The Inn Place (Sunderland) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10850239 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2019

for

The Inn Place (Sunderland) Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C Bewick

REGISTERED OFFICE:

115 Chester Road

Sunderland

Tyne and Wear

SR4 7HG

REGISTERED NUMBER:

10850239 (England and Wales)

ACCOUNTANTS:

Michael Adamson & Co

Chartered Certified Acc'ts

115 Chester Road

Sunderland

SR4 7HG

CURRENT ASSETS

Stocks

4,870

4,759

Debtors

21,206

15,076

Cash at bank and in hand

27,822

25,184

53,898

45,019

CREDITORS

Amounts falling due within one year

146,680

72,266

NET CURRENT LIABILITIES

(92,782

)

(27,247

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(92,782

)

(27,247

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(92,882

)

(27,347

)

(92,782

)

(27,247

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 July 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2020 and were signed by:

Mr C Bewick - Director

Mr A Lawrence - Director

1.	STATUTORY INFORMATION

The Inn Place (Sunderland) 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.

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 Statement

of Income and Retained Earnings, 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 8 (2018 - 7 ) .

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended

31 July 2019 and the period ended 31 July 2018:

31.7.19

31.7.18

£

£

Mr C Bewick and Mr A Lawrence

Balance outstanding at start of year

4,500

-

Amounts advanced

10,355

4,500

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,855

4,500

5.	RELATED PARTY DISCLOSURES

All shares in this company are owned by Bewick Lawrence Holdings Ltd. The company is

also associated with Donkins Ltd which is also wholly owned by Bewick Lawrence Holdings

Ltd. At 31st July 2019 £81,190 was owed by The Inn Place (Sunderland) Ltd to Donkins Ltd

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Bewick Lawrence Holdings Ltd.