IRIS Accounts Production v24.2.0.383 08366961 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083669612023-01-31083669612024-01-31083669612023-02-012024-01-31083669612022-01-31083669612022-02-012023-01-31083669612023-01-3108366961ns15:EnglandWales2023-02-012024-01-3108366961ns14:PoundSterling2023-02-012024-01-3108366961ns10:Director12023-02-012024-01-3108366961ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3108366961ns10:SmallEntities2023-02-012024-01-3108366961ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3108366961ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3108366961ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3108366961ns10:FullAccounts2023-02-012024-01-3108366961ns10:Director22023-02-012024-01-3108366961ns10:RegisteredOffice2023-02-012024-01-3108366961ns5:CurrentFinancialInstruments2024-01-3108366961ns5:CurrentFinancialInstruments2023-01-3108366961ns5:ShareCapital2024-01-3108366961ns5:ShareCapital2023-01-3108366961ns5:RetainedEarningsAccumulatedLosses2024-01-3108366961ns5:RetainedEarningsAccumulatedLosses2023-01-3108366961ns5:PlantMachinery2023-02-012024-01-3108366961ns5:PlantMachinery2023-01-3108366961ns5:FurnitureFittings2023-01-3108366961ns5:ComputerEquipment2023-01-3108366961ns5:FurnitureFittings2023-02-012024-01-3108366961ns5:ComputerEquipment2023-02-012024-01-3108366961ns5:PlantMachinery2024-01-3108366961ns5:FurnitureFittings2024-01-3108366961ns5:ComputerEquipment2024-01-3108366961ns5:PlantMachinery2023-01-3108366961ns5:FurnitureFittings2023-01-3108366961ns5:ComputerEquipment2023-01-3108366961ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3108366961ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 08366961 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

The Nags Head Pontesbury Limited

The Nags Head Pontesbury Limited (Registered number: 08366961)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Nags Head Pontesbury Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: H T Thorne
R I Vance



REGISTERED OFFICE: Earlsdale House
Pontesford Hill
Shrewsbury
Shropshire
SY5 0UJ



REGISTERED NUMBER: 08366961 (England and Wales)



ACCOUNTANTS: WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



BANKERS: Lloyds Bank Plc
1 Pride Hill
Shrewsbury
Shropshire
SY1 1DG

The Nags Head Pontesbury Limited (Registered number: 08366961)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,031 2,332
Investment property 5 662,094 662,094
663,125 664,426

CURRENT ASSETS
Debtors 6 1,151 1,049
Cash at bank 3,848 6,800
4,999 7,849
CREDITORS
Amounts falling due within one year 7 490,437 514,424
NET CURRENT LIABILITIES (485,438 ) (506,575 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,687

157,851

PROVISIONS FOR LIABILITIES 15,245 15,492
NET ASSETS 162,442 142,359

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 162,440 142,357
SHAREHOLDERS' FUNDS 162,442 142,359

The Nags Head Pontesbury Limited (Registered number: 08366961)

Statement of Financial Position - continued
31 January 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





H T Thorne - Director


The Nags Head Pontesbury Limited (Registered number: 08366961)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

The Nags Head Pontesbury 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
Revenue 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.
Plant and machinery etc - 20% on cost and 15% or 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

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 statement of financial position date.


The Nags Head Pontesbury Limited (Registered number: 08366961)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Office
Fixtures and
Plant and and computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 65,567 39,145 228 104,940
DEPRECIATION
At 1 February 2023 63,950 38,430 228 102,608
Charge for year 971 330 - 1,301
At 31 January 2024 64,921 38,760 228 103,909
NET BOOK VALUE
At 31 January 2024 646 385 - 1,031
At 31 January 2023 1,617 715 - 2,332

The Nags Head Pontesbury Limited (Registered number: 08366961)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 662,094
NET BOOK VALUE
At 31 January 2024 662,094
At 31 January 2023 662,094

The investment property has been valued at fair value by the directors in the year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,151 1,049

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 6,674 6,786
Other creditors 483,763 507,638
490,437 514,424

8. RELATED PARTY DISCLOSURES

Included in creditors falling due within one year, there are amounts due to a director and a connected person of the company of £476,624 (2023 - £504,624). There is no interest payable on these amounts, and the amounts are repayable on demand.