Lion and Key Limited - Filleted accounts

Registered number

08893552

Lion and Key Limited

Filleted Accounts

31 March 2026

Lion and Key Limited
Registered number:		08893552
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		-			354

Current assets
Stocks		6,750			6,500
Debtors	5	208,039			157,383
		214,789			163,883

Creditors: amounts falling due within one year	6	(70,657)			(70,333)

Net current assets			144,132			93,550

Net assets			144,132			93,904

Capital and reserves
Called up share capital			100			100
Profit and loss account			144,032			93,804

Shareholders' funds			144,132			93,904

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D Good
Director
Approved by the board on 8 June 2026

Lion and Key Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of food and drink. Turnover is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 4 years

	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 sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		17		17


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 April 2025				48,000
	At 31 March 2026				48,000

	Amortisation
	At 1 April 2025				48,000
	At 31 March 2026				48,000

	Net book value
	At 31 March 2026				-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
					Plant and machinery
£
	Cost
	At 1 April 2025				39,734
	At 31 March 2026				39,734

	Depreciation
	At 1 April 2025				39,380
	Charge for the year				354
	At 31 March 2026				39,734

	Net book value
	At 31 March 2026				-
	At 31 March 2025				354


5	Debtors		2026		2025
£				£

	Amounts owed by related undertakings		206,722		156,656
	Other debtors		1,317		727
			208,039		157,383


6	Creditors: amounts falling due within one year		2026		2025
£				£

	Taxation and social security costs		67,363		66,288
	Other creditors		3,294		4,045
			70,657		70,333


7	Related party transactions

	At the 31st March 2026, the company owed £206,722 (2024: £156,656) to its parent company, GWB Hull Limited.


8	Controlling party

	The company is controlled by GWB Hull Limited.


9	Other information

	Lion and Key Limited is a private company limited by shares and incorporated in England. Its registered office is:
	48 High Street
	Hull
	HU1 1QE