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REGISTERED NUMBER: 13920994 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

THE MANOR HOUSE INN (CROYDE) LTD

THE MANOR HOUSE INN (CROYDE) LTD (REGISTERED NUMBER: 13920994)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE MANOR HOUSE INN (CROYDE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr S P Creely
Mrs L R Creely
Ms H P Michael





REGISTERED OFFICE: 39 St. Marys Road
Croyde
Braunton
Devon
EX33 1PG





REGISTERED NUMBER: 13920994 (England and Wales)

THE MANOR HOUSE INN (CROYDE) LTD (REGISTERED NUMBER: 13920994)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,191 68,364

CURRENT ASSETS
Stocks 5 11,324 -
Debtors 6 16,516 -
Cash at bank and in hand 102,018 58,276
129,858 58,276
CREDITORS
Amounts falling due within one year 7 186,762 125,325
NET CURRENT LIABILITIES (56,904 ) (67,049 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,287

1,315

PROVISIONS FOR LIABILITIES 8 6,927 -
NET ASSETS 13,360 1,315

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,260 1,215
13,360 1,315

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.

THE MANOR HOUSE INN (CROYDE) LTD (REGISTERED NUMBER: 13920994)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





Ms H P Michael - Director


THE MANOR HOUSE INN (CROYDE) LTD (REGISTERED NUMBER: 13920994)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

The Manor House Inn (Croyde) 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.

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.

The company started trading on 16th February 2023, meaning that last year was a 13 month period whereas the current year is a 12 month period. Therefore, the comparatives are not entirely comparable.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. The company supplies products to customers under standard terms and conditions. In all cases turnover is recognised when the risks and rewards of ownership are transferred and this is defined to be on exchange of the goods.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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

Computer equipment - 18% on reducing balance
Fixtures and fittings - 18% on reducing balance
Motor vehicles - 25% 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 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.


THE MANOR HOUSE INN (CROYDE) LTD (REGISTERED NUMBER: 13920994)

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.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 25 ) .

THE MANOR HOUSE INN (CROYDE) LTD (REGISTERED NUMBER: 13920994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 1,167 81,560 742 83,469
Additions - 21,934 1,176 23,110
Disposals - (1,250 ) - (1,250 )
At 29 February 2024 1,167 102,244 1,918 105,329
DEPRECIATION
At 1 March 2023 291 14,680 134 15,105
Charge for year 219 12,856 281 13,356
Eliminated on disposal - (323 ) - (323 )
At 29 February 2024 510 27,213 415 28,138
NET BOOK VALUE
At 29 February 2024 657 75,031 1,503 77,191
At 28 February 2023 876 66,880 608 68,364

5. STOCKS
2024 2023
£    £   
Stocks 11,324 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 16,516 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 40,996 24,145
Taxation 1,050 3,334
Paye/Ni payable 10,878 9,584
VAT 310 3,818
Other creditors 4,164 -
Directors' current accounts 102,949 84,444
Accruals and deferred income 26,415 -
186,762 125,325

THE MANOR HOUSE INN (CROYDE) LTD (REGISTERED NUMBER: 13920994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 6,927 -

Deferred
tax
£   
Movement during the year 6,927
Balance at 29 February 2024 6,927

9. RELATED PARTY DISCLOSURES

At the year end an amount of £102,949 (2023 - £84,444) was owed to the directors of the company.

No interest was charged on the above balances.