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REGISTERED NUMBER: 12988151 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Unicorn Inn (Orton) Limited

Unicorn Inn (Orton) Limited (Registered number: 12988151)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Unicorn Inn (Orton) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr C M Goss
Mr A Goss





SECRETARY: Mr C M Goss





REGISTERED OFFICE: 20 Main Street Orton-On-The-Hill
Atherstone
United Kingdom
Leicestershire
CV9 3NN





REGISTERED NUMBER: 12988151 (England and Wales)





ACCOUNTANTS: CCW Limited
Chartered Accountants
295/297 Church Street
Blackpool
Lancashire
FY1 3PJ

Unicorn Inn (Orton) Limited (Registered number: 12988151)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 75,000 85,000
Tangible assets 5 38,986 43,736
113,986 128,736

CURRENT ASSETS
Stocks 7,500 7,500
Debtors 6 2,068 2,035
Cash at bank and in hand 113,562 93,177
123,130 102,712
CREDITORS
Amounts falling due within one year 7 185,796 171,125
NET CURRENT LIABILITIES (62,666 ) (68,413 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,320

60,323

PROVISIONS FOR LIABILITIES 5,921 6,269
NET ASSETS 45,399 54,054

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 45,299 53,954
45,399 54,054

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Unicorn Inn (Orton) Limited (Registered number: 12988151)

Balance Sheet - continued
31 March 2024


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 14 October 2024 and were signed on its behalf by:




Mr C M Goss - Director



Mr A Goss - Director


Unicorn Inn (Orton) Limited (Registered number: 12988151)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Unicorn Inn (Orton) 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.


Unicorn Inn (Orton) Limited (Registered number: 12988151)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023 15,000
Amortisation for year 10,000
At 31 March 2024 25,000
NET BOOK VALUE
At 31 March 2024 75,000
At 31 March 2023 85,000

Unicorn Inn (Orton) Limited (Registered number: 12988151)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 46,222 7,500 1,517 55,239
Additions 3,158 - - 3,158
At 31 March 2024 49,380 7,500 1,517 58,397
DEPRECIATION
At 1 April 2023 9,249 1,875 379 11,503
Charge for year 6,217 1,406 285 7,908
At 31 March 2024 15,466 3,281 664 19,411
NET BOOK VALUE
At 31 March 2024 33,914 4,219 853 38,986
At 31 March 2023 36,973 5,625 1,138 43,736

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 70
Prepayments 2,068 1,965
2,068 2,035

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 24,441 37,880
Tax 21,051 12,007
Social security and other taxes 31,818 30,588
Directors' loan accounts 90,515 80,843
Accrued expenses 17,971 9,807
185,796 171,125