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REGISTERED NUMBER: 03183819
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025

FOR

THE BRITANNIA INN (ELTERWATER) LIMITED

THE BRITANNIA INN (ELTERWATER) LIMITED (REGISTERED NUMBER: 03183819)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28th February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE BRITANNIA INN (ELTERWATER) LIMITED

COMPANY INFORMATION
for the Year Ended 28th February 2025







DIRECTORS: Mr P.A. Fry
Miss C Woodhead
Mr A Parker





SECRETARY: Mr P.A. Fry





REGISTERED OFFICE: The Britannia Inn
Elterwater
Ambleside
Cumbria
LA22 9HP





REGISTERED NUMBER: 03183819





ACCOUNTANTS: DCB Accountants Limited
Compton House
104 Scotland Road
Penrith
Cumbria
CA11 7NR

THE BRITANNIA INN (ELTERWATER) LIMITED (REGISTERED NUMBER: 03183819)

BALANCE SHEET
28th February 2025

28.2.25 29.2.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 934,542 991,703

CURRENT ASSETS
Stocks 5 15,992 16,472
Debtors 6 8,400 -
Cash at bank and in hand 98,688 234,345
123,080 250,817
CREDITORS
Amounts falling due within one year 7 424,310 350,853
NET CURRENT LIABILITIES (301,230 ) (100,036 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

633,312

891,667

CREDITORS
Amounts falling due after more than one
year

8

(287,200

)

(326,136

)

PROVISIONS FOR LIABILITIES 9 (20,770 ) (28,676 )
NET ASSETS 325,342 536,855

CAPITAL AND RESERVES
Called up share capital 10 3,100 3,100
Retained earnings 11 322,242 533,755
SHAREHOLDERS' FUNDS 325,342 536,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 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 BRITANNIA INN (ELTERWATER) LIMITED (REGISTERED NUMBER: 03183819)

BALANCE SHEET - continued
28th February 2025


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 10th April 2025 and were signed on its behalf by:





Mr P.A. Fry - Director


THE BRITANNIA INN (ELTERWATER) LIMITED (REGISTERED NUMBER: 03183819)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28th February 2025

1. STATUTORY INFORMATION

The Britannia Inn (Elterwater) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 24 ) .

THE BRITANNIA INN (ELTERWATER) LIMITED (REGISTERED NUMBER: 03183819)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28th February 2025

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
COST
At 1st March 2024 778,439 283,234 349,304 93,300 1,504,277
Additions - - 11,611 - 11,611
Disposals - - - (47,035 ) (47,035 )
At 28th February 2025 778,439 283,234 360,915 46,265 1,468,853
DEPRECIATION
At 1st March 2024 138,532 50,447 284,837 38,758 512,574
Charge for year 15,569 5,665 19,020 8,675 48,929
Eliminated on disposal - - - (27,192 ) (27,192 )
At 28th February 2025 154,101 56,112 303,857 20,241 534,311
NET BOOK VALUE
At 28th February 2025 624,338 227,122 57,058 26,024 934,542
At 29th February 2024 639,907 232,787 64,467 54,542 991,703

5. STOCKS
28.2.25 29.2.24
£    £   
Closing stock 15,992 16,472

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 8,400 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Hire purchase contracts 25,423 49,222
Trade creditors 40,868 24,744
Tax 53,262 85,270
Social security and other taxes 7,892 6,710
VAT 34,609 26,694
Directors' current accounts 186,921 151,921
Accrued expenses 75,335 6,292
424,310 350,853

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.25 29.2.24
£    £   
Mortgage - Grubbins 287,200 326,136

THE BRITANNIA INN (ELTERWATER) LIMITED (REGISTERED NUMBER: 03183819)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28th February 2025

9. PROVISIONS FOR LIABILITIES
28.2.25 29.2.24
£    £   
Deferred tax
Accelerated capital allowances 20,770 28,676

Deferred
tax
£   
Balance at 1st March 2024 28,676
Utilised during year (7,906 )
Balance at 28th February 2025 20,770

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.25 29.2.24
value: £    £   
1,000 Ordinary £1 3,000 3,000
100 Ordinary "B" £1 100 100
3,100 3,100

11. RESERVES
Retained
earnings
£   

At 1st March 2024 533,755
Profit for the year 116,387
Dividends (327,900 )
At 28th February 2025 322,242