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Company No: 08253086 (England and Wales)

DINING INNS LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

DINING INNS LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

DINING INNS LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2023
DINING INNS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2023
DIRECTORS Mr C Rawlinson
Mr M Rawlinson
SECRETARY Mr C Rawlinson
REGISTERED OFFICE Carlyle House
78 Chorley New Road
Bolton
BL1 4BY
England
United Kingdom
COMPANY NUMBER 08253086 (England and Wales)
CHARTERED ACCOUNTANTS Barlow Andrews LLP
Carlyle House
78 Chorley New Road
Bolton
DINING INNS LIMITED

BALANCE SHEET

As at 31 October 2023
DINING INNS LIMITED

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 232,444 256,597
232,444 256,597
Current assets
Stocks 11,500 9,500
Debtors
- due within one year 5 48,620 99,509
- due after more than one year 5 10,000 0
Cash at bank and in hand 26,294 34,205
96,414 143,214
Creditors: amounts falling due within one year 6 ( 246,225) ( 286,154)
Net current liabilities (149,811) (142,940)
Total assets less current liabilities 82,633 113,657
Creditors: amounts falling due after more than one year 7 ( 71,121) ( 108,357)
Net assets 11,512 5,300
Capital and reserves
Called-up share capital 2 2
Profit and loss account 11,510 5,298
Total shareholders' funds 11,512 5,300

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Dining Inns Limited (registered number: 08253086) were approved and authorised for issue by the Board of Directors on 12 July 2024. They were signed on its behalf by:

Mr C Rawlinson
Director
DINING INNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
DINING INNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dining Inns Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Carlyle House, 78 Chorley New Road, Bolton, BL1 4BY, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements not depreciated
Fixtures and fittings 20 % reducing balance
Computer equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 31 26

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 November 2022 20,000 20,000
At 31 October 2023 20,000 20,000
Accumulated amortisation
At 01 November 2022 20,000 20,000
At 31 October 2023 20,000 20,000
Net book value
At 31 October 2023 0 0
At 31 October 2022 0 0

4. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 November 2022 94,696 353,932 13,889 462,517
Additions 0 194 0 194
At 31 October 2023 94,696 354,126 13,889 462,711
Accumulated depreciation
At 01 November 2022 0 197,493 8,427 205,920
Charge for the financial year 0 23,478 869 24,347
At 31 October 2023 0 220,971 9,296 230,267
Net book value
At 31 October 2023 94,696 133,155 4,593 232,444
At 31 October 2022 94,696 156,439 5,462 256,597

5. Debtors

2023 2022
£ £
Debtors: amounts falling due within one year
Corporation tax 8,606 8,606
Other debtors 40,014 90,903
48,620 99,509
Debtors: amounts falling due after more than one year
Other debtors 10,000 0

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 5,759 5,617
Trade creditors 72,130 66,380
Amounts owed to fellow subsidiaries 0 127,956
Taxation and social security 64,427 36,410
Obligations under finance leases and hire purchase contracts 2,843 45,841
Other creditors 101,066 3,950
246,225 286,154

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 30,753 36,512
Obligations under finance leases and hire purchase contracts 0 2,431
Other creditors 40,368 69,414
71,121 108,357

There are no amounts included above in respect of which any security has been given by the small entity.

8. Related party transactions

Other related party transactions

Included within creditors is a loan of £nil (2022 - £127,956) due to Dining Inns (Barton) Limited, a company under common control of the directors. The loan is interest free and repayable on demand. The remainder of the loan was written off on 1st November 2022.