REGISTERED NUMBER: 06086971 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

SMYTHE INNS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C J Smythe

REGISTERED OFFICE:

34-40 High Street

Wanstead

London

E11 2RJ

REGISTERED NUMBER:

06086971 (England and Wales)

ACCOUNTANTS:

THP Limited

Chartered Accountants

34-40 High Street

Wanstead

London

E11 2RJ

FIXED ASSETS

Tangible assets

4

20,573

28,555

CURRENT ASSETS

Stocks

19,925

19,639

Debtors

5

23,060

23,021

Cash at bank and in hand

107,469

92,066

150,454

134,726

CREDITORS

Amounts falling due within one year

6

87,915

104,764

NET CURRENT ASSETS

62,539

29,962

TOTAL ASSETS LESS CURRENT LIABILITIES

83,112

58,517

PROVISIONS FOR LIABILITIES

2,070

1,803

NET ASSETS

81,042

56,714

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

80,942

56,614

SHAREHOLDERS' FUNDS

81,042

56,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2026 and were signed by:

C J Smythe - Director

1.	STATUTORY INFORMATION

Smythe 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

Basis of preparing the financial statements

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.

The company's functional and presentation currency is the Pound sterling.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods and services supplied, net of returns, discounts and value added taxes. Revenue is recognised in the accounting period in which the services were rendered.

Tangible fixed assets

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

Short leasehold property

-

Straight line over the term of the lease

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and estimated selling price, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2025 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Short

Fixtures

leasehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2025

31,349

72,201

4,512

108,062

Additions

-

935

360

1,295

At 31 March 2026

31,349

73,136

4,872

109,357

DEPRECIATION

At 1 April 2025

22,367

53,581

3,559

79,507

Charge for year

1,254

7,273

750

9,277

At 31 March 2026

23,621

60,854

4,309

88,784

NET BOOK VALUE

At 31 March 2026

7,728

12,282

563

20,573

At 31 March 2025

8,982

18,620

953

28,555

5.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Prepayments and accrued income

1,167

1,128

Amounts falling due after more than one year:

Rent deposit

21,893

21,893

Aggregate amounts

23,060

23,021

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

36,762

31,341

Corporation tax

12,212

-

Social security and other taxes

4,901

5,880

VAT

6,212

17,133

Other creditors

8,463

19,776

Director's current account

12,814

23,467

Accruals and deferred income

6,551

7,167

87,915

104,764

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

77,961

77,961

Between one and five years

311,844

311,844

In more than five years

77,961

155,922

467,766

545,727

8.	RELATED PARTY DISCLOSURES

At the year end, the net amount owed to the director was £12,814 (2025: £23,467). The loan is payable on demand and interest free.