2023-04-012024-03-312024-03-31false04585107The Red Lion Inn (Babcary) Ltd2024-10-0856302iso4217:GBPxbrli:pure045851072023-04-01045851072024-03-31045851072023-04-012024-03-31045851072022-04-01045851072023-03-31045851072022-04-012023-03-3104585107bus:SmallEntities2023-04-012024-03-3104585107bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3104585107bus:FullAccounts2023-04-012024-03-3104585107bus:PrivateLimitedCompanyLtd2023-04-012024-03-3104585107core:WithinOneYear2024-03-3104585107core:AfterOneYear2024-03-3104585107core:WithinOneYear2023-03-3104585107core:AfterOneYear2023-03-3104585107core:ShareCapital2024-03-3104585107core:SharePremium2024-03-3104585107core:RevaluationReserve2024-03-3104585107core:OtherReservesSubtotal2024-03-3104585107core:RetainedEarningsAccumulatedLosses2024-03-3104585107core:ShareCapital2023-03-3104585107core:SharePremium2023-03-3104585107core:RevaluationReserve2023-03-3104585107core:OtherReservesSubtotal2023-03-3104585107core:RetainedEarningsAccumulatedLosses2023-03-3104585107core:LandBuildings2024-03-3104585107core:PlantMachinery2024-03-3104585107core:Vehicles2024-03-3104585107core:FurnitureFittings2024-03-3104585107core:OfficeEquipment2024-03-3104585107core:NetGoodwill2024-03-3104585107core:IntangibleAssetsOtherThanGoodwill2024-03-3104585107core:ListedExchangeTraded2024-03-3104585107core:UnlistedNon-exchangeTraded2024-03-3104585107core:LandBuildings2023-03-3104585107core:PlantMachinery2023-03-3104585107core:Vehicles2023-03-3104585107core:FurnitureFittings2023-03-3104585107core:OfficeEquipment2023-03-3104585107core:NetGoodwill2023-03-3104585107core:IntangibleAssetsOtherThanGoodwill2023-03-3104585107core:ListedExchangeTraded2023-03-3104585107core:UnlistedNon-exchangeTraded2023-03-3104585107core:LandBuildings2023-04-012024-03-3104585107core:PlantMachinery2023-04-012024-03-3104585107core:Vehicles2023-04-012024-03-3104585107core:FurnitureFittings2023-04-012024-03-3104585107core:OfficeEquipment2023-04-012024-03-3104585107core:NetGoodwill2023-04-012024-03-3104585107core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104585107core:ListedExchangeTraded2023-04-012024-03-3104585107core:UnlistedNon-exchangeTraded2023-04-012024-03-3104585107core:MoreThanFiveYears2023-04-012024-03-3104585107core:Non-currentFinancialInstruments2024-03-3104585107core:Non-currentFinancialInstruments2023-03-3104585107dpl:CostSales2023-04-012024-03-3104585107dpl:DistributionCosts2023-04-012024-03-3104585107core:LandBuildings2023-04-012024-03-3104585107core:PlantMachinery2023-04-012024-03-3104585107core:Vehicles2023-04-012024-03-3104585107core:FurnitureFittings2023-04-012024-03-3104585107core:OfficeEquipment2023-04-012024-03-3104585107dpl:AdministrativeExpenses2023-04-012024-03-3104585107core:NetGoodwill2023-04-012024-03-3104585107core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104585107dpl:GroupUndertakings2023-04-012024-03-3104585107dpl:ParticipatingInterests2023-04-012024-03-3104585107dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3104585107core:ListedExchangeTraded2023-04-012024-03-3104585107dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3104585107core:UnlistedNon-exchangeTraded2023-04-012024-03-3104585107dpl:CostSales2022-04-012023-03-3104585107dpl:DistributionCosts2022-04-012023-03-3104585107core:LandBuildings2022-04-012023-03-3104585107core:PlantMachinery2022-04-012023-03-3104585107core:Vehicles2022-04-012023-03-3104585107core:FurnitureFittings2022-04-012023-03-3104585107core:OfficeEquipment2022-04-012023-03-3104585107dpl:AdministrativeExpenses2022-04-012023-03-3104585107core:NetGoodwill2022-04-012023-03-3104585107core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104585107dpl:GroupUndertakings2022-04-012023-03-3104585107dpl:ParticipatingInterests2022-04-012023-03-3104585107dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3104585107core:ListedExchangeTraded2022-04-012023-03-3104585107dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3104585107core:UnlistedNon-exchangeTraded2022-04-012023-03-3104585107core:NetGoodwill2024-03-3104585107core:IntangibleAssetsOtherThanGoodwill2024-03-3104585107core:LandBuildings2024-03-3104585107core:PlantMachinery2024-03-3104585107core:Vehicles2024-03-3104585107core:FurnitureFittings2024-03-3104585107core:OfficeEquipment2024-03-3104585107core:AfterOneYear2024-03-3104585107core:WithinOneYear2024-03-3104585107core:ListedExchangeTraded2024-03-3104585107core:UnlistedNon-exchangeTraded2024-03-3104585107core:ShareCapital2024-03-3104585107core:SharePremium2024-03-3104585107core:RevaluationReserve2024-03-3104585107core:OtherReservesSubtotal2024-03-3104585107core:RetainedEarningsAccumulatedLosses2024-03-3104585107core:NetGoodwill2023-03-3104585107core:IntangibleAssetsOtherThanGoodwill2023-03-3104585107core:LandBuildings2023-03-3104585107core:PlantMachinery2023-03-3104585107core:Vehicles2023-03-3104585107core:FurnitureFittings2023-03-3104585107core:OfficeEquipment2023-03-3104585107core:AfterOneYear2023-03-3104585107core:WithinOneYear2023-03-3104585107core:ListedExc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The Red Lion Inn (Babcary) Ltd

