Silverfin false false 31/03/2025 01/04/2024 31/03/2025 D J Steel 27/09/2012 17 November 2025 no description of principal activity 06606946 2025-03-31 06606946 bus:Director1 2025-03-31 06606946 2024-03-31 06606946 core:CurrentFinancialInstruments 2025-03-31 06606946 core:CurrentFinancialInstruments 2024-03-31 06606946 core:ShareCapital 2025-03-31 06606946 core:ShareCapital 2024-03-31 06606946 core:RetainedEarningsAccumulatedLosses 2025-03-31 06606946 core:RetainedEarningsAccumulatedLosses 2024-03-31 06606946 core:LandBuildings 2024-03-31 06606946 core:OtherPropertyPlantEquipment 2024-03-31 06606946 core:LandBuildings 2025-03-31 06606946 core:OtherPropertyPlantEquipment 2025-03-31 06606946 2024-04-01 2025-03-31 06606946 bus:FilletedAccounts 2024-04-01 2025-03-31 06606946 bus:SmallEntities 2024-04-01 2025-03-31 06606946 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06606946 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06606946 bus:Director1 2024-04-01 2025-03-31 06606946 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-04-01 2025-03-31 06606946 2023-04-01 2024-03-31 06606946 core:LandBuildings 2024-04-01 2025-03-31 06606946 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company No: 06606946 (England and Wales)

# THE FOLEY PUB COMPANY LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

THE FOLEY PUB COMPANY LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

THE FOLEY PUB COMPANY LIMITED

## COMPANY INFORMATION

For the financial year ended 31 March 2025
THE FOLEY PUB COMPANY LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025

DIRECTOR | D J Steel

REGISTERED OFFICE | 22 Chancery Lane
| London
| WC2A 1LS
| United Kingdom

COMPANY NUMBER | 06606946 (England and Wales)

THE FOLEY PUB COMPANY LIMITED

## BALANCE SHEET

As at 31 March 2025
THE FOLEY PUB COMPANY LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,909,827 |  | 1,902,763
|  | 1,909,827 |  | 1,902,763
Current assets |  |  |  |
Stocks |  | 23,979 |  | 25,544
Debtors | 4 | 4,609 |  | 5,515
Cash at bank and in hand |  | 654,915 |  | 657,373
|  | 683,503 |  | 688,432
Creditors: amounts falling due within one year | 5 | ( 2,102,192) |  | ( 2,267,640)
Net current liabilities |  | (1,418,689) |  | (1,579,208)
Total assets less current liabilities |  | 491,138 |  | 323,555
Net assets |  | 491,138 |  | 323,555
Capital and reserves |  |  |  |
Called-up share capital |  | 1 |  | 1
Profit and loss account |  | 491,137 |  | 323,554
Total shareholders' funds |  | 491,138 |  | 323,555

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 Profit and Loss Account has not been delivered.

The financial statements of The Foley Pub Company Limited (registered number: 06606946) were approved and authorised for issue by the Director on 17 November 2025. They were signed on its behalf by:

D J Steel Director |

THE FOLEY PUB COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
THE FOLEY PUB COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 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

The Foley Pub Company Limited (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 22 Chancery Lane, London, WC2A 1LS, United Kingdom.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has 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 to customers. Income from pub sales is recognised on the date the items are provided. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

##### Taxation

Current tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance isset up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible assets are stated 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 is charged so as to write off the cost of assets less their residual value, other than land over their estimated useful lives, as follows:

Land and buildings | not depreciated
Plant and machinery etc. | 5 years straight line

Buildings are not depreciated due to them being maintained to a high standard and so effectively have an infinite life.
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.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Borrowing costs

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 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.

##### 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.
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.

##### Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

##### Ordinary share capital

Ordinary shares are classified as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including the director | 47 |  | 40

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 1,776,498 |  | 212,361 |  | 1,988,859
Additions | 26,430 |  | 43,189 |  | 69,619
At 31 March 2025 | 1,802,928 |  | 255,550 |  | 2,058,478
Accumulated depreciation |  |  |  |  |
At 01 April 2024 | 0 |  | 86,096 |  | 86,096
Charge for the financial year | 0 |  | 62,555 |  | 62,555
At 31 March 2025 | 0 |  | 148,651 |  | 148,651
Net book value |  |  |  |  |
At 31 March 2025 | 1,802,928 |  | 106,899 |  | 1,909,827
At 31 March 2024 | 1,776,498 |  | 126,265 |  | 1,902,763

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 4,609 |  | 5,515

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 93,095 |  | 160,220
Other taxation and social security | 138,560 |  | 132,702
Other creditors | 1,870,537 |  | 1,974,718
| 2,102,192 |  | 2,267,640

#### 6. Related party transactions

Transactions with owners holding a participating interest in the entity

| 2025 |  | 2024
| £ |  | £
The Estate of F R Northcott | (1,806,582) |  | (1,906,582)

The loan from The Estate of F R Northcott is interest free and is repayable on demand.