Company No: 11118316 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	25,540		40,140
Tangible assets	4	635,017		649,928
		660,557		690,068
Current assets
Stocks		8,766		5,934
Debtors	5	27,753		20,322
Cash at bank and in hand		26,376		38,667
		62,895		64,923
Creditors: amounts falling due within one year	6	( 233,132)		( 213,363)
Net current liabilities		(170,237)		(148,440)
Total assets less current liabilities		490,320		541,628
Creditors: amounts falling due after more than one year	7	( 984,615)		( 928,234)
Net liabilities		( 494,295)		( 386,606)
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		( 494,395 )		( 386,706 )
Total shareholder's deficit		( 494,295)		( 386,606)

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Tarrant Inns Limited (registered number: 11118316) were approved and authorised for issue by the Board of Directors on 20 July 2026. They were signed on its behalf by:

Miss L Jenkins Director

1. Accounting policies

The principle accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tarrant Inns Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Bearslake Inn, Sourton, Okehampton, EX20 4HQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	31		21

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2025	146,000		146,000
At 31 March 2026	146,000		146,000
Accumulated amortisation
At 01 April 2025	105,860		105,860
Charge for the financial year	14,600		14,600
At 31 March 2026	120,460		120,460
Net book value
At 31 March 2026	25,540		25,540
At 31 March 2025	40,140		40,140

4. Tangible assets

	Land and buildings		Plant and machinery		Total
	£		£		£
Cost
At 01 April 2025	744,553		32,092		776,645
Additions	0		3,142		3,142
At 31 March 2026	744,553		35,234		779,787
Accumulated depreciation
At 01 April 2025	107,771		18,946		126,717
Charge for the financial year	14,891		3,162		18,053
At 31 March 2026	122,662		22,108		144,770
Net book value
At 31 March 2026	621,891		13,126		635,017
At 31 March 2025	636,782		13,146		649,928

5. Debtors

	2026		2025
	£		£
Other debtors	27,753		20,322

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans and overdrafts	57,862		100,744
Trade creditors	68,509		44,889
Other taxation and social security	53,816		20,393
Other creditors	52,945		47,337
	233,132		213,363

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans (secured)	362,489		318,672
Other creditors	622,126		609,562
	984,615		928,234

The bank loans are secured against the assets to which they relate.

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100