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REGISTERED NUMBER: 03673465 (England and Wales)















Financial Statements for the Year Ended 30 November 2024

for

Calf's Head Limited

Calf's Head Limited (Registered number: 03673465)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Calf's Head Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mrs P A Medley
Mr C C Medley
Miss V J L Burrill





SECRETARY: Mr C C Medley





REGISTERED OFFICE: Suites 5 & 6, The Printworks
Ribble Valley Enterprise Park
Hey Road, Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 03673465 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Calf's Head Limited (Registered number: 03673465)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 707,464 702,936

CURRENT ASSETS
Stocks 24,259 26,468
Debtors 5 10,171 26,762
Cash at bank and in hand 619,743 571,253
654,173 624,483
CREDITORS
Amounts falling due within one year 6 385,569 295,635
NET CURRENT ASSETS 268,604 328,848
TOTAL ASSETS LESS CURRENT
LIABILITIES

976,068

1,031,784

CREDITORS
Amounts falling due after more than one
year

7

(87,037

)

(262,935

)

PROVISIONS FOR LIABILITIES 10 (29,623 ) (26,193 )
NET ASSETS 859,408 742,656

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 859,406 742,654
SHAREHOLDERS' FUNDS 859,408 742,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

Calf's Head Limited (Registered number: 03673465)

Balance Sheet - continued
30 November 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:





Miss V J L Burrill - Director


Calf's Head Limited (Registered number: 03673465)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

Calf's Head 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" 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 represents net sales of goods and services, excluding value added tax. Turnover consists of drink, food and accommodation sales, which are recognised at the point of which these goods and services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 10% on reducing balance

No depreciation has been provided against the freehold property as the directors are of the opinion that the current market value and the estimated residual value is in excess of the historic cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Compliance with accounting standards
The financial statements are prepared in accordance with applicable accounting standards.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 (2023 - 57 ) .

Calf's Head Limited (Registered number: 03673465)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 December 2023 588,356 346,942 935,298
Additions - 17,122 17,122
At 30 November 2024 588,356 364,064 952,420
DEPRECIATION
At 1 December 2023 - 232,362 232,362
Charge for year - 12,594 12,594
At 30 November 2024 - 244,956 244,956
NET BOOK VALUE
At 30 November 2024 588,356 119,108 707,464
At 30 November 2023 588,356 114,580 702,936

No depreciation has been provided against the freehold property as the directors are of the opinion that the current market value and the estimated residual value is in excess of the historic cost.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 1,102 -
Amounts owed by associates 2,116 -
Prepayments 6,953 26,762
10,171 26,762

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 28,451 13,078
Trade creditors 76,091 59,363
Corporation tax 71,817 41,988
Social security and other taxes 14,992 12,287
VAT 86,650 76,534
Other creditors 2,245 2,707
Credit card 9,028 10,317
Accrued expenses 96,295 79,361
385,569 295,635

Calf's Head Limited (Registered number: 03673465)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans - 1-2 years 31,175 211,170
Bank loans - 2-5 years 55,862 51,765
87,037 262,935

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.24 30.11.23
£    £   
Within one year 3,705 1,588
Between one and five years 10,497 397
14,202 1,985

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Bank loans 115,488 276,013

The bank borrowing is secured by a first party legal charge over the freehold property.

10. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 29,623 26,193

Deferred
tax
£   
Balance at 1 December 2023 26,193
Provided during year 3,430
Balance at 30 November 2024 29,623

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.20 30.11.19
value: £ £
120 A Ordinary 1p 1.20 1.20
40 B Ordinary 1p 0.40 0.40
40 C Ordinary 1p 0.40 0.40
2.00 2.00

Calf's Head Limited (Registered number: 03673465)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Two of the directors and shareholders also hold 100% of the shares in New Waggoners Ltd. The company has provided a guarantee over the bank borrowings taken out by New Waggoners Ltd.

The company has issued a loan to New Waggoners Ltd, as shown in debtors, of £2,116 (2023 - NIL).