Registration number: 04601304

Pollard Inns Limited

Contents

Company Information	1
Statement of financial position	2
Notes to the Unaudited Financial Statements	3 to 8

Pollard Inns Limited

Company Information

Directors

Mrs K Barnes-Quinn Mr P Pollard Mrs Aimee Pollard

Registered office

22 Market Place Olney MK46 4BA

Accountants

Hayhow & Co Chartered Certified Accountants & Business Advisers19 King Street King's Lynn Norfolk PE30 1HB

Pollard Inns Limited

(Registration number: 04601304)
Statement of financial position as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	748,353	751,258
Current assets
Stocks	5	9,532	10,626
Debtors	6	12,332	20,542
Cash at bank and in hand		67,320	79,785
		89,184	110,953
Creditors: Amounts falling due within one year	7	(77,355)	(90,925)
Net current assets		11,829	20,028
Total assets less current liabilities		760,182	771,286
Provisions for liabilities		(4,554)	(5,382)
Net assets		755,628	765,904
Capital and reserves
Called up share capital	8	100	100
Revaluation reserve		15,880	15,880
Retained earnings		739,648	749,924
Shareholders' funds		755,628	765,904

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of comprehensive income.

Approved and authorised by the Board on 25 September 2025 and signed on its behalf by:
 

......................................... Mrs K Barnes-Quinn Director

Pollard Inns Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
22 Market Place
Olney
MK46 4BA

These financial statements were authorised for issue by the Board on 25 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Pollard Inns Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold Property	Not depreciated
Computer Equipment	30% Reducing Balance
Fixtures and Fittings	12% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Pollard Inns Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 11).

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 February 2024	728,111	176,901	4,355	909,367
Additions	-	699	-	699
Disposals	-	(668)	-	(668)
At 31 January 2025	728,111	176,932	4,355	909,398
Depreciation
At 1 February 2024	-	155,655	2,454	158,109
Charge for the year	-	2,579	570	3,149
Eliminated on disposal	-	(213)	-	(213)
At 31 January 2025	-	158,021	3,024	161,045
Carrying amount
At 31 January 2025	728,111	18,911	1,331	748,353
At 31 January 2024	728,111	21,246	1,901	751,258

Pollard Inns Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Stocks

	2025 £	2024 £
Other inventories	9,532	10,626

Pollard Inns Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6

debtors

	Note	2025 £	2024 £
Amounts owed by related parties	9	1,590	6,400
Other debtors		1,434	6,968
Prepayments		9,308	7,174
		12,332	20,542

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		21,116	19,812
Amounts due to related parties	9	1	1
Social security and other taxes		12,210	15,200
Outstanding defined contribution pension costs		87	-
Other payables		13,510	11,543
Accruals		7,341	8,406
Tax liability		21,141	35,963
Paid in advance		1,949	-
		77,355	90,925

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.

Pollard Inns Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

9	Related party transactions

Summary of transactions with other related parties

Pollard Inns Limited paid Barnes Quinn Associates Limited £44,300 (2024: £32,750) in the year for computing, repairs and consultancy costs. Barnes Quinn Associates Limited owe Pollard Inns Limited £1,590 at the end of the financial year which is shown in debtors. Barnes Quinn Associates Limited is owned by Mrs K Barnes-Quinn, who is also a director of Pollard Inns Limited.