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REGISTERED NUMBER: 06141038 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

The Real Inn Company Limited

The Real Inn Company Limited (Registered number: 06141038)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Real Inn Company Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Ms S J Burdge



REGISTERED OFFICE: The Nobody Inn
Doddiscombleigh
Exeter
Devon
EX6 7PS



REGISTERED NUMBER: 06141038 (England and Wales)



ACCOUNTANTS: Baines & Co
46 Rolle Street
Exmouth
Devon
EX8 2SQ



BANKERS: Barclays Bank plc
Exeter
Leicester
Leicestershire
LE87 2BB

The Real Inn Company Limited (Registered number: 06141038)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 776,443 799,793
Investments 5 1 1
776,444 799,794

CURRENT ASSETS
Stocks 6 47,334 19,600
Debtors 7 65,472 61,584
Cash at bank and in hand 2,203 2,824
115,009 84,008
CREDITORS
Amounts falling due within one year 8 261,764 177,899
NET CURRENT LIABILITIES (146,755 ) (93,891 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

629,689

705,903

CREDITORS
Amounts falling due after more than one
year

9

324,827

391,203
NET ASSETS 304,862 314,700

CAPITAL AND RESERVES
Called up share capital 11 357,446 357,446
Retained earnings 12 (52,584 ) (42,746 )
SHAREHOLDERS' FUNDS 304,862 314,700

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28 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 Real Inn Company Limited (Registered number: 06141038)

Balance Sheet - continued
28 February 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 director and authorised for issue on 16 November 2023 and were signed by:





Ms S J Burdge - Director


The Real Inn Company Limited (Registered number: 06141038)

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

1. STATUTORY INFORMATION

The Real Inn Company 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
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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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.

The Real Inn Company Limited (Registered number: 06141038)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 29 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2022 967,961 9,317 223,469 8,000 1,208,747
Additions - 234 1,530 - 1,764
At 28 February 2023 967,961 9,551 224,999 8,000 1,210,511
DEPRECIATION
At 1 March 2022 242,675 3,137 162,609 533 408,954
Charge for year 17,433 641 6,240 800 25,114
At 28 February 2023 260,108 3,778 168,849 1,333 434,068
NET BOOK VALUE
At 28 February 2023 707,853 5,773 56,150 6,667 776,443
At 28 February 2022 725,286 6,180 60,860 7,467 799,793

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 1
NET BOOK VALUE
At 28 February 2023 1
At 28 February 2022 1

6. STOCKS
28.2.23 28.2.22
£    £   
Stocks 47,334 19,600

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 250 300
Prepayments 65,222 61,284
65,472 61,584

The Real Inn Company Limited (Registered number: 06141038)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 75,833 37,788
Other loans 14,133 24,733
Trade creditors 19,613 18,673
Tax - 190
Social security and other taxes 24,888 11,400
VAT 62,577 25,790
Other creditors 29,119 38,005
Directors' current accounts 29,751 16,493
Accrued expenses 5,850 4,827
261,764 177,899

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 2-5 years 221,723 121,528
Bank loans more 5 yr by instal 103,104 269,675
324,827 391,203

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 103,104 269,675

10. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank overdrafts 19,655 7,406
Bank loans 381,005 421,585
400,660 428,991

The bank loan is guaranteed by a floating charge over company assets and additionally, a personal guarantee by the director, limited to £150,000.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
357,446 Ordinary £1 357,446 357,446

The Real Inn Company Limited (Registered number: 06141038)

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

12. RESERVES
Retained
earnings
£   

At 1 March 2022 (42,746 )
Deficit for the year (9,838 )
At 28 February 2023 (52,584 )

13. ULTIMATE CONTROLLING PARTY

The controlling party is Ms S J Burdge.

The ultimate controlling party is Ms S J Burdge.