The Freston Boot Limited Accounts






The Freston Boot Limited

	Company No. 10976867
		Information for Filing with The Registrar
		31 December 2024

The Director presents his report and the accounts for the year ended 31 December 2024.

Principal activities
The principal activity of the company during the year under review was that of a public house servicing food and drink.




Director

The Director who served at any time during the year was as follows:

D.M. Saulter









































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

D.M. Saulter
Director
25 September 2025

at	31 December 2024
Company No.		10976867	Notes	2024	2023
				£	£
Fixed assets

	Tangible assets		4	23,069	32,259


				23,069	32,259
Current assets
	Stocks		5	7,985	9,675
	Debtors		6	21,695	45,423

	Cash at bank and in hand			3,501	7,110
				33,181	62,208
Creditors: Amount falling due within one year			7	(158,733)	(158,885)
Net current liabilities				(125,552)	(96,677)
Total assets less current liabilities				(102,483)	(64,418)
Creditors: Amounts falling due after more than one year			8	(148,000)	(100,000)



Net liabilities				(250,483)	(164,418)

Capital and reserves
	Called up share capital			45,581	45,581
	Share premium account		10	234,559	234,559


	Profit and loss account		10	(530,623)	(444,558)

Total equity				(250,483)	(164,418)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 25 September 2025 and signed on its behalf by:
D.M. Saulter
Director
25 September 2025

for the year ended 31 December 2024

General information

The Freston Boot Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 10976867

Its registered office is:

The Boot

Freston Street

Freston

Ipswich

IP9 1AB

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

The financial statements have been prepared on a going concern basis. As at 31 December 2024, the company had net liabilities of £250,483 (2023: £164,418), reflecting a further deterioration in its financial position, largely due to ongoing sector-wide challenges and increased cost pressures. Despite this, the directors remain committed to supporting the company and are actively engaged in initiatives aimed at stabilising operations and improving long-term viability. The shareholders continue to support the business and have reaffirmed their confidence in its future prospects.

Accounting policies

Turnover

Turnover is measured to the extent that it is probable that economic benefits will flow the the Company and the turnover can be reliably measured. Turnover is measured at the fair value of consideration received or receivable excluding discounts, rebates, value added tax and other sales taxes. The company has the following revenue recognition policies:

Food and drink sales are recognised on the date that goods are supplied to the customers.
Function sales are recognised on the date that the event takes place.
Turnover excludes income received in advance of events that take place after the business balance sheet date. These amounts are recognised in deferred income and released to the profit and loss accounts when the event takes place.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Leasehold land and buildings

Over the lease term

Furniture, fittings and equipment

20% Straight Line

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	30	29

4	Tangible fixed assets
			Land and buildings	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 January 2024	7,665	144,134	151,799
		Additions	-	1,174	1,174



		At 31 December 2024	7,665	145,308	152,973
		Depreciation
		At 1 January 2024	4,148	115,392	119,540
		Charge for the year	767	9,597	10,364



		At 31 December 2024	4,915	124,989	129,904
		Net book values
		At 31 December 2024	2,750	20,319	23,069
		At 31 December 2023	3,517	28,742	32,259

5	Stocks
			2024	2023
			£	£


		Finished goods	7,985	9,675
			7,985	9,675

6	Debtors
			2024	2023
			£	£
		Trade debtors	8,888	6,074





		Other debtors	6,250	35,210
		Prepayments and accrued income	6,557	4,139
			21,695	45,423

7	Creditors:
		amounts falling due within one year
			2024	2023
			£	£


		Other loans	-	10,000

		Trade creditors	53,931	78,108

		Taxes and social security	69,222	48,778

		Other creditors	20,085	11,369
		Accruals and deferred income	15,495	10,630
			158,733	158,885

8	Creditors:
		amounts falling due after more than one year
			2024	2023
			£	£


		Other loans	148,000	100,000





			148,000	100,000

Share Capital

Share capital consists of 4,558,095 £0.01 ordinary shares.

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account - includes all current and prior period retained profits and losses.

11	Guarantees and commitments
			2024	2023
			£	£
		Total of guarantees and commitments	72,070	90,018





		Included in total guarantees and commitments is a non-cancellable operating lease.

Related party disclosures

Transactions with related parties

Included in creditors: amounts falling due after more than one year is a balance of £100,000 representing a loan advanced by a company under common control. This loan bears interest at a commercial rate and is repayable after more than one year. Also included is a balance of £48,000 representing funds advanced by a director, which are interest-free and repayable after more than one year.