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REGISTERED NUMBER: 13805572 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

17 DECEMBER 2021 TO 31 DECEMBER 2022

FOR

THE SALFORD INN (SALFORD) LIMITED

THE SALFORD INN (SALFORD) LIMITED (REGISTERED NUMBER: 13805572)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 DECEMBER 2021 TO 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE SALFORD INN (SALFORD) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 17 DECEMBER 2021 TO 31 DECEMBER 2022







DIRECTORS: Mr C Palmer
Sir A C Gallagher





REGISTERED OFFICE: c/o The Chequers
Church Road
Churchill
Chipping Norton
Oxfordshire
OX7 6NJ





REGISTERED NUMBER: 13805572 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

THE SALFORD INN (SALFORD) LIMITED (REGISTERED NUMBER: 13805572)

BALANCE SHEET
31 DECEMBER 2022

Notes £    £   
FIXED ASSETS
Tangible assets 4 468,054

CURRENT ASSETS
Debtors 5 36,741

CREDITORS
Amounts falling due within one year 6 139,842
NET CURRENT LIABILITIES (103,101 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,953

CREDITORS
Amounts falling due after more than one
year

7

520,993
NET LIABILITIES (156,040 )

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings (156,140 )
SHAREHOLDERS' FUNDS (156,040 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

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 Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by:





Mr C Palmer - Director


THE SALFORD INN (SALFORD) LIMITED (REGISTERED NUMBER: 13805572)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 DECEMBER 2021 TO 31 DECEMBER 2022

1. STATUTORY INFORMATION

The Salford Inn (Salford) 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 company meets its day to day working capital requirements through funds from the parent company. The company expects to be able to operate within these facilities. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.The directors have confirmed that the parent company will continue to support the company.

Preparation of consolidated financial statements
The company is a wholly owned subsidiary of MPG Local Pub Limited, whose registered office is The Chequers, Church Road, Churchill, Chipping Norton, Oxfordshire OX7 6NJ. That company is exempt from preparing group accounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

The directors consider that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account.

The directors perform annual impairment reviews in accordance with the requirements of the FRS102A to ensure that the recoverable amount is not lower than the carrying value.

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.

THE SALFORD INN (SALFORD) LIMITED (REGISTERED NUMBER: 13805572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17 DECEMBER 2021 TO 31 DECEMBER 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
Additions 468,054
At 31 December 2022 468,054
NET BOOK VALUE
At 31 December 2022 468,054

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 6,400
VAT 17,108
Prepayments 13,233
36,741

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 88,642
Accrued expenses 51,200
139,842

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Amounts owed to group undertakings 520,993

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100