2021-04-012022-03-312022-03-31false04585107The Red Lion Inn (Babcary) Ltd2022-08-0856302iso4217:GBPxbrli:pure045851072021-04-01045851072022-03-31045851072021-04-012022-03-31045851072020-04-01045851072021-03-31045851072020-04-012021-03-3104585107bus:SmallEntities2021-04-012022-03-3104585107bus:AuditExempt-NoAccountantsReport2021-04-012022-03-3104585107bus:AbridgedAccounts2021-04-012022-03-3104585107bus:PrivateLimitedCompanyLtd2021-04-012022-03-3104585107core:WithinOneYear2022-03-3104585107core:AfterOneYear2022-03-3104585107core:WithinOneYear2021-03-3104585107core:AfterOneYear2021-03-3104585107core:ShareCapital2022-03-3104585107core:SharePremium2022-03-3104585107core:RevaluationReserve2022-03-3104585107core:OtherReservesSubtotal2022-03-3104585107core:RetainedEarningsAccumulatedLosses2022-03-3104585107core:ShareCapital2021-03-3104585107core:SharePremium2021-03-3104585107core:RevaluationReserve2021-03-3104585107core:OtherReservesSubtotal2021-03-3104585107core:RetainedEarningsAccumulatedLosses2021-03-3104585107core:LandBuildings2022-03-3104585107core:PlantMachinery2022-03-3104585107core:Vehicles2022-03-3104585107core:FurnitureFittings2022-03-3104585107core:OfficeEquipment2022-03-3104585107core:NetGoodwill2022-03-3104585107core:IntangibleAssetsOtherThanGoodwill2022-03-3104585107core:ListedExchangeTraded2022-03-3104585107core:UnlistedNon-exchangeTraded2022-03-3104585107core:LandBuildings2021-03-3104585107core:PlantMachinery2021-03-3104585107core:Vehicles2021-03-3104585107core:FurnitureFittings2021-03-3104585107core:OfficeEquipment2021-03-3104585107core:NetGoodwill2021-03-3104585107core:IntangibleAssetsOtherThanGoodwill2021-03-3104585107core:ListedExchangeTraded2021-03-3104585107core:UnlistedNon-exchangeTraded2021-03-3104585107core:LandBuildings2021-04-012022-03-3104585107core:PlantMachinery2021-04-012022-03-3104585107core:Vehicles2021-04-012022-03-3104585107core:FurnitureFittings2021-04-012022-03-3104585107core:OfficeEquipment2021-04-012022-03-3104585107core:NetGoodwill2021-04-012022-03-3104585107core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3104585107core:ListedExchangeTraded2021-04-012022-03-3104585107core:UnlistedNon-exchangeTraded2021-04-012022-03-3104585107core:MoreThanFiveYears2021-04-012022-03-3104585107core:Non-currentFinancialInstruments2022-03-3104585107core:Non-currentFinancialInstruments2021-03-3104585107dpl:CostSales2021-04-012022-03-3104585107dpl:DistributionCosts2021-04-012022-03-3104585107dpl:AdministrativeExpenses2021-04-012022-03-3104585107core:LandBuildings2021-04-012022-03-3104585107core:PlantMachinery2021-04-012022-03-3104585107core:Vehicles2021-04-012022-03-3104585107core:FurnitureFittings2021-04-012022-03-3104585107core:OfficeEquipment2021-04-012022-03-3104585107core:NetGoodwill2021-04-012022-03-3104585107core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3104585107dpl:GroupUndertakings2021-04-012022-03-3104585107dpl:ParticipatingInterests2021-04-012022-03-3104585107dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3104585107core:ListedExchangeTraded2021-04-012022-03-3104585107dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3104585107core:UnlistedNon-exchangeTraded2021-04-012022-03-3104585107dpl:CostSales2020-04-012021-03-3104585107dpl:DistributionCosts2020-04-012021-03-3104585107dpl:AdministrativeExpenses2020-04-012021-03-3104585107core:LandBuildings2020-04-012021-03-3104585107core:PlantMachinery2020-04-012021-03-3104585107core:Vehicles2020-04-012021-03-3104585107core:FurnitureFittings2020-04-012021-03-3104585107core:OfficeEquipment2020-04-012021-03-3104585107core:NetGoodwill2020-04-012021-03-3104585107core:IntangibleAssetsOtherThanGoodwill2020-04-012021-03-3104585107dpl:GroupUndertakings2020-04-012021-03-3104585107dpl:ParticipatingInterests2020-04-012021-03-3104585107dpl:GroupUndertakingscore:ListedExchangeTraded2020-04-012021-03-3104585107core:ListedExchangeTraded2020-04-012021-03-3104585107dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-04-012021-03-3104585107core:UnlistedNon-exchangeTraded2020-04-012021-03-3104585107core:NetGoodwill2022-03-3104585107core:IntangibleAssetsOtherThanGoodwill2022-03-3104585107core:LandBuildings2022-03-3104585107core:PlantMachinery2022-03-3104585107core:Vehicles2022-03-3104585107core:FurnitureFittings2022-03-3104585107core:OfficeEquipment2022-03-3104585107core:AfterOneYear2022-03-3104585107core:WithinOneYear2022-03-3104585107core:ListedExchangeTraded2022-03-3104585107core:UnlistedNon-exchangeTraded2022-03-3104585107core:ShareCapital2022-03-3104585107core:SharePremium2022-03-3104585107core:RevaluationReserve2022-03-3104585107core:OtherReservesSubtotal2022-03-3104585107core:RetainedEarningsAccumulatedLosses2022-03-3104585107core:NetGoodwill2021-03-3104585107core:IntangibleAssetsOtherThanGoodwill2021-03-3104585107core:LandBuildings2021-03-3104585107core:PlantMachinery2021-03-3104585107core:Vehicles2021-03-3104585107core:FurnitureFittings2021-03-3104585107core:OfficeEquipment2021-03-3104585107core:AfterOneYear2021-03-3104585107core:WithinOneYear2021-03-3104585107core:Liste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The Red Lion Inn (Babcary) Ltd

