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REGISTERED NUMBER: 03413043 (England and Wales)





















Strategic Report,

Report of the Directors and

Financial Statements

for the Period

27 November 2023 to 1 December 2024

for

Deben Inns Limited

Deben Inns Limited (Registered number: 03413043)






Contents of the Financial Statements
for the Period 27 November 2023 to 1 December 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Statement of Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 15


Deben Inns Limited

Company Information
for the Period 27 November 2023 to 1 December 2024







DIRECTORS: S P Lomas
L J Lomas
S E Lomas



REGISTERED OFFICE: The Maybush Inn
Cliff Road
Waldringfield
Woodbridge
Suffolk
IP12 4QL



REGISTERED NUMBER: 03413043 (England and Wales)



SENIOR STATUTORY AUDITOR: Neville Newman



AUDITORS: Harris & Trotter LLP
101 New Cavendish Street
1st Floor South
London
W1W 6XH

Deben Inns Limited (Registered number: 03413043)

Strategic Report
for the Period 27 November 2023 to 1 December 2024

Deben Inns Ltd is a well-established, family-run hospitality group operating a collection of pubs and inns across Suffolk.

The company has built a strong reputation for quality food, drink, and service in welcoming environments that celebrate the character of each location.

Our pubs attract a broad customer base from local residents, visitors to the region, and the wider Suffolk community.

The business continues to focus on delivering high-quality hospitality experiences, investing in people, sites, and systems to support sustainable long-term growth.

REVIEW OF BUSINESS
During the year, Deben Inns delivered another period of solid performance despite the challenging trading environment for the hospitality sector.

Turnover increased by 8% year-on-year, driven by continued focus on customer service, strong menu development, and seasonal marketing campaigns across our pubs.

The company has continued to invest in its estate, refurbishing and maintaining its pubs to ensure they remain attractive destinations for customers.

We also invested in staff training and retention, supporting our 200+ strong workforce across seven sites.

Margins were affected by sector-wide cost pressures including wage inflation, utility price increases, and higher food costs.

Nevertheless, the group remained profitable, with a positive cash position and strong asset base.

Future growth is expected to come from both organic improvements in trading and potential new site opportunities where appropriate.

PRINCIPAL RISKS AND UNCERTAINTIES
The hospitality sector faces a number of risks and uncertainties which the company actively monitors and manages:

- Economic and cost pressures - Inflation in wages, food, and energy costs remains a challenge. The company manages this through careful supplier negotiations, menu pricing strategies, and operational efficiencies.

- Regulatory environment - Changes in licensing, employment law, or taxation can impact operations. We remain engaged with industry bodies and advisers to anticipate and adapt to such changes.

- Consumer confidence - Trading is influenced by discretionary consumer spending. We mitigate this risk by offering good value, consistent quality, and a diverse menu to appeal to a wide demographic.

- Recruitment and retention - Hospitality continues to face staffing shortages. Our strategy is to focus on being an attractive local employer, investing in training and providing clear career development opportunities.


Deben Inns Limited (Registered number: 03413043)

Strategic Report
for the Period 27 November 2023 to 1 December 2024

KEY PERFORMANCE INDICATORS
The directors use a range of financial and non-financial KPIs to monitor performance and inform decision-making. The most significant KPIs are:

- Turnover growth - 8% increase year-on-year.

- Gross profit margin - Maintained at approximately 70% on food sales and 55% on wet sales.

- Wages as a % of turnover - 39% in the year (prior year: 41%), reflecting ongoing recruitment and retention challenges in the sector but an improved position to the prior year.

- Customer feedback - Continued strong ratings across review platforms and social media, underpinning repeat trade and brand reputation.

- Employee retention - Improved through investment in training and recognition programmes.

FUTURE PROSPECTS
The directors remain confident in the resilience of the business. Deben Inns has a strong brand in Suffolk, a loyal customer base, and a well-maintained estate of pubs.

While the external trading environment remains challenging, opportunities exist for further growth through strategic investment in existing sites, digital marketing initiatives, and careful expansion where appropriate.

