Sussex Inns Limited - Filleted accounts

Registered number

07563947

Sussex Inns Limited

Filleted Accounts

31 March 2025

Sussex Inns Limited
Registered number:		07563947
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		350,000			350,000
Tangible assets	4		141,458			39,322
			491,458			389,322

Current assets
Cash at bank and in hand		5,896			7,034

Creditors: amounts falling due within one year	5	(334,986)			(218,546)

Net current liabilities			(329,090)			(211,512)

Net assets			162,368			177,810

Capital and reserves
Called up share capital			100			100
Revaluation reserve	6		225,000			225,000
Profit and loss account			(62,732)			(47,290)

Shareholders' funds			162,368			177,810

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Gill Brown
Director
Approved by the board on 31 October 2025

Sussex Inns Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	20% written down value
	Fixtures, fittings, tools and equipment	20% written down value

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 April 2024				362,890
	At 31 March 2025				362,890

	Amortisation
	At 1 April 2024				12,890
	At 31 March 2025				12,890

	Net book value
	At 31 March 2025				350,000
	At 31 March 2024				350,000


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				171,939
	Additions				110,000
	At 31 March 2025				281,939

	Depreciation
	At 1 April 2024				132,617
	Charge for the year				7,864
	At 31 March 2025				140,481

	Net book value
	At 31 March 2025				141,458
	At 31 March 2024				39,322
5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		22,408		31,358
	Shareholder loans		267,864		82,000
	Private loans		41,688		89,395
	Taxation and social security costs		3,026		15,793
			334,986		218,546


6	Revaluation reserve		2025		2024
£				£

	At 1 April 2024		225,000		225,000

	At 31 March 2025		225,000		225,000


7	Other information

	Sussex Inns Limited is a private company limited by shares and incorporated in England. Its registered office is:
	8 Southampton Road
	Ringwood
	BH24 1HY