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REGISTERED NUMBER: 07054581 (England and Wales)















TIVOLI INNS LIMITED

Unaudited Financial Statements

for the Year Ended 31 October 2024






TIVOLI INNS LIMITED (REGISTERED NUMBER: 07054581)






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


TIVOLI INNS LIMITED

Company Information
for the year ended 31 October 2024







DIRECTORS: P M Pioli
T E Stringer





SECRETARY: Mrs H R Pioli





REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: 07054581 (England and Wales)






TIVOLI INNS LIMITED (REGISTERED NUMBER: 07054581)

Balance Sheet
31 October 2024

31/10/24 31/10/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 71,236 46,724
Investments 5 1 1
71,237 46,725

CURRENT ASSETS
Stocks 19,582 21,967
Debtors 6 55,541 36,879
Cash at bank 358,257 303,536
433,380 362,382
CREDITORS
Amounts falling due within one year 7 313,347 328,462
NET CURRENT ASSETS 120,033 33,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,270

80,645

CREDITORS
Amounts falling due after more than one year 8 (7,500 ) (17,500 )

PROVISIONS FOR LIABILITIES (17,809 ) (11,681 )
NET ASSETS 165,961 51,464

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 164,961 50,464
SHAREHOLDERS' FUNDS 165,961 51,464

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.

TIVOLI INNS LIMITED (REGISTERED NUMBER: 07054581)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by:




P M Pioli - Director



T E Stringer - Director


TIVOLI INNS LIMITED (REGISTERED NUMBER: 07054581)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Tivoli 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Tivoli Inns Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents sales stated exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - at varying rates on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 18 (2023 - 19 ) .

TIVOLI INNS LIMITED (REGISTERED NUMBER: 07054581)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 144,348 170,893 315,241
Additions - 43,696 43,696
Disposals - (302 ) (302 )
Reclassification/transfer (51,327 ) 51,327 -
At 31 October 2024 93,021 265,614 358,635
DEPRECIATION
At 1 November 2023 116,740 151,777 268,517
Charge for year 4,688 14,496 19,184
Eliminated on disposal - (302 ) (302 )
Reclassification/transfer (51,327 ) 51,327 -
At 31 October 2024 70,101 217,298 287,399
NET BOOK VALUE
At 31 October 2024 22,920 48,316 71,236
At 31 October 2023 27,608 19,116 46,724

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023
and 31 October 2024 1
NET BOOK VALUE
At 31 October 2024 1
At 31 October 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 17,978 -
Amounts owed by group undertakings 2,346 2,253
Other debtors 35,217 34,626
55,541 36,879

TIVOLI INNS LIMITED (REGISTERED NUMBER: 07054581)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 79,556 81,635
Taxation and social security 145,709 172,603
Other creditors 78,082 64,224
313,347 328,462

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans 7,500 17,500

9. OTHER FINANCIAL COMMITMENTS

As at the balance sheet date, the company had total future minimum lease payments under non cancellable operating leases amounting to £614,700.

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the Directors.