Registration number: 12414872

The Tipsy Pub Co Ltd

trading as The Tipsy Fox

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

The Tipsy Pub Co Ltd

trading as The Tipsy Fox

Company Information

Director

A J Keeley

Registered office

The Tipsy Fox Worthing Rd Southwater West Sussex RH13 9HG

Accountants

Herbert Lewis Williams & Associates Limited Chartered Certified Accountants Leigh Court Business Centre Abbots Leigh Bristol BS8 3RA

The Tipsy Pub Co Ltd

trading as The Tipsy Fox

(Registration number: 12414872)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	1,120	19,149
Tangible assets	5	84,599	169,078
		85,719	188,227
Current assets
Stocks	6	6,000	17,500
Debtors	7	107,802	52,269
Cash at bank and in hand		832	7,508
		114,634	77,277
Creditors: Amounts falling due within one year	8	(177,943)	(239,266)
Net current liabilities		(63,309)	(161,989)
Total assets less current liabilities		22,410	26,238
Creditors: Amounts falling due after more than one year	8	(12,440)	(19,103)
Provisions for liabilities		(9,845)	(6,123)
Net assets		125	1,012
Capital and reserves
Called up share capital	9	102	102
Retained earnings		23	910
Shareholders' funds		125	1,012

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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

The Tipsy Pub Co Ltd

trading as The Tipsy Fox

(Registration number: 12414872)
Balance Sheet as at 31 March 2025

Approved and authorised by the director on 23 December 2025
 

......................................... A J Keeley Director

The Tipsy Pub Co Ltd

trading as The Tipsy Fox

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 and Wales.

The address of its registered office is:
The Tipsy Fox
Worthing Rd
Southwater
West Sussex
RH13 9HG

These financial statements were authorised for issue by the director on 23 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.

Going concern

The financial statements have been prepared on a going concern basis.

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 and deferred 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 Tipsy Pub Co Ltd

trading as The Tipsy Fox

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

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

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
Plant & Machinery	Straight line - 15%
Fixtures & Fittings	Straight line - 15%
Office Equipment	Straight line - 20%

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	Straight line - 20%

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.

The Tipsy Pub Co Ltd

trading as The Tipsy Fox

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

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.

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.

The Tipsy Pub Co Ltd

trading as The Tipsy Fox

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

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 the director) during the year, was 13 (2024 - 25).

The Tipsy Pub Co Ltd

trading as The Tipsy Fox

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

4	Intangible assets

	Goodwill  £	Other intangible assets  £	Total £
Cost or valuation
At 1 April 2024	60,405	4,758	65,163
Disposals	(10,000)	(2,658)	(12,658)
At 31 March 2025	50,405	2,100	52,505
Amortisation
At 1 April 2024	44,657	1,357	46,014
Amortisation charge	11,248	730	11,978
Amortisation eliminated on disposals	(5,500)	(1,107)	(6,607)
At 31 March 2025	50,405	980	51,385
Carrying amount
At 31 March 2025	-	1,120	1,120
At 31 March 2024	15,748	3,401	19,149

The Tipsy Pub Co Ltd

trading as The Tipsy Fox

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	32,782	212,582	245,364
Additions	-	6,705	6,705
Disposals	-	(110,763)	(110,763)
At 31 March 2025	32,782	108,524	141,306
Depreciation
At 1 April 2024	-	76,286	76,286
Charge for the year	-	24,654	24,654
Eliminated on disposal	-	(44,233)	(44,233)
At 31 March 2025	-	56,707	56,707
Carrying amount
At 31 March 2025	32,782	51,817	84,599
At 31 March 2024	32,782	136,296	169,078

Included within the net book value of land and buildings above is £32,782 (2024 - £32,782) in respect of freehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	6,000	17,500

7

Debtors

Current	Note	2025 £	2024 £
Trade debtors		4,961	-
Amounts owed by related parties		75,020	-
Prepayments		5,771	10,639
Other debtors		22,050	41,630
		107,802	52,269

The Tipsy Pub Co Ltd

trading as The Tipsy Fox

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	10	75,805	77,308
Trade creditors		11,135	41,512
Taxation and social security		59,579	87,244
Accruals and deferred income		13,571	20,084
Other creditors		17,853	13,118
		177,943	239,266

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	12,440	19,103

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share of £1 each	102	102	102	102

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	12,440	19,103

Current loans and borrowings

The Tipsy Pub Co Ltd

trading as The Tipsy Fox

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

	2025 £	2024 £
Bank borrowings	10,000	10,000
Bank overdrafts	12,739	674
Other borrowings	53,066	66,634
	75,805	77,308