Bravin Inns Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10458757

Bravin Inns Limited

Filleted Unaudited Financial Statements

31 March 2025

Bravin Inns Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		81,510	106,414

Current assets

Stocks		7,779	7,999
Debtors	6	3,327	22,784
Cash at bank and in hand		683,744	485,960
		---------	---------
		694,850	516,743

Creditors: amounts falling due within one year	7	133,727		128,315
		---------		---------
Net current assets			561,123	388,428
			---------	---------
Total assets less current liabilities			642,633	494,842
			---------	---------
Net assets			642,633	494,842
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	642,533	494,742
	---------	---------
Shareholders funds	642,633	494,842
	---------	---------

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Bravin Inns Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 7 January 2026 , and are signed on behalf of the board by:

A Viney
Director

Company registration number: 10458757

Bravin Inns Limited

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 The Punchbowl Inn, Oxford Street, Woodstock, England, OX20 1TR.

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.

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

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.

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:

Fixtures and fittings	-	20% reducing balance
Motor Vehicles	-	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.

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.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2024: 13 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	75,872	130,782	206,654
Additions	350	–	350
	--------	---------	---------
At 31 March 2025	76,222	130,782	207,004
	--------	---------	---------
Depreciation
At 1 April 2024	49,217	51,023	100,240
Charge for the year	5,315	19,939	25,254
	--------	---------	---------
At 31 March 2025	54,532	70,962	125,494
	--------	---------	---------
Carrying amount
At 31 March 2025	21,690	59,820	81,510
	--------	---------	---------
At 31 March 2024	26,655	79,759	106,414
	--------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	3,327	22,784
	-------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	22,801	22,748
Corporation tax	68,863	72,604
Social security and other taxes	30,205	30,655
Other creditors	11,858	2,308
	---------	---------
	133,727	128,315
	---------	---------

8. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
A Viney	( 628)	( 55,944)	55,828	( 744)
	----	--------	--------	----

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
A Viney	( 15,066)	( 35,157)	49,595	( 628)
	--------	--------	--------	----