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REGISTERED NUMBER: 10208501 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Sunchaser Inns Ltd

Sunchaser Inns Ltd (Registered number: 10208501)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Sunchaser Inns Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mrs D K Hardwick





REGISTERED OFFICE: The Slipway
Port Isaac
Cornwall
PL29 3RH





REGISTERED NUMBER: 10208501 (England and Wales)





ACCOUNTANTS: Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR

Sunchaser Inns Ltd (Registered number: 10208501)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 109,501 113,224
109,501 113,224

CURRENT ASSETS
Stocks 7,939 10,522
Debtors 6 3,338 -
Cash at bank and in hand 189,861 158,381
201,138 168,903
CREDITORS
Amounts falling due within one year 7 160,766 176,784
NET CURRENT ASSETS/(LIABILITIES) 40,372 (7,881 )
TOTAL ASSETS LESS CURRENT LIABILITIES 149,873 105,343

PROVISIONS FOR LIABILITIES 10,968 10,548
NET ASSETS 138,905 94,795

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 138,903 94,793
138,905 94,795

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Sunchaser Inns Ltd (Registered number: 10208501)

Balance Sheet - continued
30 June 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 20 February 2025 and were signed by:





Mrs D K Hardwick - Director


Sunchaser Inns Ltd (Registered number: 10208501)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Sunchaser Inns 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, 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.
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.

Sunchaser Inns Ltd (Registered number: 10208501)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 45,000
AMORTISATION
At 1 July 2023
and 30 June 2024 45,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 252,833
Additions 21,326
Disposals (1,703 )
At 30 June 2024 272,456
DEPRECIATION
At 1 July 2023 139,609
Charge for year 24,133
Eliminated on disposal (787 )
At 30 June 2024 162,955
NET BOOK VALUE
At 30 June 2024 109,501
At 30 June 2023 113,224

Sunchaser Inns Ltd (Registered number: 10208501)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 3,338 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 16,249 27,119
Taxation and social security 69,102 75,871
Other creditors 75,415 73,794
160,766 176,784

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 67,811 67,811
Between one and five years 271,244 271,244
In more than five years 135,622 203,434
474,677 542,489

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mrs D K Hardwick
Balance outstanding at start of year (70,689 ) (122,108 )
Amounts advanced 695 62,260
Amounts repaid (1,119 ) (10,841 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (71,113 ) (70,689 )

No interest has been charged to date on the loan due to the director, and there is no fixed repayment date.

10. RELATED PARTY DISCLOSURES

As at 30 June 2024 the company owed the sole shareholder and director, Mrs D Hardwick, an amount of £71,113 (30 June 2023: £70,689).

During the year the sole shareholder and director, Mrs D Hardwick, received dividends of £1,000.

11. ULTIMATE CONTROLLING PARTY

Mrs D Hardwick, by virtue of her shareholding and directorship, controls the company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Sunchaser Inns Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sunchaser Inns Ltd for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Sunchaser Inns Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sunchaser Inns Ltd and state those matters that we have agreed to state to the director of Sunchaser Inns Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sunchaser Inns Ltd and its director for our work or for this report.

It is your duty to ensure that Sunchaser Inns Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sunchaser Inns Ltd. You consider that Sunchaser Inns Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sunchaser Inns Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR


20 February 2025