| REGISTERED NUMBER: |
| Strategic Report, |
| Report of the Directors and |
| Financial Statements |
| for the Period |
| 27 November 2023 to 1 December 2024 |
| for |
| Deben Inns Limited |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| 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: |
| 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 |
| The directors recommend that no final dividend be paid. |
| The total distribution of dividends for the period ended 1 December 2024 will be £ |
| DIRECTORS |
| The directors during the period under review were: |
| 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 |
| 50 | 50 |
| 40 | 40 |
| 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: |
| 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. |
| for and on behalf of |
| 101 New Cavendish Street |
| 1st Floor South |
| London |
| W1W 6XH |
| 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 |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| 703,688 | 580,562 |
| Other operating income |
| OPERATING PROFIT | 5 |
| Interest receivable and similar income |
| 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 |
| PROFIT BEFORE TAXATION |
| Tax on profit | 7 |
| PROFIT FOR THE FINANCIAL PERIOD |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE PERIOD |
| Deben Inns Limited (Registered number: 03413043) |
| Balance Sheet |
| 1 December 2024 |
| 1.12.24 | 26.11.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 9 |
| Investment property | 10 |
| CURRENT ASSETS |
| Stocks | 11 |
| Debtors | 12 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 13 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
14 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 17 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 18 |
| Retained earnings | 19 |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 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 |
| Changes in equity |
| Dividends | - | ( |
) | ( |
) |
| Total comprehensive income | - |
| Balance at 26 November 2023 |
| Changes in equity |
| Dividends | - | ( |
) | ( |
) |
| Total comprehensive income | - |
| Balance at 1 December 2024 |
| 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 |
| Interest paid | ( |
) | ( |
) |
| Tax paid | ( |
) |
| Net cash from operating activities |
| Cash flows from investing activities |
| Purchase of tangible fixed assets | ( |
) | ( |
) |
| Purchase of investment property | ( |
) |
| Interest received |
| Net cash from investing activities | ( |
) | ( |
) |
| Cash flows from financing activities |
| New loans in year |
| Loan repayments in year | ( |
) | ( |
) |
| Capital repayments in year |
| Amount introduced by directors | 122,013 | 96,783 |
| Amount withdrawn by directors | (96,783 | ) | (6,661 | ) |
| Equity dividends paid | ( |
) | ( |
) |
| Net cash from financing activities | ( |
) |
| Decrease in cash and cash equivalents | ( |
) | ( |
) |
| Cash and cash equivalents at beginning of period |
2 |
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 |
| Depreciation charges |
| 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 | ( |
) | ( |
) |
| (Increase)/decrease in trade and other debtors | ( |
) |
| Increase in trade and other creditors |
| Cash generated from operations |
| 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 | ( |
) | 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| The turnover represents net invoiced sales of services, excluding value added tax, arising from innkeepers and restaurateurs. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| 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 |
| £ | £ |
| 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 |
| Other pension costs |
| 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 |
| Period | Period |
| 27.11.23 | 28.11.22 |
| to | to |
| 1.12.24 | 26.11.23 |
| £ | £ |
| Directors' remuneration |
| 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 |
| Depreciation - owned assets |
| Audit fee |
| 6. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| Period | Period |
| 27.11.23 | 28.11.22 |
| to | to |
| 1.12.24 | 26.11.23 |
| £ | £ |
| Loan interest |
| Hire purchase interest |
| Interest on overdue tax |
| 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 |
| Deferred tax |
| Tax on profit |
| 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 |
| 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 |
| Additions |
| At 1 December 2024 |
| DEPRECIATION |
| At 27 November 2023 |
| Charge for period |
| At 1 December 2024 |
| NET BOOK VALUE |
| At 1 December 2024 |
| At 26 November 2023 |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 27 November 2023 |
| Additions |
| At 1 December 2024 |
| DEPRECIATION |
| At 27 November 2023 |
| Charge for period |
| At 1 December 2024 |
| NET BOOK VALUE |
| At 1 December 2024 |
| At 26 November 2023 |
| 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 |
| Revaluations | 104,455 |
| At 1 December 2024 |
| NET BOOK VALUE |
| At 1 December 2024 |
| At 26 November 2023 |
| 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 |
| 12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 1.12.24 | 26.11.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Brewers deposit | 16,979 | 25,785 |
| Prepayments and accrued income |
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 1.12.24 | 26.11.23 |
| £ | £ |
| Bank loans and overdrafts (see note 15) |
| Hire purchase contracts (see note 16) |
| Trade creditors |
| Corporation Tax |
| Social security and other taxes |
| VAT | 251,911 | 231,349 |
| Other creditors |
| AE pensions creditor | 7,402 | 5,977 |
| Directors' loan accounts | 122,013 | 96,783 |
| Accruals and deferred income |
| 14. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 1.12.24 | 26.11.23 |
| £ | £ |
| Bank loans (see note 15) |
| Hire purchase contracts (see note 16) |
| 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 |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| 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 |
| Between one and five years |
| Non-cancellable |
| operating leases |
| 1.12.24 | 26.11.23 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 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 |
| Charge to Statement of Comprehensive Income during period |
| Balance at 1 December 2024 |
| 18. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 1.12.24 | 26.11.23 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 19. | RESERVES |
| Retained |
| earnings |
| £ |
| At 27 November 2023 |
| Profit for the period |
| Dividends | ( |
) |
| At 1 December 2024 |
| 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 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |