Silverfin false 31/03/2023 01/04/2022 31/03/2023 Miss L Jenkins 28/02/2020 Mr J Tarrant-Boyce 19/12/2017 18 August 2023 The principal activity of the Company during the financial year was that of a public house and bar. 11118316 2023-03-31 11118316 bus:Director1 2023-03-31 11118316 bus:Director2 2023-03-31 11118316 2022-03-31 11118316 core:CurrentFinancialInstruments 2023-03-31 11118316 core:CurrentFinancialInstruments 2022-03-31 11118316 core:Non-currentFinancialInstruments 2023-03-31 11118316 core:Non-currentFinancialInstruments 2022-03-31 11118316 core:ShareCapital 2023-03-31 11118316 core:ShareCapital 2022-03-31 11118316 core:RetainedEarningsAccumulatedLosses 2023-03-31 11118316 core:RetainedEarningsAccumulatedLosses 2022-03-31 11118316 core:Goodwill 2022-03-31 11118316 core:Goodwill 2023-03-31 11118316 core:LandBuildings 2022-03-31 11118316 core:PlantMachinery 2022-03-31 11118316 core:LandBuildings 2023-03-31 11118316 core:PlantMachinery 2023-03-31 11118316 bus:OrdinaryShareClass1 2023-03-31 11118316 2022-04-01 2023-03-31 11118316 bus:FullAccounts 2022-04-01 2023-03-31 11118316 bus:SmallEntities 2022-04-01 2023-03-31 11118316 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11118316 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11118316 bus:Director1 2022-04-01 2023-03-31 11118316 bus:Director2 2022-04-01 2023-03-31 11118316 core:Goodwill core:TopRangeValue 2022-04-01 2023-03-31 11118316 core:LandBuildings core:TopRangeValue 2022-04-01 2023-03-31 11118316 core:PlantMachinery 2022-04-01 2023-03-31 11118316 2021-04-01 2022-03-31 11118316 core:Goodwill 2022-04-01 2023-03-31 11118316 core:LandBuildings 2022-04-01 2023-03-31 11118316 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 11118316 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 11118316 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11118316 (England and Wales)

TARRANT INNS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

TARRANT INNS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

TARRANT INNS LIMITED

BALANCE SHEET

As at 31 March 2023
TARRANT INNS LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 69,347 83,950
Tangible assets 4 684,066 698,580
753,413 782,530
Current assets
Stocks 6,463 4,674
Debtors 5 24,327 28,872
Cash at bank and in hand 76,352 81,579
107,142 115,125
Creditors: amounts falling due within one year 6 ( 765,764) ( 678,937)
Net current liabilities (658,622) (563,812)
Total assets less current liabilities 94,791 218,718
Creditors: amounts falling due after more than one year 7 ( 375,059) ( 396,965)
Net liabilities ( 280,268) ( 178,247)
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account ( 280,368 ) ( 178,347 )
Total shareholder's deficit ( 280,268) ( 178,247)

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Tarrant Inns Limited (registered number: 11118316) were approved and authorised for issue by the Board of Directors on 18 August 2023. They were signed on its behalf by:

Miss L Jenkins
Director
TARRANT INNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
TARRANT INNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tarrant Inns Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Bearslake Inn, Sourton, Okehampton, EX20 4HQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 15 16

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2022 146,000 146,000
At 31 March 2023 146,000 146,000
Accumulated amortisation
At 01 April 2022 62,050 62,050
Charge for the financial year 14,603 14,603
At 31 March 2023 76,653 76,653
Net book value
At 31 March 2023 69,347 69,347
At 31 March 2022 83,950 83,950

4. Tangible assets

Land and buildings Plant and machinery Total
£ £ £
Cost
At 01 April 2022 742,753 26,940 769,693
Additions 1,800 2,952 4,752
At 31 March 2023 744,553 29,892 774,445
Accumulated depreciation
At 01 April 2022 63,098 8,015 71,113
Charge for the financial year 14,891 4,375 19,266
At 31 March 2023 77,989 12,390 90,379
Net book value
At 31 March 2023 666,564 17,502 684,066
At 31 March 2022 679,655 18,925 698,580

5. Debtors

2023 2022
£ £
Trade debtors 0 308
Other debtors 24,327 28,564
24,327 28,872

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans and overdrafts 81,521 38,715
Trade creditors 45,220 30,590
Other taxation and social security 14,612 9,560
Obligations under finance leases and hire purchase contracts 2,015 2,346
Other creditors 622,396 597,726
765,764 678,937

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 375,059 394,950
Obligations under finance leases and hire purchase contracts 0 2,015
375,059 396,965

The bank borrowings are secured on the property.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100