Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-302025-06-30138false1122024-07-01Remarkable Pubs are a collection of carefully restored local pubs based in Londonfalsefalsefalse 03177224 2024-07-01 2025-06-30 03177224 2023-07-01 2024-06-30 03177224 2025-06-30 03177224 2024-06-30 03177224 2023-07-01 03177224 1 2024-07-01 2025-06-30 03177224 1 2023-07-01 2024-06-30 03177224 4 2024-07-01 2025-06-30 03177224 4 2023-07-01 2024-06-30 03177224 5 2024-07-01 2025-06-30 03177224 5 2023-07-01 2024-06-30 03177224 d:CompanySecretary1 2024-07-01 2025-06-30 03177224 d:Director1 2024-07-01 2025-06-30 03177224 d:Director2 2024-07-01 2025-06-30 03177224 d:Director3 2024-07-01 2025-06-30 03177224 d:Director3 2025-06-30 03177224 d:Director4 2024-07-01 2025-06-30 03177224 d:RegisteredOffice 2024-07-01 2025-06-30 03177224 e:Buildings 2024-07-01 2025-06-30 03177224 e:Buildings 2025-06-30 03177224 e:Buildings 2024-06-30 03177224 e:Buildings e:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 03177224 e:Buildings e:LongLeaseholdAssets 2024-07-01 2025-06-30 03177224 e:Buildings e:LongLeaseholdAssets 2025-06-30 03177224 e:Buildings e:LongLeaseholdAssets 2024-06-30 03177224 e:Buildings e:ShortLeaseholdAssets 2024-07-01 2025-06-30 03177224 e:Buildings e:ShortLeaseholdAssets 2025-06-30 03177224 e:Buildings e:ShortLeaseholdAssets 2024-06-30 03177224 e:LandBuildings 2025-06-30 03177224 e:LandBuildings 2024-06-30 03177224 e:PlantMachinery 2024-07-01 2025-06-30 03177224 e:PlantMachinery 2025-06-30 03177224 e:PlantMachinery 2024-06-30 03177224 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 03177224 e:MotorVehicles 2024-07-01 2025-06-30 03177224 e:MotorVehicles 2025-06-30 03177224 e:MotorVehicles 2024-06-30 03177224 e:MotorVehicles e:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 03177224 e:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 03177224 e:Goodwill 2025-06-30 03177224 e:Goodwill 2024-06-30 03177224 e:CurrentFinancialInstruments 2025-06-30 03177224 e:CurrentFinancialInstruments 2024-06-30 03177224 e:Non-currentFinancialInstruments 2025-06-30 03177224 e:Non-currentFinancialInstruments 2024-06-30 03177224 e:CurrentFinancialInstruments e:WithinOneYear 2025-06-30 03177224 e:CurrentFinancialInstruments e:WithinOneYear 2024-06-30 03177224 e:Non-currentFinancialInstruments e:AfterOneYear 2025-06-30 03177224 e:Non-currentFinancialInstruments e:AfterOneYear 2024-06-30 03177224 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2025-06-30 03177224 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-06-30 03177224 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2025-06-30 03177224 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-06-30 03177224 e:ReportableOperatingSegment1 2024-07-01 2025-06-30 03177224 e:ReportableOperatingSegment1 2023-07-01 2024-06-30 03177224 e:ReportableOperatingSegment2 2024-07-01 2025-06-30 03177224 e:ReportableOperatingSegment2 2023-07-01 2024-06-30 03177224 e:UKTax 2024-07-01 2025-06-30 03177224 e:UKTax 2023-07-01 2024-06-30 03177224 e:ShareCapital 2025-06-30 03177224 e:ShareCapital 2024-06-30 03177224 e:SharePremium 2024-07-01 2025-06-30 03177224 e:SharePremium 2025-06-30 03177224 e:SharePremium 2024-06-30 03177224 e:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 03177224 e:RetainedEarningsAccumulatedLosses 2025-06-30 03177224 e:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 03177224 e:RetainedEarningsAccumulatedLosses 2024-06-30 03177224 e:RetainedEarningsAccumulatedLosses 2023-07-01 03177224 e:AcceleratedTaxDepreciationDeferredTax 2025-06-30 03177224 e:AcceleratedTaxDepreciationDeferredTax 2024-06-30 03177224 d:OrdinaryShareClass1 2024-07-01 2025-06-30 03177224 d:OrdinaryShareClass1 2025-06-30 03177224 d:OrdinaryShareClass1 2024-06-30 03177224 d:FRS102 2024-07-01 2025-06-30 03177224 d:Audited 2024-07-01 2025-06-30 03177224 d:FullAccounts 2024-07-01 2025-06-30 03177224 d:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 03177224 e:WithinOneYear 2025-06-30 03177224 e:WithinOneYear 2024-06-30 03177224 e:BetweenOneFiveYears 2025-06-30 03177224 e:BetweenOneFiveYears 2024-06-30 03177224 e:MoreThanFiveYears 2025-06-30 03177224 e:MoreThanFiveYears 2024-06-30 03177224 2 2024-07-01 2025-06-30 03177224 f:PoundSterling 2024-07-01 2025-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 03177224









