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REGISTERED NUMBER: 08770348 (England and Wales)

















Inn Toxicating Limited
Trading as
The Tides Inn

Financial Statements

for the Year Ended 30 November 2023






Inn Toxicating Limited (Registered number: 08770348)
Trading as The Tides Inn

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Inn Toxicating Limited
Trading as The Tides Inn

Company Information
for the year ended 30 November 2023







DIRECTOR: Mrs J M Antonana



REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX



REGISTERED NUMBER: 08770348 (England and Wales)



ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX



BANKERS: HSBC Bank plc
18 St Mary Street
Weymouth
Dorset
DT4 8PH

Inn Toxicating Limited (Registered number: 08770348)
Trading as The Tides Inn

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 231,792 232,039

CURRENT ASSETS
Stocks 5,164 4,235
Debtors 5 378 -
Cash at bank and in hand 7,045 2,744
12,587 6,979
CREDITORS
Amounts falling due within one year 6 185,282 96,467
NET CURRENT LIABILITIES (172,695 ) (89,488 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,097

142,551

CREDITORS
Amounts falling due after more than one
year

7

(23,104

)

(113,139

)

PROVISIONS FOR LIABILITIES (746 ) (793 )
NET ASSETS 35,247 28,619

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 35,245 28,617
SHAREHOLDERS' FUNDS 35,247 28,619

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 director acknowledges her 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 director and authorised for issue on 15 August 2024 and were signed by:





Mrs J M Antonana - Director


Inn Toxicating Limited (Registered number: 08770348)
Trading as The Tides Inn

Notes to the Financial Statements
for the year ended 30 November 2023


1. STATUTORY INFORMATION

Inn Toxicating 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.

Turnover represents bar and food sales and charges for provision of accommodation during the accounting period, excluding value added tax.

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 - 2% on cost
Fixtures, fittings, equipment - 15% on reducing balance

The directors consider that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation charge for the year is nil. The directors perform annual impairment reviews to ensure that the recoverable amount is not lower than the carrying value.

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.

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 2 (2022 - 3 ) .

Inn Toxicating Limited (Registered number: 08770348)
Trading as The Tides Inn

Notes to the Financial Statements - continued
for the year ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings,
property equipment Totals
£    £    £   
COST
At 1 December 2022 227,867 8,585 236,452
Additions - 501 501
Disposals - (238 ) (238 )
At 30 November 2023 227,867 8,848 236,715
DEPRECIATION
At 1 December 2022 - 4,413 4,413
Charge for year - 693 693
Eliminated on disposal - (183 ) (183 )
At 30 November 2023 - 4,923 4,923
NET BOOK VALUE
At 30 November 2023 227,867 3,925 231,792
At 30 November 2022 227,867 4,172 232,039

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 378 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 90,380 3,103
Taxation and social security 11,104 12,984
Other creditors 83,798 80,380
185,282 96,467

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 23,104 113,139

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 6,552 10,345

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 86,242 86,242

The mortgage is secured by a fixed charge over the company's freehold property together with fixed and floating charges over all other company assets, present and future.