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REGISTERED NUMBER: 12988020 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Appleby Inn Limited

Appleby Inn Limited (Registered number: 12988020)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Appleby Inn Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr M J Goss
Mr J A Goss





SECRETARY: Mr J A Goss





REGISTERED OFFICE: 11 Atherstone Road
Appleby Magna
Swadlincote
United Kingdom
Derbyshire
DE12 7AP





REGISTERED NUMBER: 12988020 (England and Wales)





ACCOUNTANTS: CCW Limited
Chartered Accountants
295/297 Church Street
Blackpool
Lancashire
FY1 3PJ

Appleby Inn Limited (Registered number: 12988020)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 170,000 190,000
Tangible assets 5 137,898 31,211
307,898 221,211

CURRENT ASSETS
Stocks 4,590 4,590
Debtors 6 6,524 3,274
Cash at bank and in hand 138,604 244,137
149,718 252,001
CREDITORS
Amounts falling due within one year 7 375,123 398,944
NET CURRENT LIABILITIES (225,405 ) (146,943 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,493

74,268

CREDITORS
Amounts falling due after more than one
year

8

(29,923

)

(39,691

)

PROVISIONS FOR LIABILITIES (17,229 ) (1,779 )
NET ASSETS 35,341 32,798

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 35,241 32,698
35,341 32,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Appleby Inn Limited (Registered number: 12988020)

Balance Sheet - continued
31 March 2023


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 25 August 2023 and were signed on its behalf by:




Mr M J Goss - Director



Mr J A Goss - Director


Appleby Inn Limited (Registered number: 12988020)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Appleby 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 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 15% 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.

Appleby Inn Limited (Registered number: 12988020)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

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 92 (2022 - 87 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 200,000
AMORTISATION
At 1 April 2022 10,000
Charge for year 20,000
At 31 March 2023 30,000
NET BOOK VALUE
At 31 March 2023 170,000
At 31 March 2022 190,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 April 2022 - 33,742 33,742
Additions 79,350 47,004 126,354
At 31 March 2023 79,350 80,746 160,096
DEPRECIATION
At 1 April 2022 - 2,531 2,531
Charge for year 7,935 11,732 19,667
At 31 March 2023 7,935 14,263 22,198
NET BOOK VALUE
At 31 March 2023 71,415 66,483 137,898
At 31 March 2022 - 31,211 31,211

Appleby Inn Limited (Registered number: 12988020)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,441 2,502
Other debtors 3,948 -
Prepayments 1,135 772
6,524 3,274

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,768 9,527
Trade creditors 84,281 77,753
Tax - 8,488
Social security and other taxes 91,509 50,684
Directors' loan accounts 168,420 225,536
Accrued expenses 21,145 26,956
375,123 398,944

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,015 9,768
Bank loans - 2-5 years 19,908 29,923
29,923 39,691

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 were paid to the directors .