REGISTERED NUMBER: 07081735 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SEBASTOPOL INNS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M R Green

REGISTERED OFFICE:

24 St Cuthberts Way

Darlington

DL1 1GB

REGISTERED NUMBER:

07081735 (England and Wales)

ACCOUNTANTS:

CP Waites

Chartered Accountants

24 St Cuthberts Way

Darlington

DL1 1GB

FIXED ASSETS

Tangible assets

4

17,558

25,807

CURRENT ASSETS

Stocks

14,643

15,781

Debtors

5

695

1,240

Cash at bank and in hand

38,709

54,350

54,047

71,371

CREDITORS

Amounts falling due within one year

6

1,534,377

1,425,206

NET CURRENT LIABILITIES

(1,480,330

)

(1,353,835

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,462,772

)

(1,328,028

)

CAPITAL AND RESERVES

Called up share capital

7

10

10

Retained earnings

(1,462,782

)

(1,328,038

)

SHAREHOLDERS' FUNDS

(1,462,772

)

(1,328,028

)

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 director acknowledges his 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 director and authorised for issue on 31 December 2025 and were signed by:

M R Green - Director

1.	STATUTORY INFORMATION

Sebastopol Inns 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.

2.	ACCOUNTING POLICIES

Going concern

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.

At 31 March 2025 the company had net current liabilities of £1,480,330 (2024 - £1,353,835).

As stated in note 8 to the accounts, current liabilities include £1,500,000 (2024 - £1,360,000) lent to the company by the director. The director has confirmed that he will not seek repayment of the loans if it would prejudice the company's ability to trade.

The director believes the going concern basis of preparing the accounts is appropriate.

Turnover

Turnover represents net invoiced sales of goods and services excluding value added tax.

Tangible fixed assets

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

Leasehold improvements

- 10% on cost

Fixtures, fittings and equipment

- between 10% and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value.

Pension costs and other post-retirement benefits

The company contributes to an auto enrolment pension scheme. Contributions payable to the scheme are charged to the profit and loss account in the period in which they relate to.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Leasehold

and

improvements

equipment

Totals

£

£

£

COST

At 1 April 2024

744,324

163,156

907,480

Additions

783

275

1,058

Disposals

(7,130

)

-

(7,130

)

At 31 March 2025

737,977

163,431

901,408

DEPRECIATION

At 1 April 2024

739,069

142,604

881,673

Charge for year

2,559

6,746

9,305

Eliminated on disposal

(7,128

)

-

(7,128

)

At 31 March 2025

734,500

149,350

883,850

NET BOOK VALUE

At 31 March 2025

3,477

14,081

17,558

At 31 March 2024

5,255

20,552

25,807

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments and accrued income

695

1,240

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

13,132

23,323

Social security and other taxes

15,662

18,195

Accruals and deferred income

5,583

23,688

Director's loan account

1,500,000

1,360,000

1,534,377

1,425,206

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10

Ordinary

£1

10

10

8.	RELATED PARTY DISCLOSURES

The director's loan account of £1,500,000 (2024 - £1,360,000) relates to amounts lent by M R Green to the company. The loan is interest free and repayable on demand.

During the year rent of £120 (2024 - £120) was charged by M R Green in respect of the property used by the company which is owned by him.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M R Green who owns the entire issued share capital of the company.