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Financial Statements
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Contents
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Page
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Officers and professional advisers
|
1
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Strategic report
|
2
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Directors' report
|
4
|
Independent auditor's report to the members
|
6
|
Consolidated statement of comprehensive income
|
10
|
Consolidated statement of financial position
|
11
|
Company statement of financial position
|
12
|
Consolidated statement of changes in equity
|
13
|
Company statement of changes in equity
|
14
|
Consolidated statement of cash flows
|
15
|
Notes to the financial statements
|
16
|
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Officers and Professional Advisers
|
The board of directors
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|
|
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Registered office
|
|
|
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|
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Auditor
|
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Chartered Accountants & Statutory Auditor
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Norham House
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Mountenoy Road
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Rotherham
|
|
South Yorkshire
|
|
S60 2AJ
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|
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Strategic Report
|
|
Director
|
Registered office:
|
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|
|
Directors' Report
|
|
|
|
|
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Director
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Registered office:
|
|
|
|
|
|
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Independent Auditor's Report to the Members of
|
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(Senior Statutory Auditor)
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For and on behalf of
|
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Chartered Accountants & Statutory Auditor
|
Norham House
|
Mountenoy Road
|
Rotherham
|
South Yorkshire
|
S60 2AJ
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Consolidated Statement of Comprehensive Income
|
2019
|
2018
|
||
Note
|
£
|
£
|
|
Turnover
|
4
|
|
|
Cost of sales
|
|
|
------------
|
------------
|
|
Gross profit
|
|
|
Administrative expenses
|
|
|
|
Other operating income
|
5
|
|
–
|
------------
|
------------
|
||
Operating loss
|
6
|
(
|
(
|
Interest payable
|
10
|
|
|
------------
|
------------
|
||
Loss before taxation
|
(
|
(
|
|
Taxation on ordinary activities
|
11
|
–
|
–
|
---------
|
---------
|
||
Loss for the financial year and total comprehensive income
|
(
|
(
|
|
---------
|
---------
|
||
|
Consolidated Statement of Financial Position
|
2019
|
2018
|
||
Note
|
£
|
£
|
|
Intangible assets
|
12
|
|
–
|
|
Tangible assets
|
13
|
|
|
|
-------------
|
------------
|
|||
|
|
|||
Stocks
|
15
|
|
|
|
Debtors
|
16
|
|
