2023-10-012024-08-312024-08-31false12919782The Martlet Inn 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The Martlet Inn Ltd

Registered Number
12919782
(England and Wales)

Unaudited Financial Statements for the Period ended
31 August 2024

The Martlet Inn Ltd
Company Information
for the period from 1 October 2023 to 31 August 2024

Directors

Camilla Jane Coward
Jonathan Michael Coward

Registered Address

14 Church Street
Wiveliscombe
Taunton
TA4 2LR

Registered Number

12919782 (England and Wales)
The Martlet Inn Ltd
Statement of Financial Position
31 August 2024

Notes

31 Aug 2024

30 Sep 2023

£

£

£

£

Fixed assets
Intangible assets37331,100
Tangible assets419,86222,182
20,59523,282
Current assets
Debtors62,38560,874
Cash at bank and on hand17,60590,586
79,990151,460
Creditors amounts falling due within one year(61,279)(91,362)
Net current assets (liabilities)18,71160,098
Total assets less current liabilities39,30683,380
Creditors amounts falling due after one year-(36,078)
Net assets39,30647,302
Capital and reserves
Profit and loss account39,30647,302
Shareholders' funds39,30647,302
The financial statements were approved and authorised for issue by the Board of Directors on 31 May 2025, and are signed on its behalf by:
Camilla Jane Coward
Director
Registered Company No. 12919782
The Martlet Inn Ltd
Notes to the Financial Statements
for the period ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are recorded as a long-term asset and amortize the asset over its useful life, along with regular impairment reviews.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year1814
3.Intangible assets
Website which is used to generate revenue via the booking system for accommodation

Total

£
Cost or valuation
At 01 October 232,000
At 31 August 242,000
Amortisation and impairment
At 01 October 23900
Charge for year367
At 31 August 241,267
Net book value
At 31 August 24733
At 30 September 231,100
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 October 2332,628
Additions974
At 31 August 2433,602
Depreciation and impairment
At 01 October 2310,446
Charge for year3,294
At 31 August 2413,740
Net book value
At 31 August 2419,862
At 30 September 2322,182