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REGISTERED NUMBER: 04332092 (England and Wales)












Fingle Bridge Inn Limited

Unaudited Financial Statements

for the Year Ended 28th February 2023






Fingle Bridge Inn Limited (Registered number: 04332092)






Contents of the Financial Statements
for the Year Ended 28th February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Fingle Bridge Inn Limited

Company Information
for the Year Ended 28th February 2023







DIRECTOR: Mrs J M Colton



REGISTERED OFFICE: Fingle Bridge
Drewsteignton
Exeter
Devon
EX6 6PW



REGISTERED NUMBER: 04332092 (England and Wales)



ACCOUNTANTS: ATC Advisors
Chartered Accountants
Unit 2 Dunheved Court
Pennygillam Way
LAUNCESTON
Cornwall
PL15 7ED



SOLICITORS: Michelmores
18 Cathedral Yard
Exeter

Fingle Bridge Inn Limited (Registered number: 04332092)

Statement of Financial Position
28th February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 61,656 62,728
61,656 62,728

CURRENT ASSETS
Stocks 8,500 7,500
Debtors 6 - 3,636
Cash at bank and in hand 315,593 264,186
324,093 275,322
CREDITORS
Amounts falling due within one year 7 90,549 80,699
NET CURRENT ASSETS 233,544 194,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,200

257,351

PROVISIONS FOR LIABILITIES 6,884 6,157
NET ASSETS 288,316 251,194

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 287,816 250,694
SHAREHOLDERS' FUNDS 288,316 251,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 6th November 2023 and were signed by:





Mrs J M Colton - Director


Fingle Bridge Inn Limited (Registered number: 04332092)

Notes to the Financial Statements
for the Year Ended 28th February 2023

1. STATUTORY INFORMATION

Fingle Bridge Inn 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 28th February 2023 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of transition to FRS 102 Section 1A is 1st March 2021.

Turnover
Turnover represents sales of goods, excluding value added tax.

Goodwill
Purchased goodwill was acquired in 2002, this has now been fully amortised over 20 years.

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


Leasehold Land and and Buildings -
Over 30 years on straight line basis, or the remainder
of the life of the lease

Plant & Machinery Etc -25% on a 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Fingle Bridge Inn Limited (Registered number: 04332092)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2022
and 28th February 2023 128,548
AMORTISATION
At 1st March 2022
and 28th February 2023 128,548
NET BOOK VALUE
At 28th February 2023 -
At 28th February 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
Property machinery fittings Totals
£    £    £    £   
COST
At 1st March 2022 53,079 73,498 73,277 199,854
Additions - 8,600 - 8,600
At 28th February 2023 53,079 82,098 73,277 208,454
DEPRECIATION
At 1st March 2022 15,747 55,505 65,874 137,126
Charge for year 3,212 5,305 1,155 9,672
At 28th February 2023 18,959 60,810 67,029 146,798
NET BOOK VALUE
At 28th February 2023 34,120 21,288 6,248 61,656
At 28th February 2022 37,332 17,993 7,403 62,728

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 3,636

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 20,783 16,207
Amounts owed to group undertakings 23 15
Taxation and social security 39,721 52,172
Other creditors 30,022 12,305
90,549 80,699

8. OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies is £405,000.

Fingle Bridge Inn Limited (Registered number: 04332092)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

9. RELATED PARTY DISCLOSURES

The Director, Mrs J.M Colton is both a director and shareholder in Finglebridge Holdings Limited.
In the year a management charge was paid to Finglebridge Holdings Ltd amounting to £793, (2022 - £723).

At the year end £23 was owed from Fingle Bridge Inn Limited to Finglebridge Holdings Limited. This amount is included within creditors.

10. ULTIMATE CONTROLLING PARTY

The Director, Mrs J.M Colton is also the Director and majority Shareholder of Finglebridge Holdings Limited, which owns 100% of the share capital in Finglebridge Inn Limited.