REMARKABLE PUBS LIMITED









ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

 
REMARKABLE PUBS LIMITED
 
 
COMPANY INFORMATION


Directors
Mr J G Miller 
Ms L R Moss 
Mr A C Summers 
Mr R L Thomas 




Company secretary
Ms L R Moss



Registered number
03177224



Registered office
336 Old Street

London

EC1V 9DR




Independent auditor
Barnes Roffe Audit Limited
Chartered Accountants 
Statutory Auditor

Level 41A

Tower 42

25 Old Broad Street

London

EC2N 1HQ





 
REMARKABLE PUBS LIMITED
 

CONTENTS



Page
Strategic report
 
1 - 2
Directors' report
 
3 - 4
Independent auditor's report
 
5 - 8
Statement of income and retained earnings
 
9
Balance sheet
 
10
Statement of cash flows
 
11 - 12
Analysis of net debt
 
13
Notes to the financial statements
 
14 - 29

 
REMARKABLE PUBS LIMITED
 
 
STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2025

Introduction
 
The directors present their strategic report for the year ended 30 June 2025.

Business review
 
Remarkable Pubs Limited is a collection of 11 distinctively individual, principally freehold, London pubs. All of which were trading throughout the year.

During the year to 30 June 2025 the company continued to concentrate on rebuilding its trade and seek sites that are suitable for investment. This resulted in the acquisition of a 100 year lease on a site in November 2023, the refurbishment of which was completed in September 2024.

Other points to note in the year to 30 June 2025:
1.Our annual house by house, line by line price review took place and price changes were implemented in November 2025. The directors' aim is to charge no more or no less than our customers are prepared to pay. The directors believe the decisions made lead to bar tariffs that match customers' expectations and are in line with the market place for our style of premium pubs.
2.The company continued to engage with its customers through targeted, face to face consumer research to better understand the company's performance through their eyes and to understand what the company should continue doing, start doing and stop doing.
3.The company has continued its Health & Safety and Fire Prevention programme of implementing new processes, training and checking systems throughout the year to the best of its ability.
4.There has been extensive refurbishment works in 2024/2025 across the sites.

All of the above items have resulted in commercially stronger and more informed businesses run from premises that are safer for our managers, teams, customers and suppliers.

Principal risks and uncertainties
 
The process of risk acceptance and risk management is addressed by a variety of policies, procedures and internal controls. All policies are subject to board approval and ongoing review by management. Compliance with regulatory, legal and ethical standards is very important in reducing the principal risks affecting the business of the company and the directors take on an important oversight role in this regard.

The principal risks affecting the profitability of the company arise from:
1.Recruitment of key personnel is still an issue.
2.The high cost of energy and uncertainty of further increases in the near future has had and will continue to have a huge impact on the profitability of the company.
3.The cost of housing in London impacting on customers' disposable income and the associated impact on retail selling price elasticity in our business.
4.The increase in interest rates.
5.The financial impact of continuing large increases in the rate of the national Minimum Wage for all ages in April 2025.
6.The impact on the pub visitors as a result of the rise in the cost of living.
7.The increase of draconian Local Government licensing restrictions and associated increased fees.

