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REGISTERED NUMBER: 05254840 (England and Wales)















Black Country Inns Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Black Country Inns Limited (Registered number: 05254840)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Black Country Inns Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D Jeavons





SECRETARY: Mrs S M Flavell





REGISTERED OFFICE: 76 High Street
Brierley Hill
West Midlands
DY5 3AW





BUSINESS ADDRESS: Black Country Inns Ltd
The Robin Hood
196 Collis Street
Stourbridge
West Midlands
DY8 4EQ





REGISTERED NUMBER: 05254840 (England and Wales)





ACCOUNTANTS: JMC Accountants & Tax Advisers Ltd
76 High Street
Brierley Hill
West Midlands
DY5 3AW

Black Country Inns Limited (Registered number: 05254840)

Balance Sheet
31 March 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 365,542 370,862

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 49,645 9,880
Cash at bank and in hand 294,687 223,398
349,332 238,278
CREDITORS
Amounts falling due within one year 6 238,779 181,278
NET CURRENT ASSETS 110,553 57,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

476,095

427,862

CREDITORS
Amounts falling due after more than one
year

7

(25,010

)

(45,000

)

PROVISIONS FOR LIABILITIES (488 ) (420 )
NET ASSETS 450,597 382,442

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 141,918 141,918
Retained earnings 308,677 240,522
450,597 382,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Black Country Inns Limited (Registered number: 05254840)

Balance Sheet - continued
31 March 2024


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 31 July 2024 and were signed by:





D Jeavons - Director


Black Country Inns Limited (Registered number: 05254840)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Black Country Inns 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 as modified by the revaluation of certain assets.

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 - 1% on cost
Fixtures and fittings - 25% on reducing balance

The freehold property, which the company occupies to carry on its trade, was valued by Mr D Jeavons after making enquiries from a local commercial agency.

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.

Black Country Inns Limited (Registered number: 05254840)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 11 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 380,000 71,526 451,526
DEPRECIATION
At 1 April 2023 15,200 65,464 80,664
Charge for year 3,800 1,520 5,320
At 31 March 2024 19,000 66,984 85,984
NET BOOK VALUE
At 31 March 2024 361,000 4,542 365,542
At 31 March 2023 364,800 6,062 370,862

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2019 380,000 - 380,000
Cost - 71,526 71,526
380,000 71,526 451,526

Freehold land and Building were valued on an open market basis on 1 April 2018 by Mr D Jeavons , the company director .

Black Country Inns Limited (Registered number: 05254840)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Amounts owed by group undertakings 37,786 -
Other debtors 11,859 9,880
49,645 9,880

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 20,008 20,000
Trade creditors 21,729 18,013
Taxation and social security 42,491 22,942
Other creditors 154,551 120,323
238,779 181,278

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans 25,010 45,000

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 141,918