Registration number: 15792197

The Plough (Sevenoaks) Limited

Statement of Financial Position as at 30 June 2025

	Note	2025 £
Fixed assets
Tangible assets	4	85,644
Current assets
Stocks	5	49,250
Debtors	6	1,400
Cash at bank and in hand		10,887
		61,537
Creditors: Amounts falling due within one year	7	(167,869)
Net current liabilities		(106,332)
Total assets less current liabilities		(20,688)
Creditors: Amounts falling due after more than one year	7	(20,052)
Net liabilities		(40,740)
Capital and reserves
Called up share capital		100
Retained earnings		(40,840)
Shareholders' deficit		(40,740)

For the financial period ending 30 June 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 period 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of The Plough (Sevenoaks) Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

The Plough (Sevenoaks) Limited

Statement of Financial Position as at 30 June 2025

Approved and authorised by the Board on 16 September 2026 and signed on its behalf by:
 

.........................................

D Lautier

Director

.........................................

A J Ginzler

Director

Company registration number: 15792197

The Plough (Sevenoaks) Limited

Notes to the Unaudited Financial Statements for the Period from 21 June 2024 to 30 June 2025

1	General information

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

The address of its registered office is:
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of running a public house.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below.

Going concern

The company had net liabilities at 30 June 2025 of £40,740, including cash at bank of £10,887. The company is supported by the directors and other related parties who have confirmed that they will continue to support the company financially and will not call for repayment until such time that the company has sufficient working capital.

Having made enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors have prepared the financial statements on the 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 value added tax.

The company recognises revenue when the right to receive revenue is established at the point of sale.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

The Plough (Sevenoaks) Limited

Notes to the Unaudited Financial Statements for the Period from 21 June 2024 to 30 June 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	over the period of the lease
Fixtures and fittings	20% straight line
Motor vehicles	20% reducing balance
Plant and machinery	20% straight line

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Operating leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

3	Staff numbers

The average number of persons employed by the company during the period, was 17.

The Plough (Sevenoaks) Limited

Notes to the Unaudited Financial Statements for the Period from 21 June 2024 to 30 June 2025

4	Tangible assets

	Leasehold Improvements £	Furniture, fittings and equipment  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
Additions	29,217	13,342	24,673	25,775	93,007
At 30 June 2025	29,217	13,342	24,673	25,775	93,007
Depreciation
Charge for the period	2,922	1,036	1,234	2,171	7,363
At 30 June 2025	2,922	1,036	1,234	2,171	7,363
Carrying amount
At 30 June 2025	26,295	12,306	23,439	23,604	85,644

5

Stocks

	2025 £
Stock	49,250

The Plough (Sevenoaks) Limited

Notes to the Unaudited Financial Statements for the Period from 21 June 2024 to 30 June 2025

6

Debtors

	2025 £
Other debtors	1,400
	1,400

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £
Loans and borrowings	8	6,058
Trade creditors		28,853
Taxation and social security		14,954
Accruals and deferred income		14,135
Other creditors		103,869
		167,869