| The Garden Pub Limited |
| Registered number: |
05996213 |
| Balance Sheet |
| as at 31 May 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
28,786 |
|
|
35,429 |
|
| Current assets |
| Stocks |
|
|
13,875 |
|
|
12,320 |
| Debtors |
4 |
|
85,548 |
|
|
66,220 |
| Cash at bank and in hand |
|
|
172,398 |
|
|
108,909 |
|
|
|
271,821 |
|
|
187,449 |
|
| Creditors: amounts falling due within one year |
5 |
|
(241,208) |
|
|
(217,487) |
|
| Net current assets/(liabilities) |
|
|
|
30,613 |
|
|
(30,038) |
|
| Total assets less current liabilities |
|
|
|
59,399 |
|
|
5,391 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(9,333) |
|
|
(50,000) |
|
| Net assets/(liabilities) |
|
|
|
50,066 |
|
|
(44,609) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
50,065 |
|
|
(44,610) |
|
| Shareholders' funds |
|
|
|
50,066 |
|
|
(44,609) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| T. Helliwell, Esq |
| Director |
| Approved by the board on 2 September 2026 |
|
| The Garden Pub Limited |
| Notes to the Accounts |
| for the year ended 31 May 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
over 4 years |
|
Fixtures, fittings, tools and equipment |
over 4 years |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
40 |
|
42 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Furniture, fixtures & equipment |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 June 2024 |
118,936 |
|
43,638 |
|
6,000 |
|
168,574 |
|
At 31 May 2025 |
118,936 |
|
43,638 |
|
6,000 |
|
168,574 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2024 |
85,795 |
|
42,850 |
|
4,500 |
|
133,145 |
|
Charge for the year |
4,355 |
|
788 |
|
1,500 |
|
6,643 |
|
At 31 May 2025 |
90,150 |
|
43,638 |
|
6,000 |
|
139,788 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2025 |
28,786 |
|
- |
|
- |
|
28,786 |
|
At 31 May 2024 |
33,141 |
|
788 |
|
1,500 |
|
35,429 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Landlord deposit |
|
|
|
|
49,145 |
|
43,432 |
|
Other debtors |
36,403 |
|
22,788 |
|
|
|
|
|
|
85,548 |
|
66,220 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
42,000 |
|
42,000 |
|
Trade creditors |
68,220 |
|
78,911 |
|
Amounts owed to related party |
|
34,348 |
|
58,575 |
|
Taxation and social security costs |
81,263 |
|
27,677 |
|
Other creditors |
15,377 |
|
10,324 |
|
|
|
|
|
|
241,208 |
|
217,487 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
9,333 |
|
50,000 |
|
|
|
|
|
|
|
|
|
|
Included in creditors is £8,005 (2024: £988) owing to the directors. The loan is interest-free and there is no fixed date of repayment. The directors have confirmed that the loan will only be repaid as and when cash flow permits. |
|
|
| 7 |
Going concern |
|
|
Like many companies in the hospitality sector, the company has only now recovered from the run-off from the Covid-19 pandemic. The trading position has almost improved to pre-pandemic levels in the year and the directors are satisfied that the accounts can be properly prepared on a Going Concern basis. |
|
|
| 8 |
Related party transactions |
2025 |
|
2024 |
| £ |
£ |
|
Problem Found Limited |
|
|
T C Helliwell, Esq is the sole director and shareholder of Problem Found Limited, a company incorporated in England & Wales.. |
|
|
During the year, payments totalling £48,000 were transferred to The Garden Pub Ltd. At the Balance Sheet date, there was the following balance due by the company: |
|
Amount due (to) the related party |
34,348 |
|
58,575 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Controlling party |
|
|
The company is controlled by the director, T C Helliwell, Esq, who owns the entire share capital of the company. |
|
|
| 10 |
Other information |
|
|
The Garden Pub Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
Devonshire House |
|
Manor Way |
|
Borehamwood |
|
Hertfordshire |
|
WD6 1QQ |