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REGISTERED NUMBER: 09567966 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

THREE SHIRES INN (LANGDALE) LIMITED

THREE SHIRES INN (LANGDALE) LIMITED (REGISTERED NUMBER: 09567966)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THREE SHIRES INN (LANGDALE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mr A J Guthrie
Mr J A Wilkinson





REGISTERED OFFICE: The Three Shires Inn
Little Langdale
Ambleside
Cumbria
LA22 9NZ





REGISTERED NUMBER: 09567966 (England and Wales)





ACCOUNTANTS: Stanton Ralph & Co Limited
Chartered Accountants
The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP

THREE SHIRES INN (LANGDALE) LIMITED (REGISTERED NUMBER: 09567966)

BALANCE SHEET
31ST MARCH 2023

31.3.22 31.3.23
£    £    Notes £    £   
FIXED ASSETS
259,357 Intangible assets 4 218,938
1,680,367 Tangible assets 5 1,607,225
1,939,724 1,826,163

CURRENT ASSETS
10,550 Stocks 10,800
22,373 Debtors 6 13,825
121,963 Cash at bank and in hand 57,775
154,886 82,400
CREDITORS
1,505,968 Amounts falling due within one year 7 1,748,717
(1,351,082 ) NET CURRENT LIABILITIES (1,666,317 )
588,642 TOTAL ASSETS LESS CURRENT LIABILITIES 159,846

CREDITORS

(505,896

)
Amounts falling due after more than one
year

8

(40,222

)

(30,415 ) PROVISIONS FOR LIABILITIES (27,768 )
52,331 NET ASSETS 91,856

CAPITAL AND RESERVES
100 Called up share capital 10 100
52,231 Retained earnings 91,756
52,331 SHAREHOLDERS' FUNDS 91,856

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

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

THREE SHIRES INN (LANGDALE) LIMITED (REGISTERED NUMBER: 09567966)

BALANCE SHEET - continued
31ST 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 27th September 2023 and were signed on its behalf by:




Mr J A Wilkinson - Director



Mr A J Guthrie - Director


THREE SHIRES INN (LANGDALE) LIMITED (REGISTERED NUMBER: 09567966)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Three Shires Inn (Langdale) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements

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 2018, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold buildings - 2% on cost
Plant and machinery etc - 10% on cost and 20% on cost.

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.

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 9 (2022 - 8 ) .

THREE SHIRES INN (LANGDALE) LIMITED (REGISTERED NUMBER: 09567966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 404,193
AMORTISATION
At 1st April 2022 144,836
Charge for year 40,419
At 31st March 2023 185,255
NET BOOK VALUE
At 31st March 2023 218,938
At 31st March 2022 259,357

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST
At 1st April 2022 1,907,495 1,606,774 300,721
Additions 10,915 - 10,915
At 31st March 2023 1,918,410 1,606,774 311,636
DEPRECIATION
At 1st April 2022 227,128 86,485 140,643
Charge for year 84,057 24,136 59,921
At 31st March 2023 311,185 110,621 200,564
NET BOOK VALUE
At 31st March 2023 1,607,225 1,496,153 111,072
At 31st March 2022 1,680,367 1,520,289 160,078

Included in cost of land and buildings is freehold land of £ 400,000 (2022 - £ 400,000 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 13,825 22,373

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 154,072 56,667
Trade creditors 21,062 31,937
Taxation and social security 57,052 22,916
Other creditors 1,516,531 1,394,448
1,748,717 1,505,968

THREE SHIRES INN (LANGDALE) LIMITED (REGISTERED NUMBER: 09567966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 40,222 505,896

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 279,229

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 194,294 562,563

Cumberland Building Society have charges over the freehold land and buildings owned by the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
50 A Ordinary 1 50 50
50 B Ordinary 1 50 50
100 100