REGISTERED NUMBER: 08242473 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

FIRESIDE INNS & TAVERNS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Morris

J D Waddington

REGISTERED OFFICE:

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

REGISTERED NUMBER:

08242473 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

720,588

537,896

CURRENT ASSETS

Debtors

5

4,406

1,716

Cash at bank and in hand

9,595

18,450

14,001

20,166

CREDITORS

Amounts falling due within one year

6

154,183

328,284

NET CURRENT LIABILITIES

(140,182

)

(308,118

)

TOTAL ASSETS LESS CURRENT LIABILITIES

580,406

229,778

CREDITORS

Amounts falling due after more than one year

7

(430,430

)

(194,207

)

PROVISIONS FOR LIABILITIES

9

(36,871

)

(6,285

)

NET ASSETS

113,105

29,286

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

125,749

-

Retained earnings

(12,744

)

29,186

113,105

29,286

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2026 and were signed on its behalf by:

C Morris - Director

J D Waddington - Director

1.	STATUTORY INFORMATION

Fireside Inns & Taverns Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Freehold property held by the company is not subject to depreciation. This is a departure from the Companies Act 2006, stating that all tangible fixed assets should be depreciated over the useful economic life of the asset. Any depreciation charge on the asset would not, in the opinion of the directors, be material since the property is maintained to a high standard.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 February 2025

482,335

112,008

594,343

Additions

-

46,382

46,382

Revaluations

167,665

-

167,665

At 31 January 2026

650,000

158,390

808,390

DEPRECIATION

At 1 February 2025

-

56,447

56,447

Charge for year

-

31,355

31,355

At 31 January 2026

-

87,802

87,802

NET BOOK VALUE

At 31 January 2026

650,000

70,588

720,588

At 31 January 2025

482,335

55,561

537,896

The company's freehold property, with a carrying amount of £650,000 (2025: £482,335), was revalued as at 31 January 2026 by independent professionally qualified valuers who are not connected with the company. The valuation was undertaken on the basis of open market value.

Cost or valuation at 31 January 2026 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2026

167,665

-

167,665

Cost

482,335

158,390

640,725

650,000

158,390

808,390

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

VAT

4,135

-

Prepayments

271

1,716

4,406

1,716

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Bank loans and overdrafts

-

1,939

Trade creditors

36,961

11,979

Taxation and social security

-

2,186

Other creditors

117,222

312,180

154,183

328,284

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/26

31/1/25

£

£

Bank loans

430,430

194,207

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

430,430

183,305

8.	SECURED DEBTS

The following secured debts are included within creditors:

31/1/26

31/1/25

£

£

Bank loans

430,430

196,146

Bank loans and overdrafts are secured by fixed and floating charges over all the assets and undertaking of the company.

9.	PROVISIONS FOR LIABILITIES

31/1/26

31/1/25

£

£

Deferred tax

36,871

6,285

Deferred

tax

£

Balance at 1 February 2025

6,285

Credit to Income Statement during year

(11,330

)

Charge/(credit) to revaluation

41,916

Balance at 31 January 2026

36,871