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COMPANY REGISTRATION NUMBER: 9377576

Penrhyn Bar and Grill Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2026

Penrhyn Bar and Grill Limited

Statement of Financial Position

31 March 2026

| 2026 | 2025
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 51,757 | 51,392

Current assets

Stocks | 8,345 |  | 7,950
Debtors | 6 | 1,665 |  | 380
Cash at bank and in hand | 315,808 |  | 336,140
| --------- |  | ---------
| 325,818 |  | 344,470

Creditors: amounts falling due within one year | 7 | 22,030 |  | 35,298
| --------- |  | ---------
Net current assets |  | 303,788 | 309,172
|  | --------- | ---------
Total assets less current liabilities |  | 355,545 | 360,564

Provisions

Taxation including deferred tax |  | 9,661 | 9,765
|  | --------- | ---------
Net assets |  | 345,884 | 350,799
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 1 | 1
Profit and loss account |  | 345,883 | 350,798
|  | --------- | ---------
Shareholders funds |  | 345,884 | 350,799
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Penrhyn Bar and Grill Limited

Statement of Financial Position (continued)

31 March 2026
These financial statements were approved by the board of directors and authorised for issue on 14 July 2026 , and are signed on behalf of the board by:

Mr N Pocock |
Director |

Company registration number: 9377576

Penrhyn Bar and Grill Limited

Notes to the Financial Statements

Year ended 31 March 2026
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 94 High Street, Porthmadog, Gwynedd, LL49 9NW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company`s accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current rates and laws.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Leasehold property | - | 2% straight line
| Equipment, fixtures and fittings | - | 15% reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2025: 16 ).
5. Tangible assets

| Land and buildings | Fixtures and fittings | Total
| £ | £ | £
Cost |  |  |
At 1 April 2025 | 31,531 | 72,744 | 104,275
Additions | – | 11,569 | 11,569
Disposals | – | ( 20,164) | ( 20,164)
| -------- | -------- | ---------
At 31 March 2026 | 31,531 | 64,149 | 95,680
| -------- | -------- | ---------
Depreciation |  |  |
At 1 April 2025 | 5,564 | 47,319 | 52,883
Charge for the year | 520 | 4,643 | 5,163
Disposals | – | ( 14,123) | ( 14,123)
| -------- | -------- | ---------
At 31 March 2026 | 6,084 | 37,839 | 43,923
| -------- | -------- | ---------
Carrying amount |  |  |
At 31 March 2026 | 25,447 | 26,310 | 51,757
| -------- | -------- | ---------
At 31 March 2025 | 25,967 | 25,425 | 51,392
| -------- | -------- | ---------

6. Debtors

| 2026 | 2025
| £ | £
Other debtors | 1,665 | 380
| ------- | ----

7. Creditors: amounts falling due within one year

| 2026 | 2025
| £ | £
Trade creditors | 12,890 | 13,220
Corporation tax | – | 15,666
Social security and other taxes | 8,338 | 6,370
Other creditors | 802 | 42
| -------- | --------
| 22,030 | 35,298
| -------- | --------

8. Director's advances, credits and guarantees
There are no Directors' advances, credits or guarantees that need to be disclosed in the financial statements.