6 false false false false false false false false false false true false false true true true true No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 45,000 36,000 4,500 40,500 4,500 9,000 510 127 383 xbrli:pure xbrli:shares iso4217:GBP 9865818 2023-12-01 2024-11-30 9865818 2024-11-30 9865818 2023-11-30 9865818 2022-12-01 2023-11-30 9865818 2023-11-30 9865818 2022-11-30 9865818 core:NetGoodwill 2023-12-01 2024-11-30 9865818 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 9865818 core:MotorVehicles 2023-12-01 2024-11-30 9865818 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 9865818 bus:Director2 2023-12-01 2024-11-30 9865818 core:NetGoodwill 2023-11-30 9865818 core:NetGoodwill 2024-11-30 9865818 core:LandBuildings 2023-11-30 9865818 core:MotorVehicles 2023-11-30 9865818 core:LandBuildings 2024-11-30 9865818 core:MotorVehicles 2024-11-30 9865818 core:DeferredTaxation 2023-12-01 2024-11-30 9865818 core:WithinOneYear 2024-11-30 9865818 core:WithinOneYear 2023-11-30 9865818 core:UKTax 2023-12-01 2024-11-30 9865818 core:UKTax 2022-12-01 2023-11-30 9865818 core:ShareCapital 2024-11-30 9865818 core:ShareCapital 2023-11-30 9865818 core:RetainedEarningsAccumulatedLosses 2024-11-30 9865818 core:RetainedEarningsAccumulatedLosses 2023-11-30 9865818 core:LandBuildings 2023-12-01 2024-11-30 9865818 core:NetGoodwill 2023-11-30 9865818 core:AcceleratedTaxDepreciationDeferredTax 2024-11-30 9865818 core:AcceleratedTaxDepreciationDeferredTax 2023-11-30 9865818 core:LandBuildings 2023-11-30 9865818 core:MotorVehicles 2023-11-30 9865818 core:DeferredTaxation 2023-11-30 9865818 core:DeferredTaxation 2024-11-30 9865818 bus:SmallEntities 2023-12-01 2024-11-30 9865818 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 9865818 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 9865818 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 9865818 bus:FullAccounts 2023-12-01 2024-11-30 9865818 bus:OrdinaryShareClass1 2024-11-30 9865818 bus:OrdinaryShareClass1 2023-11-30
COMPANY REGISTRATION NUMBER: 9865818
The Hake Inn Limited
Filleted Unaudited Financial Statements
30 November 2024
The Hake Inn Limited
Financial Statements
Year ended 30 November 2024
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 7
The Hake Inn Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
6
4,500
9,000
Tangible assets
7
30,715
32,086
--------
--------
35,215
41,086
Current assets
Stocks
1,713
2,115
Cash at bank and in hand
42,998
43,587
--------
--------
44,711
45,702
Creditors: amounts falling due within one year
8
( 41,941)
( 24,097)
--------
--------
Net current assets
2,770
21,605
--------
--------
Total assets less current liabilities
37,985
62,691
Provisions
Taxation including deferred tax
9
( 383)
( 510)
--------
--------
Net assets
37,602
62,181
--------
--------
Capital and reserves
Called up share capital
11
10
10
Profit and loss account
37,592
62,171
--------
--------
Shareholders funds
37,602
62,181
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
The Hake Inn Limited
Statement of Financial Position (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:
Mrs LJ Llewellin
Director
Company registration number: 9865818
The Hake Inn Limited
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Anchor Ridge, Conduit Lane, Hakin, Milford Haven, Pembrokeshire, SA73 3EF.
2. Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold Property
-
2% straight line
Motor Vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 6 ).
5. Tax on profit
Major components of tax expense
2024
2023
£
£
Current tax:
UK current tax expense
6,143
5,591
Deferred tax:
Origination and reversal of timing differences
( 127)
( 170)
-------
-------
Tax on profit
6,016
5,421
-------
-------
6. Intangible assets
Goodwill
£
Cost
At 1 December 2023 and 30 November 2024
45,000
--------
Amortisation
At 1 December 2023
36,000
Charge for the year
4,500
--------
At 30 November 2024
40,500
--------
Carrying amount
At 30 November 2024
4,500
--------
At 30 November 2023
9,000
--------
7. Tangible assets
Freehold Property
Motor Vehicles
Equipment
Total
£
£
£
£
Cost
At 1 December 2023 and 30 November 2024
35,000
1,950
14,651
51,601
--------
-------
--------
--------
Depreciation
At 1 December 2023
5,600
1,333
12,582
19,515
Charge for the year
700
154
517
1,371
--------
-------
--------
--------
At 30 November 2024
6,300
1,487
13,099
20,886
--------
-------
--------
--------
Carrying amount
At 30 November 2024
28,700
463
1,552
30,715
--------
-------
--------
--------
At 30 November 2023
29,400
617
2,069
32,086
--------
-------
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,965
4,232
Corporation tax
12,105
9,679
Social security and other taxes
8,547
5,571
Other creditors
19,324
4,615
--------
--------
41,941
24,097
--------
--------
9. Provisions
Deferred tax (note 10)
£
At 1 December 2023
510
Additions
( 127)
----
At 30 November 2024
383
----
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions (note 9)
383
510
----
----
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
383
510
----
----
11. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
10
10
10
10
----
----
----
----
12. Related party transactions
During the year the company paid dividends of £45,000 (2023 - £45,000) to Bicton Farms Ltd.
13. Controlling party
The Company is a 100% subsidiary of Bicton Farms Limited, a company registered in England and Wales.