Company No: 12238327 (England and Wales)

Contents

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

DIRECTOR

R M Harrison

REGISTERED OFFICE	The Tors Inn
	Belstone
	Okehampton
	EX20 1QZ
	United Kingdom

COMPANY NUMBER

12238327 (England and Wales)

ACCOUNTANT	Gravita Western Limited
	Keble House
	Southernhay Gardens
	Exeter
	EX1 1NT
	United Kingdom

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	0		5,902
Tangible assets	4	35,929		37,997
		35,929		43,899
Current assets
Stocks		12,720		12,000
Debtors	5	75,868		27,991
Cash at bank and in hand		3,020		21,161
		91,608		61,152
Creditors: amounts falling due within one year	6	( 100,216)		( 82,579)
Net current liabilities		(8,608)		(21,427)
Total assets less current liabilities		27,321		22,472
Creditors: amounts falling due after more than one year	7	( 20,654)		( 27,946)
Provision for liabilities		( 6,338)		( 8,503)
Net assets/(liabilities)		329		( 13,977)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		229		( 14,077 )
Total shareholder's funds/(deficit)		329		( 13,977)

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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Profit and Loss Account has not been delivered.

The financial statements of The Tors Inn Limited (registered number: 12238327) were approved and authorised for issue by the Director on 21 October 2026. They were signed on its behalf by:

R M Harrison 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 Tors 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 The Tors Inn, Belstone, Okehampton, EX20 1QZ, 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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers, net of value added tax.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.
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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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

6 years straight line

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of six 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 or reducing balance basis over its expected useful life, as follows:

Land and buildings	20 years straight line
Plant and machinery etc.	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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

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 Profit and Loss Account as described below.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.

Cash and cash equivalents

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade creditors, loans from banks and loans from related parties.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	16		16

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2025	42,500		42,500
At 31 March 2026	42,500		42,500
Accumulated amortisation
At 01 April 2025	36,598		36,598
Charge for the financial year	5,902		5,902
At 31 March 2026	42,500		42,500
Net book value
At 31 March 2026	0		0
At 31 March 2025	5,902		5,902

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2025	12,832		88,210		101,042
Additions	6,875		1,849		8,724
At 31 March 2026	19,707		90,059		109,766
Accumulated depreciation
At 01 April 2025	2,798		60,247		63,045
Charge for the financial year	3,227		7,565		10,792
At 31 March 2026	6,025		67,812		73,837
Net book value
At 31 March 2026	13,682		22,247		35,929
At 31 March 2025	10,034		27,963		37,997

5. Debtors

	2026		2025
	£		£
Amounts owed by Group undertakings	60,328		0
Other debtors	15,540		27,991
	75,868		27,991

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans and overdrafts	12,669		5,822
Trade creditors	22,910		25,748
Amounts owed to Group undertakings	11,137		18,434
Taxation and social security	50,456		29,352
Other creditors	3,044		3,223
	100,216		82,579

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

	2026		2025
	£		£
Bank loans	20,654		27,946

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

8. Related party transactions

Related company loans (under common ownership)
Included in creditors within one year is a loan with a related company £11,137 (2025 - £18,434). The loan is interest free and repayable on demand.
Included in debtors within one year is a loan with a related company £60,328 (2025 - £nil. The loan is interest free and repayable on demand.