COMPANY REGISTRATION NUMBER:
14591025
|
The Walmer Castle Pub Company Limited |
|
|
Filleted Unaudited Abridged Financial Statements |
|
|
The Walmer Castle Pub Company Limited |
|
|
Abridged Statement of Financial Position |
|
31 March 2026
FIXED ASSETS
|
Tangible assets |
5 |
2,352,784 |
2,695,354 |
|
|
|
|
CURRENT ASSETS
|
Stocks |
56,179 |
67,895 |
|
Debtors |
1,617,221 |
300,451 |
|
Cash at bank and in hand |
127,660 |
33,323 |
|
------------ |
--------- |
|
1,801,060 |
401,669 |
|
|
|
|
CREDITORS: amounts falling due within one year |
(
4,395,398) |
(
3,667,204) |
|
------------ |
------------ |
|
NET CURRENT LIABILITIES |
(
2,594,338) |
(
3,265,535) |
|
------------ |
------------ |
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
(
241,554) |
(
570,181) |
|
--------- |
--------- |
|
NET LIABILITIES |
(
241,554) |
(
570,181) |
|
--------- |
--------- |
|
|
|
CAPITAL AND RESERVES
|
Called up share capital |
100 |
100 |
|
Profit and loss account |
(
241,654) |
(
570,281) |
|
--------- |
--------- |
|
SHAREHOLDERS DEFICIT |
(
241,554) |
(
570,181) |
|
--------- |
--------- |
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.
|
The Walmer Castle Pub Company Limited |
|
|
Abridged Statement of Financial Position (continued) |
|
31 March 2026
These abridged financial statements were approved by the
board of directors
and authorised for issue on
24 September 2026
, and are signed on behalf of the board by:
Company registration number:
14591025
|
The Walmer Castle Pub Company Limited |
|
|
Notes to the Abridged Financial Statements |
|
Year ended 31 March 2026
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 6 Grove House Meridians Cross, Ocean Way, Southampton, England, SO14 3TJ.
2.
STATEMENT OF COMPLIANCE
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
After making appropriate enquiries, the directors have formed a judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, based on the ongoing support from the shareholder. For this reason the directors have adopted the going concern basis in preparing the financial statements.
Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable for goods and services provided during the year in the normal course of business, net of trade discounts, VAT and other sales and related taxes.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Leasehold property |
- |
|
|
Fixtures and fittings |
- |
|
|
Equipment |
- |
over
5 years
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
35
(2025:
40
).
5.
TANGIBLE ASSETS
|
£ |
|
Cost |
|
|
At 1 April 2025 |
3,237,451 |
|
Additions |
67,698 |
|
------------ |
|
At 31 March 2026 |
3,305,149 |
|
------------ |
|
Depreciation |
|
|
At 1 April 2025 |
542,097 |
|
Charge for the year |
410,268 |
|
------------ |
|
At 31 March 2026 |
952,365 |
|
------------ |
|
Carrying amount |
|
|
At 31 March 2026 |
2,352,784 |
|
------------ |
|
At 31 March 2025 |
2,695,354 |
|
------------ |
|
|
6.
CONTROLLING PARTY
The company is owned and controlled by Mr
J E Greenall
by virtue of his shareholding.