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Company Registration No. 14588335 (England and Wales)
The Sportsman Inn Ltd Unaudited accounts for the period from 12 January 2023 to 29 February 2024
The Sportsman Inn Ltd Unaudited accounts Contents
Page
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The Sportsman Inn Ltd Company Information for the period from 12 January 2023 to 29 February 2024
Director
William Thomas Hibbert
Company Number
14588335 (England and Wales)
Registered Office
4 Baird Road Enfield Middlesex EN1 1SJ England
Accountants
Stoke Newington Accountants & Tax Consultants Ltd 4 Baird Road Enfield London EN1 1SJ
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The Sportsman Inn Ltd Statement of financial position as at 29 February 2024
29/02/2024 
Notes
£ 
Current assets
Cash at bank and in hand
100 
Net current assets
100 
Net assets
100 
Capital and reserves
Called up share capital
100 
Shareholders' funds
100 
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 October 2024 and were signed on its behalf by
William Thomas Hibbert Director Company Registration No. 14588335
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The Sportsman Inn Ltd Notes to the Accounts for the period from 12 January 2023 to 29 February 2024
1
Statutory information
The Sportsman Inn Ltd is a private company, limited by shares, registered in England and Wales, registration number 14588335. The registered office is 4 Baird Road, Enfield, Middlesex, EN1 1SJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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The Sportsman Inn Ltd Notes to the Accounts for the period from 12 January 2023 to 29 February 2024
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investments
Investments in shares are included at fair value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
4
Share capital
29/02/2024 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
5
Controlling party
The company's ultimate controlling party is Mr. William Thomas Hibbert by virtue of his ownership of 100% of the issued share capital in the company.
6
Average number of employees
During the period the average number of employees was 12.
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