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REGISTERED NUMBER: 08904456 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Magpies Inn Limited

Magpies Inn Limited (Registered number: 08904456)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Magpies Inn Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Stephen Lever
S Lever





REGISTERED OFFICE: 7 Merlin Centre
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP





REGISTERED NUMBER: 08904456 (England and Wales)





ACCOUNTANTS: Danton Partners
7 Merlin Courtyard
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP

Magpies Inn Limited (Registered number: 08904456)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 731,499 733,144

CURRENT ASSETS
Stocks 2,428 1,470
Debtors 5 5,474 -
Cash at bank and in hand 50,000 75,735
57,902 77,205
CREDITORS
Amounts falling due within one year 6 430,536 407,582
NET CURRENT LIABILITIES (372,634 ) (330,377 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

358,865

402,767

CREDITORS
Amounts falling due after more than one
year

7

239,091

281,989
NET ASSETS 119,774 120,778

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 119,674 120,678
SHAREHOLDERS' FUNDS 119,774 120,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Magpies Inn Limited (Registered number: 08904456)

Balance Sheet - continued
30 June 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 26 October 2023 and were signed on its behalf by:





Stephen Lever - Director


Magpies Inn Limited (Registered number: 08904456)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Magpies 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.

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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% 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 14 (2022 - 12 ) .

Magpies Inn Limited (Registered number: 08904456)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2022
and 30 June 2023 728,800 8,228 85,460 2,341 824,829
DEPRECIATION
At 1 July 2022 - 3,884 85,460 2,341 91,685
Charge for year - 1,645 - - 1,645
At 30 June 2023 - 5,529 85,460 2,341 93,330
NET BOOK VALUE
At 30 June 2023 728,800 2,699 - - 731,499
At 30 June 2022 728,800 4,344 - - 733,144

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 119 -
Prepayments and accrued income 5,355 -
5,474 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 49,555 49,555
Trade creditors 7,098 8,659
Tax - 6,642
Social security and other taxes 3,190 -
VAT 5,538 6,242
Other creditors 201 -
Directors' current accounts 352,194 336,484
Accrued expenses 12,760 -
430,536 407,582

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans - 2-5 years 181,818 184,765
Bank loans more 5 yr by instal 57,273 97,224
239,091 281,989

Magpies Inn Limited (Registered number: 08904456)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.23 30.6.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 57,273 97,224

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Included in the directors' current account is the sum of £352,194 (2022 : £336,484) due to the director S Lever. This is an interest bearing loan and repayable on demand. Interest of £15,950 (2022: £Nil) has been charged on the loan.

10. ULTIMATE CONTROLLING PARTY

S Lever is the ultimate controlling party by virtue of his shareholding in the company.

11. CHARGES

Lloyds Bank PLC holds fixed and floating charges against land and buildings of Magpies Inn Limited.

Magpies Inn Limited

Report of the Accountants to the Directors of
Magpies Inn Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Danton Partners
7 Merlin Courtyard
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP


26 October 2023