Approved by the Board of Directors

ON BEHALF OF THE BOARD:





S P Lomas - Director


29 August 2025

Deben Inns Limited (Registered number: 03413043)

Report of the Directors
for the Period 27 November 2023 to 1 December 2024

The directors present their report with the financial statements of the company for the period 27 November 2023 to 1 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the period under review was that of innkeepers and restaurateurs.

DIVIDENDS
Interim dividends per share were paid as follows:
£2,000 - 31 December 2023
£2,500 - 6 April 2024
£500 - 31 August 2024
5,000

The directors recommend that no final dividend be paid.

The total distribution of dividends for the period ended 1 December 2024 will be £ 500,000 .

DIRECTORS
The directors during the period under review were:

S P Lomas
L J Lomas
S E Lomas

The beneficial interests of the directors holding office on 1 December 2024 in the issued share capital of the company were as follows:
1.12.24 27.11.23
Ordinary £1 shares

S P Lomas 50 50
L J Lomas 40 40
S E Lomas 10 10

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Deben Inns Limited (Registered number: 03413043)

Report of the Directors
for the Period 27 November 2023 to 1 December 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Harris & Trotter LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





S P Lomas - Director


29 August 2025

Report of the Independent Auditors to the Members of
Deben Inns Limited

Opinion
We have audited the financial statements of Deben Inns Ltd (the 'Company') for the period ended 1st December 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the Company's affairs as at 1st December 2024 and of its profit for the period then ended;- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. The corresponding figures for the period ended 26 November 2023 were not audited.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:

- the information given in the Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
- the Directors' Report have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Deben Inns Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit. We have not identified material mistatements in the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
The directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Deben Inns Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non compliance with laws and regulations, our procedures included the following:

- We obtained an understanding of the legal and regulatory frameworks applicable to the Company and the industry in which it operates. We determined that the following laws and regulations were most significant: FRS 102 and the Companies Act 2006.

- We obtained an understanding of how the Company is complying with those legal and regulatory frameworks by making enquiries of management.

- We challenged assumptions and judgments made by management in its significant accounting estimates.

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

We did not identify any key audit matters relating to irregularities, including fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Deben Inns Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Neville Newman (Senior Statutory Auditor)
for and on behalf of Harris & Trotter LLP
101 New Cavendish Street
1st Floor South
London
W1W 6XH

29 August 2025

Deben Inns Limited (Registered number: 03413043)

Statement of Comprehensive
Income
for the Period 27 November 2023 to 1 December 2024

Period Period
27.11.23 28.11.22
to to
1.12.24 26.11.23
Notes £    £   

TURNOVER 3 12,018,259 10,528,699

Cost of sales 4,182,035 3,762,833
GROSS PROFIT 7,836,224 6,765,866

Administrative expenses 7,132,536 6,185,304
703,688 580,562

Other operating income 12,000 7,150
OPERATING PROFIT 5 715,688 587,712

Interest receivable and similar income 30,399 19,019
746,087 606,731
Gain/loss on revaluation of investment
property

104,455

111,591
850,542 718,322

Interest payable and similar expenses 6 67,854 38,784
PROFIT BEFORE TAXATION 782,688 679,538

Tax on profit 7 231,041 186,107
PROFIT FOR THE FINANCIAL PERIOD 551,647 493,431

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD

551,647

493,431

Deben Inns Limited (Registered number: 03413043)

Balance Sheet
1 December 2024

1.12.24 26.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 3,118,575 1,653,960
Investment property 10 625,000 520,545
3,743,575 2,174,505

CURRENT ASSETS
Stocks 11 136,030 135,597
Debtors 12 134,330 110,213
Cash at bank and in hand 1,175,211 1,325,606
1,445,571 1,571,416
CREDITORS
Amounts falling due within one year 13 1,426,775 1,486,312
NET CURRENT ASSETS 18,796 85,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,762,371

2,259,609

CREDITORS
Amounts falling due after more than one
year

14

(1,964,075

)

(560,143

)

