IRIS Accounts Production v24.1.4.33 04680237 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046802372023-03-31046802372024-03-31046802372023-04-012024-03-31046802372022-03-31046802372022-04-012023-03-31046802372023-03-3104680237ns15:EnglandWales2023-04-012024-03-3104680237ns14:PoundSterling2023-04-012024-03-3104680237ns10:Director12023-04-012024-03-3104680237ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104680237ns10:SmallEntities2023-04-012024-03-3104680237ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104680237ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104680237ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104680237ns10:FullAccounts2023-04-012024-03-310468023712023-04-012024-03-3104680237ns10:Director22023-04-012024-03-3104680237ns10:Director32023-04-012024-03-3104680237ns10:RegisteredOffice2023-04-012024-03-3104680237ns5:CurrentFinancialInstruments2024-03-3104680237ns5:CurrentFinancialInstruments2023-03-3104680237ns5:ShareCapital2024-03-3104680237ns5:ShareCapital2023-03-3104680237ns5:RetainedEarningsAccumulatedLosses2024-03-3104680237ns5:RetainedEarningsAccumulatedLosses2023-03-3104680237ns5:NetGoodwill2023-04-012024-03-3104680237ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104680237ns5:FurnitureFittings2023-04-012024-03-3104680237ns5:MotorVehicles2023-04-012024-03-3104680237ns5:ComputerEquipment2023-04-012024-03-3104680237ns5:NetGoodwill2023-03-3104680237ns5:NetGoodwill2024-03-3104680237ns5:NetGoodwill2023-03-3104680237ns5:FurnitureFittings2023-03-3104680237ns5:MotorVehicles2023-03-3104680237ns5:ComputerEquipment2023-03-3104680237ns5:FurnitureFittings2024-03-3104680237ns5:MotorVehicles2024-03-3104680237ns5:ComputerEquipment2024-03-3104680237ns5:FurnitureFittings2023-03-3104680237ns5:MotorVehicles2023-03-3104680237ns5:ComputerEquipment2023-03-31
REGISTERED NUMBER: 04680237 (England and Wales)















CLARK INNS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CLARK INNS LIMITED (REGISTERED NUMBER: 04680237)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLARK INNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr K Clark
Miss S A Clark
Mr J K Clark





REGISTERED OFFICE: 424 Margate Road
Ramsgate
Kent
CT12 6SR





REGISTERED NUMBER: 04680237 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

CLARK INNS LIMITED (REGISTERED NUMBER: 04680237)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,984 15,564
5,984 15,564

CURRENT ASSETS
Stocks 15,000 16,595
Debtors 6 5,283 5,087
Cash at bank and in hand 180,577 155,400
200,860 177,082
CREDITORS
Amounts falling due within one year 7 (31,814 ) (36,668 )
NET CURRENT ASSETS 169,046 140,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,030

155,978

PROVISIONS FOR LIABILITIES (1,111 ) (2,822 )
NET ASSETS 173,919 153,156

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 173,915 153,152
SHAREHOLDERS' FUNDS 173,919 153,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

CLARK INNS LIMITED (REGISTERED NUMBER: 04680237)

BALANCE SHEET - continued
31 MARCH 2024


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 22 July 2024 and were signed on its behalf by:





Mr K Clark - Director


CLARK INNS LIMITED (REGISTERED NUMBER: 04680237)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Clark 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten 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.
Fixture & Fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

CLARK INNS LIMITED (REGISTERED NUMBER: 04680237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

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 10 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 25,000
AMORTISATION
At 1 April 2023
and 31 March 2024 25,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixture & Motor Computer
Fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 62,855 67,719 5,242 135,816
Disposals - (49,823 ) - (49,823 )
At 31 March 2024 62,855 17,896 5,242 85,993
DEPRECIATION
At 1 April 2023 57,177 59,330 3,745 120,252
Charge for year 894 25 374 1,293
Eliminated on disposal - (41,536 ) - (41,536 )
At 31 March 2024 58,071 17,819 4,119 80,009
NET BOOK VALUE
At 31 March 2024 4,784 77 1,123 5,984
At 31 March 2023 5,678 8,389 1,497 15,564

CLARK INNS LIMITED (REGISTERED NUMBER: 04680237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 5,283 5,087

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,427 4,474
Corporation Tax 7,224 (61 )
Social security and other taxes 14,012 14,578
Directors' current accounts 1,151 14,677
Accrued expenses 3,000 3,000
31,814 36,668

8. RELATED PARTY DISCLOSURES

The company is controlled by the directors,who own 100% of the issued share capital of the company.

The company acquired the goodwill and assets from the partnership trading as The Odds, Camden Arms, and Deal Cutter on 1st April 2003.