Inno Hospitality Collective Limited

Inno Hospitality Collective Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	5,000	10,000
Tangible fixed assets	4	301,503	275,748
		306,503	285,748
Current assets
Stocks	5	50,180	59,180
Debtors	6	92,961	119,631
Cash at bank and in hand		101,055	106,844
		244,196	285,655
Creditors: amount falling due within one year	7	(414,479)	(414,985)
Net current assets		(170,283)	(129,330)

Total assets less current liabilities		136,220	156,418
Creditors: amount falling due after more than one year	8	(51,284)	(76,440)
Provisions for liabilities	9	(41,520)	0
Net assets		43,416	79,978

Capital and reserves
Profit and loss account		43,416	79,978
Shareholders' funds		43,416	79,978

For the year ended 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 accounts for the year in question in accordance with section 476.
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.

These 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 income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 31 December 2025 and were signed on its behalf by:

-------------------------------
Ms Kirsty Ridge
Director

Inno Hospitality Collective Limited
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Inno Hospitality Collective Limited is a private company, limited by shares, registered in England and Wales, registration number 13286647, registration address The Sun Inn, Market Street, Ulverston, Cumbria, LA12 7AY.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 3 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	15% Reducing Balance
Plant and Machinery	12.5% Reducing Balance
Motor Vehicles	12.5% Reducing Balance
Fixtures and Fittings	12.5% Reducing Balance
Computer Equipment	12.5% Reducing Balance
Improvements to property	5% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 29 (2024 : 30).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 April 2024	15,000	15,000
Additions	-	-
Disposals	-	-
At 31 March 2025	15,000	15,000
Amortisation
At 01 April 2024	5,000	5,000
Charge for year	5,000	5,000
On disposals	-	-
At 31 March 2025	10,000	10,000
Net book values
At 31 March 2025	5,000	5,000
At 31 March 2024	10,000	10,000

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Improvements to property	Total
	£	£	£	£	£	£	£
At 01 April 2024	5,583	20,270	38,103	182,329	8,827	92,244	347,356
Additions	-	6,186	-	55,501	-	-	61,687
Disposals	-	-	-	-	-	-	-
At 31 March 2025	5,583	26,456	38,103	237,830	8,827	92,244	409,043
Depreciation
At 01 April 2024	1,950	3,709	4,763	48,785	3,421	8,980	71,608
Charge for year	454	2,843	4,167	23,630	675	4,163	35,932
On disposals	-	-	-	-	-	-	-
At 31 March 2025	2,404	6,552	8,930	72,415	4,096	13,143	107,540
Net book values
Closing balance as at 31 March 2025	3,179	19,904	29,173	165,415	4,731	79,101	301,503
Opening balance as at 01 April 2024	3,633	16,561	33,340	133,544	5,406	83,264	275,748

Stocks

	2025 £		2024 £
Stocks	50,180		59,180
	50,180		59,180

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	3,111	6,926
Other Debtors	89,850	112,705
	92,961	119,631

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	229,342	225,958
Taxation and Social Security	52,972	91,350
Other Creditors	132,165	97,677
	414,479	414,985

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts	51,284		76,440
	51,284		76,440

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	41,520		0
	41,520		0

10.

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
80 Class A shares of £1.00 each	80	80
10 Class B shares of £1.00 each	10	10
10 Class C shares of £1.00 each	10	10
	100	100

Registered Number: 13286647
England and Wales
INNO HOSPITALITY COLLECTIVE LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025