The Sorrel Horse Shottisham Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07673624 (England and Wales)

Financial Statements

for the Year Ended 31 August 2026

for

The Sorrel Horse Shottisham Limited

Page

Company Information

1

Chair's Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

C V Norton

D A Woodmansey

N Brett

C Ellis

K Boyce

REGISTERED OFFICE:

8 Deben Mill Business Centre

Old Maltings Approach

Woodbridge

Suffolk

IP12 1BL

REGISTERED NUMBER:

07673624 (England and Wales)

ACCOUNTANTS:

Pinfold & Co

8 Deben Mill Business Centre

Old Maltings Approach

Woodbridge

Suffolk

IP12 1BL

The new tenants, House of Power have been in place for just over a year at time of writing. Despite a challenging start, due to trading during the winter months, Michelle has settled in well and has built up the business. The campsite visitors have boosted business during the summer months and there have been some large bookings including the successful village Christmas dinner. Michelle has opened a café in the barn serving light snacks and homemade cakes.

The thatch ridge was replaced in January which the directors approved the payment for. Unfortunately, an unforeseen cost of £2023 was agreed to be paid from the company funds due to years of neglect on the sewage waste system. We have asked the tenant to ensure an annual service is put in place. We managed to negotiate insurance cover by a different broker which has reduced the outgoings a little. Most recently we have the challenge of the boundary wall due to ivy being removed by the neighbour. This will have to be repaired and although not listed, it will need to be in keeping with the pub as a listed building and being in a conservation area.

The sector continues to be challenging particularly in rural locations and with the ongoing increased costs. This hasn't been helped by the reassessed business rates, (£4000+), being applied for 2026/27. The property has been exempt from business rates since covid. Therefore, the directors have continued to keep the rent at £15000 plus vat for another year.

N Brett - Chair

30 October 2026

FIXED ASSETS

Intangible assets

4

-

Investment property

5

381,133

CURRENT ASSETS

Debtors

6

21,410

24,805

Cash at bank

44,210

44,305

65,620

69,110

CREDITORS

Amounts falling due within one year

7

(13,232

)

(15,844

)

NET CURRENT ASSETS

52,388

53,266

TOTAL ASSETS LESS CURRENT
LIABILITIES

433,521

434,399

CAPITAL AND RESERVES

Called up share capital

8

450,000

Retained earnings

(16,479

)

(15,601

)

SHAREHOLDERS' FUNDS

433,521

434,399

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

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

N Brett - Director

1.	STATUTORY INFORMATION

The Sorrel Horse Shottisham Limited 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

The turnover represents net invoiced sales of services and the primary source of income is that of rents receivable, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill represents the nominal goodwill purchased as part of the contract of sale of the pub to the company. Goodwill has been fully amortised.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2025

and 31 August 2026

381,133

NET BOOK VALUE

At 31 August 2026

381,133

At 31 August 2025

381,133

The directors consider that the value of the investment property has not materially changed.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.26

31.8.25

£

Trade debtors

9,948

12,529

Prepayments and accrued income

11,462

12,276

21,410

24,805

The Covid-19 rent concession that has been in place since the 2021 accounts has now been adjusted to be smoothed over the remainder of the lease term.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.26

31.8.25

£

Trade creditors

8,290

8,545

Corporation Tax

-

2,033

VAT

2,679

3,184

Accruals and deferred income

2,263

2,082

13,232

15,844

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.26

31.8.25

value:

£

900

Ordinary

£500

450,000