REGISTERED NUMBER: 04841527

J W BASSETT PUBS AND BARS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N A Bassett

Mr J W Bassett

SECRETARY:

Mrs N A Bassett

REGISTERED OFFICE:

1st Floor Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

REGISTERED NUMBER:

04841527

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Tangible assets

4

3,255,257

2,033,465

CURRENT ASSETS

Stocks

126,406

123,264

Debtors

5

41,560

41,560

Cash at bank and in hand

2,668,322

2,012,801

2,836,288

2,177,625

CREDITORS

Amounts falling due within one year

6

652,003

501,094

NET CURRENT ASSETS

2,184,285

1,676,531

TOTAL ASSETS LESS CURRENT LIABILITIES

5,439,542

3,709,996

PROVISIONS FOR LIABILITIES

605,057

159,074

NET ASSETS

4,834,485

3,550,922

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

8

2,226,930

1,356,031

Retained earnings

2,607,553

2,194,889

SHAREHOLDERS' FUNDS

4,834,485

3,550,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th May 2026 and were signed on its behalf by:

Mr J W Bassett - Director

1.	STATUTORY INFORMATION

J W Bassett Pubs And Bars Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnovever comprises retail sales at managed public houses and licenced premises exclusive of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% straight line on cost

Long leasehold

-

10% straight line on cost

Fixtures and fittings

-

15% straight line on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Government grants are recognised over the period for which the grant is intended to compensate. Grants that are receivable as compensation for expenses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 74 (2024 - 70 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Long

and

property

leasehold

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1st September 2024

2,181,233

5,016

503,287

2,689,536

Additions

-

-

20,749

20,749

Revaluations

978,767

-

-

978,767

At 31st August 2025

3,160,000

5,016

524,036

3,689,052

DEPRECIATION

At 1st September 2024

338,116

5,015

312,940

656,071

Charge for year

63,200

-

52,640

115,840

Revaluation adjustments

(338,116

)

-

-

(338,116

)

At 31st August 2025

63,200

5,015

365,580

433,795

NET BOOK VALUE

At 31st August 2025

3,096,800

1

158,456

3,255,257

At 31st August 2024

1,843,117

1

190,347

2,033,465

Cost or valuation at 31st August 2025 is represented by:

Fixtures

Freehold

Long

and

property

leasehold

fittings

Totals

£

£

£

£

Valuation in 2025

978,767

-

-

978,767

Valuation in 2019

1,441,460

-

-

1,441,460

Cost

739,773

5,016

524,036

1,268,825

3,160,000

5,016

524,036

3,689,052

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

41,560

41,560

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

452,323

346,429

Other creditors

199,680

154,665

652,003

501,094

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

201,000

201,000

Between one and five years

804,000

804,000

In more than five years

1,795,000

1,996,000

2,800,000

3,001,000

8.

RESERVES

Revaluation

reserve

£

At 1st September 2024

1,356,031

Revaluation in the year

870,899

At 31st August 2025

2,226,930