Results and performance
 
The results of the company for the year under review show a profit on ordinary activities before taxation of £740,715 (2024 - £1,162,481). The shareholder's funds total £12,118,098 (2024 - £11,617,648).

Although the trading results of the company, during the year to 30 June 2025, have continued to increase, the profitability of the company has reduced due to increased cost of sales and overheads.

Page 1

 
REMARKABLE PUBS LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025

Future Developments
 
The company's business ethos of reinvesting profits back into the business has not wavered. The company directors are constantly on the look out for new sites to invest in and during the prior year have acquired an eleventh site. During the year ended 30 June 2026, the company is considering further acquistions and disposals of less profitable sites. 

Throughout the year to 30 June 2025, the company has consolidated its position in the market and has achieved increased turnover. The management of the company continues to review purchasing deals with major suppliers to achieve the best rates possible for the benefit of the company.

All in all, the directors continue to remain confident that as a result of prudent business decisions in the past the company is in a very healthy state.


This report was approved by the board on 27 March 2026 and signed on its behalf.



Mr R L Thomas
Director
Page 2

 
REMARKABLE PUBS LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2025

The directors present their report and the financial statements for the year ended 30 June 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £500,450 (2024 - £853,168).

During the year, the directors declared dividends of £Nil (2024 - £Nil)

Directors

The directors who served during the year were:

Mr J G Miller 
Ms L R Moss 
Mr A C Summers (appointed 23 June 2025)
Mr R L Thomas 

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Page 3

 
REMARKABLE PUBS LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025

Auditor

The auditor, Barnes Roffe Audit Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 27 March 2026 and signed on its behalf.
 





Mr R L Thomas
Director
Page 4

 
REMARKABLE PUBS LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF REMARKABLE PUBS LIMITED
 

Opinion


We have audited the financial statements of Remarkable Pubs Limited (the 'Company') for the year ended 30 June 2025, which comprise the Statement of income and retained earnings, the Analysis of net debt, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 30 June 2025 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 5

 
REMARKABLE PUBS LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF REMARKABLE PUBS LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 6

 
REMARKABLE PUBS LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF REMARKABLE PUBS LIMITED (CONTINUED)


Auditor's responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with law and regulations, was as follows:

The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
We identified the laws and regulations applicable to the Company through discussion with directors and other management, and from our commercial knowledge and experience of the relevant sector;
The specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, are as follows;
- Companies Act 2006
- FRS102
- Health and Safety legislation
- Employment legislation
- Tax legislation
We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, reviewing board minutes and inspecting legal correspondence; and
Laws and regulations were communicated within the audit team at the planning meeting, and during the audit as any further laws and regulation were identified.

We assessed the susceptibility of the Company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur by:

Making enquires of management as to where they consider there was susceptibility to fraud, their
knowledge of actual suspected and alleged fraud;
Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations;
Reviewing the financial statements and testing the disclosures against supporting documentation;
Performing analytical procedures to identify any unusual or unexpected trends or anomalies;
Inspecting and testing journal entries to identify unusual or unexpected transactions;
Assessing whether judgements and assumptions made in determining significant accounting estimates,
including stock obsolescence, depreciation and bad debt provision were indicative of management bias;
and
Investigating the rationale behind significant transactions, or transactions that are unusual or outside the
company’s usual course of business.

Page 7

 
REMARKABLE PUBS LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF REMARKABLE PUBS LIMITED (CONTINUED)


The areas that we identified as being susceptible to misstatement through fraud were:
 
Management bias in the estimates and judgements made;
Management override of controls; and
Posting of unusual journals or transactions.


