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Company Registration No. 10247350 (England and Wales)
The Forest Inn Dartmoor Ltd Unaudited accounts for the year ended 30 June 2024
The Forest Inn Dartmoor Ltd Unaudited accounts Contents
Page
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The Forest Inn Dartmoor Ltd Company Information for the year ended 30 June 2024
Directors
Mr Mark Wilkinson Mrs Sally Wilkinson
Company Number
10247350 (England and Wales)
Registered Office
Lower Aish Poundsgate Newton Abbot Devon TQ13 7NY
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons) South Devon Accounting Ltd 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
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The Forest Inn Dartmoor Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
959,774 
965,218 
Current assets
Debtors
5,378 
3,111 
Cash at bank and in hand
10,527 
11,341 
15,905 
14,452 
Creditors: amounts falling due within one year
(99,001)
(69,067)
Net current liabilities
(83,096)
(54,615)
Total assets less current liabilities
876,678 
910,603 
Creditors: amounts falling due after more than one year
(302,827)
(312,828)
Provisions for liabilities
Deferred tax
(114,170)
(114,505)
Net assets
459,681 
483,270 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
459,677 
483,266 
Shareholders' funds
459,681 
483,270 
For the year ending 30 June 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by
Mr Mark Wilkinson Director Company Registration No. 10247350
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The Forest Inn Dartmoor Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
The Forest Inn Dartmoor Ltd is a private company, limited by shares, registered in England and Wales, registration number 10247350. The registered office is Lower Aish, Poundsgate, Newton Abbot, Devon, TQ13 7NY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance Basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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The Forest Inn Dartmoor Ltd Notes to the Accounts for the year ended 30 June 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
938,000 
124,191 
1,062,191 
At 30 June 2024
938,000 
124,191 
1,062,191 
Depreciation
At 1 July 2023
- 
96,973 
96,973 
Charge for the year
- 
5,444 
5,444 
At 30 June 2024
- 
102,417 
102,417 
Net book value
At 30 June 2024
938,000 
21,774 
959,774 
At 30 June 2023
938,000 
27,218 
965,218 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
582 
111 
Other debtors
4,796 
3,000 
5,378 
3,111 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
36 
- 
Taxes and social security
132 
- 
Loans from directors
88,083 
58,367 
Accruals
750 
700 
99,001 
69,067 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
302,827 
312,828 
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The Forest Inn Dartmoor Ltd Notes to the Accounts for the year ended 30 June 2024
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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