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REGISTERED NUMBER: 03673465 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

Calf's Head Limited

Calf's Head Limited (Registered number: 03673465)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Calf's Head Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs P A Medley
Mr C C Medley
Miss V J L Burrill





SECRETARY: Mr C C Medley





REGISTERED OFFICE: Suites 5 & 6, The Printworks
Ribble Valley Enterprise Park
Hey Road, Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 03673465 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Calf's Head Limited (Registered number: 03673465)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 702,936 699,004

CURRENT ASSETS
Stocks 26,468 23,654
Debtors 5 26,762 18,337
Cash at bank and in hand 571,253 621,614
624,483 663,605
CREDITORS
Amounts falling due within one year 6 295,635 415,612
NET CURRENT ASSETS 328,848 247,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,031,784

946,997

CREDITORS
Amounts falling due after more than one
year

7

(262,935

)

(274,008

)

PROVISIONS FOR LIABILITIES 10 (26,193 ) (20,849 )
NET ASSETS 742,656 652,140

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 742,654 652,138
SHAREHOLDERS' FUNDS 742,656 652,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Calf's Head Limited (Registered number: 03673465)

Balance Sheet - continued
30 November 2023


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 27 August 2024 and were signed on its behalf by:





Miss V J L Burrill - Director


Calf's Head Limited (Registered number: 03673465)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Calf's Head 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 represents net sales of goods and services, excluding value added tax. Turnover consists of drink, food and accommodation sales, which are recognised at the point of which these goods and services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 10% on reducing balance

No depreciation has been provided against the freehold property as the directors are of the opinion that the current market value and the estimated residual value is in excess of the historic cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Compliance with accounting standards
The financial statements are prepared in accordance with applicable accounting standards.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2022 - 57 ) .

Calf's Head Limited (Registered number: 03673465)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 December 2022 588,356 330,868 919,224
Additions - 16,074 16,074
At 30 November 2023 588,356 346,942 935,298
DEPRECIATION
At 1 December 2022 - 220,220 220,220
Charge for year - 12,142 12,142
At 30 November 2023 - 232,362 232,362
NET BOOK VALUE
At 30 November 2023 588,356 114,580 702,936
At 30 November 2022 588,356 110,648 699,004

No depreciation has been provided against the freehold property as the directors are of the opinion that the current market value and the estimated residual value is in excess of the historic cost.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors - 1,610
Tax - 16
Prepayments 26,762 16,711
26,762 18,337

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 13,078 14,985
Trade creditors 59,363 60,707
Amounts owed to associates - 141,946
Corporation tax 41,988 34,867
Social security and other taxes 12,287 8,564
VAT 76,534 62,646
Other creditors 2,707 2,916
Credit card 10,317 6,298
Directors' current accounts - 3,000
Accrued expenses 79,361 79,683
295,635 415,612

Calf's Head Limited (Registered number: 03673465)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 211,170 16,002
Bank loans - 2-5 years 51,765 54,816
Bank loans - more than 5 years - 203,190
262,935 274,008

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years - 203,190

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.23 30.11.22
£    £   
Within one year 1,588 1,359
Between one and five years 397 -
1,985 1,359

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 276,013 288,993

The bank borrowing is secured by a first party legal charge over the freehold property.

10. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 26,193 20,849

Deferred
tax
£   
Balance at 1 December 2022 20,849
Provided during year 5,344
Balance at 30 November 2023 26,193

Calf's Head Limited (Registered number: 03673465)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.20 30.11.19
value: £ £
120 A Ordinary 1p 1.20 1.20
40 B Ordinary 1p 0.40 0.40
40 C Ordinary 1p 0.40 0.40
2.00 2.00

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Miss V J L Burrill
Balance outstanding at start of year - 48
Amounts repaid - (48 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Two of the directors and shareholders also hold 100% of the shares in New Waggoners Ltd. The company has provided a guarantee over the bank borrowings taken out by New Waggoners Ltd.

The company has repaid a loan from New Waggoners Ltd, as shown in note 8, of £141,946.