ACCOUNTS - Final Accounts preparation

Share capital

Shares classified as equity

Company registration number: 01672560

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 28 FEBRUARY 2026

	RED LION LIMITED (THE)


RED LION LIMITED (THE) REGISTERED NUMBER:01672560

STATEMENT OF FINANCIAL POSITION

AS AT 28 FEBRUARY 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	5		337,918		328,433
			337,918		328,433
Current assets
Stocks		8,909		8,169
Debtors: amounts falling due within one year	6	5,364		5,105
Cash at bank and in hand		125,068		138,344
		139,341		151,618
Creditors: amounts falling due within one year	7	(87,480)		(96,442)
Net current assets			51,861		55,176
Total assets less current liabilities			389,779		383,609
Creditors: amounts falling due after more than one year	8		(28,981)		(44,537)
Provisions for liabilities
Deferred tax	9	(3,269)		(1,736)
			(3,269)		(1,736)
Net assets			357,529		337,336

Capital and reserves
Called up share capital	10	92,392	92,392
Share premium account		2,959	2,959
Other reserves		2,188	2,188
Profit and loss account		259,990	239,797
		357,529	337,336

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RED LION LIMITED (THE) REGISTERED NUMBER:01672560

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 28 FEBRUARY 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................ P J Barter	................................................ D I Clark
Director	Director

Date: 11 August 2026	Date:11 August 2026

The notes on pages 3 to 7 form part of these financial statements.

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RED LION LIMITED (THE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

1.	Statutory information

Red Lion Limited(The) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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 comparative financial information for the year ended 28 February 2025 was subject to a statutory audit by Menzies LLP, who expressed an unmodified audit opinion on those financial statements.

3.Accounting policies

3.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

3.2

Significant judgements and estimates

No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

3.3

Revenue recognition

Revenue from the sale of beverages is recognised at the point of sale when the goods are provided to the customer.

3.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

3.5

Current and deferred taxation

Tax 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 tax 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 is recognised in respect of all material 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.

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RED LION LIMITED (THE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

3.Accounting policies (continued)

3.5

Current and deferred taxation (continued)

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.

3.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Freehold property	-	Not depreciated
Freehold improvements	-	15 years on cost
Plant and machinery	-	5 years on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Section 17 of FRS 102, ‘Property, Plant and Equipment’, requires the depreciable amount of an asset to be allocated on a systematic basis over its useful life.
However, in the opinion of the directors, the residual value at the end of the estimated life of the freehold land and buildings represented by The Red Lion Public House is not likely to be materially lower than cost.
It is the company's policy to maintain the property in such a condition that its value is not diminished by the passage of time and maintenance expenditure is charged to profit before tax in the year in which it is incurred.
Therefore any depreciation is not material and no provision is made.

3.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

Employees

The average monthly number of employees, including directors, during the year was 7 (2025 - 7).

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RED LION LIMITED (THE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

5.	Tangible fixed assets

	Freehold property	Plant and machinery	Total
	£	£	£
Cost or valuation
At 1 March 2025	319,082	44,318	363,400
Additions	-	13,132	13,132
At 28 February 2026	319,082	57,450	376,532
Depreciation
At 1 March 2025	-	34,967	34,967
Charge for the year on owned assets	-	3,647	3,647
At 28 February 2026	-	38,614	38,614
Net book value
At 28 February 2026	319,082	18,836	337,918
At 28 February 2025	319,082	9,351	328,433

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RED LION LIMITED (THE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Debtors

					2026	2025
					£	£


Prepayments and accrued income	5,364	5,105
	5,364	5,105

7.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank loans	5,556	5,556
Trade creditors	12,870	16,808
Bills of exchange	10,000	10,000
Corporation tax	3,631	5,479
Other taxation and social security	8,029	7,340
Other creditors	6,096	2,514
Accruals and deferred income	41,298	48,745
	87,480	96,442

8.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Bank loans	18,981	24,537
Other creditors	10,000	20,000
	28,981	44,537

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RED LION LIMITED (THE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

9.	Deferred taxation

		2026
		£

	At beginning of year	(1,736)
	Charged to profit or loss	(1,533)
	At end of year	(3,269)

The provision for deferred taxation is made up as follows:
	2026	2025
	£	£

Accelerated capital allowances	(3,579)	(1,777)
Short term timing differences	310	41
	(3,269)	(1,736)

Allotted, called up and fully paid

92,392 (2025 - 92,392) Called up share capital shares of £1 each	92,392	92,392

11.	Reserves
		Retained Earnings	Share Premium	Other Reserves	Totals
		£	£	£	£


At 1st March 2025	239,797	2,959	2,188	244,944
Profit for the year	20,193	-	-	20,193
Share Capital movement	-	-	-	-
At 28th February 2026	259,990	2,959	2,188	265,137

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