Company No: 06606946 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

D J Steel

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

06606946 (England and Wales)

	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

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.