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Registration number: 15863778

The Globe Inn Looe Limited
trading as The Globe Inn
Unaudited Filleted Financial Statements
for the Period from 29 July 2024 to 31 July 2025

The Globe Inn Looe Limited
trading as The Globe Inn

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

The Globe Inn Looe Limited
trading as The Globe Inn

Company Information

Directors | Mr S V Norris Ms A K Wernham

Registered office | Lower Flat 1 Brenton Terrace Downderry Devon PL11 3JB

Accountants | Regulatory Accounting Ltd Vicarage Court 160 Ermin Street Swindon Wiltshire SN3 4NE

The Globe Inn Looe Limited
trading as The Globe Inn

(Registration number: 15863778)
Balance Sheet as at 31 July 2025

| Note | 2025 £
Fixed assets |  |
Tangible assets | 4 | 27,098
Current assets |  |
Debtors | 5 | 31,791
Cash at bank and in hand |  | 74,969
|  | 106,760
Creditors: Amounts falling due within one year | 6 | (145,870)
Net current liabilities |  | (39,110)
Net liabilities |  | (12,012)
Capital and reserves |  |
Called up share capital | 7 | 2
Retained earnings |  | (12,014)
Shareholders' deficit |  | (12,012)

The Globe Inn Looe Limited
trading as The Globe Inn

(Registration number: 15863778)
Balance Sheet as at 31 July 2025

For the financial period ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 June 2026 and signed on its behalf by:

......................................... Mr S V Norris Director | ......................................... Ms A K Wernham Director |

The Globe Inn Looe Limited
trading as The Globe Inn

Notes to the Unaudited Financial Statements for the Period from 29 July 2024 to 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lower Flat 1
Brenton Terrace
Downderry
Devon
PL11 3JB
England

These financial statements were authorised for issue by the Board on 25 June 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

The Globe Inn Looe Limited
trading as The Globe Inn

Notes to the Unaudited Financial Statements for the Period from 29 July 2024 to 31 July 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures & Fittings | 10% Straight Line
Office Equipment | 25% Straight Line
Plant & Machinery | 25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

The Globe Inn Looe Limited
trading as The Globe Inn

Notes to the Unaudited Financial Statements for the Period from 29 July 2024 to 31 July 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 9.

The Globe Inn Looe Limited
trading as The Globe Inn

Notes to the Unaudited Financial Statements for the Period from 29 July 2024 to 31 July 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
Additions | 19,791 | 12,932 | 32,723
At 31 July 2025 | 19,791 | 12,932 | 32,723
Depreciation
Charge for the period | 2,392 | 3,233 | 5,625
At 31 July 2025 | 2,392 | 3,233 | 5,625
Carrying amount
At 31 July 2025 | 17,399 | 9,699 | 27,098

5 | Debtors

Current | 2025 £
Trade debtors | 1,963
Prepayments | 708
Other debtors | 29,120
| 31,791

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £
Due within one year |
Trade creditors | 268
Taxation and social security | 37,667
Accruals and deferred income | 17,784
Other creditors | 90,151
| 145,870

The Globe Inn Looe Limited
trading as The Globe Inn

Notes to the Unaudited Financial Statements for the Period from 29 July 2024 to 31 July 2025

7 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
Ordinary of £1 each | 2 | 2

8 | Related party transactions

Transactions with directors

2025 | At 29 July 2024 £ | Advances to director £ | Repayments by director £ | At 31 July 2025 £
| - | 8,105 | (98,255) | (90,150)

Loans to related parties

2025 | Entities with joint control or significant influence £ | Total £
Advanced | 11,120 | 11,120
At end of period | 11,120 | 11,120

Terms of loans to related parties

There are no set repayment terms on this loan.

Summary of transactions with entities with joint control or significant interest

There is a balance owed from Precision Component Services Ltd. This is a company under joint control as director S Norris held a controlling shareholding of this company.