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REGISTERED NUMBER: 11721114 (England and Wales)
















Financial Statements

for the Year Ended 31 December 2023

for

Dangerfield Inns Ltd

Dangerfield Inns Ltd (Registered number: 11721114)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Dangerfield Inns Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: N T Dangerfield
Mrs L J Dangerfield





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
United Kingdom
GL10 3UT





REGISTERED NUMBER: 11721114 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Dangerfield Inns Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited


20 September 2024

Dangerfield Inns Ltd (Registered number: 11721114)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 433,539 437,846

CURRENT ASSETS
Stocks 1,700 1,700
Debtors 5 47,939 2,014
Cash at bank and in hand 54,595 70,633
104,234 74,347
CREDITORS
Amounts falling due within one year 6 380,464 412,542
NET CURRENT LIABILITIES (276,230 ) (338,195 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,309

99,651

CREDITORS
Amounts falling due after more than
one year

7

(15,834

)

(25,833

)

PROVISIONS FOR LIABILITIES (2,079 ) (2,612 )
NET ASSETS 139,396 71,206

Dangerfield Inns Ltd (Registered number: 11721114)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 139,296 71,106
139,396 71,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 20 September 2024 and were signed on its behalf by:





N T Dangerfield - Director


Dangerfield Inns Ltd (Registered number: 11721114)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Dangerfield 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.

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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Dangerfield Inns Ltd (Registered number: 11721114)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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.

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 31 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 416,819 11,574 25,170
Additions - - 1,475
Disposals - - (394 )
At 31 December 2023 416,819 11,574 26,251
DEPRECIATION
At 1 January 2023 - 4,939 12,382
Charge for year - 1,659 3,532
Eliminated on disposal - - (259 )
At 31 December 2023 - 6,598 15,655
NET BOOK VALUE
At 31 December 2023 416,819 4,976 10,596
At 31 December 2022 416,819 6,635 12,788

Dangerfield Inns Ltd (Registered number: 11721114)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 715 3,172 457,450
Additions - - 1,475
Disposals - (214 ) (608 )
At 31 December 2023 715 2,958 458,317
DEPRECIATION
At 1 January 2023 471 1,812 19,604
Charge for year 61 322 5,574
Eliminated on disposal - (141 ) (400 )
At 31 December 2023 532 1,993 24,778
NET BOOK VALUE
At 31 December 2023 183 965 433,539
At 31 December 2022 244 1,360 437,846

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 955 -
Other debtors 45,682 1,186
Prepayments 1,302 828
47,939 2,014

Dangerfield Inns Ltd (Registered number: 11721114)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 18,345 8,623
Tax 21,804 15,193
Social security and other taxes 3,605 2,170
VAT 21,169 16,643
Other creditors 272,223 343,587
Deferred income 1,040 -
Accrued expenses 32,278 16,326
380,464 412,542

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,834 15,833
15,834 25,833