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Company Registration No. 10022198 (England and Wales)
New Inn Leven Limited Unaudited accounts for the year ended 29 February 2024
New Inn Leven Limited Unaudited accounts Contents
Page
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New Inn Leven Limited Company Information for the year ended 29 February 2024
Directors
Mr Craig Farley Myfanwy Garman Robert Garman Timothy Ollett
Company Number
10022198 (England and Wales)
Registered Office
New Inn 44 South Street Leven Beverley North Humberside HU17 5NZ England
Accountants
Rainbird Hanton Accountants The Octagon Hesslewood Business Park Feriby Road Hessle East Yorkshire HU13 0LH
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New Inn Leven Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
222,538 
223,248 
Current assets
Inventories
6,500 
7,500 
Debtors
19,339 
- 
Cash at bank and in hand
31,561 
42,514 
57,400 
50,014 
Creditors: amounts falling due within one year
(182,860)
(119,051)
Net current liabilities
(125,460)
(69,037)
Total assets less current liabilities
97,078 
154,211 
Creditors: amounts falling due after more than one year
(195,976)
(269,514)
Net liabilities
(98,898)
(115,303)
Capital and reserves
Share premium
100 
100 
Profit and loss account
(98,998)
(115,403)
Shareholders' funds
(98,898)
(115,303)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by
Myfanwy Garman Director Company Registration No. 10022198
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New Inn Leven Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
New Inn Leven Limited is a private company, limited by shares, registered in England and Wales, registration number 10022198. The registered office is New Inn, 44 South Street, Leven, Beverley, North Humberside, HU17 5NZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Fixtures & fittings
20% on cost
Computer equipment
33.33% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
15,000 
At 29 February 2024
15,000 
Amortisation
At 1 March 2023
15,000 
At 29 February 2024
15,000 
Net book value
At 29 February 2024
- 
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New Inn Leven Limited Notes to the Accounts for the year ended 29 February 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
221,023 
49,433 
39,690 
1,696 
311,842 
At 29 February 2024
221,023 
49,433 
39,690 
1,696 
311,842 
Depreciation
At 1 March 2023
- 
47,548 
39,687 
1,359 
88,594 
Charge for the year
- 
511 
- 
199 
710 
At 29 February 2024
- 
48,059 
39,687 
1,558 
89,304 
Net book value
At 29 February 2024
221,023 
1,374 
3 
138 
222,538 
At 28 February 2023
221,023 
1,885 
3 
337 
223,248 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
124 
- 
Other debtors
19,215 
- 
19,339 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
19,192 
19,192 
VAT
77,751 
49,762 
Trade creditors
7,219 
10,190 
Taxes and social security
19,912 
13,613 
Other creditors
3,865 
14,745 
Loans from directors
53,087 
9,715 
Accruals
1,834 
1,834 
182,860 
119,051 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
195,976 
214,937 
Loans from directors
- 
54,577 
195,976 
269,514 
9
Average number of employees
During the year the average number of employees was 11 (2023: 13).
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