33 31/01/2023 2023-01-31 false false false false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2022-02-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 08852965 2022-02-01 2023-01-31 08852965 2023-01-31 08852965 2021-02-01 2022-01-31 08852965 2022-01-31 08852965 core:NetGoodwill 2022-02-01 2023-01-31 08852965 core:LandBuildings core:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 08852965 core:PlantMachinery 2022-02-01 2023-01-31 08852965 core:MotorVehicles 2022-02-01 2023-01-31 08852965 bus:Director3 2022-02-01 2023-01-31 08852965 core:NetGoodwill 2023-01-31 08852965 core:LandBuildings core:OwnedOrFreeholdAssets 2022-01-31 08852965 core:FurnitureFittingsToolsEquipment 2022-01-31 08852965 core:MotorVehicles 2022-01-31 08852965 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-31 08852965 core:FurnitureFittingsToolsEquipment 2023-01-31 08852965 core:MotorVehicles 2023-01-31 08852965 core:WithinOneYear 2023-01-31 08852965 core:WithinOneYear 2022-01-31 08852965 core:AfterOneYear 2023-01-31 08852965 core:AfterOneYear 2022-01-31 08852965 core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 08852965 core:ShareCapital 2023-01-31 08852965 core:ShareCapital 2022-01-31 08852965 core:RetainedEarningsAccumulatedLosses 2023-01-31 08852965 core:RetainedEarningsAccumulatedLosses 2022-01-31 08852965 core:NetGoodwill 2022-01-31 08852965 core:LandBuildings core:OwnedOrFreeholdAssets 2022-01-31 08852965 core:FurnitureFittingsToolsEquipment 2022-01-31 08852965 core:MotorVehicles 2022-01-31 08852965 bus:SmallEntities 2022-02-01 2023-01-31 08852965 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 08852965 bus:FullAccounts 2022-02-01 2023-01-31 08852965 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 08852965 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08852965 core:AfterOneYear 2022-02-01 2023-01-31
Company registration number: 08852965
B H Inn Limited
Unaudited filleted financial accounts
For the year ended
31 January 2023
B H Inn Limited
Contents
Statement of financial position
Notes to the financial accounts
B H Inn Limited
Statement of financial position
31 January 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 3 - -
Tangible assets 4 554,835 548,296
________ ________
554,835 548,296
Current assets
Stocks 10,000 9,500
Debtors 5 353,496 176,387
Cash at bank and in hand 2,791 72,486
________ ________
366,287 258,373
Creditors: amounts falling due
within one year 6 ( 441,796) ( 349,732)
________ ________
Net current liabilities ( 75,509) ( 91,359)
________ ________
Total assets less current liabilities 479,326 456,937
Creditors: amounts falling due
after more than one year 7 ( 402,720) ( 417,108)
________ ________
Net assets 76,606 39,829
________ ________
Capital and reserves
Called up share capital 125 125
Profit and loss account 76,481 39,704
________ ________
Shareholders funds 76,606 39,829
________ ________
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial accounts for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial accounts.
These financial accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial accounts were approved by the board of directors and authorised for issue on 27 October 2023 , and are signed on behalf of the board by:
Mr N J Putnam
Director
Company registration number: 08852965
B H Inn Limited
Notes to the financial accounts
Year ended 31 January 2023
1. Accounting policies
Statutory information
These financial accounts have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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 financial statements.
B H Inn Limited is a private company, limited by shares, domiciled in England and Wales, registration number 08852965 . The registered office is Bower House Inn, Irton, Holmrook, CA19 1TD.
Basis of preparation
These financial accounts have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006'. There were no material departures from that standard.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 financial statements.
Turnover
Turnover represents the total value, excluding VAT, of sales made during the year.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 20 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible fixed assets are included at cost less depreciation and impairment.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 2 % straight line
Plant and machinery - 25 % straight line
Motor vehicles - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
Basic financial instruments are recognised at amortised cost.
2. Employee numbers
The average number of persons employed by the company during the year amounted to 33 (2022: 32 ).
3. Intangible assets
Goodwill Total
£ £
Cost
At 1 February 2022 and 31 January 2023 25,000 25,000
________ ________
Amortisation
At 1 February 2022 and 31 January 2023 25,000 25,000
________ ________
Carrying amount
At 31 January 2023 - -
________ ________
At 31 January 2022 - -
________ ________
4. Tangible assets
Freehold property Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 February 2022 630,127 94,719 26,456 751,302
Additions - - 35,208 35,208
Disposals - - ( 26,456) (26,456)
________ ________ ________ ________
At 31 January 2023 630,127 94,719 35,208 760,054
________ ________ ________ ________
Depreciation
At 1 February 2022 89,362 93,808 19,836 203,006
Charge for the year 12,600 647 8,802 22,049
Disposals - - ( 19,836) (19,836)
________ ________ ________ ________
At 31 January 2023 101,962 94,455 8,802 205,219
________ ________ ________ ________
Carrying amount
At 31 January 2023 528,165 264 26,406 554,835
________ ________ ________ ________
At 31 January 2022 540,765 911 6,620 548,296
________ ________ ________ ________
5. Debtors
2023 2022
£ £
Other debtors 353,496 176,387
________ ________
6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 33,824 -
Trade creditors 80,817 45,219
Corporation tax 33,187 28,571
Taxation and social security 23,346 18,065
Director loan accounts 255,480 245,348
Other creditors 15,142 12,529
________ ________
441,796 349,732
________ ________
There are personal guarentees to secure the bank loans and overdraft.
7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 402,720 417,108
________ ________
The amount repayable in more than one year is secured on the company's freehold property.
8. Pension commitments
The company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held seperately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £2,037 (2022 - £1,505) were due to the fund. They are included in other creditors.
9. Directors advances, credits and guarantees
During the year the company made advances to Mr N Putnam, a director, totalling £53,717 (2022 - £4,637). No Repayments were made by 31 January 2023 and so the balance at the year end, 31 January 2023, was £73,527 (2022 - £19,810). During the year the company made advances to Mrs R E Putnam, a director, totalling £53,717 (2022 - £4,637). No Repayments were made by 31 January 2023 and so the balance outstanding at the year end, 31 January 2023, was £73,527 (2022 - £19,810). During the year the company made advances to Miss S Fell, a director, totalling £14,279 (2022 - £190). No repayments were made by 31 January 2023 and so the balance outstanding at the year end, 31 January 2022, was £14,779 (2022- £500) Where applicable, interest is charged on overdrawn loan accounts at the rate of 2.25% per annum, loans are repayable on demand.