Company registration number: 02950398
Unaudited financial statements
for the year ended 31 December 2024
for
The Inn On The Green Limited
Pages for filing with the Registrar
Company registration number: 02950398
The Inn On The Green Limited
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 5,000 -
Tangible assets 5 1,361,785 1,120,768
1,366,785 1,120,768
Current assets
Stocks 17,481 -
Debtors 63,296 76,125
Cash at bank and in hand 99,991 -
180,768 76,125
Creditors: amounts falling due within one
year 		(58,402) (942,231)
Net current assets/(liabilities) 122,366 (866,106)
Total assets less current liabilities 1,489,151 254,662
Provisions for liabilities (24,071) (19,279)
NET ASSETS 1,465,080 235,383
Capital and reserves
Called up share capital 1,250,000 750
Profit and loss account 215,080 234,633
TOTAL EQUITY 1,465,080 235,383
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 02950398
The Inn On The Green Limited
Balance sheet - continued
as at 31 December 2024
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 8 December 2025 and signed on its behalf by:
A Taylor, Director
8 December 2025
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The Inn On The Green Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
The Inn On The Green Limited is a private company registered in England and Wales. Its registered number is 02950398. The company is limited by shares. Its registered office is Eventus, Sunderland Road, Market Deeping, Lincolnshire, PE6 8FD.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - Goodwill is not amortised
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The Inn On The Green Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - No depreciation
Property improvments - 20% straight line
Plant and machinery etc.:
Plant and machinery - 10% & 20% straight line
Fixtures & fittings - 20% straight line
Motor vehicles - 15% reducing balance
Computer equipment - 20% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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The Inn On The Green Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where instruments in a non-derivative financial instrument that is equity of the issuer is publicly traded or the fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair valued recognised in profit or loss. All other such investments are subsequently measured at cost loss impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changed recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Taxation
Taxation for the year comprises current and deferred taxation. 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.
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The Inn On The Green Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 12 (2023 - Nil).
4 Intangible assets
Goodwill
£
Cost
Additions 5,000
At 31 December 2024 5,000
Amortisation
At 31 December 2024 -
Net book value
At 31 December 2024 5,000
At 31 December 2023 -
5 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 January 2024 1,065,582 128,522 1,194,104
Additions 136,814 142,312 279,126
At 31 December 2024 1,202,396 270,834 1,473,230
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The Inn On The Green Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
5 Tangible fixed assets - continued
Depreciation
At 1 January 2024 67,375 5,961 73,336
Charge for year 12,599 25,510 38,109
At 31 December 2024 79,974 31,471 111,445
Net book value
At 31 December 2024 1,122,422 239,363 1,361,785
At 31 December 2023 998,207 122,561 1,120,768
6 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions between two or more members of a group who are wholly owned subsidiaries within the group.
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