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REGISTERED NUMBER: 11746875 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2022

for

St Brides Inn Limited

St Brides Inn Limited (Registered number: 11746875)






Contents of the Financial Statements
for the year ended 31 March 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


St Brides Inn Limited

Company Information
for the year ended 31 March 2022







DIRECTORS: A J Grey
A M Whitewright





REGISTERED OFFICE: Williamston House
7 Goat Street
HAVERFORDWEST
Pembrokeshire
SA61 1PX





REGISTERED NUMBER: 11746875 (England and Wales)

St Brides Inn Limited (Registered number: 11746875)

Abridged Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,625 17,550
Tangible assets 5 28,932 22,436
43,557 39,986

CURRENT ASSETS
Stocks 4,000 3,000
Debtors 1,383 20,408
Cash at bank and in hand 143,296 79,625
148,679 103,033
CREDITORS
Amounts falling due within one year 64,215 43,910
NET CURRENT ASSETS 84,464 59,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,021

99,109

CREDITORS
Amounts falling due after more than one
year

-

(50,000

)

PROVISIONS FOR LIABILITIES (5,318 ) (4,044 )
NET ASSETS 122,703 45,065

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 122,603 44,965
122,703 45,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

St Brides Inn Limited (Registered number: 11746875)

Abridged Balance Sheet - continued
31 March 2022


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2022 and were signed on its behalf by:




A M Whitewright - Director



A J Grey - Director


St Brides Inn Limited (Registered number: 11746875)

Notes to the Financial Statements
for the year ended 31 March 2022

1. STATUTORY INFORMATION

St Brides Inn 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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 - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

St Brides Inn Limited (Registered number: 11746875)

Notes to the Financial Statements - continued
for the year ended 31 March 2022

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2021
and 31 March 2022 23,400
AMORTISATION
At 1 April 2021 5,850
Amortisation for year 2,925
At 31 March 2022 8,775
NET BOOK VALUE

At 31 March 2022 14,625
At 31 March 2021 17,550

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2021 32,319
Additions 11,612
At 31 March 2022 43,931
DEPRECIATION
At 1 April 2021 9,883
Charge for year 5,116
At 31 March 2022 14,999
NET BOOK VALUE
At 31 March 2022 28,932
At 31 March 2021 22,436

St Brides Inn Limited (Registered number: 11746875)

Notes to the Financial Statements - continued
for the year ended 31 March 2022

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22 31.3.21
£    £   
A M Whitewright
Balance outstanding at start of year 5,574 -
Amounts advanced - 33,619
Amounts repaid (5,574 ) (28,045 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,574

A J Grey
Balance outstanding at start of year - -
Amounts advanced 1,383 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,383 -

The company has provided a loan of £5,574 to Mr A J Grey company director. The highest amount outstanding in the year was £5,574. The movements on the loan were repayments received from the director of £5,574.

The company has provided a loan of £1,383 to Mr A M Whitewright company director. The highest amount outstanding in the year was £1,383. The movements on the loan were payments to the director of £1,383. No interest has been charged on this loan. The loan has been repaid within nine months of the year end.