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REGISTERED NUMBER: 09924037 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

NORTH COUNTRY INNS LIMITED

NORTH COUNTRY INNS LIMITED (REGISTERED NUMBER: 09924037)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NORTH COUNTRY INNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: R G Watson





REGISTERED OFFICE: Victoria House
Bondgate Within
Alnwick
Northumberland
NE66 1TA





REGISTERED NUMBER: 09924037 (England and Wales)





ACCOUNTANTS: Greaves Grindle
Chartered Accountants
Victoria House
Bondgate Within
Alnwick
Northumberland
NE66 1TA

NORTH COUNTRY INNS LIMITED (REGISTERED NUMBER: 09924037)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,955 53,011

CURRENT ASSETS
Stocks 20,500 28,400
Debtors 5 17,176 44,814
Cash at bank and in hand 304,049 72,788
341,725 146,002
CREDITORS
Amounts falling due within one year 6 288,937 346,550
NET CURRENT ASSETS/(LIABILITIES) 52,788 (200,548 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,743

(147,537

)

RESERVES
Retained earnings 64,743 (147,537 )
64,743 (147,537 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

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 and
(b)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.

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 and authorised for issue on 5 September 2022 and were signed by:



R G Watson - Director


NORTH COUNTRY INNS LIMITED (REGISTERED NUMBER: 09924037)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

North Country Inns 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 50% on reducing balance

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

Taxation
Taxation for the year 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 year 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.

NORTH COUNTRY INNS LIMITED (REGISTERED NUMBER: 09924037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2020 - 36 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2021 54,466 30,625 11,174 1,778 98,043
Additions - 8,769 - - 8,769
Disposals (54,466 ) (19,107 ) (11,174 ) (1,778 ) (86,525 )
At 31 December 2021 - 20,287 - - 20,287
DEPRECIATION
At 1 January 2021 21,486 16,064 6,168 1,314 45,032
Charge for year - 2,110 - - 2,110
Eliminated on disposal (21,486 ) (9,842 ) (6,168 ) (1,314 ) (38,810 )
At 31 December 2021 - 8,332 - - 8,332
NET BOOK VALUE
At 31 December 2021 - 11,955 - - 11,955
At 31 December 2020 32,980 14,561 5,006 464 53,011

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 17,176 44,814

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 21,350 20,043
Taxation and social security 47,457 10,769
Other creditors 220,130 315,738
288,937 346,550