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REGISTERED NUMBER: 05242740 (England and Wales)









Financial Statements

for the Year Ended 30 April 2024

for

Boudica Inns Limited

Boudica Inns Limited (Registered number: 05242740)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Boudica Inns Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M L Dorber
Mrs S Dorber





SECRETARY: M L Dorber





REGISTERED OFFICE: c/o Parker Cavendish, Suite 301,
Stanmore Business and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW





REGISTERED NUMBER: 05242740 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
Suite 301
Stanmore Business and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW

Boudica Inns Limited (Registered number: 05242740)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 1,904,884 1,135,732

CURRENT ASSETS
Inventories 85,907 59,307
Debtors 5 13,018 25,610
Cash at bank and in hand 9,529 367,457
108,454 452,374
CREDITORS
Amounts falling due within one year 6 (945,616 ) (623,586 )
NET CURRENT LIABILITIES (837,162 ) (171,212 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,067,722

964,520

CREDITORS
Amounts falling due after more than one
year

7

(69,091

)

(112,727

)

PROVISIONS FOR LIABILITIES (21,216 ) (19,039 )
NET ASSETS 977,415 832,754

CAPITAL AND RESERVES
Called up share capital 200,100 200,100
Retained earnings 777,315 632,654
SHAREHOLDERS' FUNDS 977,415 832,754

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

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

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 Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





M L Dorber - Director


Boudica Inns Limited (Registered number: 05242740)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Boudica Inns 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue 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.
Short leasehold - straight line over the life of the lease
Fixtures, fittings & equipment - 25% on reducing balance
Computer equipment - 33.33% on cost

Stocks
Inventories 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.

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.

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 26 (2023 - 26 ) .

Boudica Inns Limited (Registered number: 05242740)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 1,564,046 623,823 2,187,869
Additions 673,864 171,358 845,222
At 30 April 2024 2,237,910 795,181 3,033,091
DEPRECIATION
At 1 May 2023 513,472 538,665 1,052,137
Charge for year 29,639 46,431 76,070
At 30 April 2024 543,111 585,096 1,128,207
NET BOOK VALUE
At 30 April 2024 1,694,799 210,085 1,904,884
At 30 April 2023 1,050,574 85,158 1,135,732

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 13,018 25,610

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 63,285 43,636
Trade creditors 122,319 345,426
Corporation tax 24,063 43,524
Social security & other taxes 46,080 7,568
Other creditors 16,900 -
Directors' current accounts 534,666 67,036
Accruals & deferred income 138,303 116,396
945,616 623,586

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2-5 years 69,091 112,727

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 112,727 156,363

The bank loan has been secured by a Debenture in favour of the company's bankers.