The Ram Inn (Bussage) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07576991 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE RAM INN (BUSSAGE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M A Thwaite

J B Thwaite

Mrs N M Cairns

REGISTERED OFFICE:

The Ram Inn

The Ridge

Bussage

Stroud

Glos

GL6 8BB

REGISTERED NUMBER:

07576991 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

13,035

11,534

13,035

11,534

CURRENT ASSETS

Stocks

7,203

7,563

Debtors

6

20,088

23,387

Cash at bank and in hand

69,881

49,450

97,172

80,400

CREDITORS

Amounts falling due within one year

7

60,679

47,945

NET CURRENT ASSETS

36,493

32,455

TOTAL ASSETS LESS CURRENT
LIABILITIES

49,528

43,989

CREDITORS

Amounts falling due after more than one
year

8

(6,533

)

(12,133

)

PROVISIONS FOR LIABILITIES

(2,477

)

(2,191

)

NET ASSETS

40,518

29,665

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

40,516

29,663

SHAREHOLDERS' FUNDS

40,518

29,665

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 directors acknowledge their 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

Mrs M A Thwaite - Director

J B Thwaite - Director

1.	STATUTORY INFORMATION

The Ram Inn (Bussage) 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 (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provision of section 1A "Small entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the net invoiced sales of goods throughout the period, excluding value added tax.

Goodwill

Goodwill was purchased in connection with the acquisition of a partnership in 2011. The useful life of the goodwill is considered to be 5 years and as such is now fully amortised..

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.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Stocks

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

Financial instruments

Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Going concern

There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

61,210

AMORTISATION

At 1 April 2024

and 31 March 2025

61,210

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

27,493

Additions

5,080

Disposals

(4,075

)

At 31 March 2025

28,498

DEPRECIATION

At 1 April 2024

15,959

Charge for year

2,300

Eliminated on disposal

(2,796

)

At 31 March 2025

15,463

NET BOOK VALUE

At 31 March 2025

13,035

At 31 March 2024

11,534

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

5,094

11,747

Prepayments

14,994

11,640

20,088

23,387

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

22,900

18,366

Corporation Tax

9,562

8,399

Social security and other taxes

1,912

1,483

VAT

17,385

12,975

Other creditors

-

264

Directors' loan accounts

6,166

1,813

Accruals and deferred income

2,754

4,645

60,679

47,945

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

5,600

Bank loans - 2-5 years

933

6,533

12,133

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

Mrs M A Thwaite and J B Thwaite

Balance outstanding at start of year

(1,364

)

(11,249

)

Amounts advanced

104,199

50,860

Amounts repaid

(108,341

)

(40,975

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(5,506

)

(1,364

)

Mrs N M Cairns

Balance outstanding at start of year

(449

)

-

Amounts advanced

114

110

Amounts repaid

(325

)

(559

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(660

)

(449

)

No interest has been charged on the loan and there are no set repayment terms.