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REGISTERED NUMBER: 08769704 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2023

for

The Grampus Inn Limited

The Grampus Inn Limited (Registered number: 08769704)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


The Grampus Inn Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr W J Harvey





REGISTERED OFFICE: 69 High Street
Bideford
Devon
EX39 2AT





REGISTERED NUMBER: 08769704 (England and Wales)





ACCOUNTANTS: R T Marke & Co Ltd
Chartered Accountants
69 High Street
Bideford
Devon
EX39 2AT

The Grampus Inn Limited (Registered number: 08769704)

Abridged Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 103,686 27,861
103,686 27,861

CURRENT ASSETS
Stocks 21,343 36,820
Debtors 2,310 6,391
Cash at bank and in hand 30,900 109,388
54,553 152,599
CREDITORS
Amounts falling due within one year 72,686 77,220
NET CURRENT (LIABILITIES)/ASSETS (18,133 ) 75,379
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,553

103,240

PROVISIONS FOR LIABILITIES 2,663 2,817
NET ASSETS 82,890 100,423

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 82,889 100,422
SHAREHOLDERS' FUNDS 82,890 100,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 Grampus Inn Limited (Registered number: 08769704)

Abridged Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2024 and were signed by:





Mr W J Harvey - Director


The Grampus Inn Limited (Registered number: 08769704)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

The Grampus Inn 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.

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


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

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 representing the excess of the purchase price over the fair value of the net assets of undertakings acquired is capitalised in the balance sheet and is amortised by equal annual instalments over the expected useful economic life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over 50 years
Improvements to property - Straight line over 20 years
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.


The Grampus Inn Limited (Registered number: 08769704)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Going concern
The company has net current liabilities of £18,133 (2022 - net current assets of £75,379).

The company is reliant on the continuing financial support of its creditors and while there are no reasons to doubt that this support will continue, inherently there can be no certainty in relation to these matters. On this basis, and having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from an inability to meet obligations as they fall due.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

The Grampus Inn Limited (Registered number: 08769704)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 50,000
AMORTISATION
At 1 December 2022
and 30 November 2023 50,000
NET BOOK VALUE

At 30 November 2023 -
At 30 November 2022 -

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 66,415
Additions 81,760
At 30 November 2023 148,175
DEPRECIATION
At 1 December 2022 38,554
Charge for year 5,935
At 30 November 2023 44,489
NET BOOK VALUE
At 30 November 2023 103,686
At 30 November 2022 27,861


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1