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Registered number: 06716369 M G PUBS LTD UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025 These draft accounts may be subject to material change before finalisation. This information is provided in confidence and is only to be used by the addressee. Wellers and its employees can accept no responsibility (financial or otherwise) in connection with the information provided. If necessary, please contact the relevant office for further clarification.
M G PUBS LTD REGISTERED NUMBER: 06716369 BALANCE SHEET AS AT 28 DECEMBER 2025
|  | 28 December |  | 29 December
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 168,266 |  | 193,338
|  |  | 168,266 |  | 193,338
Current assets |  |  |  |  |
Stocks | 6 | 232,514 |  | 187,050 |
Debtors | 7 | 173,618 |  | 158,868 |
Cash at bank and in hand |  | 748,037 |  | 754,027 |
|  | 1,154,169 |  | 1,099,945 |
Creditors: amounts falling due within one year | 8 | (515,627) |  | (582,132) |
Net current assets |  |  | 638,542 |  | 517,813
Total assets less current liabilities |  |  | 806,808 |  | 711,151
Creditors: amounts falling due after more than one year | 9 |  | - |  | (4,463)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (15,044) |  | (18,552) |
|  |  | (15,044) |  | (18,552)
Net assets |  |  | 791,764 |  | 688,136
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 200 |  | 200
Profit and loss account |  |  | 791,564 |  | 687,936
|  |  | 791,764 |  | 688,136
Page 1
M G PUBS LTD REGISTERED NUMBER: 06716369 BALANCE SHEET (CONTINUED) AS AT 28 DECEMBER 2025 The directors consider 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 directors acknowledge their 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 statement of income and retained earnings 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:
................................................ Mr N Gibson
Director
Date: 15 June 2026
The notes on pages 3 to 10 form part of these financial statements. Page 2
M G PUBS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025
1. | General information
M G Pubs Limited is a Private Company, limited by share capital, incorporated in England and Wales with registration number 06716369. The address of the registered office is 3rd Floor The Coade, 98 Vauxhall Walk, London, SE11 5EL. . 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 requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
| 2.2 | 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. The following criteria must also be met before turnover is recognised: Sale of goods Turnover 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 turnover 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.
| 2.3 | 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.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 3
M G PUBS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025 2.Accounting policies (continued)
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
| 2.7 | Pensions
Defined contribution pension plan The company contributes into 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. Page 4
M G PUBS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025 2.Accounting policies (continued)
| 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 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. Page 5
M G PUBS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025 2.Accounting policies (continued)
| 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. 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:
|  |  |  | S/Term Leasehold Property | - | 4% |
|  |  |  | Plant & machinery | - | 15% |
|  |  |  | Fixtures & fittings | - | 15% |
|  |  |  | Office equipment | - | 33% |
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 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 weighted average basis. 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. 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.
| 2.12 | 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.
| 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. Page 6
M G PUBS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025 2.Accounting policies (continued)
| 2.14 | 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.
| 2.15 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The key judgments are as follows:- Valuation of tangible fixed assets: Tangible fixed assets are depreciated over their useful economic life taking into account, where appropriate, residual values. Assessment of useful lives and residual values are performed annually. In assessing the residual values, the remaining life of the asset, its projected disposal value and future market conditions are taken into account.
4. | Employees
| The average monthly number of employees, including directors, during the period was 34 (2024 - 34).
Page 7
M G PUBS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025
5. | Tangible fixed assets
|  | S/Term Leasehold Property | Plant & machinery | Fixtures & fittings | Office equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 30 December 2024 | 280,719 | 94,359 | 35,828 | 9,527 | 420,433
| Additions | - | 1,936 | 1,139 | 150 | 3,225
| At 28 December 2025 | 280,719 | 96,295 | 36,967 | 9,677 | 423,658
| Depreciation |  |  |  |  |
| At 30 December 2024 | 163,071 | 33,267 | 23,975 | 6,783 | 227,096
| Charge for the period on owned assets | 10,778 | 12,902 | 3,168 | 1,449 | 28,297
| At 28 December 2025 | 173,849 | 46,169 | 27,143 | 8,232 | 255,393
| Net book value |  |  |  |  |
| At 28 December 2025 | 106,870 | 50,126 | 9,824 | 1,445 | 168,265
| At 29 December 2024 | 117,648 | 61,092 | 11,854 | 2,744 | 193,338
6. | Stocks
|  |  |  |  | 28 December | 29 December
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Food and beverages | 232,514 | 187,050
|  | 232,514 | 187,050
Page 8
M G PUBS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025
7. | Debtors
|  |  |  |  | 28 December | 29 December
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Other debtors | 75,000 | 75,000
|  | 75,000 | 75,000
| Due within one year |  |
| Trade debtors | 55,470 | 43,234
| Other debtors | - | 1,721
| Prepayments and accrued income | 43,148 | 38,913
|  | 173,618 | 158,868
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 28 December | 29 December
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 4,640 | 11,269
| Trade creditors | 118,985 | 142,849
| Corporation tax | 75,699 | 80,897
| Other taxation and social security | 185,966 | 199,168
| Other creditors | 68,544 | 92,832
| Accruals and deferred income | 61,793 | 55,117
|  | 515,627 | 582,132
| The above bank loan balance represents a Bounce Back Loan under The Bounce Back Loan Scheme (BBLS). The BBLS is 100% government backed and as such the Company has not pledged any securities against this loan.
Page 9
M G PUBS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 28 December | 29 December
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 4,463
|  | - | 4,463
| The above bank loan balance represents a Bounce Back Loan under The Bounce Back Loan Scheme (BBLS). The BBLS is 100% government backed and as such the Company has not pledged any securities against this loan.
10. | Pension commitments
The company contributes into 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 £21,892 (2024: £23,842). Contributions totalling £6,661 (2024: £6,803) were payable to the fund at the balance sheet date and are included in creditors.
Page 10