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Financial Statements |
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Contents |
Page |
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Officers and professional advisers |
1 |
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Strategic report |
2 |
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Directors' report |
4 |
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Independent auditor's report to the members |
6 |
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Statement of comprehensive income |
10 |
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Statement of financial position |
11 |
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Statement of changes in equity |
12 |
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Statement of cash flows |
13 |
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Notes to the financial statements |
14 |
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Officers and Professional Advisers |
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The board of directors |
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Registered office |
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England |
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Auditor |
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Chartered Certified accountants & statutory auditor |
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264 Banbury Road |
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Oxford |
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Oxfordshire |
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OX2 7DY |
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Strategic Report |
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Director |
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Registered office: |
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England |
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Directors' Report |
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Ms P Brown
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Director |
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Registered office: |
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England |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
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For and on behalf of |
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Chartered Certified accountants & statutory auditor |
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264 Banbury Road |
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Oxford |
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Oxfordshire |
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OX2 7DY |
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Statement of Comprehensive Income |
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2024 |
2023 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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------------ |
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Gross profit |
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Administrative expenses |
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Operating profit |
5 |
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Other interest receivable and similar income |
10 |
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Interest payable and similar expenses |
11 |
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Profit before taxation |
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Tax on profit |
12 |
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-------- |
--------- |
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(Loss)/profit for the financial year |
(
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-------- |
--------- |
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Revaluation of tangible assets |
– |
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Tax relating to components of other comprehensive income |
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(
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-------- |
------------ |
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Other comprehensive income for the year |
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-------- |
------------ |
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Total comprehensive income for the year |
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-------- |
------------ |
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Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
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Intangible assets |
13 |
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Tangible assets |
14 |
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Stocks |
15 |
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Debtors |
16 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
17 |
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Net current assets/(liabilities) |
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(
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
18 |
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Provisions |
19 |
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Net assets |
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Called up share capital |
22 |
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Revaluation reserve |
23 |
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Profit and loss account |
23 |
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Shareholders funds |
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Director |
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Statement of Changes in Equity |
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Called up share capital |
Revaluation reserve |
Profit and loss account |
Total |
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Note |
£ |
£ |
£ |
£ |
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At 1 October 2022 |
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Profit for the year |
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Other comprehensive income for the year: |
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Revaluation of tangible assets |
14 |
– |
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– |
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Tax relating to components of other comprehensive income |
12 |
– |
(
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– |
(
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---- |
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Total comprehensive income for the year |
– |
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At 30 September 2023 |
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Loss for the year |
(
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(
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Other comprehensive income for the year: |
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Tax relating to components of other comprehensive income |
12 |
– |
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– |
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Total comprehensive income for the year |
– |
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(
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---- |
------------ |
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At 30 September 2024 |
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---- |
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Statement of Cash Flows |
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2024 |
2023 |
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£ |
£ |
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(Loss)/profit for the financial year |
(
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Adjustments for: |
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Depreciation of tangible assets |
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Amortisation of intangible assets |
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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
174,495 |
119,077 |
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Gains on disposal of tangible assets |
(
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– |
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Tax on profit |
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Changes in: |
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Stocks |
(
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Trade and other debtors |
(
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(
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Trade and other creditors |
(
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--------- |
--------- |
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Cash generated from operations |
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Interest paid |
(
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(
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Interest received |
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Tax (paid)/received |
(
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--------- |
--------- |
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Net cash from operating activities |
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--------- |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
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– |
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--------- |
--------- |
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Net cash used in investing activities |
(
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(
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--------- |
--------- |
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Bank loans repaid |
(
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(
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Bank loans advanced |
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– |
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Repayment of loans from group undertakings |
(
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(
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------------ |
--------- |
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Net cash from/(used in) financing activities |
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(
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------------ |
--------- |
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Net increase/(decrease) in cash and cash equivalents |
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(
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Cash and cash equivalents at beginning of year |
830,118 |
1,179,709 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
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Website costs |
- |
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| The Hotel, The Pilchard (pub) and The Beach House - Not depreciated | |
| Plant and machinery - Straight line at variable rates | |
| Motor vehicles - Straight line at variable rates | |
| Equipment - Straight line at variable rates | |
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2024 |
2023 |
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£ |
£ |
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Rendering of services |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Amortisation of intangible assets |
