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REGISTERED NUMBER: 09630561 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

The Ship Inn(Stroud) Ltd.

The Ship Inn(Stroud) Ltd. (Registered number: 09630561)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Ship Inn(Stroud) Ltd.

Company Information
for the Year Ended 30 June 2024







DIRECTOR: W R Birch





SECRETARY:





REGISTERED OFFICE: Newstones
Park Road
Nailsworth
Gloucestershire
GL6 0HZ





REGISTERED NUMBER: 09630561 (England and Wales)





ACCOUNTANTS: Brooklyn Consultancy Ltd
Chartered Accountants
Newstones
Park Road
Nailsworth
Gloucestershire
GL6 0HZ

The Ship Inn(Stroud) Ltd. (Registered number: 09630561)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 258,593 279,798

CURRENT ASSETS
Stocks 18,250 18,250
Debtors 5 22,453 15,571
Cash at bank and in hand 7,158 31,250
47,861 65,071
CREDITORS
Amounts falling due within one year 6 99,069 121,590
NET CURRENT LIABILITIES (51,208 ) (56,519 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,385

223,279

CREDITORS
Amounts falling due after more than one year 7 137,138 153,166
NET ASSETS 70,247 70,113

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 70,147 70,013
SHAREHOLDERS' FUNDS 70,247 70,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The Ship Inn(Stroud) Ltd. (Registered number: 09630561)

Balance Sheet - continued
30 June 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 director and authorised for issue on 23 October 2024 and were signed by:





W R Birch - Director


The Ship Inn(Stroud) Ltd. (Registered number: 09630561)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

The Ship Inn(Stroud) Ltd. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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.

The Ship Inn(Stroud) Ltd. (Registered number: 09630561)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 233,381 72,952 306,333
Additions - 4,986 4,986
At 30 June 2024 233,381 77,938 311,319
DEPRECIATION
At 1 July 2023 11,669 14,866 26,535
Charge for year 11,669 14,522 26,191
At 30 June 2024 23,338 29,388 52,726
NET BOOK VALUE
At 30 June 2024 210,043 48,550 258,593
At 30 June 2023 221,712 58,086 279,798

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 15,571 9,245
Amounts owed by group undertakings 1,882 1,326
Other debtors 5,000 5,000
22,453 15,571

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 15,707 4,334
Trade creditors 18,888 26,616
Amounts owed to group undertakings 237 -
Tax 15,484 14,663
Social security and other taxes 7,961 4,240
VAT 24,509 22,176
Other creditors 14,871 44,925
Directors' current accounts 162 1,486
Accrued expenses 1,250 3,150
99,069 121,590

The Ship Inn(Stroud) Ltd. (Registered number: 09630561)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 15,707 4,334
Bank loans - 2-5 years 47,120 13,002
Bank loans more 5 yr by instal 74,311 135,830
137,138 153,166

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 74,311 135,830