Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302025-05-0916operation of a restaurantfalse2023-10-01false15trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12750538 2023-10-01 2024-09-30 12750538 2022-10-01 2023-09-30 12750538 2024-09-30 12750538 2023-09-30 12750538 2022-10-01 12750538 c:Director1 2023-10-01 2024-09-30 12750538 d:Buildings d:ShortLeaseholdAssets 2023-10-01 2024-09-30 12750538 d:Buildings d:ShortLeaseholdAssets 2024-09-30 12750538 d:Buildings d:ShortLeaseholdAssets 2023-09-30 12750538 d:PlantMachinery 2023-10-01 2024-09-30 12750538 d:PlantMachinery 2024-09-30 12750538 d:PlantMachinery 2023-09-30 12750538 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12750538 d:FurnitureFittings 2023-10-01 2024-09-30 12750538 d:FurnitureFittings 2024-09-30 12750538 d:FurnitureFittings 2023-09-30 12750538 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12750538 d:OfficeEquipment 2023-10-01 2024-09-30 12750538 d:OfficeEquipment 2024-09-30 12750538 d:OfficeEquipment 2023-09-30 12750538 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12750538 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 12750538 d:OtherPropertyPlantEquipment 2024-09-30 12750538 d:OtherPropertyPlantEquipment 2023-09-30 12750538 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12750538 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12750538 d:CurrentFinancialInstruments 2024-09-30 12750538 d:CurrentFinancialInstruments 2023-09-30 12750538 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 12750538 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12750538 d:ShareCapital 2023-10-01 2024-09-30 12750538 d:ShareCapital 2024-09-30 12750538 d:ShareCapital 2022-10-01 2023-09-30 12750538 d:ShareCapital 2023-09-30 12750538 d:ShareCapital 2022-10-01 12750538 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 12750538 d:RetainedEarningsAccumulatedLosses 2024-09-30 12750538 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 12750538 d:RetainedEarningsAccumulatedLosses 2023-09-30 12750538 d:RetainedEarningsAccumulatedLosses 2022-10-01 12750538 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-09-30 12750538 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-09-30 12750538 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 12750538 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 12750538 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 12750538 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 12750538 c:FRS102 2023-10-01 2024-09-30 12750538 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12750538 c:FullAccounts 2023-10-01 2024-09-30 12750538 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12750538 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 12750538









INN THE PARK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
INN THE PARK LIMITED
REGISTERED NUMBER: 12750538

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
17,628
68,920

  
17,628
68,920

Current assets
  

Stocks
  
20,762
31,249

Debtors: amounts falling due within one year
 5 
71,971
86,677

Cash at bank and in hand
 6 
17,204
11,151

  
109,937
129,077

Creditors: amounts falling due within one year
 7 
(122,300)
(126,289)

Net current (liabilities)/assets
  
 
 
(12,363)
 
 
2,788

Total assets less current liabilities
  
5,265
71,708

Provisions for liabilities
  

Deferred tax
 9 
-
(10,513)

  
 
 
-
 
 
(10,513)

Net assets
  
5,265
61,195


Capital and reserves
  

Called up share capital 
  
9,000
9,000

Profit and loss account
  
(3,735)
52,195

  
5,265
61,195


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
INN THE PARK LIMITED
REGISTERED NUMBER: 12750538
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 May 2025.




Mr M.J. Dodd
Director

The notes on pages 5 to 12 form part of these financial statements.

Page 2

 
INN THE PARK LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 October 2023
9,000
52,195
61,195


Comprehensive income for the year

Loss for the year

-
(55,930)
(55,930)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(55,930)
(55,930)


Total transactions with owners
-
-
-


At 30 September 2024
9,000
(3,735)
5,265


The notes on pages 5 to 12 form part of these financial statements.

Page 3

 
INN THE PARK LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 October 2022
9,000
65,842
74,842


Comprehensive income for the year

Loss for the year

-
(13,647)
(13,647)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(13,647)
(13,647)


Total transactions with owners
-
-
-


At 30 September 2023
9,000
52,195
61,195


The notes on pages 5 to 12 form part of these financial statements.

Page 4

 
INN THE PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The entity is a private company limited by shares. The company's Registered Office is located at 199 Romsey Road, Winchester, Hampshire, SO22 5PG. The principal activity during the year was the running of Inn the Park, a restaurant and bar in central Winchester.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 5

 
INN THE PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 6

 
INN THE PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
10 years straight line
Plant and machinery
-
4 years straight line
Fixtures and fittings
-
4 years straight line
Office equipment
-
4 years straight line
Computer equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors 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.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 7

 
INN THE PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Page 8

 
INN THE PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)



3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 16).


4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Other fixed assets

£
£
£
£
£



Cost or valuation


At 1 October 2023
19,408
47,990
149,166
1,885
15,376


Additions
-
543
-
-
-



At 30 September 2024

19,408
48,533
149,166
1,885
15,376



Depreciation


At 1 October 2023
5,820
34,997
107,959
753
15,376


Charge for the year on owned assets
1,940
12,133
37,291
471
-



At 30 September 2024

7,760
47,130
145,250
1,224
15,376



Net book value



At 30 September 2024
11,648
1,403
3,916
661
-



At 30 September 2023
13,588
12,993
41,207
1,132
-
Page 9

 
INN THE PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 October 2023
233,825


Additions
543



At 30 September 2024

234,368



Depreciation


At 1 October 2023
164,905


Charge for the year on owned assets
51,835



At 30 September 2024

216,740



Net book value



At 30 September 2024
17,628



At 30 September 2023
68,920


5.


Debtors

2024
2023
£
£


Trade debtors
9,185
21,768

Other debtors
43,803
47,448

Prepayments and accrued income
17,764
17,461

Deferred taxation
1,219
-

71,971
86,677


Page 10

 
INN THE PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
17,204
11,151

17,204
11,151



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
78,156
70,837

Corporation tax
-
755

Other taxation and social security
28,040
39,263

Other creditors
13,027
10,388

Accruals and deferred income
3,077
5,046

122,300
126,289



8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
17,204
11,151




Financial assets measured at fair value through profit or loss comprise cash at bank.


9.


Deferred taxation




2024


£






At beginning of year
(10,513)


Utilised in year
11,732



At end of year
1,219

Page 11

 
INN THE PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
 
9.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,136)
(10,513)

Tax losses carried forward
2,355
-

1,219
(10,513)


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held 
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £5,919 (2023 £8,285). Contributions totalling £886 (2023 £1,462) were payable to the fund at the balance sheet date and are included in other creditors.
 


11.


Related party transactions

The company was owed £Nil (2023 £2,643) by Chesil Rectory Limited and owed £1,587 (2023 £Nil) to Dodzilla Limited. During the year the company charged management fees of £32,146 to Chesil Rectory Limited and £24,600 to Dodzilla Limited, and was charged management fees of £6,388 (2023 £12,730) by Chesil Rectory Limited. Both of those companies are under the same common control as Inn the Park Limited.
 


12.


Controlling party

The company was owned jointly by the director and his wife during the period. 

 
Page 12