Registration number: 08980262

Inn Angarrack Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Inn Angarrack Limited

Company Information

Director

Mr Geoffrey Greaves

Registered office

Regal Cinema & Theatre Fore Street Redruth Cornwall TR15 2AZ

Inn Angarrack Limited

(Registration number: 08980262)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	379,081	378,494
Current assets
Stocks	5	4,500	4,500
Debtors	6	1,686	1,574
Cash at bank and in hand		49,040	44,395
		55,226	50,469
Creditors: Amounts falling due within one year	7	(176,313)	(208,055)
Net current liabilities		(121,087)	(157,586)
Total assets less current liabilities		257,994	220,908
Creditors: Amounts falling due after more than one year	7	(33,278)	(52,748)
Provisions for liabilities		(2,416)	(2,269)
Net assets		222,300	165,891
Capital and reserves
Called up share capital	8	200	200
Retained earnings		222,100	165,691
Shareholders' funds		222,300	165,891

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Inn Angarrack Limited

(Registration number: 08980262)
Balance Sheet as at 31 July 2025

Approved and authorised by the director on 6 December 2025
 

Mr Geoffrey Greaves

Director

Inn Angarrack Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Regal Cinema & Theatre
Fore Street
Redruth
Cornwall
TR15 2AZ
Great Britain

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants have been recognised in the period for which the expense being covered by the grant is
recognised, or the reduction in income that is to be covered by the grant is suffered.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Inn Angarrack Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Freehold buildings are depreciated on a straight line basis over 100 years. Given that the buildings are kept in
full repair the directors are of the opinion that the residual value is not less than the cost and therefore no
depreciation charge for the year actually arises.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance for assets aquired before 1/8/2021, 15% on cost for assets aquired after 01/08/2021
Fixtures and fittings	15% reducing balance
Freehold property	2% per annum on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Inn Angarrack Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Inn Angarrack Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 22 (2024 - 18).

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 August 2024	369,416	1,045	24,248	394,709
Additions	-	-	2,933	2,933
Disposals	-	-	(1,600)	(1,600)
At 31 July 2025	369,416	1,045	25,581	396,042
Depreciation
At 1 August 2024	-	738	15,477	16,215
Charge for the year	-	46	1,985	2,031
Eliminated on disposal	-	-	(1,285)	(1,285)
At 31 July 2025	-	784	16,177	16,961
Carrying amount
At 31 July 2025	369,416	261	9,404	379,081
At 31 July 2024	369,416	307	8,771	378,494

Included within the net book value of land and buildings above is £369,416 (2024 - £369,416) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	4,500	4,500

Inn Angarrack Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

6

Debtors

Current	2025 £	2024 £
Prepayments	495	478
Other debtors	1,191	1,096
	1,686	1,574

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	18,244	17,700
Trade creditors		9,639	14,580
Taxation and social security		38,876	35,183
Accruals and deferred income		2,147	2,092
Other creditors		107,407	138,500
		176,313	208,055

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase
contracts which are secured of £65,761.92 (2021 - £73,788.01). Security for the bank loans has been given by
way of a fixed charge over the trading premises.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	33,278	52,748

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase
contracts which are secured of £65,761.92 (2021 - £73,788.01). Security for the bank loans has been given by
way of a fixed charge over the trading premises.

8	Share capital

Allotted, called up and fully paid shares

Inn Angarrack Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	200	200	200	200

Inn Angarrack Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	33,278	42,837
Other borrowings	-	9,911
	33,278	52,748

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	8,600	7,700
Other borrowings	9,644	10,000
	18,244	17,700