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REGISTERED NUMBER: 10026820 (England and Wales)















Unaudited Financial Statements for the Year Ended 29th February 2024

for

The Glyntwrog Inn Ltd

The Glyntwrog Inn Ltd (Registered number: 10026820)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Glyntwrog Inn Ltd

Company Information
for the Year Ended 29th February 2024







DIRECTOR: R M Heerebout





SECRETARY:





REGISTERED OFFICE: Glyntwrog Inn
Llanrug
Caernarfon
Gwynedd
LL55 4AN





REGISTERED NUMBER: 10026820 (England and Wales)





ACCOUNTANTS: A.Hughes-Jones, Dyson & Co.
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

The Glyntwrog Inn Ltd (Registered number: 10026820)

Balance Sheet
29th February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,139 58,345

CURRENT ASSETS
Stocks 8,500 8,500
Debtors 5 13,430 14,597
Cash at bank and in hand 103,462 101,371
125,392 124,468
CREDITORS
Amounts falling due within one year 6 15,358 9,724
NET CURRENT ASSETS 110,034 114,744
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,173

173,089

CREDITORS
Amounts falling due after more than one year 7 39,310 43,925
NET ASSETS 128,863 129,164

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 128,763 129,064
128,863 129,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 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 Glyntwrog Inn Ltd (Registered number: 10026820)

Balance Sheet - continued
29th 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 28th November 2024 and were signed by:





R M Heerebout - Director


The Glyntwrog Inn Ltd (Registered number: 10026820)

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

1. STATUTORY INFORMATION

The Glyntwrog Inn 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.

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.
Plant and machinery etc - 20% 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.

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 Glyntwrog Inn Ltd (Registered number: 10026820)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023 113,733
Additions 10,060
At 29th February 2024 123,793
DEPRECIATION
At 1st March 2023 55,388
Charge for year 10,266
At 29th February 2024 65,654
NET BOOK VALUE
At 29th February 2024 58,139
At 28th February 2023 58,345

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 13,430 14,597

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 1 -
Taxation and social security 10,929 5,434
Other creditors 4,428 4,290
15,358 9,724

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Other creditors 39,310 43,925