Copley Arms Ltd Accounts






Copley Arms Ltd

	Company No. 16038731
		Information for Filing with The Registrar
		31 October 2025

at	31 October 2025
Company No.		16038731	Notes	2025
				£
Fixed assets

	Tangible assets		4	11,014


				11,014
Current assets
	Stocks		5	11,747
	Debtors		6	6,570

	Cash at bank and in hand			87,889
				106,206
Creditors: Amount falling due within one year			7	(110,183)
Net current liabilities				(3,977)
Total assets less current liabilities				7,037

Provisions for liabilities
	Deferred taxation			(2,364)

Net assets				4,673

Capital and reserves
	Called up share capital			100



	Profit and loss account		9	4,573

Total equity				4,673



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the period ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 13 May 2026 and signed on its behalf by:
J. Lothian
Director
13 May 2026

for the period ended 31 October 2025

General information

Copley Arms Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 16038731

Its registered office is:

Copley Arms

Hessenford

Torpoint

Cornwall

PL11 3HJ

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of bar, food, and accommodation sales net of discounts and value added taxes, and is recognised at the time of sale.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

15-33% Straight line

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock is recognised as expense in the period in which the revenue is recognised.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2025
			Number
		The average monthly number of employees (including directors) during the period:	16

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation

		Additions	12,772	12,772



		At 31 October 2025	12,772	12,772
		Depreciation

		Charge for the year	1,758	1,758



		At 31 October 2025	1,758	1,758
		Net book values
		At 31 October 2025	11,014	11,014

5	Stocks
			2025
			£


		Finished goods	11,747
			11,747

6	Debtors
			2025
			£
		Trade debtors	583





		Other debtors	61
		Prepayments and accrued income	5,926
			6,570

7	Creditors:
		amounts falling due within one year
			2025
			£

		Bank loans and overdrafts	11,639


		Trade creditors	32,334

		Taxes and social security	54,036
		Loans from directors	3,215
		Other creditors	1,439
		Accruals and deferred income	7,520
			110,183

Share Capital

100 ordinary £1 shares fully paid

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.