IRIS Accounts Production v23.3.0.418 12550728 director 1.5.22 30.4.23 30.4.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh125507282022-04-30125507282023-04-30125507282022-05-012023-04-30125507282021-04-30125507282021-05-012022-04-30125507282022-04-3012550728ns10:Originalns15:EnglandWales2022-05-012023-04-3012550728ns14:PoundSterlingns10:Original2022-05-012023-04-3012550728ns10:Originalns10:Director12022-05-012023-04-3012550728ns10:Original2022-05-012023-04-3012550728ns10:Original2023-04-3012550728ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3012550728ns10:Originalns10:SmallEntities2022-05-012023-04-3012550728ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3012550728ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3012550728ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3012550728ns10:Originalns10:FullAccounts2022-05-012023-04-3012550728ns10:Originalns10:OrdinaryShareClass12022-05-012023-04-3012550728ns10:Originalns10:RegisteredOffice2022-05-012023-04-3012550728ns10:Original2022-04-3012550728ns10:Originalns5:CurrentFinancialInstruments2023-04-3012550728ns10:Originalns5:CurrentFinancialInstruments2022-04-3012550728ns5:ShareCapitalns10:Original2023-04-3012550728ns5:ShareCapitalns10:Original2022-04-3012550728ns10:Originalns5:CapitalRedemptionReserve2023-04-3012550728ns10:Originalns5:CapitalRedemptionReserve2022-04-3012550728ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3012550728ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3012550728ns10:Originalns5:PlantMachinery2022-05-012023-04-3012550728ns10:Originalns5:FurnitureFittings2022-05-012023-04-3012550728ns10:Originalns5:MotorVehicles2022-05-012023-04-3012550728ns10:Original2021-05-012022-04-3012550728ns10:Originalns5:PlantMachinery2022-04-3012550728ns10:Originalns5:FurnitureFittings2022-04-3012550728ns10:Originalns5:MotorVehicles2022-04-3012550728ns10:Original2022-04-3012550728ns10:Originalns5:PlantMachinery2023-04-3012550728ns10:Originalns5:FurnitureFittings2023-04-3012550728ns10:Originalns5:MotorVehicles2023-04-3012550728ns10:Originalns5:PlantMachinery2022-04-3012550728ns10:Originalns5:FurnitureFittings2022-04-3012550728ns10:Originalns5:MotorVehicles2022-04-3012550728ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3012550728ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-3012550728ns10:Originalns5:WithinOneYear2023-04-3012550728ns10:Originalns5:WithinOneYear2022-04-3012550728ns5:BetweenOneFiveYearsns10:Original2023-04-3012550728ns5:BetweenOneFiveYearsns10:Original2022-04-3012550728ns10:Originalns5:AllPeriods2023-04-3012550728ns10:Originalns5:AllPeriods2022-04-3012550728ns10:Originalns10:OrdinaryShareClass12023-04-30
REGISTERED NUMBER: 12550728 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

SAXON INNS LTD

SAXON INNS LTD (REGISTERED NUMBER: 12550728)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAXON INNS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: M O David





REGISTERED OFFICE: 36A Church Street
Willingham
Cambridgeshire
CB24 5HT





REGISTERED NUMBER: 12550728 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

SAXON INNS LTD (REGISTERED NUMBER: 12550728)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 17,015 21,146

CURRENT ASSETS
Stocks 10,739 6,042
Debtors 6 11,847 12,777
Cash at bank and in hand 66,463 58,347
89,049 77,166
CREDITORS
Amounts falling due within one year 7 (102,723 ) (96,673 )
NET CURRENT LIABILITIES (13,674 ) (19,507 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,341 1,639

PROVISIONS FOR LIABILITIES (3,233 ) -
NET ASSETS 108 1,639

CAPITAL AND RESERVES
Called up share capital 9 8 16
Capital redemption reserve 8 -
Retained earnings 92 1,623
SHAREHOLDERS' FUNDS 108 1,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

SAXON INNS LTD (REGISTERED NUMBER: 12550728)

BALANCE SHEET - continued
30 APRIL 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2023 and were signed by:





M O David - Director


SAXON INNS LTD (REGISTERED NUMBER: 12550728)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Saxon Inns Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover consists of bar sales along with gambling machines and pool table sales.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% 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.

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.

SAXON INNS LTD (REGISTERED NUMBER: 12550728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. ACCOUNTING POLICIES - continued

Grant income
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received using the performance model.

The grant will therefore be recognised in other income when the grant proceeds are received or receivable provided the terms of the grant do not impose future performance related conditions.

If the terms of the grant do impose future performance related conditions, the grant is only recognised in income when the performance related conditions are met.

Any grants that are received before the recognition criteria is met are recognised in the entity's financial statements as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 13 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2022 4,211 18,763 5,000 27,974
Additions 120 231 - 351
At 30 April 2023 4,331 18,994 5,000 28,325
DEPRECIATION
At 1 May 2022 739 6,089 - 6,828
Charge for year 792 2,593 1,250 4,635
Eliminated on disposal - (153 ) - (153 )
At 30 April 2023 1,531 8,529 1,250 11,310
NET BOOK VALUE
At 30 April 2023 2,800 10,465 3,750 17,015
At 30 April 2022 3,472 12,674 5,000 21,146

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 11,847 12,777

SAXON INNS LTD (REGISTERED NUMBER: 12550728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,790 10,523
Taxation and social security 11,937 6,498
Other creditors 81,996 79,652
102,723 96,673

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 32,338 28,500
Between one and five years 33,088 28,500
65,426 57,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
8 Ordinary £1 8 16

10. RELATED PARTY TRANSACTIONS

During the year the Company purchase 8 shares back from a director for £820.

At the balance sheet date the director was owed £11,682 (2022: £11,859). The amount bears no interest, is repayable on demand and is included with other creditors due in less than one year.