Gladewood Taverns (The Beehive) Limited
Unaudited Financial Statements
For the year ended 31 October 2025
Pages for Filing with Registrar
Company Registration No. 06872820 (England and Wales)
Gladewood Taverns (The Beehive) Limited
Company Information
Directors
T.W. Smith
L. Smith
Company number
06872820
Registered office
365 Footscray Road
London
SE9 2DR
Accountants
Moore Kingston Smith LLP
9 Appold Street
London
EC2A 2AP
Gladewood Taverns (The Beehive) Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Gladewood Taverns (The Beehive) Limited
Balance Sheet
As at 31 October 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,985
7,982
6,985
7,982
Current assets
Stock
12,561
27,448
Debtors
4
27,960
12,327
Cash at bank and in hand
8,940
40,229
49,461
80,004
Creditors: amounts falling due within one year
5
(45,524)
(56,078)
Net current assets
3,937
23,926
Total assets less current liabilities
10,922
31,908
Creditors: amounts falling due after more than one year
6
(23,204)
(28,541)
Provisions for liabilities
-
0
(1,995)
Net (liabilities)/assets
(12,282)
1,372
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(12,382)
1,272
Total equity
(12,282)
1,372

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Gladewood Taverns (The Beehive) Limited
Balance Sheet (Continued)
As at 31 October 2025
Page 2
The financial statements were approved by the board of directors and authorised for issue on 27 February 2026 and are signed on its behalf by:
T.W. Smith
Director
Company Registration No. 06872820
Gladewood Taverns (The Beehive) Limited
Notes to the Financial Statements
For the year ended 31 October 2025
Page 3
1
Accounting policies
Company information

Gladewood Taverns (The Beehive) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 365 Footscray Road, London, SE9 2DR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods sold net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% straight line
Plant and machinery etc.
10% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stock

Stock are stated at the lower of cost and net realisable value.

1.5
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic financial instruments measured at fair value.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Gladewood Taverns (The Beehive) Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
Page 4

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 9 (2024 - 9).

Gladewood Taverns (The Beehive) Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2025
Page 5
3
Tangible fixed assets
Leasehold improvements
Plant and machinery etc
Total
£
£
£
Cost
At 1 November 2024
31,964
63,963
95,927
Additions
-
0
548
548
At 31 October 2025
31,964
64,511
96,475
Depreciation and impairment
At 1 November 2024
31,964
55,983
87,947
Depreciation charged in the year
-
0
1,543
1,543
At 31 October 2025
31,964
57,526
89,490
Carrying amount
At 31 October 2025
-
0
6,985
6,985
At 31 October 2024
-
0
7,982
7,982
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,735
2,789
Corporation tax recoverable
5,529
-
0
Other debtors
18,696
9,538
27,960
12,327
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
5,556
5,556
Trade creditors
14,278
20,513
Corporation tax
2,011
3,733
Other taxation and social security
7,735
6,713
Other creditors
15,944
19,563
45,524
56,078

Included within other creditors are unpaid pension contributions amounting to £nil (2024: £nil).

Gladewood Taverns (The Beehive) Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2025
Page 6
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
23,204
28,541

The above balance represents the long term element of a Bounce Back Loan. The loan is an unsecured debt. During the first 12 months, the UK Government will pay interest, at 2.50% per annum, due under this loan to the lender as a Business Interruption Payment. The loan is repayable in 120 monthly instalments. There are 64 (2024: 76) monthly loan payments outstanding at the year end.

7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Within one year
40,000
40,000
Between two and five years
120,000
160,000
160,000
200,000
8
Related party transactions
Transactions with related parties

The company and Gladewood Taverns (The Wheatsheaf) Limited are under common control.

At the balance sheet date the company owed an amount £14,305 (2024: £14,305) to Gladewood Taverns (The Wheatsheaf) Limited.

At the balance sheet date T. W. Smith owed the company £4,579 (2024: £400 owed by the company) and L. Smith owed the company £4,579 (2024: £399 owed by the company). During the year the company voted dividends of £nil (2024: £6,000) to the directors.

9
Controlling party

The ultimate controlling parties are T.W. Smith and L. Smith.

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