Inn Control Limited 08090554 true 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is dormant. Digita Accounts Production Advanced 6.30.9574.0 true Mr John David Foster Mr Ian Phillip Wake true 08090554 2022-08-01 2023-07-31 08090554 2023-07-31 08090554 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-07-31 08090554 core:RetainedEarningsAccumulatedLosses 2023-07-31 08090554 core:ShareCapital 2023-07-31 08090554 core:CurrentFinancialInstruments 2023-07-31 08090554 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 08090554 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 08090554 bus:FRS102 2022-08-01 2023-07-31 08090554 bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 08090554 bus:FullAccounts 2022-08-01 2023-07-31 08090554 bus:RegisteredOffice 2022-08-01 2023-07-31 08090554 bus:Director1 2022-08-01 2023-07-31 08090554 bus:Director2 2022-08-01 2023-07-31 08090554 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-08-01 2023-07-31 08090554 bus:EntityNoLongerTradingButTradedInPast 2022-08-01 2023-07-31 08090554 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08090554 countries:EnglandWales 2022-08-01 2023-07-31 08090554 2021-08-01 2022-07-31 08090554 2022-07-31 08090554 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-07-31 08090554 core:RetainedEarningsAccumulatedLosses 2022-07-31 08090554 core:ShareCapital 2022-07-31 08090554 core:CurrentFinancialInstruments 2022-07-31 08090554 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 08090554 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08090554

Inn Control Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Inn Control Limited

Contents

Profit and Loss Account

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Inn Control Limited

Profit and Loss Account for the Year Ended 31 July 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Inn Control Limited

(Registration number: 08090554)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

6,908

-

Cash at bank and in hand

 

12,098

46,636

 

19,006

46,636

Creditors: Amounts falling due after more than one year

6

-

(27,630)

Net assets

 

19,006

19,006

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

18,906

18,906

Shareholders' funds

 

19,006

19,006

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 2 April 2024 and signed on its behalf by:
 

.........................................
Mr John David Foster
Director

   
     
 

Inn Control Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Cheyne Walk
Northampton
NN1 5PT

These financial statements were authorised for issue by the Board on 2 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Inn Control Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Judgements

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be appropriate.

Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Inn Control Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method; Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

6,908

-

   

6,908

-

 

Inn Control Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

5

Cash and cash equivalents

2023
£

2022
£

Cash at bank

12,098

46,636

6

Creditors

2023
£

2022
£

Due after one year

Other non-current financial liabilities

-

27,630

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary A of £1 each

100

100

100

100