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REGISTERED NUMBER: 05125129 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th June 2023

for

Butterley Inns Limited

Butterley Inns Limited (Registered number: 05125129)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Butterley Inns Limited

Company Information
for the Year Ended 30th June 2023







DIRECTORS: D Greer
Mrs J D Greer





SECRETARY: D Greer





REGISTERED OFFICE: 25 Butterley Row
Ripley
Derbyshire
DE5 3QZ





REGISTERED NUMBER: 05125129 (England and Wales)

Butterley Inns Limited (Registered number: 05125129)

Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 355,259 472,489

CURRENT ASSETS
Stocks - 3,730
Debtors 5 131,069 324
Cash at bank and in hand 1,398 8,830
132,467 12,884
CREDITORS
Amounts falling due within one year 6 89,161 148,046
NET CURRENT ASSETS/(LIABILITIES) 43,306 (135,162 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

398,565

337,327

CREDITORS
Amounts falling due after more than one
year

7

(346,390

)

(234,554

)

PROVISIONS FOR LIABILITIES 8 - (473 )
NET ASSETS 52,175 102,300

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 51,975 102,100
SHAREHOLDERS' FUNDS 52,175 102,300

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

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

Butterley Inns Limited (Registered number: 05125129)

Balance Sheet - continued
30th 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 29th January 2024 and were signed on its behalf by:





Mrs J D Greer - Director


Butterley Inns Limited (Registered number: 05125129)

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

1. STATUTORY INFORMATION

Butterley Inns 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.
Freehold property - not provided
Fixtures and fittings - 15% on reducing balance
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 5 ) .

Butterley Inns Limited (Registered number: 05125129)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st July 2022 470,000 8,489 268 478,757
Additions 110,259 - - 110,259
Disposals (225,000 ) (8,489 ) (268 ) (233,757 )
At 30th June 2023 355,259 - - 355,259
DEPRECIATION
At 1st July 2022 - 6,000 268 6,268
Eliminated on disposal - (6,000 ) (268 ) (6,268 )
At 30th June 2023 - - - -
NET BOOK VALUE
At 30th June 2023 355,259 - - 355,259
At 30th June 2022 470,000 2,489 - 472,489

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 6,069 324

Amounts falling due after more than one year:
Loan - Nags Head (Ripley) Ltd 125,000 -

Aggregate amounts 131,069 324

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,398
Taxation and social security 2,555 11,562
Other creditors 86,606 135,086
89,161 148,046

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 346,390 234,554

Butterley Inns Limited (Registered number: 05125129)

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

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 473

Deferred
tax
£   
Balance at 1st July 2022 473
Utilised during year (473 )
Balance at 30th June 2023 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100
100 Ordinary B Shares £1 100 100
200 200