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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 AUGUST 2016 |
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PIE & PINT INNS LIMITED |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 AUGUST 2016 |
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FOR |
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PIE & PINT INNS LIMITED |
PIE & PINT INNS LIMITED (REGISTERED NUMBER: 06758171) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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PIE & PINT INNS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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PIE & PINT INNS LIMITED (REGISTERED NUMBER: 06758171) |
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BALANCE SHEET |
31 AUGUST 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Profit and loss account | 10 | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
PIE & PINT INNS LIMITED (REGISTERED NUMBER: 06758171) |
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BALANCE SHEET - continued |
31 AUGUST 2016 |
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The financial statements were approved by the Board of Directors on
by: |
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PIE & PINT INNS LIMITED (REGISTERED NUMBER: 06758171) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2010 was fully amortised in |
the year ended 31st August 2011. |
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Tangible fixed assets |
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Long leasehold | - |
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Improvements to property | - |
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Fixtures and fittings | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax has been calculated, but the amount involved is not significant enough to materially affect the |
financial statements, and therefore no provision has been made. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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2. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 September 2015 |
and 31 August 2016 |
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AMORTISATION |
At 1 September 2015 |
and 31 August 2016 |
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NET BOOK VALUE |
At 31 August 2016 |
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At 31 August 2015 |
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PIE & PINT INNS LIMITED (REGISTERED NUMBER: 06758171) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2016 |
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3. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Long | to | and |
leasehold | property | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 September 2015 |
and 31 August 2016 |
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DEPRECIATION |
At 1 September 2015 |
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Charge for year |
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At 31 August 2016 |
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NET BOOK VALUE |
At 31 August 2016 |
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At 31 August 2015 |
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4. | DEBTORS |
2016 | 2015 |
£ | £ |
Amounts falling due within one year: |
Other debtors | 7,923 | 7,904 |
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Amounts falling due after more than one year: |
Amounts owed by associates | 118,948 | 27,352 |
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Aggregate amounts |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes |
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VAT |
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Other creditors |
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Accrued expenses | 8,307 | 3,000 |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2016 | 2015 |
£ | £ |
Bank loans - 1-2 years |
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Directors' loan account | 210,209 | 251,975 |
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PIE & PINT INNS LIMITED (REGISTERED NUMBER: 06758171) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2016 |
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7. | PREFERENCE SHARES |
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Details of preference shares are as follows: |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2016 | 2015 |
£ | £ |
Bank loan | 39,207 | 15,975 |
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The bank loan is secured on tangible assets held by the company. |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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10. | RESERVES |
Profit |
and loss |
account |
£ |
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At 1 September 2015 | ( |
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Profit for the year |
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At 31 August 2016 | ( |
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11. | ULTIMATE PARENT COMPANY |
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12. | RELATED PARTY DISCLOSURES |
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Included within creditors due after one year are amounts owed to the directors. Mr G E Downham is owed |
£200,209 and Mr W L Crighton is owed £10,000. |
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Pie & Pint Inns (The Castle) Limited |
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Mr G E Downham and Mr W L Crighton are directors of both companies. |
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2016 | 2015 |
£ | £ |
Amount due from related party at the balance sheet date |
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13. | CONTROLLING PARTY |
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The controlling party is
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PIE & PINT INNS LIMITED (REGISTERED NUMBER: 06758171) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2016 |
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14. | GOING CONCERN |
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As at the year end the company had a net deficiency of assets of £42,926. This was mainly due to substantial one |
off renovation works carried out during the year ended 31st August 2011 financed by the director Mr G E |
Downham. The directors are confident that the company will continue to return to profitability, and have |
indicated their willingness to continue to support the company until this is achieved. In their opinion it is correct |
to prepare the financial statements on the going concern basis. |