Registered number
15204035
Maxey Inns Ltd
Filleted Accounts
For the Period 11 October 2023
to 31 October 2024
Maxey Inns Ltd
Company Information
Directors
Mr M R Thompson
Miss H E Robson (appointed 16 September 2024)
Accountants
Bird & Co
183 Main Street
Yaxley
Peterborough
Cambs
PE7 3LD
Registered office
Bluebell Inn
Shepherds Walk
Stamford
Rutland
PE9 4JG
Registered number
15204035
Maxey Inns Ltd
Registered number: 15204035
Balance Sheet
as at 31 October 2024
Notes 2024
£
Fixed assets
Tangible assets 3 10,856
Current assets
Stocks 3,000
Debtors 4 5,000
Cash at bank and in hand 5,439
13,439
Creditors: amounts falling due within one year 5 (15,197)
Net current liabilities (1,758)
Net assets 9,098
Capital and reserves
Called up share capital 1
Profit and loss account 9,097
Shareholder's funds 9,098
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M R Thompson
Director
Approved by the board on 12 June 2025
Maxey Inns Ltd
Notes to the Accounts
for the period from 11 October 2023 to 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 11,083
At 31 October 2024 11,083
Depreciation
Charge for the period 227
At 31 October 2024 227
Net book value
At 31 October 2024 10,856
4 Debtors 2024
£
Other debtors 5,000
5 Creditors: amounts falling due within one year 2024
£
Trade creditors 6,845
Taxation and social security costs 6,306
Other creditors 2,046
15,197
6 Other information
Maxey Inns Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Bluebell Inn
Shepherds Walk
Stamford
Rutland
PE9 4JG
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