|
|
Cash at bank and in hand
|
|
|
||
------------
|
---------
|
|||
|
|
|||
Creditors: amounts falling due within one year
|
17
|
|
|
|
------------
|
---------
|
|||
Net current liabilities
|
|
|
||
-------------
|
------------
|
|||
Total assets less current liabilities
|
|
|
||
Creditors: amounts falling due after more than one year
|
18
|
|
|
|
-------------
|
------------
|
|||
Net assets
|
|
|
||
-------------
|
------------
|
|||
Called up share capital
|
21
|
|
|
|
Share premium account
|
22
|
|
|
|
Profit and loss account
|
22
|
(
|
(
|
|
------------
|
------------
|
|||
Shareholders funds
|
|
|
||
------------
|
------------
|
|||
|
Director
|
|
Company Statement of Financial Position
|
2019
|
2018
|
||
Note
|
£
|
£
|
|
Intangible assets
|
12
|
|
–
|
|
Tangible assets
|
13
|
|
|
|
Investments
|
14
|
|
|
|
-------------
|
------------
|
|||
|
|
|||
Debtors
|
16
|
|
|
|
Cash at bank and in hand
|
|
|
||
------------
|
---------
|
|||
|
|
|||
Creditors: amounts falling due within one year
|
17
|
|
|
|
------------
|
------------
|
|||
Net current liabilities
|
|
|
||
-------------
|
------------
|
|||
Total assets less current liabilities
|
|
|
||
Creditors: amounts falling due after more than one year
|
18
|
|
|
|
-------------
|
------------
|
|||
Net assets
|
|
|
||
-------------
|
------------
|
|||
Called up share capital
|
21
|
|
|
|
Share premium account
|
22
|
|
|
|
Profit and loss account
|
22
|
(
|
(
|
|
------------
|
------------
|
|||
Shareholders funds
|
|
|
||
------------
|
------------
|
|||
|
Director
|
|
Consolidated Statement of Changes in Equity
|
Called up share capital
|
Share premium account
|
Profit and loss account
|
Total
|
|
£
|
£
|
£
|
£
|
|
At 1 April 2017 (as previously reported)
|
|
|
(
|
|
Prior period adjustments
|
–
|
–
|
(6,000)
|
(6,000)
|
------------
|
------------
|
---------
|
------------
|
|
At 1 April 2017 (restated)
|
|
|
(
|
|
------------
|
------------
|
---------
|
------------
|
|
Loss for the year
|
(
|
(
|
||
------------
|
------------
|
---------
|
------------
|
|
Total comprehensive income for the year
|
–
|
–
|
(
|
(
|
Cancellation of subscribed capital
|
(
|
–
|
–
|
(
|
------------
|
------------
|
---------
|
------------
|
|
Total investments by and distributions to owners
|
(
|
–
|
–
|
(
|
At 31 March 2018
|
|
|
(
|
|
Loss for the year
|
(
|
(
|
||
------------
|
------------
|
------------
|
------------
|
|
Total comprehensive income for the year
|
–
|
–
|
(
|
(
|
Issue of shares
|
|
|
–
|
|
Cancellation of subscribed capital
|
(
|
–
|
–
|
(
|
------------
|
---------
|
----
|
------------
|
|
Total investments by and distributions to owners
|
|
|
–
|
|
------------
|
------------
|
------------
|
------------
|
|
At 31 March 2019
|
|
|
(
|
|
------------
|
------------
|
------------
|
------------
|
|
|
Company Statement of Changes in Equity
|
Called up share capital
|
Share premium account
|
Profit and loss account
|
Total
|
|
£
|
£
|
£
|
£
|
|
At 1 April 2017 (as previously reported)
|
|
|
(
|
|
Prior period adjustments
|
–
|
–
|
(6,000)
|
(6,000)
|
------------
|
------------
|
------------
|
------------
|
|
At 1 April 2017 (restated)
|
|
