Tally Ho Pub Co Limited 30/03/2025 iXBRL

Company registration number: 07457770

Tally Ho Pub Co Limited

Unaudited filleted financial statements

30 March 2025

Tally Ho Pub Co Limited

Contents

Statement of financial position

Notes to the financial statements

Tally Ho Pub Co Limited

Statement of financial position

30 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	65,065		74,376
		_______		_______
			65,065		74,376

Current assets
Stocks		9,000		10,250
Debtors	6	345,532		284,501
Cash at bank and in hand		106,171		121,237
		_______		_______
		460,703		415,988
Creditors: amounts falling due
within one year	7	( 373,076)		( 328,161)
		_______		_______
Net current assets			87,627		87,827
			_______		_______
Total assets less current liabilities			152,692		162,203

Creditors: amounts falling due
after more than one year	8		( 1,721)		( 11,723)
			_______		_______
Net assets			150,971		150,480
			_______		_______

Capital and reserves
Called up share capital			600		600
Share premium account			149,520		149,520
Profit and loss account			851		360
			_______		_______
Shareholder funds			150,971		150,480
			_______		_______

For the year ending 30 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr Henry W.A. Cripps

Director

Company registration number: 07457770

Tally Ho Pub Co Limited

Notes to the financial statements

Year ended 30 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 2nd Floor, 32-33 Gosfield Street, London, W1W 6HL.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	25 %	straight line
Fittings fixtures and equipment	-	25 %	straight line
Motor vehicles	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 23 (2024: 23 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 31 March 2024	131,655	62,684	36,171	7,750	238,260
Additions	-	6,300	-	-	6,300
Disposals	-	-	-	( 7,750)	( 7,750)
	_______	_______	_______	_______	_______
At 30 March 2025	131,655	68,984	36,171	-	236,810
	_______	_______	_______	_______	_______
Depreciation
At 31 March 2024	68,013	57,762	36,171	1,938	163,884
Charge for the year	6,583	3,216	-	-	9,799
Disposals	-	-	-	( 1,938)	( 1,938)
	_______	_______	_______	_______	_______
At 30 March 2025	74,596	60,978	36,171	-	171,745
	_______	_______	_______	_______	_______
Carrying amount
At 30 March 2025	57,059	8,006	-	-	65,065
	_______	_______	_______	_______	_______
At 30 March 2024	63,642	4,922	-	5,812	74,376
	_______	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	11,495	30,037
Amounts owed by group undertakings and undertakings in which the company has a participating interest	309,445	224,630
Other debtors	24,592	29,834
	_______	_______
	345,532	284,501
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	61,025	9,942
Trade creditors	156,191	134,431
Corporation tax	55,182	46,866
Social security and other taxes	57,604	60,422
Other creditors	43,074	76,500
	_______	_______
	373,076	328,161
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,721	11,723
	_______	_______

The company has a Coronavirus Bounceback Loan of £50,000. This loan is repayable over 72 months, with no interest or repayments in the first 12 months. It bears interest at 2.5% per annum.

9. Controlling party

The company is controlled by Tally Ho Holdings Ltd (company number 06607970) whose registered office is 2nd Floor, 32-33 Gosfield Street, London W1W 6HL.