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FINANCIAL STATEMENTS |
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FOR THE PERIOD 2 SEPTEMBER 2018 TO 31 AUGUST 2019 |
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PIE & PINT INNS LIMITED |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE PERIOD 2 SEPTEMBER 2018 TO 31 AUGUST 2019 |
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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 PERIOD 2 SEPTEMBER 2018 TO 31 AUGUST 2019 |
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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 PERIOD 2 SEPTEMBER 2018 TO 31 AUGUST 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANT: |
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D2 Seedbed Centre |
Vanguard Way |
Shoeburyness |
Essex |
SS3 9QY |
PIE & PINT INNS LIMITED (REGISTERED NUMBER: 06758171) |
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BALANCE SHEET |
31 AUGUST 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 3 |
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Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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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 | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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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 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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PIE & PINT INNS LIMITED (REGISTERED NUMBER: 06758171) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 2 SEPTEMBER 2018 TO 31 AUGUST 2019 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value |
added tax and other sales taxes. |
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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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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. |
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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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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
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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. |
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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. |
PIE & PINT INNS LIMITED (REGISTERED NUMBER: 06758171) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 2 SEPTEMBER 2018 TO 31 AUGUST 2019 |
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1. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the |
future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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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. |
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2. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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3. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 2 September 2018 |
and 31 August 2019 |
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AMORTISATION |
At 2 September 2018 |
and 31 August 2019 |
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NET BOOK VALUE |
At 31 August 2019 |
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At 1 September 2018 |
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PIE & PINT INNS LIMITED (REGISTERED NUMBER: 06758171) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 2 SEPTEMBER 2018 TO 31 AUGUST 2019 |
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4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Long | to | and |
leasehold | property | fittings | Totals |
£ | £ | £ | £ |
COST |
At 2 September 2018 |
and 31 August 2019 |
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DEPRECIATION |
At 2 September 2018 |
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Charge for period |
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At 31 August 2019 |
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NET BOOK VALUE |
At 31 August 2019 |
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At 1 September 2018 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Fixtures |
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fittings |
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COST |
At 2 September 2018 |
and 31 August 2019 |
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DEPRECIATION |
At 2 September 2018 |
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Charge for period |
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At 31 August 2019 |
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NET BOOK VALUE |
At 31 August 2019 |
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At 1 September 2018 |
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5. | DEBTORS |
2019 | 2018 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
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Staff loans | 4,765 | - |
Regional Interiors Ltd | 10,375 | 8,000 |
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PIE & PINT INNS LIMITED (REGISTERED NUMBER: 06758171) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 2 SEPTEMBER 2018 TO 31 AUGUST 2019 |
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5. | DEBTORS - continued |
2019 | 2018 |
£ | £ |
Amounts falling due after more than one year: |
Amounts owed by associates |
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Aggregate amounts |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts (see note 8) |
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Trade creditors |
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Social security and other taxes |
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VAT | 59,052 | 49,720 |
Other creditors |
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Pension contributions | 499 | 392 |
Directors' current accounts | - | 29,647 |
Accrued expenses |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans - 1-2 years |
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Bank loans - 2-5 years |
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Bank loans more 5 yr by instal |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 11,936 | - |
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8. | LEASING AGREEMENTS |
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Minimum lease payments fall due as follows: |
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Hire purchase contracts |
2019 | 2018 |
£ | £ |
Net obligations repayable: |
Within one year |
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PIE & PINT INNS LIMITED (REGISTERED NUMBER: 06758171) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 2 SEPTEMBER 2018 TO 31 AUGUST 2019 |
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8. | LEASING AGREEMENTS - continued |
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Non-cancellable operating |
leases |
2019 | 2018 |
£ | £ |
Within one year |
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Between one and five years |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2019 | 2018 |
£ | £ |
Bank loans |
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The companies bankers hold a fixed and floating charge over all assets of the company |
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10. | POST BALANCE SHEET EVENTS |
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On the 20th March 2020, as a result of the worldwide Corona virus Covid-19, the company was instructed to temporarily |
close by order of HM Government. It is with the support of the company's suppliers and its director, that the company will |
be able to resume trading as soon as the current restrictions are lifted. |
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11. | CONTROLLING PARTY |
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The controlling party is Regional GD Limited. |
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The ultimate controlling party is
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