REGISTERED NUMBER: 06507673 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 31 March 2025

for

YE OLDE ROSE AND CROWN THEATRE PUB LTD

Page

Company Information

1

Report of the Directors

2

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

Mr A C Yon

Mr A G J Clingham

Mr P A Constantinou

Mrs J B Constantinou Litton

SECRETARY:

Mr A C Yon

REGISTERED OFFICE:

130a Darkes Lane

Potters Bar

Hertfordshire

EN6 1AF

REGISTERED NUMBER:

06507673 (England and Wales)

ACCOUNTANTS:

CAS MCGEE LTD

Chartered Certified Accountants

130A Darkes Lane

Potters Bar

Hertfordshire

EN6 1AF

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a public house.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

Mr A C Yon

Mr A G J Clingham

Mr P A Constantinou

Other changes in directors holding office are as follows:

Mrs J B Constantinou Litton - appointed 1 August 2024

THE ONGOING RUSSIA-UKRAINE CONFLICT AND ISRAELI-GAZA AND MIDDLE EAST CONFLICTS

The ongoing Russia-Ukraine conflict has resulted in going concern becoming a significant risk. The United States and Europe have avoided direct military conflict with Russia amid its conflict with Ukraine. They have however used a set of financial sanctions to limit Russia's access to financial resources. The impact of the sanctions may result in difficulties for the company to operate. Neither Ye Olde Rose and Crown Theatre Pub Limited nor the owners are currently on the sanctions list at the time of this report, however this may change as the situation changes.

The ongoing Israeli-Gaza and middle east conflict has resulted in having no major impact to cause any significant operational risks and that the company continues to assess the nature and extent of risks and uncertainties arising from these events.

BREXIT

The Company need to continue to assess the nature and extent of risks and uncertainties arising from Brexit. The UK and EU are still within negotiations as to how the future trading relationship will operate after the transition period has ended. The conclusion of those discussions and subsequent agreements may impact on the future performance and position of the business including its solvency, liquidity and going concern. As such, appropriate disclosures should be given as part of the reporting requirements within the Strategic Report/Directors' Report.

IMPACT ON COVID-19 AND GOING CONCERN

We draw your attention to note 14 of the financial statements, which describes the Company's assessment of the COVID-19 impact on its ability to continue as a going concern. The Company have explained that the events arising from the COVID-19 outbreak do not impact its use of the going concern basis of preparation nor do they cast significant doubt about the Company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.

CORONAVIRUS (COVID-19)

The spread of coronavirus (COVID-19) is having a disrupting effect on global markets, staffing, supply chains, and general business operations. Whilst the outbreak was initially focussed in China, it has spread across a significant number of countries worldwide.

As such, the Company should assess the nature and extent of risks and uncertainties arising from the coronavirus. In doing so, the Company should consider what disclosures should be included within the Directors' Report, where relevant.

It is important to remember that the disclosures needed in the Directors' Report are likely to change over time as new information comes to light.

CLIMATE CHANGES AND ENVIRONMENTAL RISKS AND RESPONSIBILITIES

Due to the nature of the entity's operational activities there's no exposure to significant environmental risks.

Despite the fact that our organisation offers public house related services, we are always considering the environmental sustainability. Future business performance will be impacted by our ability to effectively manage the transition to a low carbon economy balancing commercial decisions with the environmental responsibility, agreeing business-wide decarbonisation priorities and managing changes in customer preferences.

This includes management of the increasing costs associated with sustainable materials, recycling carbon pricing and further technological, policy and regulatory interventions.

We are operating in a world and a sector with high pressure from carbon-conscious customers, government bodies and regulators to operate in a more environmentally conscious manner. To respond to the circular economy, waste reduction and low carbon products and use of a recycled parts and related components.

The Board acknowledges that environmental protection is one of the company's business responsibilities. It aims for a continuous improvement in the company's environmental performance and to comply with all relevant regulations.

Also, the Board does not consider that this line of business has a large adverse impact upon the environment. As a result, the company does not manage its business by reference to any environmental key performance indicators. The company seeks to maintain a high proportion of its records electronically and of the paper it does use, over 80% of its paper consumption is recycled through the use of recycling bags.