|
(
|
|
------------
|
------------
|
------------
|
------------
|
|
Loss for the year
|
(
|
(
|
||
------------
|
------------
|
------------
|
------------
|
|
Total comprehensive income for the year
|
–
|
–
|
(
|
(
|
Cancellation of subscribed capital
|
(
|
–
|
–
|
(
|
------------
|
------------
|
------------
|
------------
|
|
Total investments by and distributions to owners
|
(
|
–
|
–
|
(
|
At 31 March 2018
|
|
|
(
|
|
Loss for the year
|
(
|
(
|
||
------------
|
------------
|
------------
|
------------
|
|
Total comprehensive income for the year
|
–
|
–
|
(
|
(
|
Issue of shares
|
|
|
–
|
|
Cancellation of subscribed capital
|
(
|
–
|
–
|
(
|
------------
|
---------
|
----
|
------------
|
|
Total investments by and distributions to owners
|
|
|
–
|
|
------------
|
------------
|
------------
|
------------
|
|
At 31 March 2019
|
|
|
(
|
|
------------
|
------------
|
------------
|
------------
|
|
|
Consolidated Statement of Cash Flows
|
2019
|
2018
|
|
£
|
£
|
|
Loss for the financial year
|
(
|
(
|
Adjustments for:
|
||
Depreciation of tangible assets
|
|
|
Impairment of tangible assets
|
–
|
21,957
|
Amortisation of intangible assets
|
|
–
|
Interest payable
|
|
|
Gains on disposal of tangible assets
|
(
|
–
|
Accrued income
|
(
|
(
|
Changes in:
|
||
Stocks
|
(
|
(
|
Trade and other debtors
|
(
|
|
Trade and other creditors
|
|
|
---------
|
---------
|
|
Cash generated from operations
|
|
(
|
Interest paid
|
(
|
(
|
---------
|
---------
|
|
Net cash from/(used in) operating activities
|
|
(
|
---------
|
---------
|
|
Purchase of tangible assets
|
(
|
(
|
Proceeds from sale of tangible assets
|
|
|
Purchase of intangible assets
|
(
|
–
|
------------
|
------------
|
|
Net cash used in investing activities
|
(
|
(
|
------------
|
------------
|
|
Proceeds from issue of ordinary shares
|
|
–
|
Payments of share issue costs
|
–
|
(
|
Proceeds from borrowings
|
|
|
------------
|
------------
|
|
Net cash from financing activities
|
|
|
------------
|
------------
|
|
Net increase/(decrease) in cash and cash equivalents
|
|
(
|
Cash and cash equivalents at beginning of year
|
620,650
|
1,774,746
|
------------
|
------------
|
|
Cash and cash equivalents at end of year
|
|
|
------------
|
------------
|
|
|
Notes to the Financial Statements
|
Goodwill
|
-
|
|
|
Freehold Property
|
-
|
|
|
Short Leasehold Property
|
-
|
|
|
Plant and Machinery
|
-
|
|
|
Fixtures and Fittings
|
-
|
|
|
Equipment
|
-
|
|
|
2019
|
2018
|
|
£
|
£
|
|
Sale of goods
|
|
|
------------
|
------------
|
|
2019
|
2018
|
|
£
|
£
|
|
Other operating income
|
|
–
|
-------
|
----
|
|
2019
|
2018
|
|
£
|
£
|
|
Amortisation of intangible assets
|
|
–
|
Depreciation of tangible assets
|
|
359,586
|
Administrative expenses
|
–
|
21,957
|
|
Gains on disposal of tangible assets
|
(
|
–
|
|
---------
|
---------
|
||
2019
|
2018
|
|
£
|
£
|
|
Fees payable for the audit of the financial statements
|
|
|
--------
|
--------
|
|
2019
|
2018
|
|
No.
|
No.
|
|
Production staff
|
|
|
----
|
----
|
|
2019
|
2018
|
|
£
|
£
|
|
Wages and salaries
|
|
|
Social security costs
|
|
|
Other pension costs
|
|
|
------------
|
------------
|
|
|
