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REGISTERED NUMBER: 09245377 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 December 2024

for

New Country Inns Limited

New Country Inns Limited (Registered number: 09245377)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


New Country Inns Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: M A Churchill





SECRETARY: Miss R L M Churchill





REGISTERED OFFICE: Moor Park House
Bawtry Rd
Wickersley
Rotherham
S66 2BL





REGISTERED NUMBER: 09245377 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

New Country Inns Limited (Registered number: 09245377)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 142,415 138,647

CURRENT ASSETS
Stocks 5 15,373 14,125
Debtors 6 31,917 59,112
Cash at bank and in hand 96,241 78,420
143,531 151,657
CREDITORS
Amounts falling due within one year 7 233,187 256,583
NET CURRENT LIABILITIES (89,656 ) (104,926 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,759

33,721

CREDITORS
Amounts falling due after more than one
year

8

(24,769

)

(42,015

)

PROVISIONS FOR LIABILITIES (27,215 ) (24,537 )
NET ASSETS/(LIABILITIES) 775 (32,831 )

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 11 771 (32,835 )
SHAREHOLDERS' FUNDS 775 (32,831 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

New Country Inns Limited (Registered number: 09245377)

Balance Sheet - continued
31 December 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 26 February 2025 and were signed by:





M A Churchill - Director


New Country Inns Limited (Registered number: 09245377)

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

1. STATUTORY INFORMATION

New Country Inns 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.

New Country Inns Limited (Registered number: 09245377)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 61 ).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 22,989 267,598 99,191
Additions - 28,525 3,000
At 31 December 2024 22,989 296,123 102,191
DEPRECIATION
At 1 January 2024 13,484 186,124 58,562
Charge for year 950 16,295 8,476
At 31 December 2024 14,434 202,419 67,038
NET BOOK VALUE
At 31 December 2024 8,555 93,704 35,153
At 31 December 2023 9,505 81,474 40,629

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 25,660 3,439 418,877
Additions - - 31,525
At 31 December 2024 25,660 3,439 450,402
DEPRECIATION
At 1 January 2024 19,880 2,180 280,230
Charge for year 1,445 591 27,757
At 31 December 2024 21,325 2,771 307,987
NET BOOK VALUE
At 31 December 2024 4,335 668 142,415
At 31 December 2023 5,780 1,259 138,647

5. STOCKS
2024 2023
£    £   
Stocks 15,373 14,125

New Country Inns Limited (Registered number: 09245377)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,116 -
Everard Deposit Account 7,200 7,200
Other Debtor - 40,000
Directors' current accounts 6,601 10,168
Tax - 1,744
31,917 59,112

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 18,452 89,102
Trade creditors 30,374 39,918
Tax 18,470 -
Social security and other taxes 9,533 8,322
VAT 76,802 95,321
Other Creditors 74,332 20,920
Accrued expenses 5,224 3,000
233,187 256,583

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 24,769 42,015

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 18,452 89,102

Amounts falling due between two and five years:
Bank loans - 2-5 years 24,769 42,015

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary A 1 2 2
2 Ordinary B 1 2 2
4 4

New Country Inns Limited (Registered number: 09245377)

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

11. RESERVES
Retained
earnings
£   

At 1 January 2024 (32,835 )
Profit for the year 63,606
Dividends (30,000 )
At 31 December 2024 771

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.