Company Registration No. 09875604 (England and Wales)
ELHAM VALLEY INNS LIMITED
Unaudited accounts
for the year ended 30 November 2023
ELHAM VALLEY INNS LIMITED
Unaudited accounts
Contents
ELHAM VALLEY INNS LIMITED
Company Information
for the year ended 30 November 2023
Directors
Eric Gaskell
Helen Gaskell
Company Number
09875604 (England and Wales)
Registered Office
THE GATEKEEPER CANTERBURY ROAD
ETCHINGHILL
FOLKESTONE
CT18 8DE
ENGLAND
Accountants
Step Stone Accountancy Limited
240 Reculver Road
Herne Bay
Kent
CT6 6QR
ELHAM VALLEY INNS LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
470,563
452,241
Cash at bank and in hand
36,039
2,662
Creditors: amounts falling due within one year
(76,942)
(31,793)
Net current liabilities
(31,087)
(27,996)
Total assets less current liabilities
439,476
424,245
Creditors: amounts falling due after more than one year
(143,697)
(132,234)
Provisions for liabilities
Net assets
294,077
292,011
Called up share capital
106
106
Profit and loss account
293,971
291,905
Shareholders' funds
294,077
292,011
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by
Eric Gaskell
Director
Company Registration No. 09875604
ELHAM VALLEY INNS LIMITED
Notes to the Accounts
for the year ended 30 November 2023
ELHAM VALLEY INNS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09875604. The registered office is THE GATEKEEPER CANTERBURY ROAD, ETCHINGHILL, FOLKESTONE, CT18 8DE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
at 15% per annum on a reducing rate basis
Computer equipment
over 3 years
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
447,050
5,975
400
453,425
Additions
-
19,986
798
20,784
At 30 November 2023
447,050
25,961
1,198
474,209
At 1 December 2022
-
959
225
1,184
Charge for the year
-
2,215
247
2,462
At 30 November 2023
-
3,174
472
3,646
At 30 November 2023
447,050
22,787
726
470,563
At 30 November 2022
447,050
5,016
175
452,241
ELHAM VALLEY INNS LIMITED
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Accrued income and prepayments
1,287
-
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
30,002
23,429
Taxes and social security
1,006
7,614
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
44,273
39,603
8
Average number of employees
During the year the average number of employees was 8 (2022: 2).