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REGISTERED NUMBER: 03790461 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH JUNE 2024

FOR

EATDRINKSLEEP LIMITED

EATDRINKSLEEP LIMITED (REGISTERED NUMBER: 03790461)

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


EATDRINKSLEEP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







Directors: CHS Inkin
ECS Inkin





Secretary: ECS Inkin





Registered office: The Felin Fach Griffin
Felinfach
Brecon
LD3 0UB





Registered number: 03790461 (England and Wales)

EATDRINKSLEEP LIMITED (REGISTERED NUMBER: 03790461)

BALANCE SHEET
30TH JUNE 2024

30.6.24 30.6.23
Notes £ £ £ £
Fixed assets
Tangible assets 4 123,186 149,114

Current assets
Stocks 5 57,769 65,803
Debtors 6 43,975 23,633
Cash at bank and in hand 216,278 249,413
318,022 338,849
Creditors
Amounts falling due within one year 7 1,019,010 895,813
Net current liabilities (700,988 ) (556,964 )
Total assets less current liabilities (577,802 ) (407,850 )

Creditors
Amounts falling due after more than one
year

8

239,026

249,218
Net liabilities (816,828 ) (657,068 )

Capital and reserves
Called up share capital 10 100,100 100,100
Retained earnings (916,928 ) (757,168 )
Shareholders' funds (816,828 ) (657,068 )

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 directors acknowledge their 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.

EATDRINKSLEEP LIMITED (REGISTERED NUMBER: 03790461)

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th March 2025 and were signed on its behalf by:





ECS Inkin - Director


EATDRINKSLEEP LIMITED (REGISTERED NUMBER: 03790461)

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


1. Statutory information

Eatdrinksleep 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 balance sheet at the year end shows net liabilities of £816,828 which includes loans from the directors of £218,751 and other family loans of £40,028. The directors consider that the company is able to meet its obligations as they fall due and confirm that they will continue to support the company. Therefore they consider it appropriate to adopt the going concern basis in preparing these accounts.

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
Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is provided at the following rates in order to write off each asset over its estimated useful life;

Leasehold improvements5% & 15% straight line
Computer equipment 33% straight line
Plant & fixtures 15% straight line

Stocks
Stock has been valued by the directors 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 Statement of Income and Retained Earnings, 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.


EATDRINKSLEEP LIMITED (REGISTERED NUMBER: 03790461)

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

Operating leases
The cost of operating leases is charged to the profit and loss account on a straight line basis over the lease term.

Pension costs & 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.

EATDRINKSLEEP LIMITED (REGISTERED NUMBER: 03790461)

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


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.




EATDRINKSLEEP LIMITED (REGISTERED NUMBER: 03790461)

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


2. Accounting policies - continued

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducing all of its liabilities.
Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

3. Employees (including officers)

The average number of employees during the year was 90 (2023 - 88 ) .

4. Tangible fixed assets
Leasehold Plant &
improvements fixtures Totals
£ £ £
Cost
At 1st July 2023 175,189 281,819 457,008
Additions - 15,130 15,130
Disposals - (36,463 ) (36,463 )
At 30th June 2024 175,189 260,486 435,675
Depreciation
At 1st July 2023 155,243 152,651 307,894
Charge for year 3,093 37,965 41,058
Eliminated on disposal - (36,463 ) (36,463 )
At 30th June 2024 158,336 154,153 312,489
Net book value
At 30th June 2024 16,853 106,333 123,186
At 30th June 2023 19,946 129,168 149,114

EATDRINKSLEEP LIMITED (REGISTERED NUMBER: 03790461)

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


5. Stocks
30.6.24 30.6.23
£ £
Stocks 57,769 65,803

6. Debtors: amounts falling due within one year
30.6.24 30.6.23
£ £
Trade debtors 8,729 9,780
Amounts owed by related undertakings 2,414 -
Other debtors 1,859 3,369
Prepayments 30,973 10,484
43,975 23,633

7. Creditors: amounts falling due within one year
30.6.24 30.6.23
£ £
Bank loans & overdrafts 10,000 10,000
Trade creditors 265,528 221,503
Social security & other taxes 359,102 312,978
Other creditors & accruals 355,629 307,484
Directors' loan accounts 28,751 28,698
Amounts owed to related undertaking - 15,150
1,019,010 895,813

8. Creditors: amounts falling due after more than one year
30.6.24 30.6.23
£ £
Bank loans - one to five years 8,998 18,998
Other loans - one to two years 40,028 40,220
Directors' loan accounts 190,000 190,000
239,026 249,218

EATDRINKSLEEP LIMITED (REGISTERED NUMBER: 03790461)

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


9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£ £
Within one year 100,163 95,400
Between one and five years 175,938 274,800
In more than five years 252,000 294,000
528,101 664,200

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £ £
100,100 Ordinary shares £1 100,100 100,100

11. Contingent liabilities

There were no contingent liabilities at 30th June 2024.

12. Related party disclosures

The following invoices transactions with related parties, on normal commercial terms, took place during the year:

Purchases Sales Debtor balance
£ £ £
Common key management
personnel entities

38,343

£13,780

2,414





The directors

During the year the directors of the company used current accounts with the company to record amounts due to them and amounts drawn by them. At the end of the year the balance was £218,751 (2023: £218,698) of which £190,000 is repayable after more than one year (2023: £190,000).
Interest of £12,513 was charged by the directors on fixed capital only (2023: £14,053).

Interest of £816 was charged by Mrs A Inkin, wife of E Inkin on a loan to the company (2023: £916).