Company No: 06559924 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	580,658		604,550
		580,658		604,550
Current assets
Stocks	5	34,789		35,011
Debtors	6	42,337		42,543
Cash at bank and in hand		41,020		97,589
		118,146		175,143
Creditors: amounts falling due within one year	7	( 203,500)		( 282,344)
Net current liabilities		(85,354)		(107,201)
Total assets less current liabilities		495,304		497,349
Creditors: amounts falling due after more than one year	8	( 83,367)		( 111,742)
Provision for liabilities		( 69,504)		( 70,903)
Net assets		342,433		314,704
Capital and reserves
Called-up share capital		100		100
Profit and loss account		342,333		314,604
Total shareholders' funds		342,433		314,704

For the financial year ending 30 April 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Bowgie Inn Limited (registered number: 06559924) were approved and authorised for issue by the Board of Directors on 21 August 2026. They were signed on its behalf by:

Mrs S Gray Director

1. Accounting policies

The principal 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

Bowgie Inn 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 Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Turnover

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 companies activities. Turnover is shown as net of value added tax.

The company recognises revenue at the point of sale in the public bar and restaurant.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

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 [straight-line, reducing balance] basis over its expected useful life, as follows:

Leasehold improvements	25 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	15 % 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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	44		41

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 May 2025	138,500		138,500
At 30 April 2026	138,500		138,500
Accumulated amortisation
At 01 May 2025	138,500		138,500
At 30 April 2026	138,500		138,500
Net book value
At 30 April 2026	0		0
At 30 April 2025	0		0

4. Tangible assets

	Leasehold improve- ments		Vehicles		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 May 2025	436,026		130,222		796,030		1,362,278
Additions	0		28,200		16,875		45,075
At 30 April 2026	436,026		158,422		812,905		1,407,353
Accumulated depreciation
At 01 May 2025	110,604		107,559		539,565		757,728
Charge for the financial year	17,441		11,540		39,986		68,967
At 30 April 2026	128,045		119,099		579,551		826,695
Net book value
At 30 April 2026	307,981		39,323		233,354		580,658
At 30 April 2025	325,422		22,663		256,465		604,550

5. Stocks

	2026		2025
	£		£
Stocks	34,789		35,011

6. Debtors

	2026		2025
	£		£
Other debtors	42,337		42,543

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	43,168		44,730
Trade creditors	65,370		78,856
Taxation and social security	44,470		38,514
Other creditors	50,492		120,244
	203,500		282,344

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

	2026		2025
	£		£
Bank loans	83,367		111,742

There are no amounts included above in respect of which any security has been given by the small entity.