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Company No: 05297145 (England and Wales)

# LOVELY PUBS LTD

### Unaudited Financial Statements
For the financial year ended 30 November 2025
Pages for filing with the registrar

LOVELY PUBS LTD

## Unaudited Financial Statements

For the financial year ended 30 November 2025

Contents

LOVELY PUBS LTD

## BALANCE SHEET

As at 30 November 2025
LOVELY PUBS LTD

## BALANCE SHEET (continued)

As at 30 November 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 71,099 |  | 91,976
|  | 71,099 |  | 91,976
Current assets |  |  |  |
Stocks | 4 | 17,740 |  | 21,057
Debtors | 5 | 1,452,498 |  | 886,632
Cash at bank and in hand | 6 | 593,509 |  | 947,572
|  | 2,063,747 |  | 1,855,261
Creditors: amounts falling due within one year | 7 | ( 428,093) |  | ( 292,148)
Net current assets |  | 1,635,654 |  | 1,563,113
Total assets less current liabilities |  | 1,706,753 |  | 1,655,089
Net assets |  | 1,706,753 |  | 1,655,089
Capital and reserves |  |  |  |
Called-up share capital | 8 | 1,002 |  | 1,002
Capital redemption reserve |  | 500 |  | 500
Profit and loss account |  | 1,705,251 |  | 1,653,587
Total shareholder's funds |  | 1,706,753 |  | 1,655,089

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Lovely Pubs Ltd (registered number: 05297145) were approved and authorised for issue by the Board of Directors on 30 July 2026. They were signed on its behalf by:

Ms R C Mottram Director |

LOVELY PUBS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025
LOVELY PUBS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Lovely Pubs Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Mill House, Seaford Road, Alfriston, Polegate, East Sussex, BN26 5TP, United Kingdom. The principal place of business is The Hawley Arms, 2 Castle Haven Road, Camden, London, NW1 8QU.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 5 years straight line
Vehicles | 25 % reducing balance
Fixtures and fittings | 25 % reducing balance
Office equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 32 |  | 32

#### 3. Tangible assets

| Land and buildings |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 December 2024 | 6,299 |  | 86,614 |  | 108,631 |  | 185,471 |  | 387,015
Additions | 0 |  | 0 |  | 0 |  | 2,277 |  | 2,277
| 0 |  | 0 |  | 0 |  | 0 |  | 0
At 30 November 2025 | 6,299 |  | 86,614 |  | 108,631 |  | 187,748 |  | 389,292
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 December 2024 | 6,299 |  | 46,565 |  | 92,508 |  | 149,667 |  | 295,039
Charge for the financial year | 0 |  | 10,012 |  | 4,031 |  | 9,111 |  | 23,154
At 30 November 2025 | 6,299 |  | 56,577 |  | 96,539 |  | 158,778 |  | 318,193
Net book value |  |  |  |  |  |  |  |  |
At 30 November 2025 | 0 |  | 30,037 |  | 12,092 |  | 28,970 |  | 71,099
At 30 November 2024 | 0 |  | 40,049 |  | 16,123 |  | 35,804 |  | 91,976

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 17,740 |  | 21,057

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 5,349 |  | 485
Amounts owed by Group undertakings | 1,406,620 |  | 854,204
Prepayments | 22,785 |  | 17,603
Other debtors | 17,744 |  | 14,340
| 1,452,498 |  | 886,632

#### 6. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 593,509 |  | 947,572

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 70,421 |  | 48,686
Accruals | 6,375 |  | 6,250
Taxation and social security | 326,660 |  | 216,976
Other creditors | 24,637 |  | 20,236
| 428,093 |  | 292,148

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1,002 Ordinary shares of £ 1.00 each | 1,002 |  | 1,002

#### 9. Related party transactions

The company is a fully owned subsidiary of Lovely Holdings Limited, a company in which the directors, Ms R C Mottram and Mr D C Ridler hold 100% of the issued share capital.
During the year the company advanced loans totalling £552,876 and made rental payments of £168,700 to Lovely Holdings Limited. Each transaction took place at arm's length basis and at prevailing market rates
At the balance sheet date included in Debtors under amounts owed by group undertakings was a balance of £1,406,620 (2024: £854,204) due from Lovely Holdings Limited.
During the year Lovely Holdings Limited received dividends totalling £300,000 (2024: £300,000).