Registration number: 09320674

South Downs Pubs and Catering Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

South Downs Pubs and Catering Limited

Company Information

Director

Ms Francesca Swan

Registered office

Wellesley House 204 London Road Waterlooville Hampshire England PO7 7AN

Accountants

MMO Limited Wellesley House 204 London Road Waterlooville Hampshire PO7 7AN

South Downs Pubs and Catering Limited

(Registration number: 09320674)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	12,929	31,838
Current assets
Stocks	5	17,689	18,108
Debtors	6	5,031	14,405
Cash at bank and in hand		13,691	26,086
		36,411	58,599
Creditors: Amounts falling due within one year	7	(469,277)	(465,777)
Net current liabilities		(432,866)	(407,178)
Total assets less current liabilities		(419,937)	(375,340)
Creditors: Amounts falling due after more than one year	7	-	(9,167)
Net liabilities		(419,937)	(384,507)
Capital and reserves
Called up share capital	8	101	101
Retained earnings		(420,038)	(384,608)
Shareholders' deficit		(419,937)	(384,507)

For the financial year ending 31 October 2025 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 July 2026
 

South Downs Pubs and Catering Limited

(Registration number: 09320674)
Balance Sheet as at 31 October 2025

......................................... Ms Francesca Swan Director

South Downs Pubs and Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

These financial statements were authorised for issue by the director on 29 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

South Downs Pubs and Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings, tools and equipment	20% straight line
Leasehold improvements	5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

South Downs Pubs and Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 24 (2024 - 26).

South Downs Pubs and Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Tangible assets

	Long leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 November 2024	12,654	79,773	24,949	1,540	13,075
Additions	-	2,443	-	-	-
Disposals	-	-	-	-	(13,075)
At 31 October 2025	12,654	82,216	24,949	1,540	-
Depreciation
At 1 November 2024	7,592	67,702	21,886	358	2,615
Charge for the year	2,531	6,072	1,981	308	-
Eliminated on disposal	-	-	-	-	(2,615)
At 31 October 2025	10,123	73,774	23,867	666	-
Carrying amount
At 31 October 2025	2,531	8,442	1,082	874	-
At 31 October 2024	5,062	12,071	3,063	1,182	10,460

South Downs Pubs and Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

	Total £
Cost or valuation
At 1 November 2024	131,991
Additions	2,443
Disposals	(13,075)
At 31 October 2025	121,359
Depreciation
At 1 November 2024	100,153
Charge for the year	10,892
Eliminated on disposal	(2,615)
At 31 October 2025	108,430
Carrying amount
At 31 October 2025	12,929
At 31 October 2024	31,838

Included within the net book value of land and buildings above is £2,531 (2024 - £5,062) in respect of long leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	17,689	18,108

6

Debtors

Current	2025 £	2024 £
Trade debtors	5,031	1,269
Prepayments	-	13,136
	5,031	14,405

South Downs Pubs and Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	18,882	10,000
Trade creditors		54,983	60,484
Taxation and social security		77,085	65,304
Accruals and deferred income		5,904	15,136
Other creditors		312,423	314,853
		469,277	465,777

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	-	9,167

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A of £1 each	100	100	100	100
Ordinary B of £1 each	1	1	1	1
	101	101	101	101

South Downs Pubs and Catering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	9,167

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	9,167	10,000
Bank overdrafts	9,715	-
	18,882	10,000