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REGISTERED NUMBER: 11393186 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

FK INNS LTD

FK INNS LTD (REGISTERED NUMBER: 11393186)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FK INNS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTOR: A P Stewart-Jones





REGISTERED OFFICE: 2 Debdale Road
Wellingborough
United Kingdom
NN8 5AA





REGISTERED NUMBER: 11393186 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

FK INNS LTD (REGISTERED NUMBER: 11393186)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,906 105,494

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 52,449 47,920
Cash at bank and in hand 1,889 1,596
55,338 50,516
CREDITORS
Amounts falling due within one year 6 18,036 34,609
NET CURRENT ASSETS 37,302 15,907
TOTAL ASSETS LESS CURRENT LIABILITIES 136,208 121,401

CREDITORS
Amounts falling due after more than one year 7 336,753 294,406
NET LIABILITIES (200,545 ) (173,005 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (200,546 ) (173,006 )
SHAREHOLDERS' FUNDS (200,545 ) (173,005 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

FK INNS LTD (REGISTERED NUMBER: 11393186)

BALANCE SHEET - continued
30TH JUNE 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 13th March 2025 and were signed by:





A P Stewart-Jones - Director


FK INNS LTD (REGISTERED NUMBER: 11393186)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

FK Inns 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.
Fixtures and fittings - 15% on cost
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

FK INNS LTD (REGISTERED NUMBER: 11393186)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st July 2023
and 30th June 2024 80,976 42,548 823 124,347
DEPRECIATION
At 1st July 2023 - 18,465 388 18,853
Charge for year - 6,382 206 6,588
At 30th June 2024 - 24,847 594 25,441
NET BOOK VALUE
At 30th June 2024 80,976 17,701 229 98,906
At 30th June 2023 80,976 24,083 435 105,494

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,280 5,590
Other debtors 51,169 42,330
52,449 47,920

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,719 9,400
Trade creditors 3,716 5,427
Taxation and social security - 13,676
Other creditors 4,601 6,106
18,036 34,609

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,998 18,017
Amounts owed to group undertakings 323,755 276,241
Other creditors - 148
336,753 294,406

FK INNS LTD (REGISTERED NUMBER: 11393186)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary shares 1 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount owing to the director of £3,809 (2023 £3,599)

This Loan is interest free and has no repayment terms.

10. RELATED PARTY DISCLOSURES

Included within group balances over 5 years is a balance owing to FK Restoration Ltd of £323,755 (2023 £276,241).