REGISTERED NUMBER: 08866546 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

The Sussex Ox Trading Company Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S J Carr

Mrs F J M Carr

J G Bunt

REGISTERED OFFICE:

Boston House

Henley-on-Thames

RG9 1DY

REGISTERED NUMBER:

08866546 (England and Wales)

ACCOUNTANTS:

Villars Hayward LLP

Chartered Accountants,

Chartered Tax Advisers and Registered Auditors

Boston House

Henley-on-Thames

RG9 1DY

FIXED ASSETS

Intangible assets

4

-

2,343

Tangible assets

5

39,508

42,255

39,508

44,598

CURRENT ASSETS

Stocks

12,042

11,108

Debtors

6

3

3

Cash at bank and in hand

53,204

211,121

65,249

222,232

CREDITORS

Amounts falling due within one year

7

66,571

71,688

NET CURRENT (LIABILITIES)/ASSETS

(1,322

)

150,544

TOTAL ASSETS LESS CURRENT LIABILITIES

38,186

195,142

CREDITORS

Amounts falling due after more than one year

8

(41,195

)

(168,325

)

PROVISIONS FOR LIABILITIES

(7,507

)

(8,029

)

NET (LIABILITIES)/ASSETS

(10,516

)

18,788

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(10,519

)

18,785

SHAREHOLDERS' FUNDS

(10,516

)

18,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 11 December 2025 and were signed on its behalf by:

S J Carr - Director

Mrs F J M Carr - Director

J G Bunt - Director

1.	STATUTORY INFORMATION

The Sussex Ox Trading Company Limited is a private company, limited by shares incorporated in England and Wales and has its registered office and principal place of business at Boston House, Boston Road, Henley-on-Thames, RG9 1DY.

The principal activity of the company was that of Public House and restaurant

The financial statements are presented in Sterling (£), which is also the functional currency of the company.

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 historical cost convention.

Turnover

Revenue (described as Turnover) is the amount receivable for services rendered, net of returns, discounts and value added tax. Revenue is measured at the fair value of consideration received or receivable and is recognised at the point the goods are accepted by the customer

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014 is amortised over its expected useful life. The acquired goodwill is being amortised over its estimated useful life of 10 years. Goodwill is assessed for impairment where there are indicators of impairment and any impairment is charged to the profit and loss account. Reversals of impairment are recognised when the reasons for the impairment no longer apply.

Tangible fixed assets

Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives as below:

Plant and machinery

- 15% on reducing balance

Fixtures and fittings

- 15% on reducing balance

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Cost includes the purchase price, including any taxes, duties, transport, and handling directly attributable to bringing the stock to its present location and condition. Net realisable value is based on the estimated selling price less any estimated selling costs.

When stocks are sold, the carrying amount of these stocks is recognised as an expense in the period in which the related revenue is recognised.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock item is reduced to its selling price less costs to sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

Financial assets and liabilities

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within current liabilities.

Trade and other creditors are initially recognised at transaction price and are subsequently remeasured to amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Pension costs and other post-retirement benefits

The company contributes towards a defined contribution pension scheme (NEST). Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. The assets of the scheme are held separately from those of the company in an independent administered fund.

Going concern

The directors are aware of the current financial position of the entity, however sees no material uncertainties that may cast significant doubt on the ability of the company to continue trading, therefore they have adopted the going concern basis of accounting.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

190,000

AMORTISATION

At 1 March 2024

187,657

Charge for year

2,343

At 28 February 2025

190,000

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

2,343

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 March 2024

57,420

24,815

82,235

Additions

1,200

2,677

3,877

At 28 February 2025

58,620

27,492

86,112

DEPRECIATION

At 1 March 2024

27,934

12,046

39,980

Charge for year

4,278

2,346

6,624

At 28 February 2025

32,212

14,392

46,604

NET BOOK VALUE

At 28 February 2025

26,408

13,100

39,508

At 29 February 2024

29,486

12,769

42,255

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Other debtors

3

3

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

10,762

10,762

Trade creditors

25,824

20,212

Taxation and social security

25,605

36,534

Other creditors

4,380

4,180

66,571

71,688

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

9,195

16,325

Other creditors

32,000

152,000

41,195

168,325

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs S J Carr.

In the opinion of the directors the company is controlled by Mr and Mrs Carr by virtue of their 100%

shareholding in the ordinary A shares.

10.	GOING CONCERN

The balance sheet reports a net liability position. The company is reliant on the directors to provide sufficient working capital for the company to keep operating. They have confirmed financial support will be provided as necessary to meet the company's obligations as they fall due for payment. The directors are therefore satisfied that the company will continue as a going concern.