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Registered number: 09428814
GHR Inns Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09428814
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 3,000
Tangible Assets 5 6,934 4,648
6,934 7,648
CURRENT ASSETS
Stocks 6 11,892 9,983
Debtors 7 8,621 9,667
Cash at bank and in hand 171,595 131,500
192,108 151,150
Creditors: Amounts Falling Due Within One Year 8 (84,330 ) (68,120 )
NET CURRENT ASSETS (LIABILITIES) 107,778 83,030
TOTAL ASSETS LESS CURRENT LIABILITIES 114,712 90,678
NET ASSETS 114,712 90,678
CAPITAL AND RESERVES
Called up share capital 9 3 3
Profit and Loss Account 114,709 90,675
SHAREHOLDERS' FUNDS 114,712 90,678
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr G H Reid
Director
15 December 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
GHR Inns Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09428814 . The registered office is Bank Chambers Brook Street, Bishops Waltham, Southampton, SO32 1AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 bar and food takings.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% to 33.33% on cost
Fixtures & Fittings 20% to 33.33% on cost
Computer Equipment 20% on cost
2.5. Stocks and Work in Progress
Closing Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.6. Financial Instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.6.1 Debtors
Short term debtors are measured at transaction price, less any impairment.
2.6.2 Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.6.3 Creditors
Short term creditors are measured at the transaction price.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
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.
2.9. Employee benefits
Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 13)
14 13
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 30,000
As at 31 March 2025 30,000
...CONTINUED
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Amortisation
As at 1 April 2024 27,000
Provided during the period 3,000
As at 31 March 2025 30,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 3,000
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 4,853 19,396 1,957 26,206
Additions 3,975 - 1,049 5,024
Disposals (935 ) - (600 ) (1,535 )
As at 31 March 2025 7,893 19,396 2,406 29,695
Depreciation
As at 1 April 2024 4,476 15,777 1,305 21,558
Provided during the period 984 1,381 373 2,738
Disposals (935 ) - (600 ) (1,535 )
As at 31 March 2025 4,525 17,158 1,078 22,761
Net Book Value
As at 31 March 2025 3,368 2,238 1,328 6,934
As at 1 April 2024 377 3,619 652 4,648
6. Stocks
2025 2024
£ £
Stock 11,892 9,983
7. Debtors
2025 2024
£ £
Due within one year
Other debtors 8,621 9,667
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 15,520 12,573
Bank loans and overdrafts - 22,439
Other creditors 37,189 2,814
Taxation and social security 31,621 30,294
84,330 68,120
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 2.00 each 2 2
1 Ordinary B shares of £ 1.00 each 1 1
3 3
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Gavin Reid 1,085 - 1,085 - -
The above loan is unsecured, interest free and repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr G H Reid .
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