IRIS Accounts Production v23.3.1.45 05403572 director 1.8.22 31.7.23 31.7.23 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054035722022-07-31054035722023-07-31054035722022-08-012023-07-31054035722021-07-31054035722021-08-012022-07-31054035722022-07-3105403572ns10:Originalns15:EnglandWales2022-08-012023-07-3105403572ns14:PoundSterlingns10:Original2022-08-012023-07-3105403572ns10:Originalns10:Director12022-08-012023-07-3105403572ns10:Original2022-08-012023-07-3105403572ns10:Original2023-07-3105403572ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3105403572ns10:Originalns10:SmallEntities2022-08-012023-07-3105403572ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3105403572ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3105403572ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3105403572ns10:Originalns10:FullAccounts2022-08-012023-07-3105403572ns10:CompanySecretary1ns10:Original2022-08-012023-07-3105403572ns10:Originalns10:RegisteredOffice2022-08-012023-07-3105403572ns10:Original2022-07-3105403572ns10:Originalns5:CurrentFinancialInstruments2023-07-3105403572ns10:Originalns5:CurrentFinancialInstruments2022-07-3105403572ns10:Originalns5:Non-currentFinancialInstruments2023-07-3105403572ns10:Originalns5:Non-currentFinancialInstruments2022-07-3105403572ns5:ShareCapitalns10:Original2023-07-3105403572ns5:ShareCapitalns10:Original2022-07-3105403572ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3105403572ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3105403572ns10:Original2021-08-012022-07-3105403572ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3105403572ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3105403572ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-07-3105403572ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-07-3105403572ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3105403572ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-07-3105403572ns10:Original1ns10:Director12022-07-3105403572ns10:Original1ns10:Director12021-07-3105403572ns10:Original1ns10:Director12022-08-012023-07-3105403572ns10:Original1ns10:Director12021-08-012022-07-3105403572ns10:Original1ns10:Director12023-07-3105403572ns10:Original1ns10:Director12022-07-31
REGISTERED NUMBER: 05403572 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

HARBOUR INN (PADSTOW) LIMITED

HARBOUR INN (PADSTOW) LIMITED (REGISTERED NUMBER: 05403572)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HARBOUR INN (PADSTOW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mrs S A Jones





SECRETARY: A Jones





REGISTERED OFFICE: Harbour Inn
Strand Street
Padstow
Cornwall
PL28 8BL





REGISTERED NUMBER: 05403572 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

HARBOUR INN (PADSTOW) LIMITED (REGISTERED NUMBER: 05403572)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £   
CURRENT ASSETS
Debtors 4 74,700 174,728
Cash at bank and in hand 722 2,606
75,422 177,334
CREDITORS
Amounts falling due within one year 5 28,374 25,442
NET CURRENT ASSETS 47,048 151,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,048

151,892

CREDITORS
Amounts falling due after more than one
year

6

19,229

27,229
NET ASSETS 27,819 124,663

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 27,719 124,563
SHAREHOLDERS' FUNDS 27,819 124,663

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 10 November 2023 and were signed by:




Mrs S A Jones - Director


HARBOUR INN (PADSTOW) LIMITED (REGISTERED NUMBER: 05403572)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Harbour Inn (Padstow) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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 NIL (2022 - 9 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 74,700 174,500
VAT - 228
74,700 174,728

HARBOUR INN (PADSTOW) LIMITED (REGISTERED NUMBER: 05403572)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 9,571 9,571
Trade creditors 1 -
Other creditors 265 240
Tax 11,852 11,252
Directors' current accounts 6,172 2,316
Accrued expenses 513 2,063
28,374 25,442

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 9,813 9,813
Bank loans - 2-5 years 9,416 17,416
19,229 27,229

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
Mrs S A Jones
Balance outstanding at start of year - 73,232
Amounts repaid - (73,232 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest was charged at 2.5% per annum on the overdrawn directors loan account.

8. RELATED PARTY DISCLOSURES

The company is controlled by Mr & Mrs Jones, by virtue of the fact that between them they own one hundred per cent of the company's issued ordinary share capital.

At the balance sheet date the company was owed £74,700 by Rising Sun (St Mawes) Ltd, a company wholly owned by the directors (2022: £174,500).