2022-04-012023-03-312023-03-31false04585107The Red Lion Inn (Babcary) Ltd2023-11-2156302iso4217:GBPxbrli:pure045851072022-04-01045851072023-03-31045851072022-04-012023-03-31045851072021-04-01045851072022-03-31045851072021-04-012022-03-3104585107bus:SmallEntities2022-04-012023-03-3104585107bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3104585107bus:FullAccounts2022-04-012023-03-3104585107bus:PrivateLimitedCompanyLtd2022-04-012023-03-3104585107core:WithinOneYear2023-03-3104585107core:AfterOneYear2023-03-3104585107core:WithinOneYear2022-03-3104585107core:AfterOneYear2022-03-3104585107core:ShareCapital2023-03-3104585107core:SharePremium2023-03-3104585107core:RevaluationReserve2023-03-3104585107core:OtherReservesSubtotal2023-03-3104585107core:RetainedEarningsAccumulatedLosses2023-03-3104585107core:ShareCapital2022-03-3104585107core:SharePremium2022-03-3104585107core:RevaluationReserve2022-03-3104585107core:OtherReservesSubtotal2022-03-3104585107core:RetainedEarningsAccumulatedLosses2022-03-3104585107core:LandBuildings2023-03-3104585107core:PlantMachinery2023-03-3104585107core:Vehicles2023-03-3104585107core:FurnitureFittings2023-03-3104585107core:OfficeEquipment2023-03-3104585107core:NetGoodwill2023-03-3104585107core:IntangibleAssetsOtherThanGoodwill2023-03-3104585107core:ListedExchangeTraded2023-03-3104585107core:UnlistedNon-exchangeTraded2023-03-3104585107core:LandBuildings2022-03-3104585107core:PlantMachinery2022-03-3104585107core:Vehicles2022-03-3104585107core:FurnitureFittings2022-03-3104585107core:OfficeEquipment2022-03-3104585107core:NetGoodwill2022-03-3104585107core:IntangibleAssetsOtherThanGoodwill2022-03-3104585107core:ListedExchangeTraded2022-03-3104585107core:UnlistedNon-exchangeTraded2022-03-3104585107core:LandBuildings2022-04-012023-03-3104585107core:PlantMachinery2022-04-012023-03-3104585107core:Vehicles2022-04-012023-03-3104585107core:FurnitureFittings2022-04-012023-03-3104585107core:OfficeEquipment2022-04-012023-03-3104585107core:NetGoodwill2022-04-012023-03-3104585107core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104585107core:ListedExchangeTraded2022-04-012023-03-3104585107core:UnlistedNon-exchangeTraded2022-04-012023-03-3104585107core:MoreThanFiveYears2022-04-012023-03-3104585107core:Non-currentFinancialInstruments2023-03-3104585107core:Non-currentFinancialInstruments2022-03-3104585107dpl:CostSales2022-04-012023-03-3104585107dpl:DistributionCosts2022-04-012023-03-3104585107core:LandBuildings2022-04-012023-03-3104585107core:PlantMachinery2022-04-012023-03-3104585107core:Vehicles2022-04-012023-03-3104585107core:FurnitureFittings2022-04-012023-03-3104585107core:OfficeEquipment2022-04-012023-03-3104585107dpl:AdministrativeExpenses2022-04-012023-03-3104585107core:NetGoodwill2022-04-012023-03-3104585107core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104585107dpl:GroupUndertakings2022-04-012023-03-3104585107dpl:ParticipatingInterests2022-04-012023-03-3104585107dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3104585107core:ListedExchangeTraded2022-04-012023-03-3104585107dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3104585107core:UnlistedNon-exchangeTraded2022-04-012023-03-3104585107dpl:CostSales2021-04-012022-03-3104585107dpl:DistributionCosts2021-04-012022-03-3104585107core:LandBuildings2021-04-012022-03-3104585107core:PlantMachinery2021-04-012022-03-3104585107core:Vehicles2021-04-012022-03-3104585107core:FurnitureFittings2021-04-012022-03-3104585107core:OfficeEquipment2021-04-012022-03-3104585107dpl:AdministrativeExpenses2021-04-012022-03-3104585107core:NetGoodwill2021-04-012022-03-3104585107core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3104585107dpl:GroupUndertakings2021-04-012022-03-3104585107dpl:ParticipatingInterests2021-04-012022-03-3104585107dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3104585107core:ListedExchangeTraded2021-04-012022-03-3104585107dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3104585107core:UnlistedNon-exchangeTraded2021-04-012022-03-3104585107core:NetGoodwill2023-03-3104585107core:IntangibleAssetsOtherThanGoodwill2023-03-3104585107core:LandBuildings2023-03-3104585107core:PlantMachinery2023-03-3104585107core:Vehicles2023-03-3104585107core:FurnitureFittings2023-03-3104585107core:OfficeEquipment2023-03-3104585107core:AfterOneYear2023-03-3104585107core:WithinOneYear2023-03-3104585107core:ListedExchangeTraded2023-03-3104585107core:UnlistedNon-exchangeTraded2023-03-3104585107core:ShareCapital2023-03-3104585107core:SharePremium2023-03-3104585107core:RevaluationReserve2023-03-3104585107core:OtherReservesSubtotal2023-03-3104585107core:RetainedEarningsAccumulatedLosses2023-03-3104585107core:NetGoodwill2022-03-3104585107core:IntangibleAssetsOtherThanGoodwill2022-03-3104585107core:LandBuildings2022-03-3104585107core:PlantMachinery2022-03-3104585107core:Vehicles2022-03-3104585107core:FurnitureFittings2022-03-3104585107core:OfficeEquipment2022-03-3104585107core:AfterOneYear2022-03-3104585107core:WithinOneYear2022-03-3104585107core:ListedExc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The Red Lion Inn (Babcary) Ltd

