REGISTERED NUMBER: 12238327 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

THE TORS INN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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 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

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.

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

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

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.