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Andrew Barnes (Senior Statutory Auditor)
for and on behalf of
Barnes Roffe Audit Limited
Chartered Accountants
Statutory Auditor
Level 41A
Tower 42
25 Old Broad Street
London
EC2N 1HQ

8 April 2026
Page 8

 
REMARKABLE PUBS LIMITED
 
 
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 30 JUNE 2025

2025
2024
Note
£
£

Turnover
 4 
8,541,852
7,828,668

Cost of sales
  
(4,914,675)
(4,329,738)

Gross profit
  
3,627,177
3,498,930

Administrative expenses
  
(3,005,223)
(2,511,181)

Other operating income
  
135,870
203,547

Operating profit
 6 
757,824
1,191,296

Interest receivable and similar income
 10 
43,280
49,708

Interest payable and similar charges
 11 
(60,389)
(78,523)

Profit before tax
  
740,715
1,162,481

Tax on profit
 12 
(240,265)
(309,313)

Profit after tax
  
500,450
853,168

  

Retained earnings at the beginning of the year
  
10,547,651
9,694,483

Profit for the year
  
500,450
853,168

Retained earnings at the end of the year
  
11,048,101
10,547,651

The notes on pages 14 to 29 form part of these financial statements.
Page 9

 
REMARKABLE PUBS LIMITED
REGISTERED NUMBER: 03177224

BALANCE SHEET
AS AT 30 JUNE 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 14 
11,845,770
11,772,557

Current assets
  

Stocks
 15 
164,221
141,233

Debtors: amounts falling due within one year
 16 
1,075,042
878,275

Cash at bank and in hand
 17 
1,372,277
991,254

  
2,611,540
2,010,762

Creditors: amounts falling due within one year
 18 
(2,166,717)
(1,747,579)

Net current assets
  
 
 
444,823
 
 
263,183

Total assets less current liabilities
  
12,290,593
12,035,740

Creditors: amounts falling due after more than one year
  
-
(245,597)

Provisions for liabilities
  

Deferred tax
  
(172,495)
(172,495)

Net assets
  
12,118,098
11,617,648


Capital and reserves
  

Called up share capital 
 22 
78,334
78,334

Share premium account
 23 
991,663
991,663

Profit and loss account
 23 
11,048,101
10,547,651

  
12,118,098
11,617,648


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2026.




Mr R L Thomas
Director

The notes on pages 14 to 29 form part of these financial statements.
Page 10

 
REMARKABLE PUBS LIMITED
 

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2025

2025
2024
£
£

Cash flows from operating activities

Profit for the financial year
500,450
853,168

Adjustments for:

Amortisation of intangible assets
-
30,000

Depreciation of tangible assets
182,555
162,450

Loss on disposal of tangible assets
-
3,012

Interest paid
60,389
77,523

Interest received
(43,280)
(49,708)

Taxation charge
240,265
309,313

(Increase)/decrease in stocks
(22,988)
9,906

(Increase) in debtors
(196,767)
(216,225)

Increase/(decrease) in creditors
405,075
(56,004)

Corporation tax (paid)
(480,050)
(273,910)

Net cash generated from operating activities

645,649
849,525

Cash flows from investing activities

Purchase of tangible fixed assets
(255,768)
(1,853,449)

Interest received and similar income
43,280
49,708

Net cash from investing activities

(212,488)
(1,803,741)
Page 11

 
REMARKABLE PUBS LIMITED
 

STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025


2025
2024

£
£



Cash flows from financing activities

Repayment of loans
(275,997)
(28,578)

Interest paid and similar charges
(60,389)
(77,523)

Amounts introduced by directors
284,248
298

Amounts withdrawn by directors
-
(856,238)

Net cash used in financing activities
(52,138)
(962,041)

Net increase/(decrease) in cash and cash equivalents
381,023
(1,916,257)

Cash and cash equivalents at beginning of year
991,254
2,907,511

Cash and cash equivalents at the end of year
1,372,277
991,254


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
1,372,277
991,254

1,372,277
991,254


The notes on pages 14 to 29 form part of these financial statements.

Page 12

 
REMARKABLE PUBS LIMITED
 

ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 30 JUNE 2025




At 1 July 2024
Cash flows
At 30 June 2025
£

£

£

Cash at bank and in hand

991,254

381,023

1,372,277

Debt due after 1 year

(30,400)

30,400

-

Debt due within 1 year

(245,597)

(375,996)

(621,593)


715,257
35,427
750,684

The notes on pages 14 to 29 form part of these financial statements.
Page 13

 
REMARKABLE PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

1.


