REGISTERED NUMBER: 03954779 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31st March 2026

for

The Theakston Pub Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N R Theakston

T J Theakston

S F O Theakston

E D Theakston

SECRETARY:

N R Theakston

REGISTERED OFFICE:

Ramshaw

Jervaulx

Ripon

North Yorkshire

HG4 4PQ

REGISTERED NUMBER:

03954779 (England and Wales)

ACCOUNTANTS:

F E Metcalfe & Co Limited

Chartered Accountants

4 Old Market Place

Ripon

North Yorkshire

HG4 1EQ

FIXED ASSETS

Intangible assets

3

1,098,592

1,161,448

Tangible assets

4

51,674

62,795

1,150,266

1,224,243

CURRENT ASSETS

Stocks

14,475

13,729

Debtors

5

36,393

63,030

Cash at bank

261,646

279,107

312,514

355,866

CREDITORS

Amounts falling due within one year

6

117,049

153,955

NET CURRENT ASSETS

195,465

201,911

TOTAL ASSETS LESS CURRENT LIABILITIES

1,345,731

1,426,154

CREDITORS

Amounts falling due after more than one year

7

-

(3,472

)

PROVISIONS FOR LIABILITIES

8

(11,830

)

(14,371

)

NET ASSETS

1,333,901

1,408,311

CAPITAL AND RESERVES

Called up share capital

9

100

100

Revaluation reserve

1,098,592

1,161,448

Retained earnings

235,209

246,763

SHAREHOLDERS' FUNDS

1,333,901

1,408,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 4th August 2026 and were signed on its behalf by:

S F O Theakston - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

(a) General information and basis of preparation

The Theakston Pub Company Limited is a private company limited by shares incorporated in England. The address of the registered office is Ramshaw, Jervaulx, Ripon, North Yorkshire HG4 4PQ.

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 (Section 1A) The Financial Reporting Standard Applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

(b) Intangible assets

The intangible asset is the value arising from the 35 year lease to operate from the premises at The White Bear, Masham. The period chosen for the writing off of the intangible asset is 35 years being the period of the lease. Provision is made for any impairment.

(c) Tangible fixed assets

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

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Leasehold property

20% on cost

Fixtures, fittings and equipment

20% on cost

(d) Stocks

Stocks are stated 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 stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

(e) 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.

(f) Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

(g) Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

(h) Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

(i) Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

(j) Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

(k) Turnover and other income

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Wet and dry sales, accommodation

Turnover for the sale of wet and dry sales is recognised when the service has been provided and the sale is recorded through the tills. Accommodation is recognised when the service has been provided by the provision of a nights accommodation,

Interest receivable

Interest income is recognised using the effective interest method.

(l) Foreign currency

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

(m) Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2025 - 44 ) .

3.	INTANGIBLE FIXED ASSETS

35 year

lease at

valuation

£

COST

At 1st April 2025

and 31st March 2026

2,200,000

AMORTISATION

At 1st April 2025

1,038,552

Charge for year

62,856

At 31st March 2026

1,101,408

NET BOOK VALUE

At 31st March 2026

1,098,592

At 31st March 2025

1,161,448

4.	TANGIBLE FIXED ASSETS

Fixtures,

Fittings

Leasehold

and

property

Equipment

Totals

£

£

£

COST

At 1st April 2025

116,234

670,402

786,636

Additions

-

18,352

18,352

At 31st March 2026

116,234

688,754

804,988

DEPRECIATION

At 1st April 2025

116,234

607,607

723,841

Charge for year

-

29,473

29,473

At 31st March 2026

116,234

637,080

753,314

NET BOOK VALUE

At 31st March 2026

-

51,674

51,674

At 31st March 2025

-

62,795

62,795

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

1,764

21,754

Other debtors

5,178

15,780

Directors' current accounts

14,212

14,212

Prepayments

15,239

11,284

36,393

63,030

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

2,640

10,000

Trade creditors

33,859

39,385

Corporation Tax

14,427

17,432

Social security and other taxes

33,475

44,761

Other creditors

9,549

13,268

Accrued expenses

23,099

29,109

117,049

153,955

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loan

-

3,472

8.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

11,830

14,371

Deferred tax

£

Balance at 1st April 2025

14,371

Provided during year

(2,541

)

Balance at 31st March 2026

11,830

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2026 and 31st March 2025:

31.3.26

31.3.25

£

£

E D Theakston

Balance outstanding at start of year

14,212

15,012

Amounts repaid

-

(800

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,212

14,212

S F O Theakston

Balance outstanding at start of year

-

800

Amounts repaid

-

(800

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

N R Theakston

Balance outstanding at start of year

-

800

Amounts repaid

-

(800

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

T J Theakston

Balance outstanding at start of year

-

800

Amounts repaid

-

(800

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The loans were interest free.

11.	ULTIMATE CONTROLLING PARTY

The Company is controlled by the Board of Directors.