REGISTERED NUMBER: 04332092 (England and Wales)

Fingle Bridge Inn Limited

Unaudited Financial Statements

for the Year Ended 28 February 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs J M Colton

REGISTERED OFFICE:

Fingle Bridge

Drewsteignton

Exeter

Devon

EX6 6PW

REGISTERED NUMBER:

04332092 (England and Wales)

ACCOUNTANTS:

ATC Advisors

Chartered Accountants

Unit 2 Dunheved Court

Pennygillam Way

LAUNCESTON

Cornwall

PL15 7ED

SOLICITORS:

Michelmores

18 Cathedral Yard

Exeter

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

51,183

60,493

51,183

60,493

CURRENT ASSETS

Stocks

8,750

8,500

Debtors

6

5,643

856

Cash at bank and in hand

338,421

362,526

352,814

371,882

CREDITORS

Amounts falling due within one year

7

76,808

98,697

NET CURRENT ASSETS

276,006

273,185

TOTAL ASSETS LESS CURRENT LIABILITIES

327,189

333,678

PROVISIONS FOR LIABILITIES

5,864

7,392

NET ASSETS

321,325

326,286

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

320,825

325,786

SHAREHOLDERS' FUNDS

321,325

326,286

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 5 November 2025 and were signed by:

Mrs J M Colton - Director

1.	STATUTORY INFORMATION

Fingle Bridge Inn 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

Turnover represents sales of goods, excluding value added tax.

Goodwill

Purchased goodwill was acquired in 2002, this has now been fully amortised over 20 years.

Tangible fixed assets

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

Leasehold Land and and Buildings -

Over 30 years on straight line basis, or the remainder of the life of the lease

Plant & Machinery Etc -

25% on a reducing balance

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 26 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

128,548

AMORTISATION

At 1 March 2024

and 28 February 2025

128,548

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

Property

machinery

fittings

Totals

£

£

£

£

COST

At 1 March 2024

53,079

88,357

74,754

216,190

Additions

-

250

-

250

At 28 February 2025

53,079

88,607

74,754

216,440

DEPRECIATION

At 1 March 2024

22,154

66,283

67,260

155,697

Charge for year

3,195

5,212

1,153

9,560

At 28 February 2025

25,349

71,495

68,413

165,257

NET BOOK VALUE

At 28 February 2025

27,730

17,112

6,341

51,183

At 29 February 2024

30,925

22,074

7,494

60,493

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

1,634

856

Other debtors

4,009

-

5,643

856

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

17,356

20,077

Taxation and social security

35,655

46,564

Other creditors

23,797

32,056

76,808

98,697

8.	OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies is £315,000 (2024: £360,000).

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

Mrs J M Colton

Balance outstanding at start of year

-

-

Amounts advanced

2,510

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,510

-

Director's Loan Account repaid within 9 Months of year end.

10.	ULTIMATE CONTROLLING PARTY

The Director, Mrs J.M Colton is also the Director and majority Shareholder of Finglebridge Holdings Limited, which owns 100% of the share capital in Finglebridge Inn Limited.