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Registration number: 8704689

Livingstone Inn Ltd

trading as Bentley Brook Inn

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Livingstone Inn Ltd

trading as Bentley Brook Inn

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Livingstone Inn Ltd

trading as Bentley Brook Inn

Company Information

Directors

Mrs W A Livingstone

Mr J Livingstone

Registered office

51 St John Street
Ashbourne
Derbyshire
DE6 1GP

Accountants

Coates and Partners Limited
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

Livingstone Inn Ltd

trading as Bentley Brook Inn

(Registration number: 8704689)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

17,997

27,330

Current assets

 

Stocks

14,905

15,993

Debtors

6

40,755

30,123

Cash at bank and in hand

 

184,915

261,496

 

240,575

307,612

Creditors: Amounts falling due within one year

7

(242,266)

(251,746)

Net current (liabilities)/assets

 

(1,691)

55,866

Total assets less current liabilities

 

16,306

83,196

Provisions for liabilities

(2,800)

(4,600)

Net assets

 

13,506

78,596

Capital and reserves

 

Called up share capital

100

100

Retained earnings

13,406

78,496

Shareholders' funds

 

13,506

78,596

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

 

Livingstone Inn Ltd

trading as Bentley Brook Inn

(Registration number: 8704689)
Balance Sheet as at 30 September 2024 (continued)

Approved and authorised by the Board on 13 February 2025 and signed on its behalf by:
 

.........................................
Mrs W A Livingstone
Director

   
     
 

Livingstone Inn Ltd

trading as Bentley Brook Inn

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 8704689.

The address of its registered office is:
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

These financial statements were authorised for issue by the Board on 13 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Livingstone Inn Ltd

trading as Bentley Brook Inn

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% straight line

Fixtures and fittings

10% straight line

Office equipment

10% straight line

Leasehold improvements

not depreciated

 

Livingstone Inn Ltd

trading as Bentley Brook Inn

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 29 (2023 - 33).

 

Livingstone Inn Ltd

trading as Bentley Brook Inn

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2023

25,000

25,000

At 30 September 2024

25,000

25,000

Amortisation

At 1 October 2023

25,000

25,000

At 30 September 2024

25,000

25,000

Carrying amount

At 30 September 2024

-

-

 

Livingstone Inn Ltd

trading as Bentley Brook Inn

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2023

3,298

23,880

80,059

107,237

Additions

-

666

-

666

At 30 September 2024

3,298

24,546

80,059

107,903

Depreciation

At 1 October 2023

-

11,121

68,786

79,907

Charge for the year

-

1,993

8,006

9,999

At 30 September 2024

-

13,114

76,792

89,906

Carrying amount

At 30 September 2024

3,298

11,432

3,267

17,997

At 30 September 2023

3,298

12,759

11,273

27,330

Included within the net book value of land and buildings above is £3,298 (2023 - £3,298) in respect of freehold land and buildings.
 

6

Debtors

Current

2024
£

2023
£

Trade debtors

-

1,347

Prepayments

14,418

6,802

Other debtors

26,337

21,974

 

40,755

30,123

 

Livingstone Inn Ltd

trading as Bentley Brook Inn

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

23,883

26,667

Trade creditors

 

16,316

32,088

Taxation and social security

 

52,210

52,319

Accruals and deferred income

 

40,471

31,604

Other creditors

 

109,386

109,068

 

242,266

251,746

The bounce back loan is 100% government guaranteed. It has now been fully repaid.

Creditors: amounts falling due after more than one year

2024
£

2023
£

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

26,667

Other borrowings

23,883

-

23,883

26,667

 

Livingstone Inn Ltd

trading as Bentley Brook Inn

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £208,333 (2023 - £258,723).