Coast and Country Inns Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11065497

Coast and Country Inns Ltd

Filleted Unaudited Financial Statements

31 March 2025

Coast and Country Inns Ltd

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	21,000	28,000
Tangible assets	6	67,860	78,810
		--------	---------
		88,860	106,810

Current assets

Stocks		10,560	9,960
Debtors	7	13,412	26,412
Cash at bank and in hand		976	6,536
		--------	--------
		24,948	42,908

Creditors: amounts falling due within one year	8	305,964	377,746
		---------	---------
Net current liabilities		281,016	334,838
		---------	---------
Total assets less current liabilities		( 192,156)	( 228,028)

Creditors: amounts falling due after more than one year	9	21,536	27,237
		---------	---------
Net liabilities		( 213,692)	( 255,265)
		---------	---------

Capital and reserves

Called up share capital	4	4
Profit and loss account	( 213,696)	( 255,269)
	---------	---------
Shareholders deficit	( 213,692)	( 255,265)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Coast and Country Inns Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

Mr G A Hewitt

Director

Company registration number: 11065497

Coast and Country Inns Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 24. Pondworld Retail Park, Lynn road, Wisbech, Cambs, PE14 7DA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the year end the balance sheet was in deficit by £213,692(2024: £255,265), the directors still feel it is appropriate to prepare the financial statements on a going concern basis as they have director's loan account balances amounting to £168,573 (2024: £199,617) that the directors have agreed they will not seek repayment of until the company has sufficient funds in place. The company also has other external sources of finance totalling £88,091 (2024: £107,774) that they are confident will not be be withdrawn within 12 months of the balance sheet date.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Straight line over 10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property	-	Straight line over 20 years
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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 and loans to related parties.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2024: 20 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	70,000
	--------
Amortisation
At 1 April 2024	42,000
Charge for the year	7,000
	--------
At 31 March 2025	49,000
	--------
Carrying amount
At 31 March 2025	21,000
	--------
At 31 March 2024	28,000
	--------

6. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2024	5,662	65,289	95,850	2,600	1,435	170,836
Additions	–	784	–	–	–	784
	-------	--------	--------	-------	-------	---------
At 31 Mar 2025	5,662	66,073	95,850	2,600	1,435	171,620
	-------	--------	--------	-------	-------	---------
Depreciation
At 1 Apr 2024	1,395	30,218	57,886	1,503	1,024	92,026
Charge for the year	284	5,379	5,694	274	103	11,734
	-------	--------	--------	-------	-------	---------
At 31 Mar 2025	1,679	35,597	63,580	1,777	1,127	103,760
	-------	--------	--------	-------	-------	---------
Carrying amount
At 31 Mar 2025	3,983	30,476	32,270	823	308	67,860
	-------	--------	--------	-------	-------	---------
At 31 Mar 2024	4,267	35,071	37,964	1,097	411	78,810
	-------	--------	--------	-------	-------	---------

7. Debtors

	2025	2024
	£	£
Other debtors	13,412	26,412
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	6,156	20,138
Social security and other taxes	65,710	89,113
Other creditors	234,098	268,495
	---------	---------
	305,964	377,746
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	21,536	27,237
	--------	--------

10. Other financial commitments

Total financial commitments, guarantees and contingencies which are not included in the Statement of Financial Position amount to £780,000 (2024:£832,000). These relate to a lease the business has contracted into for a public house. The lease has 15 years remaining.

11. Related party transactions

No transactions were underaken with related parties such as are required to be disclosed under FRS 102 Section 1A.