REGISTERED NUMBER: 04633187 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

Three Horseshoes Inn Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

W Kirk

Mrs J Kirk

M W Kirk

S M Kirk

SECRETARY:

M W Kirk

REGISTERED OFFICE:

Blackshaw Moor

Leek

Staffordshire

ST13 8TW

REGISTERED NUMBER:

04633187 (England and Wales)

ACCOUNTANTS:

Paterson Brodie Limited

Chartered Certified Accountants

Cliveden Chambers

Cliveden Place

Longton

Stoke-on-Trent

Staffordshire

ST3 4JB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,212,734

1,327,513

Investments

6

15,066

15,066

1,227,800

1,342,579

CURRENT ASSETS

Stocks

7

49,996

49,858

Debtors

8

1,427,174

1,274,786

Cash at bank and in hand

527,816

538,690

2,004,986

1,863,334

CREDITORS

Amounts falling due within one year

9

1,059,324

977,539

NET CURRENT ASSETS

945,662

885,795

TOTAL ASSETS LESS CURRENT LIABILITIES

2,173,462

2,228,374

CREDITORS

Amounts falling due after more than one year

10

(497,114

)

(424,209

)

PROVISIONS FOR LIABILITIES

13

(97,642

)

(115,124

)

NET ASSETS

1,578,706

1,689,041

CAPITAL AND RESERVES

Called up share capital

14

1,000

1,000

Retained earnings

15

1,577,706

1,688,041

SHAREHOLDERS' FUNDS

1,578,706

1,689,041

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 2 June 2026 and were signed on its behalf by:

M W Kirk - Director

1.	STATUTORY INFORMATION

Three Horseshoes Inn 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

4% on cost

Spa plant & equipment

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 114 (2025 - 113 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

170,000

AMORTISATION

At 1 February 2025

and 31 January 2026

170,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Spa plant

property

property

& equipment

£

£

£

COST

At 1 February 2025

198,294

1,995,439

394,805

Additions

-

-

13,820

Disposals

-

-

(14,333

)

At 31 January 2026

198,294

1,995,439

394,292

DEPRECIATION

At 1 February 2025

71,678

1,225,046

264,747

Charge for year

3,966

79,818

13,986

Eliminated on disposal

-

-

(9,744

)

At 31 January 2026

75,644

1,304,864

268,989

NET BOOK VALUE

At 31 January 2026

122,650

690,575

125,303

At 31 January 2025

126,616

770,393

130,058

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2025

859,084

28,198

47,710

3,523,530

Additions

4,698

-

1,200

19,718

Disposals

-

-

-

(14,333

)

At 31 January 2026

863,782

28,198

48,910

3,528,915

DEPRECIATION

At 1 February 2025

568,916

26,608

39,022

2,196,017

Charge for year

29,318

398

2,422

129,908

Eliminated on disposal

-

-

-

(9,744

)

At 31 January 2026

598,234

27,006

41,444

2,316,181

NET BOOK VALUE

At 31 January 2026

265,548

1,192

7,466

1,212,734

At 31 January 2025

290,168

1,590

8,688

1,327,513

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.1.26

31.1.25

£

£

Investment in fine wines

15,066

15,066

The directors consider that the market value of the investment in fine wines is not significantly different to the original cost.

7.

STOCKS

31.1.26

31.1.25

£

£

Stocks

44,103

42,110

Spa stock

5,893

7,748

49,996

49,858

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

89,939

79,992

Amounts owed by group undertakings

36,850

5,933

Other debtors

1,180,331

1,174,535

Tax

100,000

-

Prepayments

20,054

14,326

1,427,174

1,274,786

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

69,919

76,585

Trade creditors

51,049

105,150

Tax

170,294

187,023

Social security and other taxes

26,098

20,106

VAT

124,599

121,698

Other creditors

17,137

21,742

Function deposits

223,223

182,621

Accommodation deposits

78,769

85,243

Spa deposits

137,783

142,675

Directors' loan accounts

115,000

-

Accrued expenses

45,453

34,696

1,059,324

977,539

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans - 1-2 years

66,585

69,918

Treasury loan

277,195

354,291

Directors' loan accounts

153,334

-

497,114

424,209

11.	LEASING AGREEMENTS

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

31.1.26

31.1.25

£

£

Within one year

29,430

29,430

Between one and five years

34,267

34,267

63,697

63,697

There is an ongoing agreement to pay £20,000 per annum for the rental of the premises.

12.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank loans

410,365

487,461

410,365

487,461

The Bank loans are secured by a charge on the Freehold property.

13.	PROVISIONS FOR LIABILITIES

31.1.26

31.1.25

£

£

Deferred tax

Accelerated capital allowances

97,642

115,124

Deferred

tax

£

Balance at 1 February 2025

115,124

Credit to Income Statement during year

(17,482

)

Balance at 31 January 2026

97,642

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

600

A ordinary

£1

600

600

400

B ordinary

£1

400

400

1,000

1,000

15.

RESERVES

Retained

earnings

£

At 1 February 2025

1,688,041

Profit for the year

414,665

Dividends

(525,000

)

At 31 January 2026

1,577,706

16.	RELATED PARTY DISCLOSURES

The company operates from premises owned jointly by 2 directors of the company. The company pays a rental of £20,000 per annum.

Included in other debtors is an amount of £1,167,150 (2025: £1,167,150) loaned to Kirk Property Investments Limited, a company in which 2 directors have a controlling interest.

All directors held shares in the parent company, Kirk Partnership Limited. dividends voted are credited by agreement to the directors loan accounts.

17.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Kirk Partnership Limited, a company registered in England and Wales. Kirk Partnership Limited has no ultimate controlling party.