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Registration number: 12380211

Swallows Retreat Limited

trading as The Three Swallows

Annual Report and Unaudited Financial Statements

for the Period from 1 January 2021 to 7 February 2022

 

Swallows Retreat Limited

trading as The Three Swallows

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Swallows Retreat Limited

trading as The Three Swallows

Company Information

Directors

Mr M Broadbent

Ms S H Hill

Mrs D Broadbent

Mr J Wood

Registered office

143 Connaught Avenue
Frinton On Sea
Essex
CO13 9AB

Accountants

The Pub Experts Ltd
1st Floor
143 Connaught Avenue
Frinton-On-Sea
Essex
CO13 9AB

 

Swallows Retreat Limited

trading as The Three Swallows

(Registration number: 12380211)
Balance Sheet as at 7 February 2022

Note

2022
£

2020
£

Fixed assets

 

Tangible assets

4

-

32,330

Current assets

 

Stocks

5

-

5,425

Debtors

6

-

17,899

Cash at bank and in hand

 

45,578

5,895

 

45,578

29,219

Creditors: Amounts falling due within one year

7

(45,515)

(48,328)

Net current assets/(liabilities)

 

63

(19,109)

Total assets less current liabilities

 

63

13,221

Provisions for liabilities

-

(6,143)

Net assets

 

63

7,078

Capital and reserves

 

Called up share capital

4

4

Profit and loss account

59

7,074

Shareholders' funds

 

63

7,078

 

Swallows Retreat Limited

trading as The Three Swallows

(Registration number: 12380211)
Balance Sheet as at 7 February 2022

For the financial period ending 7 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 29 April 2022 and signed on its behalf by:
 

.........................................
Mr M Broadbent
Director

.........................................
Ms S H Hill
Director

.........................................
Mrs D Broadbent
Director

.........................................
Mr J Wood
Director

 

Swallows Retreat Limited

trading as The Three Swallows

Notes to the Unaudited Financial Statements for the Period from 1 January 2021 to 7 February 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
143 Connaught Avenue
Frinton On Sea
Essex
CO13 9AB
United Kingdom

These financial statements were authorised for issue by the Board on 29 April 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Swallows Retreat Limited

trading as The Three Swallows

Notes to the Unaudited Financial Statements for the Period from 1 January 2021 to 7 February 2022

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% Reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 7 (2020 - 6).

 

Swallows Retreat Limited

trading as The Three Swallows

Notes to the Unaudited Financial Statements for the Period from 1 January 2021 to 7 February 2022

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2021

40,412

40,412

Disposals

(40,412)

(40,412)

At 7 February 2022

-

-

Depreciation

At 1 January 2021

8,082

8,082

Eliminated on disposal

(8,082)

(8,082)

At 7 February 2022

-

-

Carrying amount

At 7 February 2022

-

-

At 31 December 2020

32,330

32,330

5

Stocks

2022
£

2020
£

Finished goods and goods for resale

-

5,425

6

Debtors

2022
£

2020
£

Other debtors

-

17,899

-

17,899

 

Swallows Retreat Limited

trading as The Three Swallows

Notes to the Unaudited Financial Statements for the Period from 1 January 2021 to 7 February 2022

7

Creditors

Creditors: amounts falling due within one year

2022
£

2020
£

Due within one year

Trade creditors

-

2,567

Taxation and social security

15,636

-

Accruals and deferred income

-

34,170

Other creditors

29,879

11,591

45,515

48,328