PROVISIONS FOR LIABILITIES 17 (323,875 ) (276,692 )
NET ASSETS 1,474,421 1,422,774

CAPITAL AND RESERVES
Called up share capital 18 100 100
Retained earnings 19 1,474,321 1,422,674
SHAREHOLDERS' FUNDS 1,474,421 1,422,774

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:





S P Lomas - Director


Deben Inns Limited (Registered number: 03413043)

Statement of Changes in Equity
for the Period 27 November 2023 to 1 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 28 November 2022 100 1,479,243 1,479,343

Changes in equity
Dividends - (550,000 ) (550,000 )
Total comprehensive income - 493,431 493,431
Balance at 26 November 2023 100 1,422,674 1,422,774

Changes in equity
Dividends - (500,000 ) (500,000 )
Total comprehensive income - 551,647 551,647
Balance at 1 December 2024 100 1,474,321 1,474,421

Deben Inns Limited (Registered number: 03413043)

Cash Flow Statement
for the Period 27 November 2023 to 1 December 2024

Period Period
27.11.23 28.11.22
to to
1.12.24 26.11.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 917,511 780,148
Interest paid (67,854 ) (38,784 )
Tax paid (237,920 ) -
Net cash from operating activities 611,737 741,364

Cash flows from investing activities
Purchase of tangible fixed assets (1,597,289 ) (130,527 )
Purchase of investment property - (545 )
Interest received 30,399 19,019
Net cash from investing activities (1,566,890 ) (112,053 )

Cash flows from financing activities
New loans in year 1,949,034 -
Loan repayments in year (732,971 ) (171,779 )
Capital repayments in year 63,465 -
Amount introduced by directors 122,013 96,783
Amount withdrawn by directors (96,783 ) (6,661 )
Equity dividends paid (500,000 ) (550,000 )
Net cash from financing activities 804,758 (631,657 )

Decrease in cash and cash equivalents (150,395 ) (2,346 )
Cash and cash equivalents at beginning of
period

2

1,325,606

1,327,952

Cash and cash equivalents at end of
period

2

1,175,211

1,325,606

Deben Inns Limited (Registered number: 03413043)

Notes to the Cash Flow Statement
for the Period 27 November 2023 to 1 December 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

Period Period
27.11.23 28.11.22
to to
1.12.24 26.11.23
£    £   
Profit before taxation 782,688 679,538
Depreciation charges 132,672 100,063
Gain on revaluation of fixed assets (104,455 ) (111,591 )
Finance costs 67,854 38,784
Finance income (30,399 ) (19,019 )
848,360 687,775
Increase in stocks (433 ) (18,263 )
(Increase)/decrease in trade and other debtors (24,117 ) 11,086
Increase in trade and other creditors 93,701 99,550
Cash generated from operations 917,511 780,148

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 1 December 2024
1.12.24 27.11.23
£    £   
Cash and cash equivalents 1,175,211 1,325,606
Period ended 26 November 2023
26.11.23 28.11.22
£    £   
Cash and cash equivalents 1,325,606 1,327,952


3. ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 27.11.23 Cash flow At 1.12.24
£    £    £   
Net cash
Cash at bank and in hand 1,325,606 (150,395 ) 1,175,211
1,325,606 (150,395 ) 1,175,211
Debt
Finance leases - (63,465 ) (63,465 )
Debts falling due within 1 year (178,479 ) 132,244 (46,235 )
Debts falling due after 1 year (560,143 ) (1,348,305 ) (1,908,448 )
(738,622 ) (1,279,526 ) (2,018,148 )
Total 586,984 (1,429,921 ) (842,937 )

Deben Inns Limited (Registered number: 03413043)

Notes to the Financial Statements
for the Period 27 November 2023 to 1 December 2024

1. STATUTORY INFORMATION

Deben 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
The turnover represents net invoiced sales of services, excluding value added tax, arising from innkeepers and restaurateurs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - straight line over life of lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Deben Inns Limited (Registered number: 03413043)

Notes to the Financial Statements - continued
for the Period 27 November 2023 to 1 December 2024

2. ACCOUNTING POLICIES - continued

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. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

Period Period
27.11.23 28.11.22
to to
1.12.24 26.11.23
£    £   
Bar sales 4,143,248 3,478,624
Food sales 7,862,436 7,039,920
Car park income 12,575 10,155
12,018,259 10,528,699

All income is generated in the United Kingdom.

