BrightAccountsProduction v1.0.0 v1.0.0 2023-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the management of a public house and restaurant. 8 March 2025 0 0 4470597 2024-06-30 4470597 2023-06-30 4470597 2022-06-30 4470597 2023-07-01 2024-06-30 4470597 2022-07-01 2023-06-30 4470597 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 4470597 uk-curr:PoundSterling 2023-07-01 2024-06-30 4470597 uk-bus:AbridgedAccounts 2023-07-01 2024-06-30 4470597 uk-core:ShareCapital 2024-06-30 4470597 uk-core:ShareCapital 2023-06-30 4470597 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 4470597 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 4470597 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-06-30 4470597 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 4470597 uk-core:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 4470597 uk-bus:FRS102 2023-07-01 2024-06-30 4470597 uk-core:Goodwill 2023-07-01 2024-06-30 4470597 uk-core:LandBuildings 2023-07-01 2024-06-30 4470597 uk-core:Land 2023-07-01 2024-06-30 4470597 uk-core:PlantMachinery 2023-07-01 2024-06-30 4470597 uk-core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 4470597 uk-core:MotorVehicles 2023-07-01 2024-06-30 4470597 uk-core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 4470597 uk-core:TotalPropertyPlantEquipmentOtherThanExplorationEvaluationAssets 2023-07-01 2024-06-30 4470597 uk-core:TotalPropertyPlantEquipmentOtherThanExplorationEvaluationAssets 2022-07-01 2023-06-30 4470597 uk-core:Goodwill 2023-06-30 4470597 uk-core:Goodwill 2024-06-30 4470597 uk-core:WithinOneYear 2024-06-30 4470597 uk-core:WithinOneYear 2023-06-30 4470597 uk-core:WithinOneYear 2024-06-30 4470597 uk-core:WithinOneYear 2023-06-30 4470597 uk-core:AfterOneYear 2024-06-30 4470597 uk-core:AfterOneYear 2023-06-30 4470597 uk-core:BetweenOneTwoYears 2024-06-30 4470597 uk-core:BetweenOneTwoYears 2023-06-30 4470597 uk-core:BetweenTwoFiveYears 2024-06-30 4470597 uk-core:BetweenTwoFiveYears 2023-06-30 4470597 uk-core:MoreThanFiveYears 2024-06-30 4470597 uk-core:MoreThanFiveYears 2023-06-30 4470597 uk-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 4470597 uk-bus:OrdinaryShareClass1 2024-06-30 4470597 2023-07-01 2024-06-30 4470597 uk-bus:Director1 2023-07-01 2024-06-30 4470597 uk-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 4470597
 
 
THE RADDLE INN LIMITED
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 June 2024
THE RADDLE INN LIMITED
DIRECTOR'S REPORT
for the financial year ended 30 June 2024

 
The director presents his report and the unaudited financial statements for the financial year ended 30 June 2024.
 
Principal Activity
The principal activity of the company is the management of a public house and restaurant.
     
Results and Dividends
The (loss)/profit for the financial year after providing for depreciation and taxation amounted to £(95,784) (2023 - £10,232).
     
Director
The director who served during the financial year is as follows:
     
Peter Wilkinson
   
There were no changes in shareholdings between 30 June 2024 and the date of signing the financial statements.
     
Charitable and political contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of Director's Responsibilities
     
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:
select suitable accounting policies and apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
Peter Wilkinson
Director
     
8 March 2025



THE RADDLE INN LIMITED
ABRIDGED PROFIT AND LOSS ACCOUNT
for the financial year ended 30 June 2024
2024 2023
Notes £ £

Gross profit 545,258 534,853
 
Administrative expenses (776,464) (705,500)
Other operating income 158,231 206,019
───────── ─────────
Operating (loss)/profit 3 (72,975) 35,372
 
Interest payable and similar charges (26,172) (18,124)
───────── ─────────
(Loss)/profit on ordinary activities before taxation (99,147) 17,248
 
Tax on (loss)/profit on ordinary activities 3,363 (7,016)
───────── ─────────
(Loss)/profit for the financial year (95,784) 10,232
───────── ─────────
Total comprehensive income (95,784) 10,232
    ═════════   ═════════



THE RADDLE INN LIMITED
Company Registration Number: 4470597
ABRIDGED BALANCE SHEET
as at 30 June 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 6 1,029,390 1,067,222
───────── ─────────
 
Current Assets
Stocks 15,075 15,204
Debtors 60,488 102,709
Cash and cash equivalents 204,174 87,024
───────── ─────────
279,737 204,937
───────── ─────────
Creditors: amounts falling due within one year 7 (264,519) (216,326)
───────── ─────────
Net Current Assets/(Liabilities) 15,218 (11,389)
───────── ─────────
Total Assets less Current Liabilities 1,044,608 1,055,833
 
