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REGISTERED NUMBER: 02968311 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Marsden Inns Limited

Marsden Inns Limited (Registered number: 02968311)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Marsden Inns Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Catterall
D A Catterall





REGISTERED OFFICE: Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY





REGISTERED NUMBER: 02968311 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

Marsden Inns Limited (Registered number: 02968311)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,528,258 2,505,707

CURRENT ASSETS
Stocks 3,000 1,000
Debtors 5 217,017 221,945
Cash at bank and in hand 95,672 106,132
315,689 329,077
CREDITORS
Amounts falling due within one year 6 266,367 345,451
NET CURRENT ASSETS/(LIABILITIES) 49,322 (16,374 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,577,580

2,489,333

CREDITORS
Amounts falling due after more than one
year

7

(876,894

)

(930,589

)

PROVISIONS FOR LIABILITIES 8 (27,895 ) (21,251 )
NET ASSETS 1,672,791 1,537,493

CAPITAL AND RESERVES
Called up share capital 9 2 2
Share premium 76,749 76,749
Revaluation reserve 10 1,017,996 1,017,996
Retained earnings 578,044 442,746
SHAREHOLDERS' FUNDS 1,672,791 1,537,493

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.

Marsden Inns Limited (Registered number: 02968311)

Balance Sheet - continued
31 December 2023


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 24 September 2024 and were signed on its behalf by:




J Catterall - Director



D A Catterall - Director


Marsden Inns Limited (Registered number: 02968311)

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

1. STATUTORY INFORMATION

Marsden Inns 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.

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.
Freehold property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - at varying rates on cost
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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Marsden Inns Limited (Registered number: 02968311)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2023 2,405,279 14,590 339,905 1,911 2,761,685
Additions 7,782 44,199 653 132 52,766
At 31 December 2023 2,413,061 58,789 340,558 2,043 2,814,451
DEPRECIATION
At 1 January 2023 - 6,190 248,159 1,629 255,978
Charge for year - 10,029 20,090 96 30,215
At 31 December 2023 - 16,219 268,249 1,725 286,193
NET BOOK VALUE
At 31 December 2023 2,413,061 42,570 72,309 318 2,528,258
At 31 December 2022 2,405,279 8,400 91,746 282 2,505,707

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2022 1,017,996 - - - 1,017,996
Cost 1,395,065 58,789 340,558 2,043 1,796,455
2,413,061 58,789 340,558 2,043 2,814,451

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,103 12,853
Amounts owed by group undertakings 11,984 9,095
Other debtors 52,480 46,794
Directors' current accounts 143,220 139,647
Prepayments 3,230 13,556
217,017 221,945

Marsden Inns Limited (Registered number: 02968311)

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 69,979 72,549
Other loans 12,000 12,000
Trade creditors 65,488 89,990
Tax 40,128 86,068
Social security and other taxes 5,446 8,251
VAT 52,350 39,822
Other creditors 1,880 2,130
Accrued expenses 19,096 34,641
266,367 345,451

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 279,914 279,914
Bank loans - greater than 5 years 578,003 618,144
Other loans - 2-5 years 18,977 32,531
876,894 930,589

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - greater than 5 years 578,003 618,144

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 27,895 21,251

Deferred
tax
£   
Balance at 1 January 2023 21,251
Charge to Statement of Income and Retained Earnings during year 6,644
Balance at 31 December 2023 27,895

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £2 2 2

Marsden Inns Limited (Registered number: 02968311)

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

10. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 1,017,996

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
J Catterall
Balance outstanding at start of year 139,647 30,561
Amounts advanced 102,364 125,475
Amounts repaid (98,791 ) (16,389 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 143,220 139,647