Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 05478296 Mrs Annette Webster Mr Matthew Webster iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05478296 2023-08-31 05478296 2024-08-31 05478296 2023-09-01 2024-08-31 05478296 frs-core:CurrentFinancialInstruments 2024-08-31 05478296 frs-core:Non-currentFinancialInstruments 2024-08-31 05478296 frs-core:BetweenOneFiveYears 2024-08-31 05478296 frs-core:FurnitureFittings 2024-08-31 05478296 frs-core:FurnitureFittings 2023-09-01 2024-08-31 05478296 frs-core:FurnitureFittings 2023-08-31 05478296 frs-core:NetGoodwill 2024-08-31 05478296 frs-core:NetGoodwill 2023-09-01 2024-08-31 05478296 frs-core:NetGoodwill 2023-08-31 05478296 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 05478296 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 05478296 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 05478296 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 05478296 frs-core:MotorVehicles 2024-08-31 05478296 frs-core:MotorVehicles 2023-09-01 2024-08-31 05478296 frs-core:MotorVehicles 2023-08-31 05478296 frs-core:PlantMachinery 2023-09-01 2024-08-31 05478296 frs-core:WithinOneYear 2024-08-31 05478296 frs-core:ShareCapital 2024-08-31 05478296 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05478296 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05478296 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 05478296 frs-bus:SmallEntities 2023-09-01 2024-08-31 05478296 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05478296 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05478296 frs-bus:Director1 2023-09-01 2024-08-31 05478296 frs-bus:Director2 2023-09-01 2024-08-31 05478296 frs-countries:EnglandWales 2023-09-01 2024-08-31 05478296 2022-08-31 05478296 2023-08-31 05478296 2022-09-01 2023-08-31 05478296 frs-core:CurrentFinancialInstruments 2023-08-31 05478296 frs-core:Non-currentFinancialInstruments 2023-08-31 05478296 frs-core:BetweenOneFiveYears 2023-08-31 05478296 frs-core:WithinOneYear 2023-08-31 05478296 frs-core:ShareCapital 2023-08-31 05478296 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 05478296
Village and Country Inns Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 05478296
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,747 15,427
Tangible Assets 5 675,223 691,606
682,970 707,033
CURRENT ASSETS
Stocks 6 10,157 8,338
Cash at bank and in hand 76,715 59,070
86,872 67,408
Creditors: Amounts Falling Due Within One Year 7 (169,299 ) (173,537 )
NET CURRENT ASSETS (LIABILITIES) (82,427 ) (106,129 )
TOTAL ASSETS LESS CURRENT LIABILITIES 600,543 600,904
Creditors: Amounts Falling Due After More Than One Year 8 (517,534 ) (534,543 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (556 ) (1,263 )
NET ASSETS 82,453 65,098
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 82,353 64,998
SHAREHOLDERS' FUNDS 82,453 65,098
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs Annette Webster
Director
Mr Matthew Webster
Director
17/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Village and Country Inns Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05478296 . The registered office is 70 High Street, Waddesdon, Aylesbury, Buckinghamshire, HP18 0LB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 19 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost
Leasehold 10% on cost
Plant & Machinery
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was  13 (2023: 14)
13 14
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 146,000
As at 31 August 2024 146,000
Amortisation
As at 1 September 2023 130,573
Provided during the period 7,680
As at 31 August 2024 138,253
Net Book Value
As at 31 August 2024 7,747
As at 1 September 2023 15,427
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2023 688,553 7,127 111,685 807,365
As at 31 August 2024 688,553 7,127 111,685 807,365
Depreciation
As at 1 September 2023 7,395 4,331 104,033 115,759
Provided during the period 13,771 699 1,913 16,383
As at 31 August 2024 21,166 5,030 105,946 132,142
Net Book Value
As at 31 August 2024 667,387 2,097 5,739 675,223
As at 1 September 2023 681,158 2,796 7,652 691,606
6. Stocks
2024 2023
£ £
Materials 10,157 8,338
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 33,838 30,521
Bank loans and overdrafts 16,040 16,489
Corporation tax 9,829 5,290
Other taxes and social security 2,042 1,659
VAT 22,993 20,951
Other creditors 9,949 14,165
Accrued expenses 3,475 3,971
Directors' loan accounts 67,955 76,813
Amounts owed to subsidiaries 3,178 3,678
169,299 173,537
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Loans. 517,534 534,543
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 556 1,263
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
At the end of the period the company had minimum lease payments under non-cancellable leases as follows:
2024 2023
£ £
Not later than one year 2,016 -
Later than one year and not later than five years 3,024 -
5,040 -
12. Debenture
Page 5
Page 6
By way of a debenture dated 17 February 2023, Cambridge & Counties Bank Limited have a fixed and floating charge on the company's assets.
Page 6