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Company Registration No. 10247350 (England and Wales)
The Forest Inn Dartmoor Ltd Unaudited accounts for the year ended 30 June 2023
The Forest Inn Dartmoor Ltd Unaudited accounts Contents
Page
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The Forest Inn Dartmoor Ltd Company Information for the year ended 30 June 2023
Directors
Mr Mark Wilkinson Mrs Sally Wilkinson
Company Number
10247350 (England and Wales)
Registered Office
Lower Aish Poundsgate Newton Abbot Devon TQ13 7NY
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons) South Devon Accounting Ltd 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
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The Forest Inn Dartmoor Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
965,218 
972,022 
Current assets
Debtors
3,111 
1,667 
Cash at bank and in hand
11,341 
8,180 
14,452 
9,847 
Creditors: amounts falling due within one year
(69,067)
(54,022)
Net current liabilities
(54,615)
(44,175)
Total assets less current liabilities
910,603 
927,847 
Creditors: amounts falling due after more than one year
(312,828)
(325,328)
Provisions for liabilities
Deferred tax
(114,505)
(114,945)
Net assets
483,270 
487,574 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
483,266 
487,570 
Shareholders' funds
483,270 
487,574 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by
Mr Mark Wilkinson Director Company Registration No. 10247350
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The Forest Inn Dartmoor Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
The Forest Inn Dartmoor Ltd is a private company, limited by shares, registered in England and Wales, registration number 10247350. The registered office is Lower Aish, Poundsgate, Newton Abbot, Devon, TQ13 7NY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance Basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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The Forest Inn Dartmoor Ltd Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
938,000 
124,191 
1,062,191 
At 30 June 2023
938,000 
124,191 
1,062,191 
Depreciation
At 1 July 2022
- 
90,169 
90,169 
Charge for the year
- 
6,804 
6,804 
At 30 June 2023
- 
96,973 
96,973 
Net book value
At 30 June 2023
938,000 
27,218 
965,218 
At 30 June 2022
938,000 
34,022 
972,022 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
111 
1,667 
Other debtors
3,000 
- 
3,111 
1,667 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
1,667 
Loans from directors
58,367 
51,625 
Accruals
700 
730 
69,067 
54,022 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
312,828 
325,328 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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