4. EMPLOYEES AND DIRECTORS
Period Period
27.11.23 28.11.22
to to
1.12.24 26.11.23
£    £   
Wages and salaries 4,782,867 4,082,912
Other pension costs 99,890 89,405
4,882,757 4,172,317

The average number of employees during the period was as follows:
Period Period
27.11.23 28.11.22
to to
1.12.24 26.11.23

Directors 3 3
Bar and restaurant staff 237 227
240 230

Period Period
27.11.23 28.11.22
to to
1.12.24 26.11.23
£    £   
Directors' remuneration 95,077 63,288

During the year the contributions made to directors pensions were £nil (2023 - £nil).

Deben Inns Limited (Registered number: 03413043)

Notes to the Financial Statements - continued
for the Period 27 November 2023 to 1 December 2024

5. OPERATING PROFIT

The operating profit is stated after charging:

Period Period
27.11.23 28.11.22
to to
1.12.24 26.11.23
£    £   
Hire of plant and machinery 53,069 47,417
Depreciation - owned assets 132,674 100,062
Audit fee 8,500 -

6. INTEREST PAYABLE AND SIMILAR EXPENSES
Period Period
27.11.23 28.11.22
to to
1.12.24 26.11.23
£    £   
Loan interest 66,815 38,713
Hire purchase interest 1,017 -
Interest on overdue tax 22 71
67,854 38,784

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
Period Period
27.11.23 28.11.22
to to
1.12.24 26.11.23
£    £   
Current tax:
UK corporation tax 183,858 150,593

Deferred tax 47,183 35,514
Tax on profit 231,041 186,107

UK corporation tax has been charged at 25% .

8. DIVIDENDS
Period Period
27.11.23 28.11.22
to to
1.12.24 26.11.23
£    £   
Ordinary shares of £1 each
Interim 500,000 550,000

Deben Inns Limited (Registered number: 03413043)

Notes to the Financial Statements - continued
for the Period 27 November 2023 to 1 December 2024

9. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 27 November 2023 1,300,000 116,322 856,331
Additions 1,380,340 22,700 115,549
At 1 December 2024 2,680,340 139,022 971,880
DEPRECIATION
At 27 November 2023 - 46,744 635,007
Charge for period - 11,048 85,603
At 1 December 2024 - 57,792 720,610
NET BOOK VALUE
At 1 December 2024 2,680,340 81,230 251,270
At 26 November 2023 1,300,000 69,578 221,324

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 27 November 2023 473,791 20,045 2,766,489
Additions - 78,700 1,597,289
At 1 December 2024 473,791 98,745 4,363,778
DEPRECIATION
At 27 November 2023 414,055 16,723 1,112,529
Charge for period 15,180 20,843 132,674
At 1 December 2024 429,235 37,566 1,245,203
NET BOOK VALUE
At 1 December 2024 44,556 61,179 3,118,575
At 26 November 2023 59,736 3,322 1,653,960

Cost or valuation at 1 December 2024 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2014 118,348 - -
Valuation in 2017 100,000 - -
Valuation in 2018 202,371 - -
Valuation in 2019 3,047 - -
Cost 2,256,574 139,022 971,880
2,680,340 139,022 971,880

Deben Inns Limited (Registered number: 03413043)

Notes to the Financial Statements - continued
for the Period 27 November 2023 to 1 December 2024

9. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Valuation in 2014 - - 118,348
Valuation in 2017 - - 100,000
Valuation in 2018 - - 202,371
Valuation in 2019 - - 3,047
Cost 473,791 98,745 3,940,012
473,791 98,745 4,363,778

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

1.12.24 26.11.23
£    £   
Cost 2,256,574 876,234

Value of land in freehold land and buildings 2,680,340 1,300,000

Freehold land and buildings were valued on an open market value basis on 30 November 2019 by the directors. .