General information

Remarkable Pubs Limited 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.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 14

 
REMARKABLE PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Rental income

Rental income from operating leases is recognised on a straight line basis over the term of the lease.

 
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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 15

 
REMARKABLE PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

 
2.6

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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Current and deferred taxation

The tax expense for the year 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 income 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

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

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 16

 
REMARKABLE PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following annual bases:

Freehold property
-
See Note 2.12
Long-term leasehold property
-
In accordance with the lease terms
Leasehold property
-
In accordance with the lease terms
Fixtures and fittings
-
10% straight line
Motor vehicles
-
25% 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.

  
2.11

Freehold property - Buildings

Freehold buildings are depreciated to their estimated residual values over a period of 100 years from the date of acquisition. Residual value is reviewed at least every financial year. In order to allocate depreciation to the freehold buildings a number of critical judgements and estimations have been used. Land value has been estimated at the date of acquisition and that value has not been depreciated. 

The estimated cost of replacing the roof of each building and the estimated useful life of that roof, generally between 15 to 20 years, has been independently assessed, depending on the type of roof, and the estimated cost of replacement has been written off over the residual life of each roof from the date of acquisition. 

The remainder of the cost of each building and any improvements carried out to the buildings, less the estimated residual value of each building are being written off over an estimated useful life of 100 years.

 
2.12

Stocks

Stocks 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.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 17

 
REMARKABLE PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

 
2.15

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.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
 
Page 18

 
REMARKABLE PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)


2.17
Financial instruments (continued)


Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 19

 
REMARKABLE PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, which are described in Note 2, management are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Valuation of land and buildings

In particular, there is a large degree of uncertainty, judgement and estimation used in order to implement the company's policy of depreciation of freehold buildings which includes assessing the value of the land on which those buildings stand as well as estimating the residual value of those buildings and their estimated useful life. The carrying value of land and buildings at 30 June 2025 is £9,407,574 (2024 - £9,428,280).


4.


Turnover

An analysis of turnover by class of business is as follows:


2025
2024
£
£

Pub turnover
7,852,325
7,400,498

Management services
689,527
428,170

8,541,852
7,828,668


All turnover arose within the United Kingdom.


5.


Other operating income

2025
2024
£
£

Net rents receivable
135,494
139,713

Sundry receipts
376
63,834

135,870
203,547


Page 20

 
REMARKABLE PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

6.


Operating profit

The operating profit is stated after charging:

2025
2024
£
£

Depreciation owned assets
182,555
162,450

Exchange differences
(11,386)
1,015

Goodwill amortisation
-
30,000

Auditor's remuneration
17,000
15,000

Other operating lease rentals
336,378
276,500

Inventories recognised as an expense during the year
2,701,740
2,257,820


7.


Auditor's remuneration

During the year, the Company obtained the following services from the Company's auditor:


2025
2024
£
£

Fees payable to the Company's auditor for the audit of the Company's financial statements
17,000
15,500

8.


Employees

Staff costs, including directors' remuneration, were as follows:


2025
2024
£
£

Wages and salaries
2,241,898
1,854,767


The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Bar staff
126
104



Administrative staff
10
6



Directors
2
2

138
112

Page 21

 
REMARKABLE PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

9.


Directors' remuneration

2025
2024
£
£

Directors' emoluments
42,443
41,535



10.


Interest receivable and similar income

2025
2024
£
£


Other interest receivable
43,280
49,708


11.


Interest payable and similar charges

2025
2024
£
£


Other loan interest payable
60,389
78,523


12.


Taxation


2025
2024
£
£

Corporation tax


Current tax on profits for the year
240,265
290,050

Total current tax
240,265
290,050

Deferred tax


Origination and reversal of timing differences
-
19,263

Total deferred tax
-
19,263

Tax on profit
 
240,265
 
309,313
Page 22

 
REMARKABLE PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
 
12.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is higher than (2024 - higher than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:

2025
2024
£
£


Profit on ordinary activities before tax
740,715
1,162,481


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)
185,179
290,620

Effects of:


Non-tax deductible amortisation of goodwill and impairment
-
7,500

Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
68,121
2,189

Capital allowances for year in excess of depreciation
(13,035)
(10,259)

Deferred tax
-
19,263

Total tax charge for the year
240,265
309,313


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 23

 
REMARKABLE PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

13.


