REGISTERED NUMBER: 05271298 (England and Wales)

Financial Statements for the Year Ended 31 January 2025

for

Orchid Inns Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P W Mepham

Mrs S Mepham

REGISTERED OFFICE:

Devonshire Arms

Long Sutton

Langport

Somerset

TA10 9LP

REGISTERED NUMBER:

05271298 (England and Wales)

ACCOUNTANTS:

Plunkett Yates Limited

1 Charlotte Mews

Pavilion Place

Exeter

Devon

EX2 4HA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

36,605

48,807

Investment property

6

240,000

240,000

276,605

288,807

CURRENT ASSETS

Stocks

9,665

8,950

Debtors

7

8,174

3,608

Cash at bank and in hand

172,435

181,949

190,274

194,507

CREDITORS

Amounts falling due within one year

8

112,534

101,201

NET CURRENT ASSETS

77,740

93,306

TOTAL ASSETS LESS CURRENT LIABILITIES

354,345

382,113

CREDITORS

Amounts falling due after more than one year

9

(48,407

)

(64,805

)

PROVISIONS FOR LIABILITIES

(16,545

)

(19,534

)

NET ASSETS

289,393

297,774

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

288,393

296,774

SHAREHOLDERS' FUNDS

289,393

297,774

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 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 1 September 2025 and were signed on its behalf by:

P W Mepham - Director

Mrs S Mepham - Director

1.	STATUTORY INFORMATION

Orchid 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" including the provisions of Section 1A "Small Entities" 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

straight line over the life of the lease

Fixtures, fittings and equipment

-

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 31 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

115,000

AMORTISATION

At 1 February 2024

and 31 January 2025

115,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Short

and

leasehold

equipment

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

12,128

245,973

258,101

DEPRECIATION

At 1 February 2024

12,128

197,166

209,294

Charge for year

-

12,202

12,202

At 31 January 2025

12,128

209,368

221,496

NET BOOK VALUE

At 31 January 2025

-

36,605

36,605

At 31 January 2024

-

48,807

48,807

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

240,000

NET BOOK VALUE

At 31 January 2025

240,000

At 31 January 2024

240,000

The investment property was valued as at 31 January 2025, on an open market basis by the directors of the company. The historical cost of the property was £209,317.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

3,019

-

Other debtors

5,155

3,608

8,174

3,608

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

10,400

10,141

Trade creditors

21,223

21,494

Taxation and social security

73,487

66,519

Other creditors

7,424

3,047

112,534

101,201

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

4,411

14,809

Other creditors

43,996

49,996

48,407

64,805

Amounts falling due in more than five years:

Repayable by instalments

Building society mortgage

43,996

49,996

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Other loans

43,996

49,996

The building society mortgage is secured on the freehold property.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid a rent charge to the directors of £24,000 (2024: £24,000).

12.	ULTIMATE CONTROLLING PARTY

The directors together were the ultimate controlling parties.