Traditional English Inns Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Traditional English Inns Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11015430 . The registered office is The Plough Inn, Stalisfield, Kent, ME13 0HY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover represents the fair value of consideration received or receivable for goods and services provided in the ordinary course of business, excluding value added tax.

Revenue is recognised as follows:

Food and Beverage Sales – Revenue is recognised at the point of sale when food and drink are provided to customers, as this is the point at which the significant risks and rewards of ownership are transferred.

Room Income – Revenue from the provision of accommodation is recognised when the related service is provided, that is, when guests stay at the property.

Deposits and Advance Bookings – Customer deposits received in advance of accommodation, functions, or event bookings are treated as deferred income until the related goods or services are provided.

Function and Event Income – Revenue from functions, parties, or events is recognised when the event takes place.

Gift Vouchers – Income from gift vouchers is recognised when the voucher is redeemed for goods or services. Unredeemed vouchers are carried as deferred income until used or expired.

Service Charges and Tips – Service charges added to customer bills are included in turnover where the Company has the primary obligation to provide the service. Tips and gratuities paid directly to staff by customers are excluded from turnover.

The fair value of consideration takes into account trade discounts, promotional discounts, and any rebates offered to customers.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets is the website and copyright of online resources. It is amortised to profit and loss account over its estimated economic life of five years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% Reducing balance
Fixtures & Fittings	15% Reducing balance
Computer Equipment	25% Reducing balance

Assets considered to loose their value fully in the first year of acquisition are fully depreciated at purchase.

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Traditional English Inns Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

2.6. Leasing and Hire Purchase Contracts

Hire purchase contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under hire purchase contracts are depreciated over their useful lives.

Finance leases

Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value.

2.8. 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 statement of comprehensive income 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 liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing 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.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.10. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 19 (2024: 21)

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Traditional English Inns Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 March 2024	5,600

As at 28 February 2025	5,600

Amortisation
As at 1 March 2024	1,488
Provided during the period	1,120

As at 28 February 2025	2,608

Net Book Value
As at 28 February 2025	2,992

As at 1 March 2024	4,112

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 March 2024	28,060	35,548	1,151	64,759
Additions	180	-	-	180

As at 28 February 2025	28,240	35,548	1,151	64,939

Depreciation
As at 1 March 2024	9,186	15,957	634	25,777
Provided during the period	2,754	3,034	129	5,917
Disposals	1,024	-	-	1,024

As at 28 February 2025	12,964	18,991	763	32,718

Net Book Value
As at 28 February 2025	15,276	16,557	388	32,221

As at 1 March 2024	18,874	19,591	517	38,982

6. Stocks

	2025	2024
	£	£
Stock	13,233	13,586

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Traditional English Inns Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	7,155	9,916
Other debtors	3,781	12,617

	10,936	22,533
Due after more than one year
Amounts owed by associates	57,320	41,558

	68,256	64,091

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	15,969	11,623
Bank loans and overdrafts	10,440	10,183
Corporation tax	5,714	2,935
Other taxes and social security	5,822	6,160
VAT	1,589	2,533
Other creditors	2,454	1,073
Accruals and deferred income	5,322	6,332
Directors' loan accounts	1,369	16

	48,679	40,855

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	9,250	12,268

10. Deferred Taxation

The provision for deferred taxation is made up of accelerated capital allowances.

	2025	2024
	£	£
Other timing differences	6,444	7,407

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

12. Pension Commitments

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

At the balance sheet date unpaid contributions of 2025 - £1,316 (2024 - £427) were due to the fund. They are included in Other Creditors.

13. Related Party Transactions

During the year, the Company rented property from Traditional English Pubs Ltd, a company under common control.

The directors confirm that all transactions with the parent company were conducted on normal commercial terms and at market rates.

As the Company qualifies as a small entity under Section 1A of FRS 102, no further disclosure of the transaction values is required.

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Traditional English Inns Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

14. Ultimate Controlling Party

The company's ultimate controlling party and parent Company is Traditional English Hotels Ltd by virtue of ownership of 100% of the issued share capital in the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,992		4,112
Tangible Assets	5		32,221		38,982

			35,213		43,094
CURRENT ASSETS
Stocks	6	13,233		13,586
Debtors	7	68,256		64,091
Cash at bank and in hand		39,375		14,328

		120,864		92,005
Creditors: Amounts Falling Due Within One Year	8	(48,679 )		(40,855 )

NET CURRENT ASSETS (LIABILITIES)			72,185		51,150

TOTAL ASSETS LESS CURRENT LIABILITIES			107,398		94,244

Creditors: Amounts Falling Due After More Than One Year	9		(9,250 )		(12,268 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(6,444 )		(7,407 )

NET ASSETS			91,704		74,569

CAPITAL AND RESERVES
Called up share capital	11		4		4
Profit and Loss Account			91,700		74,565

SHAREHOLDERS' FUNDS			91,704		74,569