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REGISTERED NUMBER: 03769587 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

THE WOOLPACK INN LIMITED

THE WOOLPACK INN LIMITED (REGISTERED NUMBER: 03769587)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE WOOLPACK INN LIMITED

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: D S Chadwick





SECRETARY: S F S Fox





REGISTERED OFFICE: Lypiatt Park
Bisley
Stroud
Gloucestershire
GL6 7LL





REGISTERED NUMBER: 03769587 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

THE WOOLPACK INN LIMITED (REGISTERED NUMBER: 03769587)

Statement of Financial Position
31 MAY 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 416,432 423,645

CURRENT ASSETS
Stocks 13,650 26,835
Debtors 5 19,772 23,924
Cash at bank and in hand 125,060 135,102
158,482 185,861
CREDITORS
Amounts falling due within one year 6 318,545 385,983
NET CURRENT LIABILITIES (160,063 ) (200,122 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,369

223,523

CREDITORS
Amounts falling due after more than
one year

7

(124,892

)

(174,885

)

PROVISIONS FOR LIABILITIES (33,280 ) (22,894 )
NET ASSETS 98,197 25,744

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Retained earnings 58,197 (14,256 )
SHAREHOLDERS' FUNDS 98,197 25,744

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 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.

THE WOOLPACK INN LIMITED (REGISTERED NUMBER: 03769587)

Statement of Financial Position - 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2025 and were signed by:





D S Chadwick - Director


THE WOOLPACK INN LIMITED (REGISTERED NUMBER: 03769587)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

The Woolpack Inn 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.

The director considers that in preparing the financial statements he has related taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

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.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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 statement of financial position date.


THE WOOLPACK INN LIMITED (REGISTERED NUMBER: 03769587)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 33 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 448,755 32,374 138,488 2,500 622,117
Additions - 3,958 9,405 - 13,363
At 31 May 2024 448,755 36,332 147,893 2,500 635,480
DEPRECIATION
At 1 June 2023 80,084 23,300 93,033 2,055 198,472
Charge for year 8,976 3,258 8,231 111 20,576
At 31 May 2024 89,060 26,558 101,264 2,166 219,048
NET BOOK VALUE
At 31 May 2024 359,695 9,774 46,629 334 416,432
At 31 May 2023 368,671 9,074 45,455 445 423,645

THE WOOLPACK INN LIMITED (REGISTERED NUMBER: 03769587)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 7,352 1,208
Other debtors 12,420 22,716
19,772 23,924

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 20,864 20,217
Trade creditors 56,524 65,554
Amounts owed to group undertakings 8,938 84,574
Taxation and social security 96,582 59,763
Other creditors 135,637 155,875
318,545 385,983

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
as restated
£    £   
Bank loans 124,892 174,885