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REGISTERED NUMBER: 06466406 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Fox & Hounds Country Inn Limited

Fox & Hounds Country Inn Limited (Registered number: 06466406)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fox & Hounds Country Inn Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: N Calvert
Mrs A Calvert





REGISTERED OFFICE: Gainsborough Road
Willingham By Stow
Gainsborough
Lincolnshire
DN21 5JX





REGISTERED NUMBER: 06466406 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Fox & Hounds Country Inn Limited (Registered number: 06466406)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 94,097 99,708
94,097 99,708

CURRENT ASSETS
Stocks 5,700 5,700
Debtors 6 70,537 69,762
Cash at bank and in hand 12,580 21,409
88,817 96,871
CREDITORS
Amounts falling due within one year 7 81,602 104,905
NET CURRENT ASSETS/(LIABILITIES) 7,215 (8,034 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,312

91,674

CREDITORS
Amounts falling due after more than one
year

8

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES (9,908 ) (10,715 )
NET ASSETS 78,904 58,459

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 78,902 58,457
78,904 58,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Fox & Hounds Country Inn Limited (Registered number: 06466406)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:





N Calvert - Director


Fox & Hounds Country Inn Limited (Registered number: 06466406)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Fox & Hounds Country Inn 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts involved in respect of goods rendered stated net of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

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.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

Fox & Hounds Country Inn Limited (Registered number: 06466406)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 10,000
AMORTISATION
At 1 November 2023
and 31 October 2024 10,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 November 2023 15,181 31,091 28,680
Additions - - -
At 31 October 2024 15,181 31,091 28,680
DEPRECIATION
At 1 November 2023 3,062 4,429 15,286
Charge for year 304 622 2,009
At 31 October 2024 3,366 5,051 17,295
NET BOOK VALUE
At 31 October 2024 11,815 26,040 11,385
At 31 October 2023 12,119 26,662 13,394

Fox & Hounds Country Inn Limited (Registered number: 06466406)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 128,672 37,416 445 241,485
Additions 5,836 - - 5,836
At 31 October 2024 134,508 37,416 445 247,321
DEPRECIATION
At 1 November 2023 86,209 32,346 445 141,777
Charge for year 7,244 1,268 - 11,447
At 31 October 2024 93,453 33,614 445 153,224
NET BOOK VALUE
At 31 October 2024 41,055 3,802 - 94,097
At 31 October 2023 42,463 5,070 - 99,708

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 10,557 9,782
Other debtors 59,980 59,980
70,537 69,762

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans - 31,307
Trade creditors 11,697 29,492
Tax 11,587 8,715
Social security and other taxes 811 840
VAT 19,622 22,497
Directors' current accounts 26,685 854
Accrued expenses 1,200 1,200
81,602 104,905

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 2,500 12,500
12,500 22,500

Fox & Hounds Country Inn Limited (Registered number: 06466406)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £1,000) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.