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Depreciation of tangible assets |
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Gains on disposal of tangible assets |
(
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– |
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Operating lease rentals |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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-------- |
-------- |
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2024 |
2023 |
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No. |
No. |
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Number of directors |
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Operational activities |
44
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57
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Drivers and Estates |
9
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– |
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Administration and support |
4
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6
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Management |
15
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7
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---- |
---- |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Wages and salaries |
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Social security costs |
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Other pension costs |
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------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Remuneration |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Interest on loans and receivables |
2,348 |
2,311 |
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------- |
------- |
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2024 |
2023 |
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£ |
£ |
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Interest on bank loans, overdrafts and intercompany balances |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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UK current tax expense |
– |
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Adjustments in respect of prior periods |
(
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(
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---- |
-------- |
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Total current tax |
(
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---- |
-------- |
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Origination and reversal of timing differences |
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-------- |
-------- |
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Tax on profit |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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-------- |
--------- |
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Profit on ordinary activities by rate of tax |
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Adjustment to tax charge in respect of prior periods |
(
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(
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Effect of capital allowances and depreciation |
(
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(
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Utilisation of tax losses |
– |
(
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Unused tax losses |
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– |
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Effect of deferred tax |
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-------- |
--------- |
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Tax on profit |
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-------- |
--------- |
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Website costs |
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£ |
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Cost |
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At 1 October 2023 and 30 September 2024 |
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-------- |
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Amortisation |
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At 1 October 2023 |
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Charge for the year |
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-------- |
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At 30 September 2024 |
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-------- |
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Carrying amount |
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At 30 September 2024 |
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-------- |
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At 30 September 2023 |
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-------- |
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The Hotel, The Pilchard (pub) and The Beach House |
Plant and machinery |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost or valuation |
|||||
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At 1 October 2023 |
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Additions |
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– |
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Disposals |
– |
(
|
(
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– |
(
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------------- |
------------ |
--------- |
------------ |
------------- |
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At 30 September 2024 |
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------------- |
------------ |
--------- |
------------ |
------------- |
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Depreciation |
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At 1 October 2023 |
– |
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Charge for the year |
– |
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Disposals |
– |
(
|
(
|
– |
(
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------------- |
------------ |
--------- |
------------ |
------------- |
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At 30 September 2024 |
– |
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------------- |
------------ |
--------- |
------------ |
------------- |
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Carrying amount |
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At 30 September 2024 |
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------------- |
------------ |
--------- |
------------ |
------------- |
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At 30 September 2023 |
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------------- |
------------ |
--------- |
------------ |
------------- |
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| Total | ||
| £ | ||
| Valuation in 2004 | 578,622 | |
| Valuation in 2006 | 1,098,469 | |
| Valuation in 2010 | 2,196,354 | |
| Valuation in 2018 | 786,613 | |
| Valuation in 2020 | 468,572 | |
| Valuation in 2023 | 2,425,728 | |
| Cost pre 2024 | 4,410,585 | |
| ------------- | ||
| Cost or valuation as at 30.09.2023 | 11,964,943 | |
| Cost in 2024 | 367,783 | |
| ------------- | ||
| Cost or valuation as at 30.09.2024 | 12,332,726 | |
| ------------- | ||
|
2024 |
2023 |
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|
£ |
£ |
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Raw materials and consumables |
|
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-------- |
-------- |
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2024 |
2023 |
|
|
£ |
£ |
|
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Trade debtors |
|
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Amounts owed by group undertakings |
|
– |
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Prepayments and accrued income |
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Other debtors |
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------------ |
--------- |
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------------ |
--------- |
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2024 |
2023 |
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|
£ |
£ |
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Bank loans and overdrafts |
– |
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Trade creditors |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Corporation tax |
– |
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Social security and other taxes |
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Other creditors |
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------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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------------ |
-------- |
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Deferred tax (note 20) |
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|
£ |
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At 1 October 2023 |
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Additions |
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Charge against provision |
(
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------------ |
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At 30 September 2024 |
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|
------------ |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 19) |
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------------ |
------------ |
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2024 |
2023 |
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|
£ |
£ |
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Accelerated capital allowances |
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Revaluation of tangible assets |
|
|
|
------------ |
------------ |
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|
1,694,617 |
1,718,877 |
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------------ |
------------ |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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|
4 |
|
4 |
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---- |
---- |
---- |
---- |
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At 1 Oct 2023 |
Cash flows |
At 30 Sep 2024 |
|
|
£ |
£ |
£ |
|
|
Cash at bank and in hand |
|
33,706 |
|
|
Debt due within one year |
(3,283,215) |
3,281,315 |
(1,900) |
|
Debt due after one year |
(72,500) |
(5,282,500) |
(5,355,000) |
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------------ |
------------ |
------------ |
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(
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(
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(
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------------ |
------------ |
------------ |
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2024 |
2023 |
|
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£ |
£ |
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Not later than 1 year |
|
– |
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Later than 1 year and not later than 5 years |
|
– |
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Later than 5 years |
|
– |
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------------ |
---- |
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– |
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------------ |
---- |
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Notes to the Financial Statements (continued) |