TOBAR INNS LTD

Company Registration Number:
NI630859 (Northern Ireland)

Unaudited abridged accounts for the year ended 29 April 2024

Period of accounts

Start date: 30 April 2023

End date: 29 April 2024

TOBAR INNS LTD

Contents of the Financial Statements

for the Period Ended 29 April 2024

Balance sheet
Notes

TOBAR INNS LTD

Balance sheet

As at 29 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 363,134 330,968
Total fixed assets: 363,134 330,968
Current assets
Stocks: 67,849 61,236
Debtors:   224,154 334,663
Cash at bank and in hand: 436,071 173,897
Total current assets: 728,074 569,796
Creditors: amounts falling due within one year:   (572,479) (667,382)
Net current assets (liabilities): 155,595 (97,586)
Total assets less current liabilities: 518,729 233,382
Creditors: amounts falling due after more than one year:   (172,051) (182,051)
Total net assets (liabilities): 346,678 51,331
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 346,578 51,231
Shareholders funds: 346,678 51,331

The notes form part of these financial statements

TOBAR INNS LTD

Balance sheet statements

For the year ending 29 April 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 April 2025
and signed on behalf of the board by:

Name: Mr L Bannon
Status: Director

The notes form part of these financial statements

TOBAR INNS LTD

Notes to the Financial Statements

for the Period Ended 29 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Long leasehold property - 10% straight line Plant and machinery - 20% straight line Fixtures and fittings - 20% straight line Motor vehicles - 20% straight line Equipment - 20% straight line

TOBAR INNS LTD

Notes to the Financial Statements

for the Period Ended 29 April 2024

2. Employees

2024 2023
Average number of employees during the period 30 28

TOBAR INNS LTD

Notes to the Financial Statements

for the Period Ended 29 April 2024

3. Tangible Assets

Total
Cost £
At 30 April 2023 749,315
Additions 113,359
At 29 April 2024 862,674
Depreciation
At 30 April 2023 418,347
Charge for year 81,193
At 29 April 2024 499,540
Net book value
At 29 April 2024 363,134
At 29 April 2023 330,968