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REGISTERED NUMBER: 09997811 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

RED LION (STRETHAM) LTD

RED LION (STRETHAM) LTD (REGISTERED NUMBER: 09997811)

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


RED LION (STRETHAM) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mrs. H Atwal
Mr. K S Atwal





REGISTERED OFFICE: The Red Lion
47 High Street
Stretham
Ely
Cambridgeshire
CB6 3JQ





REGISTERED NUMBER: 09997811 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

RED LION (STRETHAM) LTD (REGISTERED NUMBER: 09997811)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 665,173 662,292
665,174 662,293

CURRENT ASSETS
Stocks 8,975 9,000
Debtors 6 4,608 7,777
Cash at bank and in hand 40,827 105,174
54,410 121,951
CREDITORS
Amounts falling due within one year 7 426,791 370,097
NET CURRENT LIABILITIES (372,381 ) (248,146 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,793

414,147

CREDITORS
Amounts falling due after more than one
year

8

(186,753

)

(281,863

)

PROVISIONS FOR LIABILITIES (4,184 ) (2,911 )
NET ASSETS 101,856 129,373

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 101,853 129,370
SHAREHOLDERS' FUNDS 101,856 129,373

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 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.

RED LION (STRETHAM) LTD (REGISTERED NUMBER: 09997811)

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 Board of Directors and authorised for issue on 29 January 2024 and were signed on its behalf by:





Mr. K S Atwal - Director


RED LION (STRETHAM) LTD (REGISTERED NUMBER: 09997811)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Red Lion (Stretham) Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance
Fixtures and fittings - 20% on reducing balance

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.

RED LION (STRETHAM) LTD (REGISTERED NUMBER: 09997811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 1
NET BOOK VALUE
At 28 February 2023 1
At 28 February 2022 1

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 March 2022 595,676 9,971 142,821 748,468
Additions 5,051 - 11,153 16,204
At 28 February 2023 600,727 9,971 153,974 764,672
DEPRECIATION
At 1 March 2022 - 3,763 82,413 86,176
Charge for year - 1,242 12,081 13,323
At 28 February 2023 - 5,005 94,494 99,499
NET BOOK VALUE
At 28 February 2023 600,727 4,966 59,480 665,173
At 28 February 2022 595,676 6,208 60,408 662,292

RED LION (STRETHAM) LTD (REGISTERED NUMBER: 09997811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Directors' current accounts - 3,169
Prepayments 4,608 4,608
4,608 7,777

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 315,165 325,285
Trade creditors 11,427 10,907
Tax 8,417 11,824
Social security and other taxes 1,081 3,247
Net wages control - 2,846
Pension Control - (46 )
VAT 5,959 4,049
Directors' current accounts 81,242 8,652
Accrued expenses 3,500 3,333
426,791 370,097

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Other loans - 2-5 years 37,303 46,842
Amounts owed to associates 149,450 235,021
186,753 281,863