Registration number: 07142787

Pebbles Fish and Wine Bar Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 9

Pebbles Fish and Wine Bar Limited

Company Information

Directors

Mr A B Mayfield Mr C N Harrison

Registered office

Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Accountants

Blue Spire Limited Chartered AccountantsCawley Priory South Pallant Chichester West Sussex PO19 1SY

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Pebbles Fish and Wine Bar Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pebbles Fish and Wine Bar Limited for the year ended 31 March 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Pebbles Fish and Wine Bar Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Pebbles Fish and Wine Bar Limited and state those matters that we have agreed to state to the Board of Directors of Pebbles Fish and Wine Bar Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pebbles Fish and Wine Bar Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Pebbles Fish and Wine Bar Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pebbles Fish and Wine Bar Limited. You consider that Pebbles Fish and Wine Bar Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Pebbles Fish and Wine Bar Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Blue Spire Limited
Chartered Accountants
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

22 December 2025

Pebbles Fish and Wine Bar Limited

(Registration number: 07142787)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	1,032,450	1,037,673
Current assets
Stocks	6	14,600	14,600
Debtors	7	23,365	5,262
Cash at bank and in hand		3,560	21,118
		41,525	40,980
Creditors: Amounts falling due within one year	8	(455,575)	(403,961)
Net current liabilities		(414,050)	(362,981)
Total assets less current liabilities		618,400	674,692
Creditors: Amounts falling due after more than one year	8	(1,769)	(12,231)
Net assets		616,631	662,461
Capital and reserves
Called up share capital	9	4	4
Revaluation reserve		440,783	440,783
Retained earnings		175,844	221,674
Shareholders' funds		616,631	662,461

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.

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.

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 22 December 2025 and signed on its behalf by:
 

......................................... Mr A B Mayfield Director

Pebbles Fish and Wine Bar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

These financial statements were authorised for issue by the Board on 22 December 2025.

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 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 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.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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.

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.

Pebbles Fish and Wine Bar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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
Kitchen equipment	25% Reducing balance
Fixtures and fittings	25% Reducing balance
Office equipment	33% Straight line

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

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.

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.

Pebbles Fish and Wine Bar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2024 - 33).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	134,950	134,950
At 31 March 2025	134,950	134,950
Amortisation
At 1 April 2024	134,950	134,950
At 31 March 2025	134,950	134,950
Carrying amount
At 31 March 2025	-	-

Pebbles Fish and Wine Bar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	1,002,481	227,362	1,229,843
Additions	-	4,818	4,818
At 31 March 2025	1,002,481	232,180	1,234,661
Depreciation
At 1 April 2024	-	192,170	192,170
Charge for the year	-	10,041	10,041
At 31 March 2025	-	202,211	202,211
Carrying amount
At 31 March 2025	1,002,481	29,969	1,032,450
At 31 March 2024	1,002,481	35,192	1,037,673

Included within the net book value of land and buildings above is £1,002,481 (2024 - £1,002,481) in respect of long leasehold land and buildings.
 

Revaluation

The fair value of the company's Long leasehold land & buildings was revalued on 31 December 2018. An independent valuer was not involved.
The directors valued the lease based on their many years of experience in the industry and by reference to similar sites available in the market place.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £Nil (2024 - £561,698).

6

Stocks

	2025 £	2024 £
Other inventories	14,600	14,600

7

Debtors

Current	2025 £	2024 £
Prepayments	4,637	3,262
Other debtors	18,728	2,000
	23,365	5,262

Pebbles Fish and Wine Bar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		52,181	40,365
Trade creditors		39,050	71,434
Taxation and social security		101,924	77,356
Accruals and deferred income		78,204	43,933
Other creditors		184,216	170,873
		455,575	403,961

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		1,769	12,231

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £0.01 each	180	2	400	4
Ordinary B shares of £0.01 (2024 - £0) each	20	-	-	-
Ordinary C shares of £0.01 (2024 - £0) each	200	2	-	-
	400	4	400	4

10

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £437.50 (2024 - £300.00) per each Ordinary shares		78,750		120,000
Interim dividend of £360.00 (2024 - £Nil) per each Ordinary B shares		7,200		-
Interim dividend of £250.00 (2024 - £Nil) per each Ordinary C shares		50,000		-
		135,950		120,000

Pebbles Fish and Wine Bar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

11	Related party transactions

Transactions with directors

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Mr A B Mayfield
Owed from/(to) director	(48)	49,764	(49,713)	4
Mr C N Harrison
Owed from/(to) director	(10,288)	50,990	(74,809)	(34,107)

2024	At 1 April 2023 £	Advances to director £	Repayments by director £	At 31 March 2024 £
Mr A B Mayfield
Owed from/(to) director	(8,234)	56,521	(48,334)	(48)
Mr C N Harrison
Owed from/(to) director	(22,485)	55,826	(43,630)	(10,288)