Registration number: 12959165

Theredlion@heytesbury Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Theredlion@heytesbury Ltd

Company Information

Directors

Mr R M Tilley Mrs T F Tilley

Registered office

C/o Ash Grove Accounting Limited 4 Kenn Road Clevedon Somerset BS21 6EL

Accountants

Ash Grove Accounting Limited Accountants4 Kenn Road Clevedon Somerset BS21 6EL

Theredlion@heytesbury Ltd

(Registration number: 12959165)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	418,927	32,860
Current assets
Stocks	5	8,175	10,100
Debtors	6	11,475	11,238
Cash at bank and in hand		13,012	21,172
		32,662	42,510
Creditors: Amounts falling due within one year	7	(210,789)	(31,424)
Net current (liabilities)/assets		(178,127)	11,086
Total assets less current liabilities		240,800	43,946
Creditors: Amounts falling due after more than one year	7	(216,634)	-
Provisions for liabilities		(11,196)	(6,243)
Net assets		12,970	37,703
Capital and reserves
Called up share capital	8	100	100
Retained earnings		12,870	37,603
Shareholders' funds		12,970	37,703

For the financial year ending 31 October 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 June 2026 and signed on its behalf by:
 

......................................... Mr R M Tilley Director

Theredlion@heytesbury Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/o Ash Grove Accounting Limited
4 Kenn Road
Clevedon
Somerset
BS21 6EL
England

The principal place of business is:
Muddiford Inn
Muddiford
Barnstaple
Devon
EX31 4EY

These financial statements were authorised for issue by the Board on 1 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Theredlion@heytesbury Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	0% straight line per annum
Plant and machinery	15% straight line per annum
Fixtures and fittings	15% straight line per annum
Office equipment	15% straight line per annum

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Theredlion@heytesbury Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 10).

Theredlion@heytesbury Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 November 2024	-	57,684	-	474
Additions	360,000	45,810	5,620	-
Disposals	-	(30,875)	-	-
At 31 October 2025	360,000	72,619	5,620	474
Depreciation
At 1 November 2024	-	25,061	-	237
Charge for the year	-	10,149	388	42
Eliminated on disposal	-	(16,091)	-	-
At 31 October 2025	-	19,119	388	279
Carrying amount
At 31 October 2025	360,000	53,500	5,232	195
At 31 October 2024	-	32,623	-	237

	Total £
Cost or valuation
At 1 November 2024	58,158
Additions	411,430
Disposals	(30,875)
At 31 October 2025	438,713
Depreciation
At 1 November 2024	25,298
Charge for the year	10,579
Eliminated on disposal	(16,091)
At 31 October 2025	19,786
Carrying amount
At 31 October 2025	418,927
At 31 October 2024	32,860

Included within the net book value of land and buildings above is £360,000 (2024 - £Nil) in respect of freehold land and buildings.
 

Theredlion@heytesbury Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

5

Stocks

	2025 £	2024 £
Other inventories	8,175	10,100

6

Debtors

Current	2025 £	2024 £
Trade debtors	165	-
Prepayments	2,192	6,016
Other debtors	9,118	5,222
	11,475	11,238

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	5,500	-
Trade creditors		43,759	10,809
Taxation and social security		12,351	18,745
Accruals and deferred income		1,926	1,787
Other creditors		147,253	83
		210,789	31,424

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £5,500 (2024 - £Nil).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	216,634	-

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £216,634 (2024 - £Nil).

8	Share capital

Allotted, called up and fully paid shares

Theredlion@heytesbury Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	216,634	-

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,500	-

10

Dividends

		2025		2024
		£		£
Interim dividend of £200.00 (2024 - £330.00) per ordinary share		20,000		33,000

11	Related party transactions

Theredlion@heytesbury Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	18,120	18,120
Contributions paid to money purchase schemes	2,640	2,880
	20,760	21,000