Friendly Brighton Pub Company Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06474963

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		5,510
Tangible Assets	5		15,546		14,924

			15,546		20,434
CURRENT ASSETS
Stocks	6	18,712		22,728
Debtors	7	26,119		17,893
Cash at bank and in hand		52,473		52,395

		97,304		93,016
Creditors: Amounts Falling Due Within One Year	8	(64,001 )		(55,105 )

NET CURRENT ASSETS (LIABILITIES)			33,303		37,911

TOTAL ASSETS LESS CURRENT LIABILITIES			48,849		58,345

NET ASSETS			48,849		58,345

CAPITAL AND RESERVES
Called up share capital	9		4		4
Profit and Loss Account			48,845		58,341

SHAREHOLDERS' FUNDS			48,849		58,345

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Friendly Brighton Pub Company Ltd

Balance Sheet (continued)

As At 31 March 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Adam Brooks

Director

30/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Friendly Brighton Pub Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06474963 . The registered office is Unit L, BPI House, Cores End Road, Bourne End, Buckinghamshire, SL8 5AS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	3.33% to 14.29% pa straight line
Fixtures & Fittings	10% pa straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Friendly Brighton Pub Company Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 19 (2024: 12)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	93,750

As at 31 March 2025	93,750

Amortisation
As at 1 April 2024	88,240
Provided during the period	5,510

As at 31 March 2025	93,750

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	5,510

5. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	17,011	65,294	82,305
Additions	-	2,717	2,717

As at 31 March 2025	17,011	68,011	85,022

Depreciation
As at 1 April 2024	9,128	58,253	67,381
Provided during the period	583	1,512	2,095

As at 31 March 2025	9,711	59,765	69,476

Net Book Value
As at 31 March 2025	7,300	8,246	15,546

As at 1 April 2024	7,883	7,041	14,924

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Friendly Brighton Pub Company Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stocks

	2025	2024
	£	£
Stock	18,712	22,728

7. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	2,094	3,868
Other debtors	14,025	14,025
Directors' loan accounts	10,000	-

	26,119	17,893

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1	-
Bank loans and overdrafts	3,715	-
Corporation tax	4,285	1,336
Other taxes and social security	2,377	3,183
VAT	18,841	14,781
Other creditors	1,283	3,069
Accruals and deferred income	420	3,320
Directors' loan accounts	33,079	29,416

	64,001	55,105

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

10. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2025	2024
	£	£
Mr Adam Brooks	14,000	24,000
Mr Tony Ford	14,000	14,000

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