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Registered number: 15685231 YG PUB AND ROOMS (OC) LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
YG PUB AND ROOMS (OC) LIMITED REGISTERED NUMBER:15685231
BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025
Note |  | £
Fixed assets |  |  |
Tangible assets | 4 |  | 154,531
|  |  | 154,531
Current assets |  |  |
Stocks | 5 | 12,246 |
Debtors: amounts falling due within one year | 6 | 168,813 |
Cash at bank and in hand | 7 | 7,175 |
|  | 188,234 |
Creditors: amounts falling due within one year | 8 | (252,384) |
Net current liabilities |  |  | (64,150)
Total assets less current liabilities |  |  | 90,381
Creditors: amounts falling due after more than one year | 9 |  | (67,738)
Provisions for liabilities |  |  |
Deferred tax | 10 | (5,636) |
|  |  | (5,636)
Net liabilities |  |  | 17,007
Capital and reserves |  |  |
Called up share capital | 11 |  | 100
Profit and loss account |  |  | 16,907
|  |  | 17,007
Page 1
YG PUB AND ROOMS (OC) LIMITED REGISTERED NUMBER:15685231
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
M H Tillman
Director
Date: 25 March 2026
The notes on pages 3 to 8 form part of these financial statements. Page 2
YG PUB AND ROOMS (OC) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
1. | General information
YG Pub and Rooms (OC) Limited is a private company, limited by shares, registered in England and Wales, registration number 15685231. The registered office address is 18 Bristol Gardens, London, W9 2JQ. The company was incorporated on 27 April 2024 and commenced trade on 25 June 2024. During the period, the company shortened its accounting reference date from 30 April 2025 to 31 March 2025. The principal activity of the company is that of owning and running of a public house. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements and the Companies Act 2006.
| 2.2 | Going concern
On the basis of information and enquiries that are pertinent to the company’s circumstances and which the director believes to be adequate, it is appropriate to continue to treat the company as a going concern. In particular the director believes that adequate cash resources will be made available to cover the company’s requirements for working capital for at least twelve months from the date of signing the financial statements and confirms that it continues to receive support from its director.
| 2.3 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of food, beverages and accommodation is recognised when the relevant goods and services have been provided. Recharged income is recognised when the corresponding expenses have been incurred on behalf of other entities.
| 2.4 | Operating leases: the company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred. Page 3
YG PUB AND ROOMS (OC) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
| 2.8 | Current and deferred taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.9 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
YG PUB AND ROOMS (OC) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.9 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Long-term leasehold property | - | 10% | straight-line
|  |  |  | Fixtures and fittings | - | 20% | straight-line
|  |  |  | Computer equipment | - | 20% | straight-line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.10 | Stocks
Stocks of food and beverages are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is 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.
| 2.11 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.12 | Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.13 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.14 | Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, bank loans, and loans with related parties.
3. | Employees
| The average monthly number of employees, including the director, during the period was 4.
Page 5
YG PUB AND ROOMS (OC) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Long-term leasehold property | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £ | £
| Cost |  |  |  |
| Additions | 57,679 | 105,955 | 10,161 | 173,795
| At 31 March 2025 | 57,679 | 105,955 | 10,161 | 173,795
| Depreciation |  |  |  |
| Charge for the period | 4,314 | 13,688 | 1,262 | 19,264
| At 31 March 2025 | 4,314 | 13,688 | 1,262 | 19,264
| Net book value |  |  |  |
| At 31 March 2025 | 53,365 | 92,267 | 8,899 | 154,531
5. | Stocks
|  |  |  |  | 2025
|  |  |  |  | £
| Food and beverage stocks | 12,246
6. | Debtors
|  |  |  |  | 2025
|  |  |  |  | £
| Amounts owed by connected entities | 149,008
| Other debtors | 14,578
| Prepayments | 5,227
|  | 168,813
7. | Cash
|  |  |  |  | 2025
|  |  |  |  | £
| Cash at bank and in hand | 7,175
Page 6
YG PUB AND ROOMS (OC) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
8. | Creditors: amounts falling due within one year
|  |  |  |  | 2025
|  |  |  |  | £
| Bank loans | 21,485
| Trade creditors | 23,230
| Amounts owed to connected companies | 141,367
| Other taxation and social security | 16,902
| Other creditors | 34,945
| Accruals | 14,455
|  | 252,384
| HSBC Bank PLC holds a floating and fixed charge which contain a negative pledge over the assets of the company in respect of all the amounts due from the company. Included in creditors due within one year is a bank loan of £21,485. Interest is accrued at 4% per annum over the base rate on the outstanding principal of the loan.
9. | Creditors: amounts falling due after more than one year
|  |  |  |  | 2025
|  |  |  |  | £
| Bank loans | 67,738
| HSBC Bank PLC holds a floating and fixed charge which contains a negative pledge over the assets of the company in respect of all the amounts due from the company. Included in creditors due over one year is a bank loan of £67,738. Interest is accrued at 4% per annum over the base rate on the outstanding principal of the loan.
10. | Deferred taxation
|  | 2025
|  | £
| Charged to profit or loss | 5,636
| At end of year | 5,636
Page 7
YG PUB AND ROOMS (OC) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 10.Deferred taxation (continued)
| The deferred taxation balance is made up as follows:
|  |  |  |  | 2025
|  |  |  |  | £
| Fixed asset timing differences | 24,753
| Short term timing difference | (120)
| Losses and other deductions | (18,997)
|  | 5,636
11. | Share capital
|  |  |  |  | 2025
|  |  |  |  | £
|  | Allotted, called up and fully paid |
|  | 100 Ordinary shares of £1.00 each | 100
On incorporation, the company issued 100 ordinary shares at nominal value.
12. | Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,691. Contributions totalling £1,119 were payable to the fund at the reporting date and are included in creditors.
13. | Commitments under operating leases
| At 31 March 2025, the company had future minimum lease payments under non cancellable operating leases of £297,660. The director has provided the company with a personal guarantee.
14. | Controlling party
The company is ultimately controlled by M H Tillman, a director and a majority shareholder of the company.
Page 8