| REGISTERED NUMBER: |
| The Cross Inn Limited |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2025 |
| REGISTERED NUMBER: |
| The Cross Inn Limited |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2025 |
| The Cross Inn Limited (Registered number: 09808342) |
| Contents of the Financial Statements |
| for the year ended 31st March 2025 |
| Page |
| Company information | 1 |
| Balance sheet | 2 | to | 3 |
| Notes to the financial statements | 4 | to | 6 |
| The Cross Inn Limited |
| Company Information |
| for the year ended 31st March 2025 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Academy House |
| Shedden Park Road |
| Kelso |
| Roxburghshire |
| TD5 7AL |
| The Cross Inn Limited (Registered number: 09808342) |
| Balance Sheet |
| 31st March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| The Cross Inn Limited (Registered number: 09808342) |
| Balance Sheet - continued |
| 31st March 2025 |
| 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 were approved by the Board of Directors and authorised for issue on |
| The Cross Inn Limited (Registered number: 09808342) |
| Notes to the Financial Statements |
| for the year ended 31st March 2025 |
| 1. | Statutory information |
| The Cross Inn Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Freehold property | - |
| Improvements to property | - |
| Plant and machinery | - |
| Office equipment | - |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
| Financial instruments |
| The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, bank overdrafts, bank loans, other loans and directors' loans. |
| Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
| Directors' loans (being repayable on demand), trade debtors, trade creditors, accruals, bank overdrafts and other loans are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings. |
| 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 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. |
| The Cross Inn Limited (Registered number: 09808342) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 2. | Accounting policies - continued |
| 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. |
| Provisions |
| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis. |
| Employee benefits |
| Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred. |
| Going concern |
| The company has a deficit on the balance sheet and relies on the support of its directors and lenders, which has been confirmed for a period of at least twelve months from the approval of the financial statements. The directors anticipate a regular income stream going forward, therefore the financial statements have been prepared on the going concern basis. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Improvements |
| Freehold | to | Plant and | Office |
| property | property | machinery | equipment | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1st April 2024 |
| Additions |
| At 31st March 2025 |
| Depreciation |
| At 1st April 2024 |
| Charge for year |
| At 31st March 2025 |
| Net book value |
| At 31st March 2025 |
| At 31st March 2024 |
| The Cross Inn Limited (Registered number: 09808342) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 5. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | Creditors: amounts falling due after more than one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans due after five years | 6,474 | 11,283 |
| 8. | Directors' advances, credits and guarantees |
| The following advances and credits to directors subsisted during the periods ended 31st March 2025 and 31st March 2024: |
| 2025 | 2024 |
| £ | £ |
| Director 1 |
| Balance outstanding at start of year | 8,006 | - |
| Amounts advanced | 24,870 | 15,335 |
| Amounts repaid | (32,876 | ) | (7,329 | ) |
| Balance outstanding at end of year | - | 8,006 |
| Director 2 |
| Balance outstanding at start of year | 8,006 | - |
| Amounts advanced | 24,870 | 15,335 |
| Amounts repaid | (32,876 | ) | (7,329 | ) |
| Balance outstanding at end of year | - | 8,006 |
| These loans are unsecured and repayable on demand. No interest has been charged as the loans are below the HMRC reporting level. |