Ye Olde Rose and Crown Theatre Pub Limited aims to be aware at all times of its social and ethical impact on the environment, climate changes and society in general. To this end, Ye Olde Rose and Crown Theatre Pub Limited will continue to review ways it can reduce its carbon footprint and impact on the environment and work in a sustainable manner and in any other ways that might affect climate changes. The company will treat all employees and stakeholders fairly and ethically, and the company will look to source and partake in Socially Responsible Investments.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr A C Yon - Director

11 May 2026

FIXED ASSETS

Tangible assets

4

1,834

3,406

CURRENT ASSETS

Stocks

5

10,190

8,656

Debtors

6

36,121

35,502

Cash at bank and in hand

119,293

103,507

165,604

147,665

CREDITORS

Amounts falling due within one year

7

82,676

75,237

NET CURRENT ASSETS

82,928

72,428

TOTAL ASSETS LESS CURRENT LIABILITIES

84,762

75,834

CREDITORS

Amounts falling due after more than one year

8

(3,911

)

(5,866

)

PROVISIONS FOR LIABILITIES

9

(579

)

(463

)

NET ASSETS

80,272

69,505

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10

80,172

69,405

SHAREHOLDERS' FUNDS

80,272

69,505

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 11 May 2026 and were signed on its behalf by:

Mr A C Yon - Director

1.	STATUTORY INFORMATION

YE OLDE ROSE AND CROWN THEATRE PUB LTD 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

Going concern

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Short leasehold

-

over 10 years

Plant and machinery

-

25% on reducing balance

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.

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.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Debtors

Short term debtors are measured at a transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised costs determined using the effective interest method, less any impairments losses for bad and doubtful debts.

Provisions

Provisions (ie./ liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

leasehold

machinery

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

17,124

42,437

59,561

DEPRECIATION

At 1 April 2024

16,161

39,994

56,155

Charge for year

962

610

1,572

At 31 March 2025

17,123

40,604

57,727

NET BOOK VALUE

At 31 March 2025

1

1,833

1,834

At 31 March 2024

963

2,443

3,406

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

10,190

8,656

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Rent deposit

25,072

24,453

Tax

1,063

1,063

Prepayments

9,986

9,986

36,121

35,502

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

36,063

36,063

Other creditor

187

572

Tax

1,058

-

Social security and other taxes

5,441

2,599

VAT

14,324

13,252

Directors' current accounts

15,161

13,570

Accrued expenses

10,442

9,181

82,676

75,237

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans more 5 yr by instal

3,911

5,866

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,911

5,866

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

579

463

Deferred

tax

£

Balance at 1 April 2024

463

Provided during year

116

Balance at 31 March 2025

579

10.

RESERVES

Retained

earnings

£

At 1 April 2024

69,405

Profit for the year

74,767

Dividends

(64,000

)

At 31 March 2025

80,172

11.	EVENTS AFTER THE REPORTING PERIOD

There were no essential either adjusting events or non-adjusting events in the period of time elapsing between the balance sheet date and the date on which these financial statements are prepared. The impact of COVID-19 is described in the Going Concern Consideration Note.

The ongoing Russia-Ukraine conflict has resulted in going concern becoming a significant risk. The United States and Europe have avoided direct military conflict with Russia amid its conflict with Ukraine. They have however used a set of financial sanctions to limit Russia's access to financial resources. The impact of the sanctions may result in difficulties for the company to operate. Neither Ye Olde Rose and Crown Theatre Pub Limited nor the owners are currently on the sanctions list at the time of this report, however this may change as the situation changes.

The ongoing Israel-Gaza and middle east conflict has resulted in having no major impact to cause any significant operational risks and that the company continues to assess the nature and extent of risks and uncertainties arising from these events.

12.	GOING CONCERN CONSIDERATION

The Company's management does not see a severe impact of COVID-19 outbreak to its activity. The Company tested the financial impact on the following areas of financial statements that can be affected:

- Breach of trade contracts

- Revenue

- Cost of sales

- Expenditure

- Inventories fair value measurements

- Debt repayment