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REGISTERED NUMBER: 07072547 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Old Hall Inn Limited

Old Hall Inn Limited (Registered number: 07072547)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Old Hall Inn Limited (Registered number: 07072547)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,893 17,710
Tangible assets 5 876,646 884,528
892,539 902,238

CURRENT ASSETS
Stocks 24,490 23,324
Debtors 6 5,350 4,423
Cash at bank and in hand 123,727 327,911
153,567 355,658
CREDITORS
Amounts falling due within one year 7 373,664 355,749
NET CURRENT LIABILITIES (220,097 ) (91 )
TOTAL ASSETS LESS CURRENT LIABILITIES 672,442 902,147

CREDITORS
Amounts falling due after more than one year 8 (65,030 ) (304,414 )

PROVISIONS FOR LIABILITIES (39,705 ) (34,968 )
NET ASSETS 567,707 562,765

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 567,704 562,762
SHAREHOLDERS' FUNDS 567,707 562,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Old Hall Inn Limited (Registered number: 07072547)

Balance Sheet - continued
29 February 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:




D M Capper - Director M R Capper - Director




Mrs A C Capper - Director


Old Hall Inn Limited (Registered number: 07072547)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Old Hall Inn Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07072547

Registered office: Old Hall Inn
Whitehough
Chinley
High Peak
Derbyshire
SK23 6EJ

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of eighteen years.

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 - NIL % per annum
Improvements to property - 2% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% 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 Profit & Loss Account, 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.


Old Hall Inn Limited (Registered number: 07072547)

Notes to the Financial Statements - continued
for the Year Ended 29 February 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.

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 62 (2023 - 66 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 32,700
AMORTISATION
At 1 March 2023 14,990
Amortisation for year 1,817
At 29 February 2024 16,807
NET BOOK VALUE
At 29 February 2024 15,893
At 28 February 2023 17,710

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 March 2023 469,320 230,909 495,347
Additions - 24,642 17,320
Disposals - - (38,031 )
At 29 February 2024 469,320 255,551 474,636
DEPRECIATION
At 1 March 2023 - 25,586 305,332
Charge for year - 5,111 41,136
Eliminated on disposal - - (36,372 )
At 29 February 2024 - 30,697 310,096
NET BOOK VALUE
At 29 February 2024 469,320 224,854 164,540
At 28 February 2023 469,320 205,323 190,015

Old Hall Inn Limited (Registered number: 07072547)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 60,595 5,251 1,261,422
Additions - 2,808 44,770
Disposals - - (38,031 )
At 29 February 2024 60,595 8,059 1,268,161
DEPRECIATION
At 1 March 2023 44,926 1,050 376,894
Charge for year 3,134 1,612 50,993
Eliminated on disposal - - (36,372 )
At 29 February 2024 48,060 2,662 391,515
NET BOOK VALUE
At 29 February 2024 12,535 5,397 876,646
At 28 February 2023 15,669 4,201 884,528

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 722 -
Other debtors 4,628 4,423
5,350 4,423

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32,528 27,638
Trade creditors 77,017 81,416
Taxation and social security 127,062 121,973
Other creditors 137,057 124,722
373,664 355,749

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 64,961 304,163
Other creditors 69 251
65,030 304,414

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 207,983

Old Hall Inn Limited (Registered number: 07072547)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 97,489 331,801

Bank loans and overdrafts are secured over the property Beechwood, 1 Ivy Cottages, Chinley and a fixed and floating charge over all undertakings of the company.