Cityglen Pub Co. Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04279974 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

CITYGLEN PUB CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T A O'Leary

SECRETARY:

C Best

REGISTERED OFFICE:

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

REGISTERED NUMBER:

04279974 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

1,103,800

1,613,412

1,103,800

1,613,412

CURRENT ASSETS

Stocks

128,428

147,954

Debtors

6

2,440,178

1,026,470

Cash at bank and in hand

43,147

89,560

2,611,753

1,263,984

CREDITORS

Amounts falling due within one year

7

2,784,160

1,980,942

NET CURRENT LIABILITIES

(172,407

)

(716,958

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

931,393

896,454

CREDITORS

Amounts falling due after more than
one year

8

(981,634

)

(1,048,654

)

PROVISIONS FOR LIABILITIES

(35,269

)

(49,341

)

NET LIABILITIES

(85,510

)

(201,541

)

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

(86,510

)

(202,541

)

SHAREHOLDERS' FUNDS

(85,510

)

(201,541

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 August 2026 and were signed by:

T A O'Leary - Director

1.	STATUTORY INFORMATION

Cityglen Pub Co Limited is a private company, limited by shares, registered in England & Wales. The company's registered number is 04279974 and the registered office address is Riverside House, 1-5 Como Street, Romford, Essex. RM7 7DN

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.

Turnover

Turnover represents bar takings, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which includes trade and other debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that as a result of one or more events that occurred after an initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and preference shares classed as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire

Equity Instruments

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

At the balance sheet date the company had net liabilities of £85,510 (2024: £201,541) The director believes that the company, with his and the associated companies' continued support, has adequate resources to continue to operate. The director considers it appropriate to continue using the going concern basis in the preparation of the financial statements. The financial statements do not include any adjustments that would result if support from the director was not continued.

Intangible assets

Development expenditure

Development of products is capitalised where there is expected to be a benefit to future periods and the following conditions are met:

(i) It is technically feasible to complete the research or development so that the product will be available for use or sale.

(ii) It is intended to use or sell the product being developed.

(iii) The Company is able to use or sell the product.

(iv) It can be demonstrated that the product will generate probable future economic benefits.

(v) Adequate technical, financial and other resources exist so that product development can be completed and subsequently used or sold.

(vi) Expenditure attributable to the research and development work can be reliably measured.

During the year the company decided to develop the provision of food and catering, having identified a number of its public houses which it was considered would benefit from this higher end catering.

This development process involves the design of kitchens incorporating various food preparation and cooking techniques.

Chefs and leading market experts were engaged to compile a number of innovative menus, which are going through trial stages and continue to be developed. This development includes refining the sourcing of ingredients from various suppliers around the country.

In view of the above nature of this expenditure these costs are considered to be of a capital nature and not a realised loss.

Capitalised development expenditure is stated at cost less accumulated amortisation and impairment losses and amortised over its useful economic life.

Amortisation is charged so as to allocate the cost of intangibles less their residual values over their estimated useful lives, using the straight-line method. The intangible assets are amortised over the following useful economic lives:

Catering development costs - 2 years

All other research and development expenditure is recognised as an expense in the period in which it is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 75 (2024 - 73 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2024

and 30 June 2025

317,440

AMORTISATION

At 1 July 2024

and 30 June 2025

317,440

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

COST

At 1 July 2024

2,078,869

381,440

425,918

Disposals

(535,724

)

(57,351

)

(74,643

)

At 30 June 2025

1,543,145

324,089

351,275

DEPRECIATION

At 1 July 2024

666,523

292,552

314,992

Charge for year

33,500

17,515

19,432

Eliminated on disposal

(119,603

)

(48,428

)

(60,864

)

At 30 June 2025

580,420

261,639

273,560

NET BOOK VALUE

At 30 June 2025

962,725

62,450

77,715

At 30 June 2024

1,412,346

88,888

110,926

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 July 2024

11,203

14,819

2,912,249

Disposals

-

(3,500

)

(671,218

)

At 30 June 2025

11,203

11,319

2,241,031

DEPRECIATION

At 1 July 2024

11,203

13,567

1,298,837

Charge for year

-

342

70,789

Eliminated on disposal

-

(3,500

)

(232,395

)

At 30 June 2025

11,203

10,409

1,137,231

NET BOOK VALUE

At 30 June 2025

-

910

1,103,800

At 30 June 2024

-

1,252

1,613,412

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

5,350

63,730

Other debtors

2,434,828

962,740

2,440,178

1,026,470

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

66,749

51,477

Trade creditors

1,682,716

1,519,750

Taxation and social security

130,086

172,888

Other creditors

904,609

236,827

2,784,160

1,980,942

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

60,755

122,926

Other creditors

920,879

925,728

981,634

1,048,654

9.	RELATED PARTY DISCLOSURES

Cityglen Limited