Elizabeth Inns Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05525218 (England and Wales)

Financial Statements

for the Year Ended 31 January 2018

for

Elizabeth Inns Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A L Cattermole

REGISTERED OFFICE:

Merchant House

33 Fore Street

Ipswich

Suffolk

IP4 1JL

REGISTERED NUMBER:

05525218 (England and Wales)

AUDITORS:

Mudd Partners LLP

Statutory Auditors

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

CURRENT ASSETS

Debtors

4

358,758

359,135

Cash at bank and in hand

100,951

41,600

459,709

400,735

CREDITORS

Amounts falling due within one year

5

13,298

7,038

NET CURRENT ASSETS

446,411

393,697

TOTAL ASSETS LESS CURRENT LIABILITIES

446,411

393,697

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

446,409

393,695

SHAREHOLDERS' FUNDS

446,411

393,697

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 12 July 2018 and were signed by:

A L Cattermole - Director

1.	STATUTORY INFORMATION

Elizabeth Inns 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 retrospective discounts received and machine income net of VAT

and trade discounts.

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 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.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,

they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement

constitutes a finance transaction it is measured at present value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Amounts owed by group undertakings

50,000

11

Other debtors

308,758

359,124

358,758

359,135

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Amounts owed to group undertakings

101

-

Taxation and social security

12,511

6,664

Other creditors

686

374

13,298

7,038

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.18

31.1.17

value:

£

£

2

Ordinary

£1

2

2

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeffrey Stanley (Senior Statutory Auditor)

for and on behalf of Mudd Partners LLP

8.	PARENT UNDERTAKING

The parent undertaking is Elizabeth Holdings Plc. The parent undertaking shares its registered office with the

company.

Copies of the group accounts can be obtained at Companies House, Cardiff, CF14 3UZ.