Registered Number
04585107
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

The Red Lion Inn (Babcary) Ltd
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Garrard, Charles Rochfort
Garrard, Clare Nicola

Company Secretary

GARRARD, Clare Nicola

Registered Address

The Red Lion Inn
Babcary
Somerset
TA11 7ED

Registered Number

04585107 (England and Wales)
The Red Lion Inn (Babcary) Ltd
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3477,368495,036
477,368495,036
Current assets
Stocks10,69611,150
Debtors44,62710,576
Cash at bank and on hand42,774104,792
58,097126,518
Creditors amounts falling due within one year5(114,086)(111,440)
Net current assets (liabilities)(55,989)15,078
Total assets less current liabilities421,379510,114
Creditors amounts falling due after one year(157,303)(236,806)
Provisions for liabilities(4,727)(4,341)
Net assets259,349268,967
Capital and reserves
Called up share capital100100
Profit and loss account259,249268,867
Shareholders' funds259,349268,967
The financial statements were approved and authorised for issue by the Board of Directors on 8 October 2024, and are signed on its behalf by:
Garrard, Charles Rochfort
Director
Registered Company No. 04585107
The Red Lion Inn (Babcary) Ltd
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-50
Plant and machinery15-
Fixtures and fittings15-
Office Equipment15-
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
2.Average number of employees

20242023
Average number of employees during the year2827
3.Tangible fixed assets

Land & buildings

Office Equipment

Total

£££
Cost or valuation
At 01 April 23664,714192,440857,154
At 31 March 24664,714192,440857,154
Depreciation and impairment
At 01 April 23198,834163,284362,118
Charge for year13,2944,37417,668
At 31 March 24212,128167,658379,786
Net book value
At 31 March 24452,58624,782477,368
At 31 March 23465,88029,156495,036
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by associates and joint ventures / participating interests4,6279,858
Prepayments and accrued income-718
Total4,62710,576
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables33,14032,934
Bank borrowings and overdrafts22,80028,779
Taxation and social security57,08145,946
Other creditors1,0653,341
Accrued liabilities and deferred income-440
Total114,086111,440
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.