REGISTERED NUMBER: 09134976 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

THE INN AT FOSSEBRIDGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms D Ludlow

G R Collins

REGISTERED OFFICE:

The Inn At Fossebridge Fosseway

Stow Road

Nr Cheltenham

Gloucestershire

GL54 3JS

REGISTERED NUMBER:

09134976 (England and Wales)

ACCOUNTANTS:

Sage & Co

Chartered Accountants

40 High Street

Northwood

Middlesex

HA6 1BN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

699,294

720,100

699,294

720,100

CURRENT ASSETS

Stocks

1,733

1,562

Debtors

6

9,488

7,690

Cash at bank and in hand

16,835

8,244

28,056

17,496

CREDITORS

Amounts falling due within one year

7

183,271

153,367

NET CURRENT LIABILITIES

(155,215

)

(135,871

)

TOTAL ASSETS LESS CURRENT LIABILITIES

544,079

584,229

CREDITORS

Amounts falling due after more than one year

8

1,153,738

1,057,987

NET LIABILITIES

(609,659

)

(473,758

)

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

(609,661

)

(473,760

)

SHAREHOLDERS' FUNDS

(609,659

)

(473,758

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 19 June 2025 and were signed on its behalf by:

Ms D Ludlow - Director

1.	STATUTORY INFORMATION

The Inn At Fossebridge 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.

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.

At the balance sheet date, the company had an excess of current liabilities over current assets. The directors have reviewed the ongoing cash requirements of the company and as the shareholders have continued to support the business, they consider that it should have the means to settle its liabilities as they fall due for a period of twelve months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on straight line

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

11,000

AMORTISATION

At 1 October 2023

and 30 September 2024

11,000

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 October 2023

and 30 September 2024

694,274

40,000

278,553

1,012,827

DEPRECIATION

At 1 October 2023

64,845

15,435

212,447

292,727

Charge for year

7,205

3,685

9,916

20,806

At 30 September 2024

72,050

19,120

222,363

313,533

NET BOOK VALUE

At 30 September 2024

622,224

20,880

56,190

699,294

At 30 September 2023

629,429

24,565

66,106

720,100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

9,488

4,859

Prepayments and accrued income

-

2,831

9,488

7,690

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,961

10,690

Other loans

109,276

97,001

Trade creditors

23,075

18,937

Social security and other taxes

5,866

2,700

VAT

18,107

14,676

Other creditors

10,816

6,193

Accrued expenses

5,170

3,170

183,271

153,367

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

5,703

10,961

Bank loans - 2-5 years

-

7,652

Other loans - 1-2 years

41,887

41,887

Other loans - 2-5 years

664,697

659,697

Directors' loan accounts

441,451

337,790

1,153,738

1,057,987

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Other loans

574,000

569,000

The other loan is secured by a debenture over the company's assets and a first legal charge over its freehold property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

ORDINARY

£1

2

2