|
|
------------
|
------------
|
|
2019
|
2018
|
|
£
|
£
|
|
Remuneration
|
|
|
Company contributions to defined contribution pension plans
|
|
–
|
---------
|
--------
|
|
|
|
|
---------
|
--------
|
|
2019
|
2018
|
|
£
|
£
|
|
Interest on banks loans and overdrafts
|
|
|
Other interest payable and similar charges
|
|
|
---------
|
--------
|
|
|
|
|
---------
|
--------
|
|
2019
|
2018
|
|
£
|
£
|
|
Loss on ordinary activities before taxation
|
(
|
(
|
---------
|
---------
|
|
Loss on ordinary activities by rate of tax
|
(
|
(
|
Effect of expenses not deductible for tax purposes
|
|
|
Effect of capital allowances and depreciation
|
|
(
|
Utilisation of tax losses
|
(
|
(
|
Unused tax losses
|
|
|
---------
|
---------
|
|
Tax on loss
|
–
|
–
|
---------
|
---------
|
|
Group
|
Goodwill
|
£
|
|
Cost
|
|
At 1 April 2018
|
–
|
Additions
|
|
------------
|
|
At 31 March 2019
|
|
------------
|
|
Amortisation
|
|
At 1 April 2018
|
–
|
Charge for the year
|
|
------------
|
|
At 31 March 2019
|
|
------------
|
|
Carrying amount
|
|
At 31 March 2019
|
|
------------
|
|
At 31 March 2018
|
–
|
------------
|
|
Company
|
Goodwill
|
£
|
|
Cost
|
|
At 1 April 2018
|
–
|
Additions
|
|
------------
|
|
At 31 March 2019
|
|
------------
|
|
Amortisation
|
|
At 1 April 2018
|
–
|
Charge for the year
|
|
------------
|
|
At 31 March 2019
|
|
------------
|
|
Carrying amount
|
|
At 31 March 2019
|
|
------------
|
|
At 31 March 2018
|
–
|
------------
|
|
Group
|
Freehold land and buildings
|
Plant and machinery
|
Fixtures and fittings
|
Equipment
|
Total
|
£
|
£
|
£
|
£
|
£
|
|
Cost
|
|||||
At 1 April 2018
|
|
|
|
–
|
|
Additions
|
|
–
|
|
|
|
Disposals
|
(
|
–
|
(
|
–
|
(
|
-------------
|
---------
|
---------
|
--------
|
-------------
|
|
At 31 March 2019
|
|
|
|
|
|
-------------
|
---------
|
---------
|
--------
|
-------------
|
|
Depreciation
|
|||||
At 1 April 2018
|
|
|
|
–
|
|
Charge for the year
|
|
|
|
|
|
Disposals
|
(
|
–
|
(
|
–
|
(
|
-------------
|
---------
|
---------
|
--------
|
-------------
|
|
At 31 March 2019
|
|
|
|
|
|
-------------
|
---------
|
---------
|
--------
|
-------------
|
|
Carrying amount
|
|||||
At 31 March 2019
|
|
|
|
|
|
-------------
|
---------
|
---------
|
--------
|
-------------
|
|
At 31 March 2018
|
|
|
|
–
|
|
-------------
|
---------
|
---------
|
--------
|
-------------
|
|
Company
|
Freehold land and buildings
|
Plant and machinery
|
Fixtures and fittings
|
Equipment
|
Total
|
£
|
£
|
£
|
£
|
£
|
|
Cost
|
|||||
At 1 April 2018
|
|
|
|
–
|
|
Additions
|
|
–
|
|
(
|
|
Disposals
|
(
|
–
|
(
|
–
|
(
|
-------------
|
---------
|
---------
|
-------
|
------------
|
|
At 31 March 2019
|
|
|
|
(
|
|
-------------
|
---------
|
---------
|
-------
|
------------
|
|
Depreciation
|
|||||
At 1 April 2018
|
|
|
|
–
|
|
Charge for the year
|
|
|
|
(
|
|
Disposals
|
(
|
–
|
(
|
–
|
(
|
-------------
|
---------
|
---------
|
-------
|
------------
|
|
At 31 March 2019
|
|
|
|
(
|
|
-------------
|
---------
|
---------
|
-------
|
------------
|
|
Carrying amount
|
|||||
At 31 March 2019
|
|
|
|
–
|
|
-------------
|
---------
|
---------
|
-------
|
------------
|
|
At 31 March 2018
