| Regimental Inns Limited |
| Notes to the Accounts |
| for the year ended 30 April 2019 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
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Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
15% straight line |
|
Fixtures, fittings, tools and equipment |
20% straight line |
|
|
Stocks |
|
Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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Taxation |
|
|
Going concern |
|
These financial statements have been prepared on the going concern basis. The company is reliant upon the continuing support of its directors and creditors. The directors will continue to support the company for the foreseeable future. Most of the company's creditors are related parties. |
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|
| 2 |
Tangible fixed assets |
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|
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|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 May 2018 |
2,696 |
|
At 30 April 2019 |
2,696 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2018 |
2,696 |
|
At 30 April 2019 |
2,696 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2019 |
- |
|
|
| 3 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
67,541 |
|
- |
|
Other debtors |
8,901 |
|
9,343 |
|
|
|
|
|
|
76,442 |
|
9,343 |
|
|
|
|
|
|
|
|
|
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| 4 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Bank loans and overdrafts |
14,676 |
|
14,549 |
|
Trade creditors |
312,773 |
|
354,631 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
|
861,250 |
|
Taxation and social security costs |
1,570 |
|
1,354 |
|
Other creditors |
221,136 |
|
179,693 |
|
|
|
|
|
|
550,155 |
|
1,411,477 |
|
|
|
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|
|
|
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| 5 |
Related party transactions |
|
|
Churchill Property Group Ltd |
|
A company in which Mr S Westwell is a director and shareholder |
2019 |
|
2018 |
| £ |
£ |
|
|
Amount due from related party at the balance sheet date |
15,206 |
|
16,257 |
|
Amount due to related party at the balance sheet date |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
S Westwell |
|
A director and shareholder of the company |
2019 |
|
2018 |
| £ |
£ |
|
|
Amount due to related party at the balance sheet date |
201,294 |
|
150,629 |
|
|
|
|
|
|
|
|
|
|
E Bazzard |
|
A director and shareholder of the company |
2019 |
|
2018 |
| £ |
£ |
|
|
Amount due to related party at the balance sheet date |
212,362 |
|
212,362 |
|
|
|
|
|
|
|
|
|
|
Churchill Partnerships LLP |
2019 |
|
2018 |
| £ |
£ |
|
|
Amount due to related party at the balance sheet date |
- |
|
879,007 |
|
Amount due from related party at the balance sheet date |
52,335 |
|
- |
|
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| 6 |
Other information |
|
|
Regimental Inns Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
1 Waters Edge |
|
Marlow Bridge Lane |
|
Marlow |
|
Bucks |
|
SL7 1RJ |
