Company registration number 12322161 (England and Wales)
STEPPING STONE PUBS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
STEPPING STONE PUBS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
STEPPING STONE PUBS LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
28 February 2025
29 February 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
122,046
127,951
Current assets
Stocks
14,773
12,482
Debtors
4
37,115
14,897
Cash at bank and in hand
44,203
76,310
96,091
103,689
Creditors: amounts falling due within one year
5
(108,133)
(109,780)
Net current liabilities
(12,042)
(6,091)
Total assets less current liabilities
110,004
121,860
Creditors: amounts falling due after more than one year
6
(3,200)
(19,355)
Provisions for liabilities
(10,680)
-
0
Net assets
96,124
102,505
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
96,024
102,405
Total equity
96,124
102,505
STEPPING STONE PUBS LTD
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2025
28 February 2025
- 2 -

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have 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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 January 2026 and are signed on its behalf by:
Mr A R Windle
Director
Company registration number 12322161 (England and Wales)
STEPPING STONE PUBS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
1
Accounting policies
Company information

Stepping Stone Pubs Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Royal Wootton Bassett, Old Malmesbury Road, Royal Wootton Bassett, Wiltshire, SN4 7HT.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for sales as a public house, net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Over the life of the lease
Fixtures and fittings
15% Reducing balance
Computers
15% Reducing balance
Motor vehicles
25% Straight-line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

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

STEPPING STONE PUBS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
24
23
STEPPING STONE PUBS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 March 2024
92,568
118,022
210,590
Additions
-
0
16,782
16,782
At 28 February 2025
92,568
134,804
227,372
Depreciation and impairment
At 1 March 2024
16,905
65,734
82,639
Depreciation charged in the year
4,630
18,057
22,687
At 28 February 2025
21,535
83,791
105,326
Carrying amount
At 28 February 2025
71,033
51,013
122,046
At 29 February 2024
75,663
52,288
127,951
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
37,115
14,897
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
9,800
-
0
Obligations under finance leases
17,597
5,207
Trade creditors
12,685
17,661
Corporation tax
17,977
28,643
Other taxation and social security
39,069
36,215
Other creditors
5,690
22,054
Accruals and deferred income
5,315
-
0
108,133
109,780
STEPPING STONE PUBS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
3,200
-
0
Obligations under finance leases
-
0
19,355
3,200
19,355
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