REGISTERED NUMBER: 07734827 (England and Wales)

NEWINNTHOLTHORPE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr C S Reid

Mrs D E Reid

SECRETARY:

Mrs D E Reid

REGISTERED OFFICE:

The New Inn

Flawith Road

Tholthorpe

York

North Yorkshire

YO61 1SL

REGISTERED NUMBER:

07734827 (England and Wales)

ACCOUNTANTS:

UHY Calvert Smith

Chartered Accountants

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

FIXED ASSETS

Intangible assets

4

4,000

8,000

Tangible assets

5

287,278

298,379

291,278

306,379

CURRENT ASSETS

Stocks

4,000

3,500

Debtors

6,981

7,358

Cash at bank and in hand

4,662

4,000

15,643

14,858

CREDITORS

Amounts falling due within one year

118,922

112,307

NET CURRENT LIABILITIES

(103,279

)

(97,449

)

TOTAL ASSETS LESS CURRENT LIABILITIES

187,999

208,930

CREDITORS

Amounts falling due after more than one year

6

(278,781

)

(288,979

)

PROVISIONS FOR LIABILITIES

(2,103

)

(2,528

)

NET LIABILITIES

(92,885

)

(82,577

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(93,885

)

(83,577

)

SHAREHOLDERS' FUNDS

(92,885

)

(82,577

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 September 2025 and were signed on its behalf by:

Mr C S Reid - Director

1.	STATUTORY INFORMATION

NewInnTholthorpe Ltd 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.

Going concern

The company depends on support from the directors, shareholders and the bank to meet its day to day working capital requirements. This support is expected to continue for the foreseeable future. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustment that would result from a withdrawal of financial support.

Turnover

Turnover represents sales of food, drink and accommodation, net of value added tax.

Goodwill

Goodwill is the amount paid in connection with the acquisition of a business in 2012.

In the opinion of the directors, goodwill is to be written off over 10 years from 1 January 2016.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33.3% on reducing balance and 15% on reducing balance

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 Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Finance charges

Where an arrangement fee is such as to represent a significant additional cost of finance when compared with the interest payable over the life of the loan, the charges are spread over the term of the loan.

Government grants

Revenue grants are credited to the profit and loss account so as to match them with the expenditure to which they relate.

Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity are recognised in the period in which they become receivable.

Capital grants received towards tangible fixed assets are included in creditors as deferred income and credited to the profit and loss account over the life of the asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

50,000

AMORTISATION

At 1 January 2024

42,000

Amortisation for year

4,000

At 31 December 2024

46,000

NET BOOK VALUE

At 31 December 2024

4,000

At 31 December 2023

8,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

420,286

Disposals

(2,140

)

At 31 December 2024

418,146

DEPRECIATION

At 1 January 2024

121,907

Charge for year

10,514

Eliminated on disposal

(1,553

)

At 31 December 2024

130,868

NET BOOK VALUE

At 31 December 2024

287,278

At 31 December 2023

298,379

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2024

2023

£

£

Repayable by instalments

Bank loans in more than 5 years by instalment

230,785

234,657

7.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

290,780

302,333

A loan of £260,714 (2023 - £270,018) is secured on the freehold property of the company. A loan of £30,067 (2023 - £32,315) is provided through the Bounce Back Loan Scheme. Under the terms of the Scheme, the Secretary of State for Business, Energy and Industrial Strategy has agreed to provide the company's lenders with a Partial Guarantee. The lender's ability to provide this loan is dependent upon the lenders receiving the Partial Guarantee.