REGISTERED NUMBER: 14988450 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

STEPHEN JAMES INNS LTD

TRADING AS

THE PHEASANT AT KEYSTON

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J K McFarlane

J L McFarlane

REGISTERED OFFICE:

34a The Broadway

St Ives

PE27 5BN

REGISTERED NUMBER:

14988450 (England and Wales)

ACCOUNTANTS:

Bradshaw Johnson

Chartered Accountants

Croft Chambers

11 Bancroft

Hitchin

Hertfordshire

SG5 1JQ

FIXED ASSETS

Tangible assets

4

41,799

CURRENT ASSETS

Stocks

13,850

Debtors

5

153,421

Cash at bank

25,538

192,809

CREDITORS

Amounts falling due within one year

6

134,777

NET CURRENT ASSETS

58,032

TOTAL ASSETS LESS CURRENT LIABILITIES

99,831

CREDITORS

Amounts falling due after more than one year

7

69,234

NET ASSETS

30,597

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

30,595

30,597

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 17 September 2026 and were signed on its behalf by:

J K McFarlane - Director

1.	STATUTORY INFORMATION

Stephen James Inns 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.

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.

Improvements to property - useful life of 7 years

Kitchen Equipment - useful life of 5 years

Fixtures and Fittings - useful life of 5 years

Motor Vehicles - 25% reducing balance

Computer equipment - useful life of 2 years

Stocks

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Kitchen

and

property

equipment

fittings

£

£

£

COST

At 1 April 2025

5,352

19,005

-

Additions

-

4,603

587

At 31 March 2026

5,352

23,608

587

DEPRECIATION

At 1 April 2025

1,209

4,648

-

Charge for year

765

4,108

39

At 31 March 2026

1,974

8,756

39

NET BOOK VALUE

At 31 March 2026

3,378

14,852

548

At 31 March 2025

4,143

14,357

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

-

2,875

27,232

Additions

22,923

1,945

30,058

At 31 March 2026

22,923

4,820

57,290

DEPRECIATION

At 1 April 2025

-

2,084

7,941

Charge for year

1,433

1,205

7,550

At 31 March 2026

1,433

3,289

15,491

NET BOOK VALUE

At 31 March 2026

21,490

1,531

41,799

At 31 March 2025

-

791

19,291

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

349

Amounts owed by group undertakings

151,257

Other debtors

1,815

153,421

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

8,195

Hire purchase contracts

3,562

Trade creditors

26,502

Amounts owed to group undertakings

1,521

Taxation and social security

67,818

Other creditors

27,179

134,777

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

53,609

Hire purchase contracts

15,625

69,234