IRIS Accounts Production v24.1.9.2 04954565 Board of Directors Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false 96286 59690 52441 49868 24729 86464 68574 96286 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049545652023-02-28049545652024-02-29049545652023-03-012024-02-29049545652022-02-28049545652022-03-012023-02-28049545652023-02-2804954565ns15:EnglandWales2023-03-012024-02-2904954565ns14:PoundSterling2023-03-012024-02-2904954565ns10:Director12023-03-012024-02-2904954565ns10:Director22023-03-012024-02-2904954565ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2904954565ns10:SmallEntities2023-03-012024-02-2904954565ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2904954565ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2904954565ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2904954565ns10:FullAccounts2023-03-012024-02-290495456541ns10:Director12023-02-280495456541ns10:Director12022-02-280495456541ns10:Director12023-03-012024-02-290495456541ns10:Director12022-03-012023-02-280495456541ns10:Director12024-02-290495456541ns10:Director12023-02-2804954565ns10:CompanySecretary12023-03-012024-02-2904954565ns10:RegisteredOffice2023-03-012024-02-2904954565ns5:CurrentFinancialInstruments2024-02-2904954565ns5:CurrentFinancialInstruments2023-02-2804954565ns5:Non-currentFinancialInstruments2024-02-2904954565ns5:Non-currentFinancialInstruments2023-02-2804954565ns5:ShareCapital2024-02-2904954565ns5:ShareCapital2023-02-2804954565ns5:RetainedEarningsAccumulatedLosses2024-02-2904954565ns5:RetainedEarningsAccumulatedLosses2023-02-2804954565ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-03-012024-02-2904954565ns5:FurnitureFittings2023-03-012024-02-2904954565ns5:ComputerEquipment2023-03-012024-02-2904954565ns5:LandBuildings2023-02-2804954565ns5:FurnitureFittings2023-02-2804954565ns5:ComputerEquipment2023-02-2804954565ns5:LandBuildings2023-03-012024-02-2904954565ns5:LandBuildings2024-02-2904954565ns5:FurnitureFittings2024-02-2904954565ns5:ComputerEquipment2024-02-2904954565ns5:LandBuildings2023-02-2804954565ns5:FurnitureFittings2023-02-2804954565ns5:ComputerEquipment2023-02-2804954565ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2904954565ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2804954565ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-02-2904954565ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-02-2804954565ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2904954565ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2804954565ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-02-2904954565ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-02-2804954565ns5:DeferredTaxation2023-02-2804954565ns5:DeferredTaxation2023-03-012024-02-2904954565ns5:DeferredTaxation2024-02-2904954565ns10:Director222023-02-2804954565ns10:Director222022-02-2804954565ns10:Director222023-03-012024-02-2904954565ns10:Director222022-03-012023-02-2804954565ns10:Director222024-02-2904954565ns10:Director222023-02-28
REGISTERED NUMBER: 04954565 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

THE OAK INN STAPLOW LTD

THE OAK INN STAPLOW LTD (REGISTERED NUMBER: 04954565)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 February 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3

Chartered accountants' report 6

THE OAK INN STAPLOW LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 February 2024







DIRECTORS: Mr H J Haylett
Ms J A Woollard





SECRETARY: Mr H J Haylett





REGISTERED OFFICE: The Oak Inn
Staplow
Ledbury
Herefordshire
HR8 1NP





REGISTERED NUMBER: 04954565 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

THE OAK INN STAPLOW LTD (REGISTERED NUMBER: 04954565)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 426,290 441,056

CURRENT ASSETS
Stocks 5 13,220 10,055
Debtors 6 6,375 8,838
Cash at bank 43,433 24,105
63,028 42,998
CREDITORS
Amounts falling due within one year 7 84,813 70,660
NET CURRENT LIABILITIES (21,785 ) (27,662 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,505

413,394

CREDITORS
Amounts falling due after more than one year 8 (189,772 ) (237,067 )

PROVISIONS FOR LIABILITIES 9 (4,838 ) (5,634 )
NET ASSETS 209,895 170,693

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 209,795 170,593
209,895 170,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 5 July 2024 and were signed on its behalf by:



Ms J A Woollard - Director



Mr H J Haylett - Director


THE OAK INN STAPLOW LTD (REGISTERED NUMBER: 04954565)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 February 2024

1. STATUTORY INFORMATION

The Oak Inn Staplow 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

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 33 (2023 - 27 ) .

THE OAK INN STAPLOW LTD (REGISTERED NUMBER: 04954565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 579,137 126,475 5,913 711,525
Additions - - 457 457
At 29 February 2024 579,137 126,475 6,370 711,982
DEPRECIATION
At 1 March 2023 160,617 104,008 5,844 270,469
Charge for year 11,582 3,370 271 15,223
At 29 February 2024 172,199 107,378 6,115 285,692
NET BOOK VALUE
At 29 February 2024 406,938 19,097 255 426,290
At 28 February 2023 418,520 22,467 69 441,056

5. STOCKS
2024 2023
£    £   
Stocks 13,220 10,055

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,873 6,864
Prepayments 2,502 1,974
6,375 8,838

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,000 20,000
Trade creditors 3,538 12,099
Tax 15,227 2,247
Social security and other taxes 4,455 -
Pension payable 1,314 352
VAT 38,503 33,594
Other creditors 724 -
Accrued expenses 1,052 2,368
84,813 70,660

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 20,000 20,000
Bank loans - 2-5 years 32,531 43,333
Bank loans more 5 yr by instal 68,666 77,448
Directors' loan accounts 68,575 96,286
189,772 237,067

THE OAK INN STAPLOW LTD (REGISTERED NUMBER: 04954565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 68,666 77,448

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,838 5,634

Deferred
tax
£   
Balance at 1 March 2023 5,634
Provided during year (796 )
Balance at 29 February 2024 4,838

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr H J Haylett and Ms J A Woollard
Balance outstanding at start of year (96,286 ) (59,690 )
Amounts advanced 52,441 49,868
Amounts repaid (24,729 ) (86,464 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (68,574 ) (96,286 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Haylett and Ms Woollard.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE OAK INN STAPLOW LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Oak Inn Staplow Ltd for the year ended 29 February 2024 which comprise the Income statement, Balance sheet, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Oak Inn Staplow Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Oak Inn Staplow Ltd and state those matters that we have agreed to state to the Board of Directors of The Oak Inn Staplow Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Oak Inn Staplow Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Oak Inn Staplow Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Oak Inn Staplow Ltd. You consider that The Oak Inn Staplow Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Oak Inn Staplow Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


5 July 2024