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Registration number: 14306410

Cobourg Pubs Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Cobourg Pubs Limited

Company Information

Directors

Mr M Evans Ms J Jones

Registered office

Trembyr Four Winds Lane Penally Tenby SA70 7PB

Cobourg Pubs Limited

(Registration number: 14306410)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	542	-
Investment property	5	520,096	520,096
		520,638	520,096
Current assets
Debtors	6	9,944	7,544
Cash at bank and in hand		13,928	17,381
		23,872	24,925
Creditors: Amounts falling due within one year	7	(381,382)	(461,851)
Net current liabilities		(357,510)	(436,926)
Net assets		163,128	83,170
Capital and reserves
Called up share capital	8	100	100
Retained earnings		163,028	83,070
Shareholders' funds		163,128	83,170

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 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 August 2026 and signed on its behalf by:
 

......................................... Mr M Evans Director

Cobourg Pubs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

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

The address of its registered office is:
Trembyr
Four Winds Lane
Penally
Tenby
SA70 7PB

These financial statements were authorised for issue by the Board on 27 August 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cobourg Pubs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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
Equipment	33% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

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.

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.

Cobourg Pubs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
Additions	649	649
At 30 November 2025	649	649
Depreciation
Charge for the year	107	107
At 30 November 2025	107	107
Carrying amount
At 30 November 2025	542	542

5	Investment properties

	2025 £
At 1 December	520,096
At 30 November	520,096

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		8,559	6,159
Amounts owed by related parties	9	1,385	1,385
		9,944	7,544

Cobourg Pubs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		300	-
Taxation and social security		31,902	20,900
Amounts owed to group undertakings and undertakings in which the company has a participating interest		345,994	440,140
Directors' loan accounts		778	-
Other creditors		2,408	811
		381,382	461,851

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

9	Related party transactions

During the year the company received financial assistance from Cobourg Development Company Limited, a company controlled by the director.The balance due to the company at the balance sheet date was £345,994 (2024 £440,140) This loan is interest free and repayable on demand and has been included under note 6.

During the year the company gave financial assistance to Bucaneer Sun Inn Limited, a company controlled by the director.The balance due to the company at the balance sheet date was £118 (2024 £118). This loan is interest free and repayable on demand and has been included under note 5.

During the year the company gave financial assistance to Tenby Bookshop (Tenby) Limited, a company controlled by the director.The balance due to the company at the balance sheet date was £1,267 (2024 £1,267). This loan is interest free and repayable on demand and has been included under note 5.

Cobourg Pubs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Transactions with directors

2025	At 1 December 2024 £	Advances to director £	Repayments by director £	At 30 November 2025 £
Mr M Evans
Interest free and repayable on demand	-	-	(778)	(778)

2024	At 1 December 2023 £	Advances to director £	Repayments by director £	At 30 November 2024 £
Mr M Evans
Interest free and repayable on demand	(4,900)	10,455	(5,555)	-