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REGISTERED NUMBER: 12550728 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

SAXON INNS LTD

SAXON INNS LTD (REGISTERED NUMBER: 12550728)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAXON INNS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: M O David





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA





BUSINESS ADDRESS: The Rose and Crown Public House
99 The High Street
Somersham
Huntingdon
Cambridgeshire
PE28 3EE





REGISTERED NUMBER: 12550728 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

SAXON INNS LTD (REGISTERED NUMBER: 12550728)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 13,766 17,015

CURRENT ASSETS
Stocks 11,413 10,739
Debtors 6 12,949 11,847
Cash at bank and in hand 74,586 66,463
98,948 89,049
CREDITORS
Amounts falling due within one year 7 (103,836 ) (102,723 )
NET CURRENT LIABILITIES (4,888 ) (13,674 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,878 3,341

PROVISIONS FOR LIABILITIES 9 (2,616 ) (3,233 )
NET ASSETS 6,262 108

CAPITAL AND RESERVES
Called up share capital 10 8 8
Capital redemption reserve 8 8
Retained earnings 6,246 92
SHAREHOLDERS' FUNDS 6,262 108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

SAXON INNS LTD (REGISTERED NUMBER: 12550728)

BALANCE SHEET - continued
30 APRIL 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





M O David - Director


SAXON INNS LTD (REGISTERED NUMBER: 12550728)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Saxon Inns 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 consists of bar sales along with gambling machines and pool table sales.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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.

SAXON INNS LTD (REGISTERED NUMBER: 12550728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. ACCOUNTING POLICIES - continued

Grant income
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received using the performance model.

The grant will therefore be recognised in other income when the grant proceeds are received or receivable provided the terms of the grant do not impose future performance related conditions.

If the terms of the grant do impose future performance related conditions, the grant is only recognised in income when the performance related conditions are met.

Any grants that are received before the recognition criteria is met are recognised in the entity's financial statements as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 4,331 18,994 5,000 28,325
Additions 409 - - 409
At 30 April 2024 4,740 18,994 5,000 28,734
DEPRECIATION
At 1 May 2023 1,531 8,529 1,250 11,310
Charge for year 622 2,098 938 3,658
At 30 April 2024 2,153 10,627 2,188 14,968
NET BOOK VALUE
At 30 April 2024 2,587 8,367 2,812 13,766
At 30 April 2023 2,800 10,465 3,750 17,015

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 12,949 11,847

SAXON INNS LTD (REGISTERED NUMBER: 12550728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,567 8,790
Taxation and social security 10,647 11,937
Other creditors 85,622 81,996
103,836 102,723

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 33,088 32,338
Between one and five years 8,272 33,088
41,360 65,426

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,616 3,233

Deferred
tax
£   
Balance at 1 May 2023 3,233
Provided during year (617 )
Balance at 30 April 2024 2,616

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8 Ordinary £1 8 8

11. RELATED PARTY TRANSACTIONS

At the balance sheet date the director was owed £27,692.89 (2023: £24,182.10). The amount bears no interest, is repayable on demand and is included with other creditors due in less than one year.