M & D Publicans Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11005463 (England and Wales)

Unaudited Financial Statements

for the Period 10 October 2017 to 30 June 2018

for

M & D Publicans Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M S Hardy

Mrs D Hardy

REGISTERED OFFICE:

Castle Farm Barn North

Denmead Road

Southwick

Fareham

Hampshire

PO17 6EX

BUSINESS ADDRESS:

181 Castle Street

Portchester

Fareham

Hampshire

PO16 9QX

REGISTERED NUMBER:

11005463 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Intangible assets

4

74,656

Tangible assets

5

28,193

102,849

CURRENT ASSETS

Stocks

6

14,824

Debtors

7

4,786

Cash at bank and in hand

146,522

166,132

CREDITORS

Amounts falling due within one year

8

259,130

NET CURRENT LIABILITIES

(92,998

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,851

PROVISIONS FOR LIABILITIES

5,357

NET ASSETS

4,494

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

4,394

SHAREHOLDERS' FUNDS

4,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 21 March 2019 and were signed on its behalf by:

M S Hardy - Director

Mrs D Hardy - Director

1.	STATUTORY INFORMATION

M & D Publicans Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 30 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

93,320

At 30 June 2018

93,320

AMORTISATION

Amortisation for period

18,664

At 30 June 2018

18,664

NET BOOK VALUE

At 30 June 2018

74,656

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

37,591

At 30 June 2018

37,591

DEPRECIATION

Charge for period

9,398

At 30 June 2018

9,398

NET BOOK VALUE

At 30 June 2018

28,193

6.

STOCKS

£

Stocks

14,824

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

4,786

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

16,260

Amounts owed to group undertakings

200,000

Corporation tax

5,001

Social security and other taxes

2,179

VAT

28,088

Other creditors

263

Pension creditor

393

Directors' current accounts

1,302

Accrued expenses

5,644

259,130

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended

30 June 2018:

£

M S Hardy and Mrs D Hardy

Balance outstanding at start of period

-

Amounts advanced

(1,302

)

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(1,302

)

Included in creditors is an amount due to the director of £1,302. This loan is interest free,

undated, unsecured and repayable on demand.