1 April 2023 false No description of principal activity Taxfiler 2024.5 05277440business:PrivateLimitedCompanyLtd2023-04-012024-03-31 052774402023-03-31 052774402023-04-012024-03-31 05277440business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 05277440business:FilletedAccounts2023-04-012024-03-31 052774402024-03-31 05277440business:Director12023-04-012024-03-31 05277440business:Director22023-04-012024-03-31 05277440business:RegisteredOffice2023-04-012024-03-31 052774402023-03-31 05277440core:WithinOneYear2024-03-31 05277440core:WithinOneYear2023-03-31 05277440core:AfterOneYear2024-03-31 05277440core:AfterOneYear2023-03-31 05277440core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 05277440core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 05277440core:SharePremiumcore:PreviouslyStatedAmount2024-03-31 05277440core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 05277440core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 05277440core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 05277440core:PreviouslyStatedAmount2024-03-31 05277440core:PreviouslyStatedAmount2023-03-31 05277440business:SmallEntities2023-04-012024-03-31 05277440countries:EnglandWales2023-04-012024-03-31 05277440core:LandBuildings2023-04-012024-03-31 05277440core:FurnitureFittings2023-04-012024-03-31 05277440core:ComputerEquipment2023-04-012024-03-31 05277440core:Goodwill2023-03-31 05277440core:Goodwill2024-03-31 05277440core:LandBuildings2023-03-31 05277440core:FurnitureFittings2023-03-31 05277440core:ComputerEquipment2023-03-31 05277440core:LandBuildings2024-03-31 05277440core:FurnitureFittings2024-03-31 05277440core:ComputerEquipment2024-03-31 05277440core:MoreThanFiveYears2024-03-31 05277440core:MoreThanFiveYears2023-03-31 05277440business:OrdinaryShareClass12023-04-012024-03-31 05277440business:OrdinaryShareClass12022-04-012023-03-31 052774402022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 05277440 (England and Wales)
Cavalier Inns Limited Unaudited accounts for the year ended 31 March 2024
Cavalier Inns Limited Unaudited accounts Contents
Page
- 2 -
Cavalier Inns Limited Company Information for the year ended 31 March 2024
Directors
Matthew O'Keeffe Adrian Lever
Company Number
05277440 (England and Wales)
Registered Office
The Royal Standard of England Forty Green Beaconsfield HP9 1XT United Kingdom
Accountants
Blue Cube Accountants Limited Britwell Grange Britwell Road Burnham SL1 8DF
- 3 -
Cavalier Inns Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,398,345 
2,221,847 
Current assets
Inventories
23,000 
23,295 
Debtors
15,857 
1,190 
Cash at bank and in hand
269,893 
274,529 
308,750 
299,014 
Creditors: amounts falling due within one year
(324,047)
(262,623)
Net current (liabilities)/assets
(15,297)
36,391 
Total assets less current liabilities
2,383,048 
2,258,238 
Creditors: amounts falling due after more than one year
(1,077,679)
(1,214,245)
Provisions for liabilities
Deferred tax
(19,403)
(27,039)
Net assets
1,285,966 
1,016,954 
Capital and reserves
Called up share capital
250 
240 
Share premium
278,455 
203,465 
Profit and loss account
1,007,261 
813,249 
Shareholders' funds
1,285,966 
1,016,954 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by
Adrian Lever Director Company Registration No. 05277440
- 4 -
Cavalier Inns Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Cavalier Inns Limited is a private company, limited by shares, registered in England and Wales, registration number 05277440. The registered office is The Royal Standard of England, Forty Green , Beaconsfield, HP9 1XT, United Kingdom.
2
Accounting policies
Basis of preparation
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
Intangible fixed 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation provided
Fixtures & fittings
15% Reducing balance
Computer equipment
33% 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 taxation
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.
- 5 -
Cavalier Inns Limited Notes to the Accounts for the year ended 31 March 2024
Pension costs
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
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
170,000 
At 31 March 2024
170,000 
Amortisation
At 1 April 2023
170,000 
At 31 March 2024
170,000 
Net book value
At 31 March 2024
- 
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
2,105,879 
535,336 
5,597 
2,646,812 
Additions
208,451 
14,158 
915 
223,524 
Disposals
- 
(119,889)
- 
(119,889)
At 31 March 2024
2,314,330 
429,605 
6,512 
2,750,447 
Depreciation
At 1 April 2023
- 
423,186 
1,779 
424,965 
Charge for the year
- 
14,267 
1,562 
15,829 
On disposals
- 
(88,692)
- 
(88,692)
At 31 March 2024
- 
348,761 
3,341 
352,102 
Net book value
At 31 March 2024
2,314,330 
80,844 
3,171 
2,398,345 
At 31 March 2023
2,105,879 
112,150 
3,818 
2,221,847 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
15,425 
- 
Other debtors
432 
1,190 
15,857 
1,190 
- 6 -
Cavalier Inns Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
110,400 
112,529 
VAT
75,082 
70,902 
Trade creditors
39,320 
29,569 
Taxes and social security
86,736 
43,995 
Other creditors
9,409 
2,778 
Accruals
3,100 
2,850 
324,047 
262,623 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,077,679 
1,214,245 
Aggregate of amounts that fall due for payment after five years
636,079 
746,479 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
250 Ordinary shares of £1 each
250 
240 
Shares issued during the period:
10 Ordinary shares of £1 each
10 
9
Average number of employees
During the year the average number of employees was 53 (2023: 45).
- 7 -