The Duncombe Arms Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07520092 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2020 TO 31 MARCH 2021

FOR

THE DUNCOMBE ARMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

The Hon J E GREENALL

Mrs L GREENALL

J S ODDY

REGISTERED OFFICE:

Wootton Hall

Wootton

Ellastone

Ashbourne

Derbyshire

DE6 2GW

REGISTERED NUMBER:

07520092 (England and Wales)

ACCOUNTANTS:

Bradley Accounting Plus Ltd

41 St John Street

Ashbourne

Derbyshire

DE6 1GP

FIXED ASSETS

Tangible assets

4

25,313

28,976

CURRENT ASSETS

Stocks

16,256

34,497

Debtors

5

60,637

37,271

Cash at bank and in hand

168,990

208,692

245,883

280,460

CREDITORS

Amounts falling due within one year

6

129,463

163,863

NET CURRENT ASSETS

116,420

116,597

TOTAL ASSETS LESS CURRENT LIABILITIES

141,733

145,573

PROVISIONS FOR LIABILITIES

4,809

5,505

NET ASSETS

136,924

140,068

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

136,823

139,967

136,924

140,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2021 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 August 2021 and were signed on its behalf by:

The Hon J E GREENALL - Director

1.	STATUTORY INFORMATION

The Duncombe Arms 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 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.

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 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.

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 period 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 period was 23 (2020 - 65 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2020

90,534

Additions

14,702

Disposals

(16,324

)

At 31 March 2021

88,912

DEPRECIATION

At 1 March 2020

61,558

Charge for period

17,669

Eliminated on disposal

(15,628

)

At 31 March 2021

63,599

NET BOOK VALUE

At 31 March 2021

25,313

At 29 February 2020

28,976

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

4,743

21,793

Other debtors

12,904

-

Tax

257

-

VAT

2,713

-

Prepayments

40,020

15,478

60,637

37,271

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

7,406

66,746

Tax

215

6,528

Social security and other taxes

-

59,496

Other creditors

-

31,093

Directors' current accounts

3,327

-

Deferred income

6,542

-

Accrued expenses

111,973

-

129,463

163,863