Company Registration No. 08317563 (England and Wales)
Ben's Pub Company Limited
Unaudited accounts
for the year ended 31 March 2021
Ben's Pub Company Limited
Unaudited accounts
Contents
Ben's Pub Company Limited
Company Information
for the year ended 31 March 2021
Directors
B Smith
GV Lloyd-Jones
Company Number
08317563 (England and Wales)
Registered Office
Newton House
Northampton Science Park
Northampton
NN3 6LG
Ben's Pub Company Limited
Statement of financial position
as at
31 March 2021
Tangible assets
199,065
219,510
Inventories
11,566
15,563
Cash at bank and in hand
129,099
71,495
Creditors: amounts falling due within one year
(338,191)
(346,393)
Net current assets
348,896
234,595
Total assets less current liabilities
547,961
454,105
Creditors: amounts falling due after more than one year
(109,668)
(38,727)
Provisions for liabilities
Deferred tax
(20,657)
(22,503)
Net assets
417,636
392,875
Called up share capital
1
1
Profit and loss account
417,635
392,874
Shareholders' funds
417,636
392,875
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2021 and were signed on its behalf by
B Smith
Director
Company Registration No. 08317563
Ben's Pub Company Limited
Notes to the Accounts
for the year ended 31 March 2021
Ben's Pub Company Limited is a private company, limited by shares, registered in England and Wales, registration number 08317563. The registered office is Newton House, Northampton Science Park, Northampton, NN3 6LG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The company has been forced to scale down its operations as a result of the COVID-19 pandemic. During the year ended 31 March 2021 the company received government grants amounting to £545,971 (2020 - £Nil) which have been included in Gross Profit.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value of goods provided to customers in the normal course of business, excluding Value Added Tax and other sales related taxes,
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over life of lease
Ben's Pub Company Limited
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Total
Charge for the year
52,026
5
Share capital
2021
2020
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1
1
6
Operating lease commitments
2021
2020
At 31 March 2021 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
More than five years
1,812,885
1,956,980
National Westminster Bank plc registered a fixed and floating charge over the company's assets and undertaking on 24 February 2020. The company has no obligations to the bank.
8
Transactions with related parties
Included in debtors is an amount owing of £431,814 (2020 - £375,105) owing by B&W Boathouse Inn Moulsford Limited, which is owned and controlled by Mr B Smith, a director and the majority shareholder of this company. The loan is on commercial terms.
The directors, Mr B Smith and Mr GV Lloyd-Jones, who held office during the period have beneficial interests in 51 shares and 12 shares respectively of the issued £0.01 ordinary shares. Accordingly the company is controlled by Mr B Smith.
10
Average number of employees
During the year the average number of employees was 38 (2020: 48).