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REGISTERED NUMBER: 14299449 (England and Wales)















THE NEW INN CROPTON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 16TH AUGUST 2022 TO 31ST AUGUST 2023






THE NEW INN CROPTON LIMITED (REGISTERED NUMBER: 14299449)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 16TH AUGUST 2022 TO 31ST AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE NEW INN CROPTON LIMITED

COMPANY INFORMATION
FOR THE PERIOD 16TH AUGUST 2022 TO 31ST AUGUST 2023







DIRECTORS: Miss G L Lee-Forrester
Miss H L Robinson



REGISTERED OFFICE: W H Prior
Railway Court
Doncaster
South Yorkshire
DN4 5FB



REGISTERED NUMBER: 14299449 (England and Wales)



ACCOUNTANTS: W H Prior
Chartered Certified Accountants
Railway Court
Off Ten Pound Walk
Doncaster
South Yorkshire
DN4 5FB



BANKERS: The Co-operative Bank
Central Commercial Branch
PO Box 250
Skelmerdale
WN8 6WT

THE NEW INN CROPTON LIMITED (REGISTERED NUMBER: 14299449)

BALANCE SHEET
31ST AUGUST 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 14,880

CURRENT ASSETS
Stocks 3,000
Debtors 5 1,178,552
Cash at bank and in hand 39,040
1,220,592
CREDITORS
Amounts falling due within one year 6 1,187,041
NET CURRENT ASSETS 33,551
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,431

PROVISIONS FOR LIABILITIES 3,855
NET ASSETS 44,576

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 44,476
SHAREHOLDERS' FUNDS 44,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st August 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th March 2024 and were signed on its behalf by:





Miss H L Robinson - Director


THE NEW INN CROPTON LIMITED (REGISTERED NUMBER: 14299449)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 16TH AUGUST 2022 TO 31ST AUGUST 2023


1. STATUTORY INFORMATION

The New Inn Cropton 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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods - Turnover from the sale of goods is recognised at the point of sale.

Rendering of services - Turnover from the provision of services is recognised on completion of the service and, for engagements spanning the balance sheet date, it is recognised by reference to the stage of completion at the balance sheet date.

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 etc - 15% 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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 .

THE NEW INN CROPTON LIMITED (REGISTERED NUMBER: 14299449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 16TH AUGUST 2022 TO 31ST AUGUST 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 17,506
At 31st August 2023 17,506
DEPRECIATION
Charge for period 2,626
At 31st August 2023 2,626
NET BOOK VALUE
At 31st August 2023 14,880

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 14,035
Other debtors 1,164,517
1,178,552

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 996,328
Trade creditors 88,850
Taxation and social security 72,472
Other creditors 29,391
1,187,041

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 456

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Reward Finance Group Limited 996,328

The Reward Finance Group Limited loan is secured by means of a fixed and floating charge over the assets and undertaking of the company.

THE NEW INN CROPTON LIMITED (REGISTERED NUMBER: 14299449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 16TH AUGUST 2022 TO 31ST AUGUST 2023


9. ADVANCES TO PARTICIPATORS

The following advances and credits to a director subsisted during the period ended 31st August 2023:

£   
P C Lee
Balance outstanding at start of period -
Amounts advanced 199,461
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 199,461

10. RELATED PARTY DISCLOSURES

During the accounting period the company has entered into trading transactions with Horsetown Beers Limited a company in which Philip Craig Lee, sole shareholder of The New Inn Cropton Limited, became sole shareholder in March 2023.These transactions were undertaken under normal commercial terms. Horsetown Beers Limited were also advanced loans by The New Inn Cropton Limited, and as at the 31st August 2023 owed The New Inn Cropton Limited £244,042; this loan in currently unsecured.

During the accounting period the company has also undertaken trading transactions with The Great Yorkshire Pub Company Limited, a company also under sole control of Philip Craig Lee.These transactions have been undertaken under normal commercial terms.The company has also advanced a loan to The Great Yorkshire Pub Company Limited, which is currently interest free and unsecured, and at the balance sheet date this loan was in the amount of £720,243. This loan has been guaranteed by Philip Craig Lee.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Philip Craig Lee.

The ultimate controlling party is Philip Craig Lee who beneficially holds 100% of the issued share capital of The New Inn Cropton Limited.