Rostrevor Inn Ltd iXBRL

Rostrevor Inn Ltd

Abridged Unaudited Financial Statements

for the financial year ended 31 March 2026

Rostrevor Inn Ltd

Company Registration Number: NI617190

ABRIDGED BALANCE SHEET

as at 31 March 2026

		2026	2025
	Notes	£	£

Fixed Assets

Intangible assets

96,603

96,603

Tangible assets

341,032

346,992

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Fixed Assets

437,635

443,595

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Current Assets

Stocks

18,269

14,139

Debtors

4,418

4,104

Cash at bank and in hand

121,809

114,639

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144,496

132,882

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Creditors: amounts falling due within one year

(431,894)

(431,092)

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Net Current Liabilities

(287,398)

(298,210)

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Total Assets less Current Liabilities

150,237

145,385

Provisions for liabilities

(5,308)

(4,848)

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Net Assets

144,929

140,537

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Capital and Reserves

Called up share capital

Retained earnings

144,927

140,535

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Shareholders' Funds

144,929

140,537

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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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Director and authorised for issue on 8 September 2026



________________________________
Mr. Seth Linder
Director

Rostrevor Inn Ltd

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 March 2026

General Information

Rostrevor Inn Ltd is a private company limited by shares & incorporated in Northern Ireland. Rose Cottage, 27 Bridge Street, Rostrevor, Co. Down, BT34 3BG, Northern Ireland is the registered office. The principal place of business of the company is 31-35 Bridge Street, Rostrevor, Co. Down BT34 3BG. The company number is NI617190.

The financial statements cover the individual entity for the year ended 31 March 2026.

The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 March 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of services provided by the company, exclusive of trade discounts and value added tax. Revenue is recognised once the services have been rendered and the turnover can be reliably measured.?

Intangible assets

Licence costs

Licence costs are valued at cost and are assessed for impairment on an annual basis.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Land and buildings freehold

2% Straight line

Plant and machinery

20% Reducing balance

Fixtures, fittings and equipment

15% Straight line

Office Equipment

20% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Profit and Loss Account in the period to which they relate.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Government grants

Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including director, during the financial year was:

2026

2025

Number

Number

Staff

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4.	Intangible assets
		Licence
		costs
		£
	Cost
	At 1 April 2025	96,603
		─────────

	At 31 March 2026	96,603
		─────────
	Amortisation
	At 1 April 2025	-
		─────────
	Net book value
	At 31 March 2026	96,603
		═════════
	At 31 March 2025	96,603
		═════════


5.	Tangible assets
		Land and	Plant and	Fixtures,	Office	Total
		buildings	machinery	fittings and	Equipment
		freehold		equipment
		£	£	£	£	£
	Cost
	At 1 April 2025	390,000	47,388	45,010	1,052	483,450
	Additions	-	6,800	293	-	7,093
		─────────	─────────	─────────	─────────	─────────
	At 31 March 2026	390,000	54,188	45,303	1,052	490,543
		─────────	─────────	─────────	─────────	─────────
	Depreciation
	At 1 April 2025	62,400	27,996	45,010	1,052	136,458
	Charge for the financial year	7,800	5,238	15	-	13,053
		─────────	─────────	─────────	─────────	─────────
	At 31 March 2026	70,200	33,234	45,025	1,052	149,511
		─────────	─────────	─────────	─────────	─────────
	Net book value
	At 31 March 2026	319,800	20,954	278	-	341,032
		═════════	═════════	═════════	═════════	═════════
	At 31 March 2025	327,600	19,392	-	-	346,992
		═════════	═════════	═════════	═════════	═════════

Pension commitments

The company operates a defined contribution pension scheme for the benefit of the employees. At the year end, there was £1,097 due to the fund (2025: £1,015), this is included in creditors: amounts falling due within one year.