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REGISTERED NUMBER: 14729853 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

The Zetland Arms Ltd

The Zetland Arms Ltd (Registered number: 14729853)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

The Zetland Arms Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: C Hicks
A H Bagner





REGISTERED OFFICE: 4 Royal Buildings
The Strand
Walmer
Deal
Kent





REGISTERED NUMBER: 14729853 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

The Zetland Arms Ltd (Registered number: 14729853)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 17,494 21,723

CURRENT ASSETS
Stocks 5 8,750 8,750
Debtors 6 97,616 53,619
Cash at bank and in hand 45,975 87,059
152,341 149,428
CREDITORS
Amounts falling due within one year 7 89,629 143,842
NET CURRENT ASSETS 62,712 5,586
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,206

27,309

PROVISIONS FOR LIABILITIES 4,127 5,757
NET ASSETS 76,079 21,552

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 75,979 21,452
76,079 21,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Zetland Arms Ltd (Registered number: 14729853)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:




C Hicks - Director



A H Bagner - Director


The Zetland Arms Ltd (Registered number: 14729853)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

The Zetland Arms Ltd 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks 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 balance sheet date.

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.

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.

The Zetland Arms Ltd (Registered number: 14729853)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 14,419 9,931 1,368 25,718
Additions 144 - - 144
At 31 December 2024 14,563 9,931 1,368 25,862
DEPRECIATION
At 1 January 2024 2,163 1,490 342 3,995
Charge for year 2,480 1,688 205 4,373
At 31 December 2024 4,643 3,178 547 8,368
NET BOOK VALUE
At 31 December 2024 9,920 6,753 821 17,494
At 31 December 2023 12,256 8,441 1,026 21,723

5. STOCKS
2024 2023
£    £   
Stocks 8,750 8,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,319 530
The Rose Hotel 36,822 27,454
The Pelican 57,915 25,002
Prepayments 1,560 633
97,616 53,619

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 38,616 61,603
Tax 19,042 1,500
Social security and other taxes 2,166 17,477
VAT 20,193 21,011
Pensions payable 182 494
Square tips 1,458 1,473
Directors' current accounts 1,888 37,284
Accruals and deferred income 6,084 3,000
89,629 143,842

The Zetland Arms Ltd (Registered number: 14729853)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. RESERVES
Retained
earnings
£   

At 1 January 2024 21,452
Profit for the year 54,527
At 31 December 2024 75,979

The Zetland Arms Ltd

Report of the Accountants to the Directors of
The Zetland Arms Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB


Date: .............................................