REGISTERED NUMBER: 09426503 (England and Wales)

PROPER PUBS 2015 LIMITED

Unaudited Financial Statements

for the Year Ended 28 February 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

M Hynett

A M Twigg

Registered office:

1 Station Road

Whittaker Heath

West Midlands

B46 2JA

Registered number:

09426503 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

38,679

49,868

Current assets

Stocks

11,433

12,844

Debtors

5

48,983

42,020

Cash at bank

25,891

17,452

86,307

72,316

Creditors

Amounts falling due within one year

6

105,168

117,001

Net current liabilities

(18,861

)

(44,685

)

Total assets less current liabilities

19,818

5,183

Creditors

Amounts falling due after more than one year

7

-

5,000

Net assets

19,818

183

Capital and reserves

Called up share capital

8

2

2

Retained earnings

19,816

181

Shareholders' funds

19,818

183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 29 June 2026 and were signed on its behalf by:

A Twigg - Director

1.	Statutory information

Proper Pubs 2015 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

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.

Going concern

The company has experienced losses in recent periods. The directors believe the company will become profitable in the future and have confirmed continued support to ensure the company retains sufficient working capital to continue trading for the foreseeable future. Therefore the financial statements have been prepared on a going concern basis.

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

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Plant and machinery

-

33% on written-down value

Fixtures and fittings

-

20% on written-down value

Computer equipment

-

20% on written-down value

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	Employees and directors

The average number of employees during the year was 22 (2025 - 20 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 1 March 2025

and 28 February 2026

30,500

95,097

1,166

126,763

Depreciation

At 1 March 2025

21,383

54,703

809

76,895

Charge for year

3,040

8,078

71

11,189

At 28 February 2026

24,423

62,781

880

88,084

Net book value

At 28 February 2026

6,077

32,316

286

38,679

At 28 February 2025

9,117

40,394

357

49,868

5.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

15,397

5,060

Other debtors

27,218

23,950

Directors' current accounts

-

8,000

Prepayments

6,368

5,010

48,983

42,020

6.

Creditors: amounts falling due within one year

2026

2025

£

£

Bank loans and overdrafts

2,500

7,500

Trade creditors

32,706

48,939

Tax

10,515

-

Social security and other taxes

7,729

5,724

VAT

41,738

39,700

Other creditors

1,009

617

Directors' current accounts

1,367

1,367

Accrued expenses

7,604

13,154

105,168

117,001

7.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Bank loans

-

5,000

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary

£1

2

2

9.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

£

M Hynett

Balance outstanding at start of year

8,000

(500

)

Amounts advanced

5,000

13,500

Amounts repaid

(14,000

)

(5,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,000

)

8,000

A M Twigg

Balance outstanding at start of year

(1,367

)

(9,867

)

Amounts advanced

9,000

13,500

Amounts repaid

(8,000

)

(5,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(367

)

(1,367

)