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REGISTERED NUMBER: 06662269 (England and Wales)















EAGLES INN LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






EAGLES INN LTD (REGISTERED NUMBER: 06662269)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAGLES INN LTD

COMPANY INFORMATION
for the Year Ended 31 MAY 2024







DIRECTORS: M Pugh
Mrs S E Pugh





SECRETARY:





REGISTERED OFFICE: Ty Isaf
Rhydymain
Dolgellau
Gwynedd
LL40 2BU





REGISTERED NUMBER: 06662269 (England and Wales)





ACCOUNTANTS: E W Owen & Co
Glyndwr Buildings
Glyndwr Street
Dolgellau
Gwynedd
LL40 1BB

EAGLES INN LTD (REGISTERED NUMBER: 06662269)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,331 123,027

CURRENT ASSETS
Stocks - 7,845
Debtors 5 180,564 192,461
Cash at bank and in hand 1,078 131,267
181,642 331,573
CREDITORS
Amounts falling due within one year 6 7,391 153,800
NET CURRENT ASSETS 174,251 177,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,582

300,800

PROVISIONS FOR LIABILITIES 2,158 2,727
NET ASSETS 291,424 298,073

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 291,124 297,773
SHAREHOLDERS' FUNDS 291,424 298,073

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

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

EAGLES INN LTD (REGISTERED NUMBER: 06662269)

BALANCE SHEET - continued
31 MAY 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 27 February 2025 and were signed on its behalf by:





Mrs S E Pugh - Director


EAGLES INN LTD (REGISTERED NUMBER: 06662269)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2024


1. STATUTORY INFORMATION

Eagles Inn 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.

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 - 15% 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.

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 NIL (2023 - 7 ).

EAGLES INN LTD (REGISTERED NUMBER: 06662269)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023
and 31 May 2024 100,075 38,893 47,426
DEPRECIATION
At 1 June 2023 - 29,581 36,324
Charge for year - 1,397 1,665
At 31 May 2024 - 30,978 37,989
NET BOOK VALUE
At 31 May 2024 100,075 7,915 9,437
At 31 May 2023 100,075 9,312 11,102

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 16,898 6,751 210,043
DEPRECIATION
At 1 June 2023 16,608 4,503 87,016
Charge for year 72 562 3,696
At 31 May 2024 16,680 5,065 90,712
NET BOOK VALUE
At 31 May 2024 218 1,686 119,331
At 31 May 2023 290 2,248 123,027

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 12,521
Other debtors 180,564 179,940
180,564 192,461

EAGLES INN LTD (REGISTERED NUMBER: 06662269)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,448 25,402
Taxation and social security 3,749 21,609
Other creditors 194 106,789
7,391 153,800