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Registration number: 07737731

Buccaneer Sun Inn Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Buccaneer Sun Inn Limited

Company Information

Director

Mr M Evans

Registered office

Barclays Bank Chambers 18 High Street Tenby Pembrokeshire SA70 7HD

Buccaneer Sun Inn Limited

(Registration number: 07737731)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	119,304
Investment property	5	133,301	-
		133,301	119,304
Current assets
Debtors	6	194,316	191,815
Cash at bank and in hand		-	2,038
		194,316	193,853
Creditors: Amounts falling due within one year	7	(227,563)	(230,219)
Net current liabilities		(33,247)	(36,366)
Net assets		100,054	82,938
Capital and reserves
Called up share capital	8	100	100
Retained earnings		99,954	82,838
Shareholders' funds		100,054	82,938

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 August 2026
 

......................................... Mr M Evans Director

Buccaneer Sun Inn Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
Barclays Bank Chambers
18 High Street
Tenby
Pembrokeshire
SA70 7HD

These financial statements were authorised for issue by the director on 25 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Buccaneer Sun Inn Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold Building	2% Straight line basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Buccaneer Sun Inn Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 December 2024	133,301	133,301
Transfers to/from investment property	(133,301)	(133,301)
At 30 November 2025	-	-
Depreciation
At 1 December 2024	13,997	13,997
Transfers	(13,997)	(13,997)
At 30 November 2025	-	-
Carrying amount
At 30 November 2025	-	-
At 30 November 2024	119,304	119,304

Included within the net book value of land and buildings above is £Nil (2024 - £119,304) in respect of freehold land and buildings.
 

5	Investment properties

	2025 £
Transfers to and from owner-occupied property	133,301
At 30 November	133,301

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		940	5,815
Amounts owed by related parties	9	193,376	186,000
		194,316	191,815

Buccaneer Sun Inn Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Taxation and social security		779	3,295
Amounts owed to group undertakings and undertakings in which the company has a participating interest		4,637	4,513
Directors' loan accounts		221,247	217,747
Other creditors		900	4,664
		227,563	230,219

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

9	Related party transactions

During the year the company gave financial assistance to Harbour Brewery Tenby Limited, a company controlled by the director. The balance due from the company at the balance sheet date was £156,000 (2024 £156,000). This loan is interest free and repayable on demand and has been included under note 7.

During the year the company gave financial assistance to Cobourg Development Limited, a company controlled by the director. The balance due from the company at the balance sheet date was £32,300.59 (2024 £30,000). This loan is interest free and repayable on demand and has been included under note 7.

During the year the company received financial assistance from Buccaneer Tenby Limited, a company controlled by the director. The balance due from the company at the balance sheet date was £2,835 (2024 £2,835). This loan is interest free and repayable on demand and has been included under note 8.

During the year the company received financial assistance from Tenby Bookshop (Tenby) Limited, a company controlled by the director. The balance due from the company at the balance sheet date was £1,678 (2024 £1,678). This loan is interest free and repayable on demand and has been included under note 8.

During the year the company received financial assistance from Harbwr Tenby Limited, a company controlled by the director. The balance due from the company at the balance sheet date was £124 (2024 £NIL). This loan is interest free and repayable on demand and has been included under note 8.

Buccaneer Sun Inn Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Transactions with the director

2025	At 1 December 2024 £	Repayments by director £	At 30 November 2025 £
Mr M Evans
Interest free loan, and repayable on demand	(217,747)	(3,500)	(221,247)

2024	At 1 December 2023 £	Repayments by director £	At 30 November 2024 £
Mr M Evans
Interest free loan, and repayable on demand	(226,747)	9,000	(217,747)