REGISTERED NUMBER:
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Financial Statements |
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for the Period |
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1 November 2019 to 30 April 2021 |
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for |
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Boudica Inns Limited |
REGISTERED NUMBER:
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Financial Statements |
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for the Period |
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1 November 2019 to 30 April 2021 |
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for |
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Boudica Inns Limited |
Boudica Inns Limited (Registered number: 05242740) |
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Contents of the Financial Statements |
for the Period 1 November 2019 to 30 April 2021 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Boudica Inns Limited |
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Company Information |
for the Period 1 November 2019 to 30 April 2021 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
28 Church Road |
Stanmore |
Middlesex |
HA7 4XR |
Boudica Inns Limited (Registered number: 05242740) |
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Statement of Financial Position |
30 April 2021 |
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2021 | 2019 |
Notes | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Inventories |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
Boudica Inns Limited (Registered number: 05242740) |
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Statement of Financial Position - continued |
30 April 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Boudica Inns Limited (Registered number: 05242740) |
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Notes to the Financial Statements |
for the Period 1 November 2019 to 30 April 2021 |
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1. | STATUTORY INFORMATION |
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Boudica Inns Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Short leasehold | - |
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Fixtures, fittings & equipment | - |
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Computer equipment | - |
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Government grants |
Government grants are recognised as income when the grant proceeds are received or receivable.The grant proceeds are recognised gross as other operating income within the financial statements, with the related costs in the period in which they are intended to compensate being presented in the appropriate expense category. |
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Stocks |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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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. |
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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 period end and that are expected to apply to the reversal of the timing difference. |
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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. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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Boudica Inns Limited (Registered number: 05242740) |
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Notes to the Financial Statements - continued |
for the Period 1 November 2019 to 30 April 2021 |
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4. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 November 2019 |
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Additions |
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At 30 April 2021 |
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DEPRECIATION |
At 1 November 2019 |
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Charge for period |
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At 30 April 2021 |
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NET BOOK VALUE |
At 30 April 2021 |
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At 31 October 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2019 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2019 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security & other taxes |
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Directors' current accounts | 48,566 | 27,100 |
Accruals and deferred income |
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Accruals & deferred income |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2021 | 2019 |
£ | £ |
Bank loans 2-5 years |
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Bank loans over 5 years |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans over 5 years | 25,455 | - |
Boudica Inns Limited (Registered number: 05242740) |
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Notes to the Financial Statements - continued |
for the Period 1 November 2019 to 30 April 2021 |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2021 | 2019 |
£ | £ |
Bank loans |
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The bank loan has been secured by a Debenture in favour of the company's bankers. |