Registered Number
04585107
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

The Red Lion Inn (Babcary) Ltd
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

Garrard, Charles Rochfort
Garrard, Clare Nicola

Registered Address

The Red Lion Inn
Babcary
Somerset
TA11 7ED

Registered Number

04585107 (England and Wales)
The Red Lion Inn (Babcary) Ltd
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5495,036510,803
495,036510,803
Current assets
Stocks11,1508,458
Debtors10,5761,069
Cash at bank and on hand104,792146,319
126,518155,846
Creditors amounts falling due within one year7(111,440)(156,495)
Net current assets (liabilities)15,078(649)
Total assets less current liabilities510,114510,154
Creditors amounts falling due after one year(236,806)(272,174)
Provisions for liabilities(4,341)(6,010)
Net assets268,967231,970
Capital and reserves
Called up share capital100100
Profit and loss account268,867231,870
Shareholders' funds268,967231,970
The financial statements were approved and authorised for issue by the Board of Directors on 21 November 2023, and are signed on its behalf by:
Garrard, Charles Rochfort
Director
Registered Company No. 04585107
The Red Lion Inn (Babcary) Ltd
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-50
Plant and machinery15-
Fixtures and fittings15-
Office Equipment15-
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Government grants and other government assistance policy
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
4.Employee information

20232022
Average number of employees during the year2726
5.Property, plant and equipment

Land & buildings

Office Equipment

Total

£££
Cost or valuation
At 01 April 22664,714186,359851,073
Additions-6,0816,081
At 31 March 23664,714192,440857,154
Depreciation and impairment
At 01 April 22185,540154,730340,270
Charge for year13,2948,55421,848
At 31 March 23198,834163,284362,118
Net book value
At 31 March 23465,88029,156495,036
At 31 March 22479,17431,629510,803
6.Debtors within one year

2023

2022

££
Amounts owed by associates and joint ventures / participating interests9,858-
Prepayments and accrued income7181,069
Total10,5761,069
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables32,93438,813
Bank borrowings and overdrafts28,77922,190
Amounts owed to related parties-15,846
Taxation and social security45,94674,752
Other creditors3,3414,303
Accrued liabilities and deferred income440591
Total111,440156,495
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.