Registered Number
04585107
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2022

The Red Lion Inn (Babcary) Ltd
Company Information
for the year from 1 April 2021 to 31 March 2022

Directors

Garrard, Charles Rochfort
Garrard, Clare Nicola

Registered Address

The Red Lion Inn
Babcary
Somerset
TA11 7ED

Registered Number

04585107 (England and Wales)
The Red Lion Inn (Babcary) Ltd
Balance Sheet as at
31 March 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets5510,803528,687
510,803528,687
Current assets
Stocks8,4584,707
Debtors1,06913,757
Cash at bank and on hand146,3191,492
155,84619,956
Creditors amounts falling due within one year7(156,495)(174,070)
Net current assets (liabilities)(649)(154,114)
Total assets less current liabilities510,154374,573
Creditors amounts falling due after one year(272,174)(292,776)
Provisions for liabilities(6,010)(6,882)
Net assets231,97074,915
Capital and reserves
Called up share capital100100
Profit and loss account231,87074,815
Shareholders' funds231,97074,915
The financial statements were approved and authorised for issue by the Board of Directors on 8 August 2022, and are signed on its behalf by:
Garrard, Charles Rochfort
Director
Registered Company No. 04585107
The Red Lion Inn (Babcary) Ltd
Notes to the Financial Statements
for the year ended 31 March 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-50
Fixtures and fittings15-
Office Equipment15-
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Government grants and other government assistance policy
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
4.Employee information

20222021
Average number of employees during the year2620
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 April 21850,027
Additions1,046
At 31 March 22851,073
Depreciation and impairment
At 01 April 21321,340
Charge for year18,930
At 31 March 22340,270
Net book value
At 31 March 22510,803
At 31 March 21528,687
6.Debtors within one year

2022

2021

££
Other debtors-12,078
Prepayments and accrued income1,0691,679
Total1,06913,757
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2022

2021

££
Trade creditors / trade payables38,8136,466
Bank borrowings and overdrafts22,19030,986
Amounts owed to related parties15,84635,208
Taxation and social security74,75244,740
Other creditors4,30355,079
Accrued liabilities and deferred income5911,591
Total156,495174,070
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.