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REGISTERED NUMBER: 03676216 (England and Wales)





















AUDITED FINANCIAL STATEMENTS FOR THE PERIOD 28 MAY 2018 TO 26 MAY 2019

FOR

THE HINDS HEAD LIMITED

THE HINDS HEAD LIMITED (REGISTERED NUMBER: 03676216)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 MAY 2018 TO 26 MAY 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE HINDS HEAD LIMITED

COMPANY INFORMATION
FOR THE PERIOD 28 MAY 2018 TO 26 MAY 2019







DIRECTOR: P Moody



REGISTERED OFFICE: Unit B
Tectonic Place
Holyport Road
Maidenhead
Berkshire
SL6 2YE



REGISTERED NUMBER: 03676216 (England and Wales)



SENIOR STATUTORY AUDITOR: William Cope



AUDITORS: Lawfords Consulting Limited
Statutory Auditors
Union House
Walton Lodge
Bridge Street
Walton-on-Thames
Surrey
KT12 1BT

THE HINDS HEAD LIMITED (REGISTERED NUMBER: 03676216)

BALANCE SHEET
26 MAY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 2,236,781 2,340,922
2,236,782 2,340,923

CURRENT ASSETS
Stocks 39,032 54,675
Debtors 6 109,230 83,717
Cash at bank and in hand 89,397 97,253
237,659 235,645
CREDITORS
Amounts falling due within one year 7 982,914 841,435
NET CURRENT LIABILITIES (745,255 ) (605,790 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,491,527

1,735,133

CREDITORS
Amounts falling due after more than one
year

8

(1,941,533

)

(2,029,120

)

PROVISIONS FOR LIABILITIES (10,129 ) (1,477 )
NET LIABILITIES (460,135 ) (295,464 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (461,135 ) (296,464 )
SHAREHOLDERS' FUNDS (460,135 ) (295,464 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director on 21 February 2020 and were signed by:





P Moody - Director


THE HINDS HEAD LIMITED (REGISTERED NUMBER: 03676216)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 MAY 2018 TO 26 MAY 2019


1. STATUTORY INFORMATION

The Hinds Head 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 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.

The directors acknowledge the losses and the net liability position of the balance sheet although £0.4m of the
Company's liabilities is represented by interest free loans from its holding company.

The restaurant now has a new management team that is focused on a business efficiency and development plan.
The plan's emphasis is placed on labour management to reduce costs and increase the profitability of the
restaurant. The business is already seeing the benefit of this programme in the year to May 2020.

The directors believe the Company with the continuing support of its holding company has the resources to
continue in operational existence for at least 12 months from the date of signing the balance sheet
and until the net asset capital position is restored.

Accordingly, the Group continues to adopt the going concern basis in preparing its annual report and accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% and 10% on cost of buildings
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.


THE HINDS HEAD LIMITED (REGISTERED NUMBER: 03676216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 MAY 2018 TO 26 MAY 2019


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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.

Smallest parent company
The smallest parent company which draws up consolidated financial statements, which the company is a member
of, is SL6 Limited whose registered office is Unit B, Tectonic Place, Holyport Road, Maidenhead, Berkshire,
SL6 2YE.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 39 (2018 - 52 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 28 May 2018
and 26 May 2019 1
NET BOOK VALUE
At 26 May 2019 1
At 27 May 2018 1

THE HINDS HEAD LIMITED (REGISTERED NUMBER: 03676216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 MAY 2018 TO 26 MAY 2019


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 28 May 2018
and 26 May 2019 2,196,740 800,219 2,996,959
DEPRECIATION
At 28 May 2018 57,346 598,691 656,037
Charge for period 37,340 66,801 104,141
At 26 May 2019 94,686 665,492 760,178
NET BOOK VALUE
At 26 May 2019 2,102,054 134,727 2,236,781
At 27 May 2018 2,139,394 201,528 2,340,922

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 49,282 28,305
Other debtors 59,948 55,412
109,230 83,717

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 91,667 -
Trade creditors 137,744 162,218
Amounts owed to group undertakings 452,545 371,838
Taxation and social security 87,478 87,139
Other creditors 213,480 220,240
982,914 841,435

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans 1,941,533 2,029,120

THE HINDS HEAD LIMITED (REGISTERED NUMBER: 03676216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 MAY 2018 TO 26 MAY 2019


9. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank loans 2,033,200 2,029,120

The company's bankers have secured loans against the fixed assets of the company.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

William Cope (Senior Statutory Auditor)
for and on behalf of Lawfords Consulting Limited

11. CONTINGENT LIABILITIES

The company has provided an unlimited guarantee in respect of the bank loans of fellow subsidiaries.
At the balance sheet date, these loans totalled £216,678 (2018: £316,674).

12. APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns
to the tax authorities and assist with the preparation of the financial statements.

In common with many other businesses of our size and nature we use our auditors to provide tax advice and to
represent us, as necessary, at tax tribunals.