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REGISTERED NUMBER: 04224775 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

THE LANGTON ARMS LIMITED

THE LANGTON ARMS LIMITED (REGISTERED NUMBER: 04224775)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Balance sheet 1

Notes to the financial statements 2


THE LANGTON ARMS LIMITED (REGISTERED NUMBER: 04224775)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 277,202 283,211

Current assets
Stocks 13,322 16,183
Debtors 5 20,172 22,336
Cash at bank and in hand 968 37,273
34,462 75,792
Creditors
Amounts falling due within one year 6 132,022 89,758
Net current liabilities (97,560 ) (13,966 )
Total assets less current liabilities 179,642 269,245

Creditors
Amounts falling due after more than one year 7 139,103 151,654
Net assets 40,539 117,591

Capital and reserves
Called up share capital 8 100 100
Retained earnings 40,439 117,491
Shareholders' funds 40,539 117,591

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

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

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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





Mrs B J Cossins - Director


THE LANGTON ARMS LIMITED (REGISTERED NUMBER: 04224775)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. Statutory information

The Langton Arms Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04224775. The registered office address is 7&8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is Tarrant Monkton, Blandford Forum, Dorset, DT11 8RX.

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 represents income receivable from the provision of hospitality services, net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Freehold property is stated at fair value as long as a value can be measured reliably. This will be reviewed annually by the directors.

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 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 LANGTON ARMS LIMITED (REGISTERED NUMBER: 04224775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 20 (2023 - 19 ) .

4. Tangible fixed assets
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
Cost
At 1 June 2023 241,132 10,673 19,302 160,039 431,146
Additions - - 609 1,066 1,675
At 31 May 2024 241,132 10,673 19,911 161,105 432,821
Depreciation
At 1 June 2023 - 2,668 9,437 135,830 147,935
Charge for year - 534 2,095 5,055 7,684
At 31 May 2024 - 3,202 11,532 140,885 155,619
Net book value
At 31 May 2024 241,132 7,471 8,379 20,220 277,202
At 31 May 2023 241,132 8,005 9,865 24,209 283,211

Freehold property was valued by the directors on an open market basis on 31 May 2024.

It was confirmed by the directors that the fair value of the freehold property remained the same as its cost on this date.

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 4,857 5,586
Amounts owed by associates 3,855 6,958
Other debtors 10,717 9,792
Prepayments 743 -
20,172 22,336

THE LANGTON ARMS LIMITED (REGISTERED NUMBER: 04224775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 63,575 9,979
Other loans 2,400 2,400
Trade creditors 17,025 22,056
Social security and other taxes 12,921 3,981
VAT 26,397 22,604
Other creditors 2,797 1,609
Directors' current accounts 2,992 23,604
Accruals and deferred income 3,915 3,525
132,022 89,758

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 10,406 10,192
Bank loans - 2-5 years 897 11,262
Other loans - 1-2 years 2,400 2,400
Other loans - 2-5 years 2,400 2,400
Other loans more 5yrs instal 123,000 125,400
139,103 151,654

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 123,000 125,400

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. Ultimate controlling party

The company is controlled by the directors by virtue of their 100% ownership of the issued share capital.