Creditors:
amounts falling due after more than one year 8 (515,185) (427,263)
 
Provisions for liabilities (35,387) (38,750)
───────── ─────────
Net Assets 494,036 589,820
═════════ ═════════
 
Capital and Reserves
Called up share capital 9 1 1
Retained earnings 494,035 589,819
───────── ─────────
Equity attributable to owners of the company 494,036 589,820
═════════ ═════════
 
These abridged financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 8 March 2025
           
           
________________________________          
Peter Wilkinson          
Director          
           



THE RADDLE INN LIMITED
RECONCILIATION OF SHAREHOLDERS' FUNDS
as at 30 June 2024

Called up Retained Total
share earnings
capital
£ £ £
 
At 1 July 2022 - 583,568 583,568
───────── ───────── ─────────
Profit for the financial year - 10,232 10,232
───────── ───────── ─────────
Payment of dividends - (3,981) (3,981)
  ───────── ───────── ─────────
At 30 June 2023 1 589,819 589,820
  ───────── ───────── ─────────
Loss for the financial year - (95,784) (95,784)
  ───────── ───────── ─────────
At 30 June 2024 1 494,035 494,036
  ═════════ ═════════ ═════════



THE RADDLE INN LIMITED
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 June 2024

   
1. General Information
 
THE RADDLE INN LIMITED is a company limited by shares incorporated in the United Kingdom
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 June 2024 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Cash flow statement
The company has availed of the exemption in FRS 102 from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 20 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 2% Straight line
  Chalets & Caravans - 5% Straight line
  Plant and machinery - 15% Reducing Balance
  Fixtures, fittings and equipment - 15% Reducing Balance
  Motor vehicles - 25% Reducing Balance
  Computer Equipment - 10% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Abridged Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Abridged Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Operating (loss)/profit 2024 2023
  £ £
Operating (loss)/profit is stated after charging:
Depreciation of tangible assets 60,464 66,695
Loss/(profit) on disposal of tangible assets 20,000 -
  ═════════ ═════════
       
4. Employees
 
The average monthly number of employees, including director, during the financial year was 22, (2023 - 22).
       
5. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 July 2023 15,500 15,500
  ───────── ─────────
 
At 30 June 2024 15,500 15,500
  ───────── ─────────
Amortisation
 
At 30 June 2024 15,500 15,500
  ───────── ─────────
Net book value
At 30 June 2024 - -
  ═════════ ═════════

                   
6. Tangible assets
  Land and Investment Chalets & Plant and Fixtures, Motor Computer Total
  buildings properties Caravans machinery fittings and vehicles Equipment  
  freehold       equipment      
  £ £ £ £ £ £ £ £
Cost
At 1 July 2023 1,074,042 110,000 168,218 42,505 535,305 46,348 8,090 1,984,508
Additions 2,106 - - - 20,373 - 153 22,632
  ───────── ───────── ───────── ───────── ───────── ───────── ───────── ─────────
At 30 June 2024 1,076,148 110,000 168,218 42,505 555,678 46,348 8,243 2,007,140
  ───────── ───────── ───────── ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 July 2023 324,725 - 163,431 22,358 359,177 40,023 7,572 917,286
Charge for the financial year 21,523 - 4,787 3,022 29,475 1,581 76 60,464
  ───────── ───────── ───────── ───────── ───────── ───────── ───────── ─────────
At 30 June 2024 346,248 - 168,218 25,380 388,652 41,604 7,648 977,750
  ───────── ───────── ───────── ───────── ───────── ───────── ───────── ─────────
Net book value
At 30 June 2024 729,900 110,000 - 17,125 167,026 4,744 595 1,029,390
  ═════════ ═════════ ═════════ ═════════ ═════════ ═════════ ═════════ ═════════
At 30 June 2023 749,317 110,000 4,787 20,147 176,128 6,325 518 1,067,222
  ═════════ ═════════ ═════════ ═════════ ═════════ ═════════ ═════════ ═════════

       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank overdrafts 35,700 16,581
Bank loan 79,977 75,977
Trade creditors 30,524 24,081
Taxation 61,230 87,277
Director's current account 56,110 -
Accruals 978 12,410
  ───────── ─────────
  264,519 216,326
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 515,185 427,263
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand 115,677 92,558
Repayable between one and two years 79,977 75,977
Repayable between two and five years 319,908 303,908
Repayable in five years or more 115,300 47,378
  ───────── ─────────
  630,862 519,821
  ═════════ ═════════
 
           
9. Share capital     2024 2023
      £ £
Description Number of shares Value of units    
 
Allotted, called up and fully paid
Ordinary Shares Class 1 1 £1.00 each 1 1
 
      ═════════ ═════════