The Russell Arms Pub Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07928241 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2019

FOR

THE RUSSELL ARMS PUB COMPANY LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr M G Porter

Mr G A Finch

Mr M J E Glover

Mr R J Jennings

Mr J H Renison

Mr R East

REGISTERED OFFICE:

75 Park Lane

Croydon

Surrey

CR9 1XS

BUSINESS ADDRESS:

2 Chalkshire Road

Butler's Cross

Aylesbury

HP17 0TS

REGISTERED NUMBER:

07928241 (England and Wales)

ACCOUNTANTS:

Kings Mill Partnership

75 Park Lane

Croydon

Surrey

CR9 1XS

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of The Russell Arms Pub Company Limited for the year ended 31 January 2019 which comprise the

Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Russell Arms Pub Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Russell Arms Pub Company Limited and state those matters that we have agreed to state to the Board of Directors of The Russell Arms Pub Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Russell Arms Pub Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Russell Arms Pub Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Russell Arms Pub Company Limited. You consider that The Russell Arms Pub Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Russell Arms Pub Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kings Mill Partnership

75 Park Lane

Croydon

Surrey

CR9 1XS

5 July 2019

FIXED ASSETS

Tangible assets

4

4,052

512

Investment property

5

560,000

560,000

564,052

560,512

CURRENT ASSETS

Debtors

6

3,580

15,848

Cash in hand

40,502

53,255

44,082

69,103

CREDITORS

Amounts falling due within one year

7

8,551

20,102

NET CURRENT ASSETS

35,531

49,001

TOTAL ASSETS LESS CURRENT LIABILITIES

599,583

609,513

CREDITORS

Amounts falling due after more than one year

8

325,674

358,641

PROVISIONS FOR LIABILITIES

29,750

30,505

CAPITAL AND RESERVES

Called up share capital

999

999

Non-distributable reserves

122,022

122,022

Retained earnings

121,138

97,346

SHAREHOLDERS' FUNDS

244,159

220,367

599,583

609,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 5 July 2019 and were signed on its behalf by:

Mr G A Finch - Director

1.	STATUTORY INFORMATION

The Russell Arms Pub Company 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

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

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided on all tangible fixed assets at rate calculated to write off the cost of each asset over its

expected useful life or, if held under a finance lease, over the lease term, whichever is the shorter as follows:

Fixtures & Fittings

- 20% Straight Line

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

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

statement of financial position 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2018

17,182

Additions

3,900

At 31 January 2019

21,082

DEPRECIATION

At 1 February 2018

16,670

Charge for year

360

At 31 January 2019

17,030

NET BOOK VALUE

At 31 January 2019

4,052

At 31 January 2018

512

5.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 February 2018

and 31 January 2019

560,000

NET BOOK VALUE

At 31 January 2019

560,000

At 31 January 2018

560,000

Cost or valuation at 31 January 2019 is represented by:

£

Valuation in 2013

112,527

Valuation in 2017

40,000

Cost

407,473

560,000

If investment property had not been revalued it would have been included at the following historical cost:

2019

2018

£

£

Cost

407,473

407,473

Investment property was valued on an open market basis on 31 January 2017 by A.W. Gore & Co. .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

3,492

15,848

Other debtors

88

-

3,580

15,848

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

5,097

11,401

Other creditors

3,454

8,701

8,551

20,102

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other creditors

325,674

358,641