REGISTERED NUMBER: 14903828 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE TOUCAN PUB COMPANY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Taylor

Mrs C A Taylor

Miss M L Taylor

REGISTERED OFFICE:

61 Queen Square

Bristol

BS1 4JZ

REGISTERED NUMBER:

14903828 (England and Wales)

ACCOUNTANTS:

Burnside

Chartered Accountants

61 Queen Square

Bristol

BS1 4JZ

FIXED ASSETS

Intangible assets

4

425,000

475,000

Tangible assets

5

10,709

6,215

435,709

481,215

CURRENT ASSETS

Stocks

6

39,187

32,040

Debtors

7

24,007

20,490

Cash at bank and in hand

999,518

496,977

1,062,712

549,507

CREDITORS

Amounts falling due within one year

8

322,467

282,321

NET CURRENT ASSETS

740,245

267,186

TOTAL ASSETS LESS CURRENT LIABILITIES

1,175,954

748,401

PROVISIONS FOR LIABILITIES

10

2,453

1,373

NET ASSETS

1,173,501

747,028

CAPITAL AND RESERVES

Called up share capital

11

544,072

544,072

Retained earnings

629,429

202,956

SHAREHOLDERS' FUNDS

1,173,501

747,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

C J Taylor - Director

1.	STATUTORY INFORMATION

The Toucan Pub Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors have reviewed the going concern status of the business for the foreseeable future and have concluded that they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have therefore continued to adopt the going concern basis of accounting in preparing these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

500,000

AMORTISATION

At 1 April 2024

25,000

Amortisation for year

50,000

At 31 March 2025

75,000

NET BOOK VALUE

At 31 March 2025

425,000

At 31 March 2024

475,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

5,105

2,094

7,199

Additions

5,575

1,559

7,134

At 31 March 2025

10,680

3,653

14,333

DEPRECIATION

At 1 April 2024

636

348

984

Charge for year

2,045

595

2,640

At 31 March 2025

2,681

943

3,624

NET BOOK VALUE

At 31 March 2025

7,999

2,710

10,709

At 31 March 2024

4,469

1,746

6,215

6.

STOCKS

2025

2024

£

£

Stocks

39,187

32,040

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

700

-

Corporation tax recoverable

784

-

Prepayments and accrued income

22,523

20,490

24,007

20,490

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

26,898

17,454

Corporation tax

195,980

76,295

Social security and other taxes

8,036

6,709

VAT

51,692

97,437

Other creditors

2,161

25,879

Directors' current accounts

4,592

4,592

Accruals and deferred income

33,108

53,955

322,467

282,321

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

110,000

-

Between one and five years

440,000

-

In more than five years

275,000

-

825,000

-

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

2,677

1,554

Other timing differences

(224

)

(181

)

2,453

1,373

Deferred

tax

£

Balance at 1 April 2024

1,373

Provided during year

1,080

Balance at 31 March 2025

2,453

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

544,072

Ordinary

£1

544,072

544,072

100 ordinary shares of £1 each were issued on incorporation of the company and fully paid for cash at par.

On 1 October 2023, a further 543,972 ordinary shares of £1 each were issued at par on incorporation of the business, previously operated as a partnership by the directors in exchange for the goodwill and assets of the business introduced on that date.

12.	RELATED PARTY DISCLOSURES

At 31 March 2025 there was a balance owing to the directors of £4,592 (2024 - £4,592) There are no set repayment terms and no interest is charged on the loan.

13.	ULTIMATE CONTROLLING PARTY

The company was under the control of C J Taylor and Mrs C A Taylor throughout the period by virtue of their controlling interest in the issued share capital of the company.