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REGISTERED NUMBER: 06671969 (England and Wales)















THE SWAN INN (BETLEY) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






THE SWAN INN (BETLEY) LIMITED (REGISTERED NUMBER: 06671969)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE SWAN INN (BETLEY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: G B Ecclestone





REGISTERED OFFICE: Saddlers Cottage
Main Road
Betley
Crewe
Cheshire
CW3 9AA





REGISTERED NUMBER: 06671969 (England and Wales)






THE SWAN INN (BETLEY) LIMITED (REGISTERED NUMBER: 06671969)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 10,967 7,577
10,968 7,578

CURRENT ASSETS
Stocks 6,800 6,558
Debtors 6 6,792 7,930
Cash at bank and in hand 20,571 17,864
34,163 32,352
CREDITORS
Amounts falling due within one year 7 23,139 20,658
NET CURRENT ASSETS 11,024 11,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,992

19,272

CREDITORS
Amounts falling due after more than one
year

8

(2,500

)

(5,865

)

PROVISIONS FOR LIABILITIES (1,879 ) (1,221 )
NET ASSETS 17,613 12,186

CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and loss account 17,513 12,086
SHAREHOLDERS' FUNDS 17,613 12,186

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 SWAN INN (BETLEY) LIMITED (REGISTERED NUMBER: 06671969)

BALANCE SHEET - continued
30 SEPTEMBER 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 30 January 2025 and were signed by:





G B Ecclestone - Director


THE SWAN INN (BETLEY) LIMITED (REGISTERED NUMBER: 06671969)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

The Swan Inn (Betley) 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.

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 the amount derived from ordinary activities, and stated after trade discounts, and net of VAT.

Goodwill
Purchased goodwill is capitalised and is not amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on 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.

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 SWAN INN (BETLEY) LIMITED (REGISTERED NUMBER: 06671969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 1
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 61,397 392 61,789
Additions 5,370 271 5,641
Disposals (4,476 ) - (4,476 )
At 30 September 2024 62,291 663 62,954
DEPRECIATION
At 1 October 2023 53,915 297 54,212
Charge for year 1,406 103 1,509
Eliminated on disposal (3,734 ) - (3,734 )
At 30 September 2024 51,587 400 51,987
NET BOOK VALUE
At 30 September 2024 10,704 263 10,967
At 30 September 2023 7,482 95 7,577

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,000 -
Prepayments 3,792 7,930
6,792 7,930

THE SWAN INN (BETLEY) LIMITED (REGISTERED NUMBER: 06671969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,752 4,140
Trade creditors 4,155 294
Corporation tax 4,284 7,221
Social security and other taxes 9,718 8,120
Accrued expenses 1,230 883
23,139 20,658

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 2,500 4,140
Bank loans - 2-5 years - 1,725
2,500 5,865

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £237,000 (2023 : NIL)