Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Miss L Jenkins 28/02/2020 Mr J Tarrant-Boyce 19/12/2017 06 August 2025 The principle activity of the Company during the financial year was that of a public house and bar. 11118316 2025-03-31 11118316 bus:Director1 2025-03-31 11118316 bus:Director2 2025-03-31 11118316 2024-03-31 11118316 core:CurrentFinancialInstruments 2025-03-31 11118316 core:CurrentFinancialInstruments 2024-03-31 11118316 core:Non-currentFinancialInstruments 2025-03-31 11118316 core:Non-currentFinancialInstruments 2024-03-31 11118316 core:ShareCapital 2025-03-31 11118316 core:ShareCapital 2024-03-31 11118316 core:RetainedEarningsAccumulatedLosses 2025-03-31 11118316 core:RetainedEarningsAccumulatedLosses 2024-03-31 11118316 core:Goodwill 2024-03-31 11118316 core:Goodwill 2025-03-31 11118316 core:LandBuildings 2024-03-31 11118316 core:PlantMachinery 2024-03-31 11118316 core:LandBuildings 2025-03-31 11118316 core:PlantMachinery 2025-03-31 11118316 bus:OrdinaryShareClass1 2025-03-31 11118316 2024-04-01 2025-03-31 11118316 bus:FilletedAccounts 2024-04-01 2025-03-31 11118316 bus:SmallEntities 2024-04-01 2025-03-31 11118316 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11118316 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11118316 bus:Director1 2024-04-01 2025-03-31 11118316 bus:Director2 2024-04-01 2025-03-31 11118316 core:Goodwill core:TopRangeValue 2024-04-01 2025-03-31 11118316 core:LandBuildings core:TopRangeValue 2024-04-01 2025-03-31 11118316 core:PlantMachinery 2024-04-01 2025-03-31 11118316 2023-04-01 2024-03-31 11118316 core:Goodwill 2024-04-01 2025-03-31 11118316 core:LandBuildings 2024-04-01 2025-03-31 11118316 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 11118316 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 11118316 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11118316 (England and Wales)

TARRANT INNS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

TARRANT INNS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

TARRANT INNS LIMITED

BALANCE SHEET

As at 31 March 2025
TARRANT INNS LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Intangible assets 3 40,140 54,749
Tangible assets 4 649,928 666,092
690,068 720,841
Current assets
Stocks 5,934 5,989
Debtors 5 20,322 23,331
Cash at bank and in hand 38,667 61,326
64,923 90,646
Creditors: amounts falling due within one year 6 ( 213,363) ( 788,354)
Net current liabilities (148,440) (697,708)
Total assets less current liabilities 541,628 23,133
Creditors: amounts falling due after more than one year 7 ( 928,234) ( 346,254)
Net liabilities ( 386,606) ( 323,121)
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account ( 386,706 ) ( 323,221 )
Total shareholder's deficit ( 386,606) ( 323,121)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Tarrant Inns Limited (registered number: 11118316) were approved and authorised for issue by the Board of Directors on 06 August 2025. They were signed on its behalf by:

Miss L Jenkins
Director
TARRANT INNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
TARRANT INNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principle accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tarrant Inns Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Bearslake Inn, Sourton, Okehampton, EX20 4HQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 21 18

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2024 146,000 146,000
At 31 March 2025 146,000 146,000
Accumulated amortisation
At 01 April 2024 91,251 91,251
Charge for the financial year 14,609 14,609
At 31 March 2025 105,860 105,860
Net book value
At 31 March 2025 40,140 40,140
At 31 March 2024 54,749 54,749

4. Tangible assets

Land and buildings Plant and machinery Total
£ £ £
Cost
At 01 April 2024 744,553 30,392 774,945
Additions 0 1,700 1,700
At 31 March 2025 744,553 32,092 776,645
Accumulated depreciation
At 01 April 2024 92,880 15,973 108,853
Charge for the financial year 14,891 2,973 17,864
At 31 March 2025 107,771 18,946 126,717
Net book value
At 31 March 2025 636,782 13,146 649,928
At 31 March 2024 651,673 14,419 666,092

5. Debtors

2025 2024
£ £
Trade debtors 0 149
Other debtors 20,322 23,182
20,322 23,331

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 100,744 97,719
Trade creditors 44,889 49,128
Other taxation and social security 20,393 16,744
Other creditors 47,337 624,763
213,363 788,354

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 318,672 346,254
Other creditors 609,562 0
928,234 346,254

The bank borrowings are secured on the property.

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100