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REGISTERED NUMBER: 12238327 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

THE TORS INN LIMITED

THE TORS INN LIMITED (REGISTERED NUMBER: 12238327)

Contents of the Financial Statements

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

THE TORS INN LIMITED

Company Information

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTOR: | R M Harrison

| REGISTERED OFFICE: | The Tors Inn

| Belstone

| Okehampton

| EX20 1QZ

| REGISTERED NUMBER: | 12238327 (England and Wales)

| ACCOUNTANTS: | Gravita Western Limited

| Keble House

| Southernhay Gardens

| Exeter

| Devon

| EX1 1NT

THE TORS INN LIMITED (REGISTERED NUMBER: 12238327)

Balance Sheet

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 5 | 5,902 |  | 12,985 |  |

Tangible assets | 6 | 37,997 |  | 43,519 |  |

43,899 |  | 56,504 |  |

CURRENT ASSETS

Stocks | 12,000 |  | 11,440 |  |

Debtors | 7 | 27,990 |  | 30,810 |  |

Cash at bank and in hand | 21,161 |  | 14,576 |  |

61,151 |  | 56,826 |  |

CREDITORS

Amounts falling due within one year | 8 | (82,577 | ) | (101,655 | ) |

NET CURRENT LIABILITIES | (21,426 | ) | (44,829 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 22,473 |  | 11,675 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (27,946 | ) | (34,200 | ) |

PROVISIONS FOR LIABILITIES | (8,504 | ) | (9,860 | ) |

NET LIABILITIES | (13,977 | ) | (32,385 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (14,077 | ) | (32,485 | ) |

(13,977 | ) | (32,385 | ) |

THE TORS INN LIMITED (REGISTERED NUMBER: 12238327)

Balance Sheet - continued

31 MARCH 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2025 and were signed by:

R M Harrison - Director

THE TORS INN LIMITED (REGISTERED NUMBER: 12238327)

Notes to the Financial Statements

FOR THE YEAR ENDED 31 MARCH 2025

1. | COMPANY INFORMATION

| The Tors Inn Limited 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 (£).

| The company's principal activities and nature of its operations are disclosed in the Directors' Report.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| Going concern

| The company is reliant on the support of its director. The director has a reasonable expectation that the company retains adequate resources to continue as a going concern for the foreseeable future and as such the financial statements have been drawn up on that basis.

| Turnover

| Turnover represents amounts chargeable in respect of the sale of goods and services to customers, net of value added tax.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of six years.

| Tangible fixed assets

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

| Improvements to property | - | 20% on cost

| Plant and machinery | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.

| Cash and cash equivalents

| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade creditors, loans from banks and loans from related parties.

THE TORS INN LIMITED (REGISTERED NUMBER: 12238327)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 16 (2024 - 17 ) .

5. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 42,500 |  |

| AMORTISATION

| At 1 April 2024 | 29,515 |  |

| Amortisation for year | 7,083 |  |

| At 31 March 2025 | 36,598 |  |

| NET BOOK VALUE

| At 31 March 2025 | 5,902 |  |

| At 31 March 2024 | 12,985 |  |

THE TORS INN LIMITED (REGISTERED NUMBER: 12238327)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2025

6. | TANGIBLE FIXED ASSETS

| Improvements |

| to |  | Plant and |  | Computer |

| property |  | machinery |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 12,832 |  | 83,861 |  | 632 |  | 97,325 |  |

| Additions | - |  | 1,946 |  | 1,770 |  | 3,716 |  |

| At 31 March 2025 | 12,832 |  | 85,807 |  | 2,402 |  | 101,041 |  |

| DEPRECIATION

| At 1 April 2024 | 2,156 |  | 51,455 |  | 195 |  | 53,806 |  |

| Charge for year | 642 |  | 8,202 |  | 394 |  | 9,238 |  |

| At 31 March 2025 | 2,798 |  | 59,657 |  | 589 |  | 63,044 |  |

| NET BOOK VALUE

| At 31 March 2025 | 10,034 |  | 26,150 |  | 1,813 |  | 37,997 |  |

| At 31 March 2024 | 10,676 |  | 32,406 |  | 437 |  | 43,519 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 27,990 |  | 30,810 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 5,822 |  | 2,837 |  |

| Trade creditors | 25,748 |  | 28,171 |  |

| Taxation and social security | 29,352 |  | 30,608 |  |

| Other creditors | 21,655 |  | 40,039 |  |

82,577 |  | 101,655 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 27,946 |  | 34,200 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 3,148 |  | 10,058 |  |

THE TORS INN LIMITED (REGISTERED NUMBER: 12238327)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 12,000 |  | 24,000 |  |

| Between one and five years | - |  | 12,000 |  |

12,000 |  | 36,000 |  |

11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 | 2024 |

£ | £ |

| R M Harrison

| Balance outstanding at start of year | 25,077 |  | 36,020 |  |

| Amounts advanced | 14,327 |  | 25,057 |  |

| Amounts repaid | (15,025 | ) | (36,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 24,379 |  | 25,077 |  |

| This loan was repaid in full within 9 months of the year end.

12. | RELATED PARTY DISCLOSURES

| Related company loans (under common ownership)

| Included in creditors within one year is a loan with a related company £18,434 (2024 - £36,579). The loan is interest free and repayable on demand.