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REGISTERED NUMBER: 03284098 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Steeple Inns Limited

Steeple Inns Limited (Registered number: 03284098)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Steeple Inns Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr R A Cavner
Mrs P A Cavner





REGISTERED OFFICE: C/o Aws Accountancy 3 Berrymoor
Court Northumberland Business Pk
Cramlington
Northumberland
NE23 7RZ





REGISTERED NUMBER: 03284098 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Steeple Inns Limited (Registered number: 03284098)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 18,023 21,203
Investment property 5 786,421 670,000
804,444 691,203

CURRENT ASSETS
Debtors 6 3,358 16,680
Cash at bank 10,649 8,478
14,007 25,158
CREDITORS
Amounts falling due within one year 7 201,559 6,780
NET CURRENT (LIABILITIES)/ASSETS (187,552 ) 18,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

616,892

709,581

PROVISIONS FOR LIABILITIES 29,813 7,693
NET ASSETS 587,079 701,888

CAPITAL AND RESERVES
Called up share capital 295,998 295,998
Fair value reserve 8 (19,508 ) 40,492
Retained earnings 310,589 365,398
SHAREHOLDERS' FUNDS 587,079 701,888

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Steeple Inns Limited (Registered number: 03284098)

Balance Sheet - continued
31 October 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 26 June 2025 and were signed on its behalf by:





Mr R A Cavner - Director


Steeple Inns Limited (Registered number: 03284098)

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

1. STATUTORY INFORMATION

Steeple Inns 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 15% on reducing balance

The freehold properties are held for investment purposes and the directors consider the cost valuation to be fair.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


Steeple Inns Limited (Registered number: 03284098)

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

2. ACCOUNTING POLICIES - continued
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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 November 2023
and 31 October 2024 276,087
DEPRECIATION
At 1 November 2023 254,884
Charge for year 3,180
At 31 October 2024 258,064
NET BOOK VALUE
At 31 October 2024 18,023
At 31 October 2023 21,203

Steeple Inns Limited (Registered number: 03284098)

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

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 November 2023 670,000
Additions 176,421
Revaluations (60,000 )
At 31 October 2024 786,421
NET BOOK VALUE
At 31 October 2024 786,421
At 31 October 2023 670,000

Fair value at 31 October 2024 is represented by:
£
Valuation in 2020 390,492
Valuation in 2023 (350,000 )
Valuation in 2024 (60,000 )
Cost 805,929
786,421

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Other debtors - 1,593
Corporation tax 3,358 -
Directors' loan accounts - 15,087
3,358 16,680

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Tax 3,696 3,604
Social security and other taxes - 589
Other creditors 3,657 743
Directors' loan accounts 192,526 -
Accrued expenses 1,680 1,844
201,559 6,780

Steeple Inns Limited (Registered number: 03284098)

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

8. RESERVES
Fair value
reserve
£
At 1 November 2023 40,492
Reserve transfer (60,000 )

At 31 October 2024 (19,508 )

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£ £
Mrs P A Cavner
Balance outstanding at start of year 7,543 5,391
Amounts advanced 6,812 7,552
Amounts repaid (115,050 ) (5,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (100,695 ) 7,543

Mr R A Cavner
Balance outstanding at start of year 7,544 5,392
Amounts advanced 15,675 7,552
Amounts repaid (115,050 ) (5,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (91,831 ) 7,544

Steeple Inns Limited

Report of the Accountants to the Directors of
Steeple Inns Limited

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 October 2024 set out on pages one to ten 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.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


26 June 2025