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REGISTERED NUMBER: 06056440 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

COACHING INNS (NORTH) LIMITED

COACHING INNS (NORTH) LIMITED (REGISTERED NUMBER: 06056440)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COACHING INNS (NORTH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mrs H J Levack
A P Levack
Mrs C Firth





SECRETARY: Mrs H J Levack





REGISTERED OFFICE: Ye Olde Bell
Great North Road
Barnby Moor
Retford
DN22 8SQ





REGISTERED NUMBER: 06056440 (England and Wales)





AUDITORS: KJA Kilner Johnson Ltd (Statutory Auditors)
Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT

COACHING INNS (NORTH) LIMITED (REGISTERED NUMBER: 06056440)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 252,327 253,056
Investments 5 488,864 466,142
741,191 719,198

CURRENT ASSETS
Stocks 40,022 36,179
Debtors 6 3,428,430 3,469,707
Cash at bank and in hand 399,975 517,284
3,868,427 4,023,170
CREDITORS
Amounts falling due within one year 7 3,269,440 3,612,263
NET CURRENT ASSETS 598,987 410,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,340,178

1,130,105

PROVISIONS FOR LIABILITIES 8 28,393 25,359
NET ASSETS 1,311,785 1,104,746

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,311,685 1,104,646
SHAREHOLDERS' FUNDS 1,311,785 1,104,746

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 25 September 2024 and were signed on its behalf by:





A P Levack - Director


COACHING INNS (NORTH) LIMITED (REGISTERED NUMBER: 06056440)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Coaching Inns (North) 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Leasehold improvements - 2% on cost
Fixtures and fittings - 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 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.

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.

COACHING INNS (NORTH) LIMITED (REGISTERED NUMBER: 06056440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 87 (2022 - 85 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and
improvements fittings Totals
£    £    £   
COST
At 1 October 2022 257,116 2,026,785 2,283,901
Additions - 60,222 60,222
At 30 September 2023 257,116 2,087,007 2,344,123
DEPRECIATION
At 1 October 2022 203,916 1,826,929 2,030,845
Charge for year 4,755 56,196 60,951
At 30 September 2023 208,671 1,883,125 2,091,796
NET BOOK VALUE
At 30 September 2023 48,445 203,882 252,327
At 30 September 2022 53,200 199,856 253,056

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 October 2022 466,142
Revaluations 22,722
At 30 September 2023 488,864
NET BOOK VALUE
At 30 September 2023 488,864
At 30 September 2022 466,142

Cost or valuation at 30 September 2023 is represented by:

Unlisted
investments
£   
Valuation in 2023 22,722
Valuation in 2022 (37,835 )
Valuation in 2021 3,977
Cost 500,000
488,864

COACHING INNS (NORTH) LIMITED (REGISTERED NUMBER: 06056440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5. FIXED ASSET INVESTMENTS - continued

If investments had not been revalued they would have been included at the following historical cost:

30.9.23 30.9.22
£    £   
Cost 500,000 500,000

Fixed Assets Investments were valued on an open market basis on 30 September 2023 by the investment managers .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 24,507 43,533
Amounts owed by group undertakings 3,347,036 3,369,880
Other debtors - 317
Prepayments 56,887 55,977
3,428,430 3,469,707

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 94,039 133,521
Amounts owed to group undertakings 1,969,889 2,219,854
Tax 75,667 103,940
Social security and other taxes 10,634 16,080
VAT 104,799 104,980
Other creditors 260,940 274,532
Amounts due to related parties 709,875 715,677
Directors' current accounts - 5,673
Accruals 43,597 38,006
3,269,440 3,612,263

8. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 28,393 25,359

Deferred
tax
£   
Balance at 1 October 2022 25,359
Accelerated capital allowances 3,034
Balance at 30 September 2023 28,393

COACHING INNS (NORTH) LIMITED (REGISTERED NUMBER: 06056440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 October 2022 1,104,646
Profit for the year 207,039
At 30 September 2023 1,311,685

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Raza Effendi MBA FCA (Senior Statutory Auditor)
for and on behalf of KJA Kilner Johnson Ltd (Statutory Auditors)

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Rent has been paid to Mr A P Levack in respect of property from which the company operates, amounting to £135,000 (2021 - £135,000).

13. RELATED PARTY TRANSACTIONS

At the year end, the company owed £715,677 (2022 - £715,677) to A P L Management Ltd, a company owned by Mr Levack. The loan is interest free and repayable on demand..

14. ULTIMATE CONTROLLING PARTY

The controlling party is A P Levack.

The ultimate parent undertaking and controlling party is Barnby CH limited, a company controlled by A P Levack.