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COMPANY REGISTRATION NUMBER: 05494855

THE PROPER PUB COMPANY UK LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 May 2025

THE PROPER PUB COMPANY UK LIMITED

STATEMENT OF FINANCIAL POSITION

31 May 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 6 |  | 6,613 | 5,903

Current assets

Stocks | 6,731 |  | 7,190
Debtors | 7 | 143 |  | 125
Cash at bank and in hand | 63,877 |  | 78,556
| --------- |  | ---------
| 70,751 |  | 85,871

Creditors: amounts falling due within one year | 8 | 61,193 |  | 52,681
| --------- |  | ---------
Net current assets |  | 9,558 | 33,190
|  | --------- | ---------
Total assets less current liabilities |  | 16,171 | 39,093

Creditors: amounts falling due after more than one year | 9 |  | – | 9,938

Provisions

Taxation including deferred tax |  | 1,257 | 1,476
|  | --------- | ---------
Net assets |  | 14,914 | 27,679
|  | --------- | ---------

THE PROPER PUB COMPANY UK LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 May 2025

| 2025 | 2024
Note | £ | £ | £

Capital and reserves

Called up share capital |  | 2 | 2
Profit and loss account |  | 14,912 | 27,677
|  | --------- | ---------
Shareholders funds |  | 14,914 | 27,679
|  | --------- | ---------

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 income and retained earnings has not been delivered.
For the year ending 31 May 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 19 February 2026 , and are signed on behalf of the board by:

S K Davey |
Director |

Company registration number: 05494855

THE PROPER PUB COMPANY UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tower House, Lucy Tower Street, Lincoln, LN1 1XW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. Significant judgements There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies which have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Depreciation charges The annual depreciation charge for tangible assets is sensitive to changes in the useful economic lives and residual values of the assets. These are reviewed periodically by the Directors to ensure that they reflect both external and internal factors.
Revenue recognition
The turnover shown in the statement of comprehensive income represents the value of goods supplied and services rendered during the period, exclusive of Value Added Tax. Turnover is recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the sale have been transferred to the customer.
Income tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. The only exception is that deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 4 year straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and 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.
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 & Machinery | - | 25% reducing balance
| Fixtures & Fittings | - | 25% reducing balance
| Computer Equipment | - | 25% reducing balance

Impairment of fixed assets
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.
Stocks
Stocks are valued at the lower of cost and net realisable value, on a first-in-first-out basis, after making due allowance for obsolete and slow moving items. Cost is based on historical price.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2024: 13 ).
5. Intangible assets

| Goodwill
| £
Cost |
At 1 June 2024 and 31 May 2025 | 200,000
| -----------
Amortisation |
At 1 June 2024 and 31 May 2025 | 200,000
| -----------
Carrying amount |
At 31 May 2025 | –
| -----------
At 31 May 2024 | –
| -----------

6. Tangible assets

| Plant and machinery | Fixtures and fittings | Computer Equipment | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 June 2024 | 52,141 | 10,665 | 1,199 | 64,005
Additions | – | 1,323 | 1,029 | 2,352
| --------- | --------- | -------- | ---------
At 31 May 2025 | 52,141 | 11,988 | 2,228 | 66,357
| --------- | --------- | -------- | ---------
Depreciation |  |  |  |
At 1 June 2024 | 50,280 | 7,055 | 767 | 58,102
Charge for the year | 487 | 940 | 215 | 1,642
| --------- | --------- | -------- | ---------
At 31 May 2025 | 50,767 | 7,995 | 982 | 59,744
| --------- | --------- | -------- | ---------
Carrying amount |  |  |  |
At 31 May 2025 | 1,374 | 3,993 | 1,246 | 6,613
| --------- | --------- | -------- | ---------
At 31 May 2024 | 1,861 | 3,610 | 432 | 5,903
| --------- | --------- | -------- | ---------

7. Debtors

| 2025 | 2024
| £ | £
Other debtors | 143 | 125
| ----- | -----

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 9,913 | 10,000
Trade creditors | 17,231 | 8,156
Corporation tax | 5,232 | 10,404
Social security and other taxes | 13,781 | 20,464
Pension Fund | 10,492 | 213
Other creditors | 4,544 | 3,444
| --------- | ---------
| 61,193 | 52,681
| --------- | ---------

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

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 9,938
| ----- | --------

10. Related party transactions
No transactions with related parties subsisted during the year, such as are required be disclosed under FRS102 (Section 1A).
11. Controlling party
The company was under the control of its director throughout the current and previous year.