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REGISTERED NUMBER: 06141038 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

The Real Inn Company Limited

The Real Inn Company Limited (Registered number: 06141038)






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 Real Inn Company Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Ms S J Burdge



REGISTERED OFFICE: The Nobody Inn
Doddiscombleigh
Exeter
Devon
EX6 7PS



REGISTERED NUMBER: 06141038 (England and Wales)



ACCOUNTANTS: Baines & Co
46 Rolle Street
Exmouth
Devon
EX8 2SQ



BANKERS: Barclays Bank plc
Exeter
Leicester
Leicestershire
LE87 2BB

The Real Inn Company Limited (Registered number: 06141038)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 752,577 776,443
Investments 5 1 1
752,578 776,444

CURRENT ASSETS
Stocks 6 58,212 47,334
Debtors 7 86,484 65,472
Cash at bank and in hand 16,681 2,203
161,377 115,009
CREDITORS
Amounts falling due within one year 8 358,974 261,764
NET CURRENT LIABILITIES (197,597 ) (146,755 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

554,981

629,689

CREDITORS
Amounts falling due after more than one
year

9

277,032

324,827
NET ASSETS 277,949 304,862

CAPITAL AND RESERVES
Called up share capital 11 357,446 357,446
Retained earnings 12 (79,497 ) (52,584 )
SHAREHOLDERS' FUNDS 277,949 304,862

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 director acknowledges her 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 Real Inn Company Limited (Registered number: 06141038)

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 director and authorised for issue on 28 November 2024 and were signed by:





Ms S J Burdge - Director


The Real Inn Company Limited (Registered number: 06141038)

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

1. STATUTORY INFORMATION

The Real Inn Company 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. 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.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

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.

The Real Inn Company Limited (Registered number: 06141038)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 31 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2023 967,961 9,551 224,999 8,000 1,210,511
Additions - - 623 - 623
At 29 February 2024 967,961 9,551 225,622 8,000 1,211,134
DEPRECIATION
At 1 March 2023 260,108 3,778 168,849 1,333 434,068
Charge for year 17,433 578 5,678 800 24,489
At 29 February 2024 277,541 4,356 174,527 2,133 458,557
NET BOOK VALUE
At 29 February 2024 690,420 5,195 51,095 5,867 752,577
At 28 February 2023 707,853 5,773 56,150 6,667 776,443

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 1
NET BOOK VALUE
At 29 February 2024 1
At 28 February 2023 1

6. STOCKS
29.2.24 28.2.23
£    £   
Stocks 58,212 47,334

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 250 250
Prepayments 86,234 65,222
86,484 65,472

The Real Inn Company Limited (Registered number: 06141038)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 89,066 75,833
Other loans 57,755 14,133
Trade creditors 45,816 19,613
Social security and other taxes 37,230 24,888
VAT 55,523 62,577
Other creditors 17,614 29,119
Directors' current accounts 49,352 29,751
Accrued expenses 6,618 5,850
358,974 261,764

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans - 2-5 years 238,474 221,723
Bank loans more 5 yr by instal 38,558 103,104
277,032 324,827

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 38,558 103,104

10. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank overdrafts 21,784 19,655
Bank loans 344,314 381,005
366,098 400,660

The bank loan is guaranteed by a floating charge over company assets and additionally, a personal guarantee by the director, limited to £150,000.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
357,446 Ordinary £1 357,446 357,446

The Real Inn Company Limited (Registered number: 06141038)

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

12. RESERVES
Retained
earnings
£   

At 1 March 2023 (52,584 )
Deficit for the year (26,913 )
At 29 February 2024 (79,497 )

13. ULTIMATE CONTROLLING PARTY

The controlling party is Ms S J Burdge.

The ultimate controlling party is Ms S J Burdge.