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REGISTERED NUMBER: 12107250 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2024

for

THE AGRICULTURAL INN LTD

THE AGRICULTURAL INN LTD (REGISTERED NUMBER: 12107250)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE AGRICULTURAL INN LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: D A Gollop
K A Parker
Ms J Wayne





REGISTERED OFFICE: Agricultural Inn
Brampford Speke
Exeter
EX5 5DP





REGISTERED NUMBER: 12107250 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

THE AGRICULTURAL INN LTD (REGISTERED NUMBER: 12107250)

Balance Sheet
30 APRIL 2024

2024 2023
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 4 186,496 148,147

CURRENT ASSETS
Stocks 12,176 3,300
Debtors 5 - 6,228
Cash at bank and in hand 91,508 125,439
103,684 134,967
CREDITORS
Amounts falling due within one year 6 (95,056 ) (71,866 )
NET CURRENT ASSETS 8,628 63,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,124

211,248

CREDITORS
Amounts falling due after more than one
year

7

(28,888

)

(35,548

)

PROVISIONS FOR LIABILITIES (19,728 ) (28,148 )
NET ASSETS 146,508 147,552

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 146,308 147,352
146,508 147,552

THE AGRICULTURAL INN LTD (REGISTERED NUMBER: 12107250)

Balance Sheet - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





D A Gollop - Director


THE AGRICULTURAL INN LTD (REGISTERED NUMBER: 12107250)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

The Agricultural 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.

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 represents amounts chargeable in respect of public house services, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - Straight line over 11 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% 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.

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 AGRICULTURAL INN LTD (REGISTERED NUMBER: 12107250)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
improvements machinery fittings Totals
£    £    £    £   
COST
At 1 May 2023 120,194 63,908 43,962 228,064
Additions 1,034 - 61,118 62,152
At 30 April 2024 121,228 63,908 105,080 290,216
DEPRECIATION
At 1 May 2023 27,619 31,248 21,050 79,917
Charge for year 10,942 4,899 7,962 23,803
At 30 April 2024 38,561 36,147 29,012 103,720
NET BOOK VALUE
At 30 April 2024 82,667 27,761 76,068 186,496
At 30 April 2023 92,575 32,660 22,912 148,147

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other debtors - 6,228

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 5,575 3,524
Trade creditors 17,034 18,719
Amounts owed to group undertakings 14,580 12,273
Taxation and social security 35,197 31,113
Other creditors 22,670 6,237
95,056 71,866

THE AGRICULTURAL INN LTD (REGISTERED NUMBER: 12107250)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans 28,888 35,548

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,141 11,310

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The previous years loans of £6,128 advanced to directors by the company shown in debtors within one year, have been repaid to the company during the 30 April 2024 year. These loans were previously interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

Subsidiary company

Included in other creditors (amounts falling due within one year) is a loan due from a subsidiary company.

At the balance sheet date the outstanding balance was £14,580 (2023 £12,273).

The loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is JFK Exeter Limited..

11. TRANSITION TO FRS 102

The 30 April 2024 financial statements have been prepared in accordance with the Financial Reporting Standards 102 including the provisions of Section 1A "Small Entities". In previous years they have been prepared in accordance with provisions of Financial Reporting Standard 101.

There have been no transitional adjustments to the figures stated in the accounts as a result of changing Financial Reporting Standards.