31 January 2025	300
At 31 January 2024	200

The Electric Pub Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025