|
|
|
|
–
|
|
-------------
|
---------
|
---------
|
-------
|
------------
|
|
Company
|
Shares in group undertakings
|
£
|
|
Cost
|
|
At 1 April 2018
|
|
Additions
|
|
------------
|
|
At 31 March 2019
|
|
------------
|
|
Impairment
|
|
At 1 April 2018 and 31 March 2019
|
–
|
------------
|
|
Carrying amount
|
|
At 31 March 2019
|
|
------------
|
|
At 31 March 2018
|
|
------------
|
|
Class of share
|
Percentage of shares held
|
|
Subsidiary undertakings
|
||
|
Ordinary
|
100
|
|
Ordinary
|
100
|
|
Ordinary
|
100
|
|
Ordinary
|
100
|
|
Ordinary
|
100
|
|
Ordinary
|
100
|
|
Ordinary
|
100
|
|
Ordinary
|
100
|
2019
|
||
£
|
||
Fixed assets
|
5,716,257
|
|
Current assets
|
474,992
|
|
Current liabilities
|
623,678
|
|
Total
|
5,567,571
|
|
2019
|
||
£
|
||
Consideration
|
7,750,000
|
|
Acquisition costs
|
172,085
|
|
Total
|
7,922,085
|
|
2019
|
||
£
|
||
Goodwill arising on consolidation
|
2,354,514
|
|
Group
|
Company
|
|||
2019
|
2018
|
2019
|
2018
|
|
£
|
£
|
£
|
£
|
|
Liquor and Food
|
|
|
–
|
–
|
---------
|
--------
|
----
|
----
|
|
Group
|
Company
|
|||
2019
|
2018
|
2019
|
2018
|
|
£
|
£
|
£
|
£
|
|
Amounts owed by group undertakings
|
–
|
–
|
|
|
Prepayments and accrued income
|
|
|
|
–
|
Other debtors
|
|
|
|
|
---------
|
---------
|
---------
|
--------
|
|
|
|
|
|
|
---------
|
---------
|
---------
|
--------
|
|
Group
|
Company
|
|||
2019
|
2018
|
2019
|
2018
|
|
£
|
£
|
£
|
£
|
|
Bank loans and overdrafts
|
|
|
|
|
Trade creditors
|
|
|
|
|
Amounts owed to group undertakings
|
–
|
–
|
|
|
Accruals and deferred income
|
|
|
|
|
Social security and other taxes
|
|
|
|
|
Director loan accounts
|
|
|
–
|
–
|
Other creditors
|
|
|
|
|
------------
|
---------
|
------------
|
------------
|
|
|
|
|
|
|
------------
|
---------
|
------------
|
------------
|
|
Group
|
Company
|
|||
2019
|
2018
|
2019
|
2018
|
|
£
|
£
|
£
|
£
|
|
Bank loans and overdrafts
|
|
|
|
|
Director loan accounts
|
|
–
|
–
|
–
|
Loan Notes
|
|
–
|
|
–
|
------------
|
------------
|
------------
|
------------
|
|
|
|
|
|
|
------------
|
------------
|
------------
|
------------
|
|
2019 | 2018 | ||
£ | £ | ||
Other debtors | 34,758 | 9,233 | |
Cash at bank | 1,325,902 | 620,650 | |
Total | 1,360,660 | 629,883 | |
2019 | 2018 | ||
£ | £ | ||
Bank loans and overdrafts | 7,196,431 | 1,566,688 | |
Other loans | 2,367,102 | – | |
Trade creditors | 750,758 | 354,389 | |
Other creditors | 353,757 | 241,225 | |
Total | 10,668,048 | 2,162,302 | |
2019
|
2018
|
|||
No.
|
£
|
No.
|
£
|
|
|
|
5,611,220
|
|
5,611,221
|
|
|
100
|
|
100
|
|
|
1,180,586
|
–
|
–
|
------------
|
------------
|
------------
|
------------
|
|
|
6,791,906
|
|
5,611,321
|
|
------------
|
------------
|
------------
|
------------
|
|
No.
|
£
|
|
At 1 April 2018
|
|
5,611,221
|
Shares cancelled
|
–
|
(1)
|
------------
|
------------
|
|
At 31 March 2019
|
5,611,221
|
5,611,220
|
------------
|
------------
|
|
No. | £ | ||
Ordinary C Class | |||
At 1 April 2018 | |||
Shares issued | 1,180,586 | 1,180,586 | |
At 31 March 2019 | 1,180,586 | 1,180,586 | |
Balance brought forward and outstanding
|
||
2019
|
2018
|
|
£
|
£
|
|
|
(
|
(
|
--------
|
--------
|
|