Company No: 13264884 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	A M George
	N T P George
	W M George

REGISTERED OFFICE	Lowin House
	Tregolls Road
	Truro
	TR1 2NA
	United Kingdom

COMPANY NUMBER

13264884 (England and Wales)

CHARTERED ACCOUNTANTS	Francis Clark LLP
	Lowin House
	Tregolls Road
	Truro
	Cornwall TR1 2NA

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	64,000		76,800
Tangible assets	4	65,359		67,840
		129,359		144,640
Current assets
Stocks		17,827		17,739
Debtors	5	30,643		16,947
Cash at bank and in hand		65,539		44,942
		114,009		79,628
Creditors: amounts falling due within one year	6	( 175,566)		( 177,050)
Net current liabilities		(61,557)		(97,422)
Total assets less current liabilities		67,802		47,218
Creditors: amounts falling due after more than one year	7	( 7,775)		( 22,492)
Provision for liabilities	8	( 14,664)		( 14,701)
Net assets		45,363		10,025
Capital and reserves
Called-up share capital	9	150		150
Profit and loss account		45,213		9,875
Total shareholders' funds		45,363		10,025

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 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 The Logan Rock Inn Limited (registered number: 13264884) were approved and authorised for issue by the Board of Directors on 28 August 2026. They were signed on its behalf by:

A M George 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

The Logan Rock 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

Revenue comprises the fair value of the consideration received for the provision of food and drink. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount 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.

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

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:

Plant and machinery	20 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	20 % reducing balance
Office equipment	25 % 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.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	21		29

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2025	128,000		128,000
At 31 March 2026	128,000		128,000
Accumulated amortisation
At 01 April 2025	51,200		51,200
Charge for the financial year	12,800		12,800
At 31 March 2026	64,000		64,000
Net book value
At 31 March 2026	64,000		64,000
At 31 March 2025	76,800		76,800

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 April 2025	72,444		7,000		21,763		777		101,984
Additions	3,735		0		8,654		0		12,389
Disposals	( 850)		0		0		0		( 850)
At 31 March 2026	75,329		7,000		30,417		777		113,523
Accumulated depreciation
At 01 April 2025	20,565		2,734		10,544		301		34,144
Charge for the financial year	10,317		1,067		2,531		119		14,034
Disposals	( 14)		0		0		0		( 14)
At 31 March 2026	30,868		3,801		13,075		420		48,164
Net book value
At 31 March 2026	44,461		3,199		17,342		357		65,359
At 31 March 2025	51,879		4,266		11,219		476		67,840

5. Debtors

	2026		2025
	£		£
Other debtors	30,643		16,947

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	0		21,173
Trade creditors	22,747		27,606
Taxation and social security	63,478		45,191
Obligations under finance leases and hire purchase contracts	18,763		0
Other creditors	70,578		83,080
	175,566		177,050

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

	2026		2025
	£		£
Bank loans	0		22,492
Obligations under finance leases and hire purchase contracts	7,775		0
	7,775		22,492

8. Provision for liabilities

	2026		2025
	£		£
Other provisions	14,664		14,701

9. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
50 A ordinary shares of £ 1.00 each	50		50
50 B ordinary shares of £ 1.00 each	50		50
50 C ordinary shares of £ 1.00 each	50		50
	150		150