Intangible assets




Goodwill

£



Cost


At 1 July 2024
300,000



At 30 June 2025

300,000



Amortisation


At 1 July 2024
300,000



At 30 June 2025

300,000



Net book value



At 30 June 2025
-



At 30 June 2024
-


Page 24

 
REMARKABLE PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

14.


Tangible fixed assets


Freehold property
Long-term leasehold property
Short-term leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£
£
£



Cost


At 1 July 2024
9,637,693
1,651,750
204,736
1,721,017
4,995
13,220,191


Additions
-
60,790
-
194,978
-
255,768



At 30 June 2025

9,637,693
1,712,540
204,736
1,915,995
4,995
13,475,959



Depreciation


At 1 July 2024
209,413
16,517
193,820
1,022,891
4,993
1,447,634


Charge for the year on owned assets
20,706
16,517
2,589
142,743
-
182,555



At 30 June 2025

230,119
33,034
196,409
1,165,634
4,993
1,630,189



Net book value



At 30 June 2025
9,407,574
1,679,506
8,327
750,361
2
11,845,770



At 30 June 2024
9,428,280
1,635,233
10,916
698,126
2
11,772,557




The net book value of land and buildings may be further analysed as follows:


2025
2024
£
£

Freehold
9,407,574
9,428,280

Long leasehold
1,679,506
1,635,233

Short leasehold
8,327
10,916

11,095,407
11,074,429



15.


Stocks

2025
2024
£
£

Finished goods and goods for resale
164,221
141,233


Page 25

 
REMARKABLE PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

16.


Debtors

2025
2024
£
£


Trade debtors
367,910
458,451

Other debtors
538,066
250,758

Prepayments and accrued income
169,066
169,066

1,075,042
878,275



17.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
1,372,277
991,254



18.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
-
30,400

Trade creditors
664,152
551,306

Corporation tax
67,714
307,499

Other taxation and social security
215,433
187,454

Other creditors
1,143,674
596,103

Accruals and deferred income
75,744
74,817

2,166,717
1,747,579



19.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
-
245,597


Page 26

 
REMARKABLE PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

20.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
-
30,400

Amounts falling due 1-2 years

Bank loans
-
60,800

Amounts falling due 2-5 years

Bank loans
-
184,797

-
275,997



21.


Deferred taxation




2025


£



At beginning of year
172,495



At end of year
172,495

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
172,495
172,495


22.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



78,334 (2024 - 78,334) Ordinary shares of £1.00 each
78,334
78,334


Page 27

 
REMARKABLE PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

23.


Reserves

Share premium account

Share premium account comprises of premiums paid for shares in excess of the nominal share capital value.

Profit and loss account

The statement of income and retained earnings account represents cumulative distributable profits and losses net of dividends and other adjustments.


24.


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 £32,925 (2024 - £26,104). Contributions totalling £32,925 (2024 - £11,314) were payable to the fund at the balance sheet date and are included in creditors.


25.


Commitments under operating leases

At 30 June 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
300,250
270,250

Later than 1 year and not later than 5 years
898,167
974,000

Later than 5 years
507,833
697,895

1,706,250
1,942,145


26.


Transactions with directors

During the year, the directors loaned £302,778 (2024 - £298) to the company and the company repaid £18,530 (2024 - £856,238) to the directors. At the year end, the company owed the directors £621,593 (2024 - £337,345). The total interest paid to directors in respect of loans was £53,296 (2024 - £53,296).


27.


Related party transactions

During the course of its trading activities the company provides management and support services and supplies imported lager to other public houses and restaurants some of which are subject to common control with the company. 

The value of such services credited to the profit and loss account during he year under review amounts to £301,735 
(2024 - £270,159). The amount due to the company in relation to these services at the year end totalled £349,508 (2024 - £242,520).

Page 28

 
REMARKABLE PUBS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

28.


Controlling party

The controlling party is Mr R L Thomas.
 
Page 29