REGISTERED NUMBER: 13920994 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

THE MANOR HOUSE INN (CROYDE) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S P Creely

Mrs L R Creely

Ms H P Michael

REGISTERED OFFICE:

39 St. Marys Road

Croyde

Braunton

Devon

EX33 1PG

REGISTERED NUMBER:

13920994 (England and Wales)

FIXED ASSETS

Tangible assets

4

66,736

77,191

CURRENT ASSETS

Stocks

5

11,670

11,324

Debtors

6

23,173

16,516

Cash at bank and in hand

64,180

102,018

99,023

129,858

CREDITORS

Amounts falling due within one year

7

126,500

186,762

NET CURRENT LIABILITIES

(27,477

)

(56,904

)

TOTAL ASSETS LESS CURRENT LIABILITIES

39,259

20,287

PROVISIONS FOR LIABILITIES

9

6,540

6,927

NET ASSETS

32,719

13,360

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

32,619

13,260

32,719

13,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 28 September 2025 and were signed on its behalf by:

Ms H P Michael - Director

1.	STATUTORY INFORMATION

The Manor House Inn (Croyde) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 invoiced sales of goods and services, excluding value added tax. The company supplies products to customers under standard terms and conditions. In all cases turnover is recognised when the risks and rewards of ownership are transferred and this is defined to be on exchange of the goods.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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

Computer equipment - 18% on reducing balance

Fixtures and fittings - 18% on reducing balance

Motor vehicles - 25% 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 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.

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.

Operating leases

Operating lease rentals are charged in the profit and loss account on a straight line basis over the lease term.

Creditors

Short term trade 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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 March 2024

1,167

102,244

1,918

105,329

Additions

-

2,834

1,295

4,129

At 28 February 2025

1,167

105,078

3,213

109,458

DEPRECIATION

At 1 March 2024

510

27,213

415

28,138

Charge for year

164

13,934

486

14,584

At 28 February 2025

674

41,147

901

42,722

NET BOOK VALUE

At 28 February 2025

493

63,931

2,312

66,736

At 29 February 2024

657

75,031

1,503

77,191

5.

STOCKS

2025

2024

£

£

Stocks

11,670

11,324

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

629

-

Directors' current accounts

4,190

-

Prepayments and accrued income

18,354

16,516

23,173

16,516

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

35,727

40,996

Taxation

5,415

1,050

Paye/Ni payable

5,033

10,878

VAT

6,831

310

Other creditors

4,467

4,164

Directors' current accounts

39,111

102,949

Accruals and deferred income

29,916

26,415

126,500

186,762

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

139,073

137,222

Between one and five years

556,291

548,887

In more than five years

1,193,708

1,315,042

1,889,072

2,001,151

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

6,540

6,927

Deferred

tax

£

Balance at 1 March 2024

6,927

Movement during the year

(387

)

Balance at 28 February 2025

6,540

10.	RELATED PARTY DISCLOSURES

At the year end an amount of £34,921 (2024 - £102,949) was owed to the directors of the company.

No interest was charged on the above balances.