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REGISTERED NUMBER: 04851114 (England and Wales)















Red Cow Inn (Brent Knoll) Limited

Abridged Unaudited Financial Statements

for the Year Ended 29 February 2024






Red Cow Inn (Brent Knoll) Limited (Registered number: 04851114)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Red Cow Inn (Brent Knoll) Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: M J Ostler
A M Ostler



REGISTERED OFFICE: The Red Cow
134 Brent Street
Brent Knoll
HIGHBRIDGE
Somerset
TA9 4BE



REGISTERED NUMBER: 04851114 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Barclays Bank plc
16 High Street
Bridgwater
Somerset
TA6 3DX

Red Cow Inn (Brent Knoll) Limited (Registered number: 04851114)

Abridged Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 26,427 26,843
26,427 26,843

CURRENT ASSETS
Stocks 7,535 7,035
Debtors 28,187 13,224
Cash at bank and in hand 212,603 234,967
248,325 255,226
CREDITORS
Amounts falling due within one year 97,472 177,957
NET CURRENT ASSETS 150,853 77,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,280

104,112

PROVISIONS FOR LIABILITIES 3,334 3,900
NET ASSETS 173,946 100,212

CAPITAL AND RESERVES
Called up share capital 101,304 1,304
Retained earnings 72,642 98,908
SHAREHOLDERS' FUNDS 173,946 100,212

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.

Red Cow Inn (Brent Knoll) Limited (Registered number: 04851114)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 November 2024 and were signed on its behalf by:





M J Ostler - Director


Red Cow Inn (Brent Knoll) Limited (Registered number: 04851114)

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

1. STATUTORY INFORMATION

Red Cow Inn (Brent Knoll) 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.

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - over life of lease
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 15% on reducing balance and in accordance with the property

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 statement of financial position date.


Red Cow Inn (Brent Knoll) Limited (Registered number: 04851114)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 21 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 29 February 2024 75,000
AMORTISATION
At 1 March 2023
and 29 February 2024 75,000
NET BOOK VALUE

At 29 February 2024 -
At 28 February 2023 -

Red Cow Inn (Brent Knoll) Limited (Registered number: 04851114)

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

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 84,491
Additions 3,579
At 29 February 2024 88,070
DEPRECIATION
At 1 March 2023 57,648
Charge for year 3,995
At 29 February 2024 61,643
NET BOOK VALUE
At 29 February 2024 26,427
At 28 February 2023 26,843

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
A M Ostler
Balance outstanding at start of year 3,474 -
Amounts advanced 8 -
Amounts repaid (24,270 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,788 ) 3,474