The freehold property has not been revalued in the accounts since the transition to FRS102.

10. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 27 November 2023 520,545
Revaluations 104,455
At 1 December 2024 625,000
NET BOOK VALUE
At 1 December 2024 625,000
At 26 November 2023 520,545

Fair value at 1 December 2024 is represented by:
£   
Valuation in 2009 117,543
Valuation in 2017 100,000
Valuation in 2023 111,591
Valuation in 2024 104,455
Cost 191,411
625,000

Deben Inns Limited (Registered number: 03413043)

Notes to the Financial Statements - continued
for the Period 27 November 2023 to 1 December 2024

10. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

1.12.24 26.11.23
£    £   
Cost 191,411 157,547

Investment property was valued on an open market value basis on 1 December 2024 by the directors .

11. STOCKS
1.12.24 26.11.23
£    £   
Stocks 136,030 135,597

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1.12.24 26.11.23
£    £   
Trade debtors 10,833 715
Other debtors 18,060 -
Brewers deposit 16,979 25,785
Prepayments and accrued income 88,458 83,713
134,330 110,213

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1.12.24 26.11.23
£    £   
Bank loans and overdrafts (see note 15) 46,235 178,479
Hire purchase contracts (see note 16) 7,838 -
Trade creditors 481,879 441,377
Corporation Tax 183,858 237,920
Social security and other taxes 94,813 59,577
VAT 251,911 231,349
Other creditors 152,637 117,703
AE pensions creditor 7,402 5,977
Directors' loan accounts 122,013 96,783
Accruals and deferred income 78,189 117,147
1,426,775 1,486,312

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
1.12.24 26.11.23
£    £   
Bank loans (see note 15) 1,908,448 560,143
Hire purchase contracts (see note 16) 55,627 -
1,964,075 560,143

Deben Inns Limited (Registered number: 03413043)

Notes to the Financial Statements - continued
for the Period 27 November 2023 to 1 December 2024

15. LOANS

An analysis of the maturity of loans is given below:

1.12.24 26.11.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 46,235 178,479

Amounts falling due between one and two years:
Bank loans - 1-2 years 46,546 118,824

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,861,902 121,800

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years - 319,519

16. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
1.12.24 26.11.23
£    £   
Net obligations repayable:
Within one year 7,838 -
Between one and five years 55,627 -
63,465 -

Non-cancellable
operating leases
1.12.24 26.11.23
£    £   
Within one year 210,211 6,594
Between one and five years 1,352,162 12,089
In more than five years 1,219,167 -
2,781,540 18,683

In addition to the lease payments above, there are operating leases for various leased equipment and after the initial rental period they convert to a month by month rolling contract.

17. PROVISIONS FOR LIABILITIES
1.12.24 26.11.23
£    £   
Deferred tax 323,875 276,692

Deben Inns Limited (Registered number: 03413043)

Notes to the Financial Statements - continued
for the Period 27 November 2023 to 1 December 2024

17. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 27 November 2023 276,692
Charge to Statement of Comprehensive Income during period 47,183
Balance at 1 December 2024 323,875

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 1.12.24 26.11.23
value: £    £   
100 Ordinary £1 100 100

19. RESERVES
Retained
earnings
£   

At 27 November 2023 1,422,674
Profit for the period 551,647
Dividends (500,000 )
At 1 December 2024 1,474,321

20. SUMMARY OF TRANSACTIONS WITH DIRECTORS

The following advances by and repayments to directors subsisted during the periods ended 1 December 2024 and 26 November 2023:

1.12.24 26.11.23
£    £   
S P Lomas and L J Lomas
Balance outstanding at start of period 38,783 6,661
Amounts advanced 529,859 526,372
Amounts repaid (535,254 ) (494,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 33,388 38,783

S E Lomas
Balance outstanding at start of period 58,000 -
Amounts advanced 54,101 58,000
Amounts repaid (23,476 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 88,625 58,000