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REGISTERED NUMBER: 10886706 (England and Wales)















Report of the Directors and

Unaudited Consolidated Financial Statements for the Year Ended 31 December 2023

for

The Distinctly Hospitable Group Limited

The Distinctly Hospitable Group Limited (Registered number: 10886706)






Contents of the Consolidated Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Directors 2

Consolidated Income Statement 3

Consolidated Statement of Financial Position 4

Company Statement of Financial Position 6

Consolidated Statement of Changes in Equity 8

Company Statement of Changes in Equity 9

Notes to the Consolidated Financial Statements 10


The Distinctly Hospitable Group Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Petrouis
Mrs K Petrouis
Miss H Petrouis
M J Hirst





REGISTERED OFFICE: Muckley Corner House
Walsall Road
Lichfield
United Kingdom
WS14 0BG





REGISTERED NUMBER: 10886706 (England and Wales)





ACCOUNTANT: Groucott Moor Limited
Lombard House
Cross Keys
Lichfield
Staffordshire
WS13 6DN

The Distinctly Hospitable Group Limited (Registered number: 10886706)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of restaurant and event venues with accommodation.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

M Petrouis
Mrs K Petrouis
Miss H Petrouis
M J Hirst

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M Petrouis - Director


6 February 2024

The Distinctly Hospitable Group Limited (Registered number: 10886706)

Consolidated Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
£    £   

TURNOVER 7,694,683 7,534,472

Cost of sales 2,145,095 2,035,912
GROSS PROFIT 5,549,588 5,498,560

Administrative expenses 4,831,458 4,598,408
718,130 900,152

Other operating income 276,059 240,328
OPERATING PROFIT 994,189 1,140,480


Interest payable and similar expenses 19,023 14,932
PROFIT BEFORE TAXATION 975,166 1,125,548

Tax on profit 256,417 225,167
PROFIT FOR THE FINANCIAL
YEAR

718,749

900,381

Profit attributable to:
Owners of the parent 718,749 900,381

The Distinctly Hospitable Group Limited (Registered number: 10886706)

Consolidated Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,602,589 1,067,871
Investments 6 - -
1,602,589 1,067,871

CURRENT ASSETS
Stocks 93,832 150,041
Debtors 7 182,561 374,791
Cash at bank and in hand 2,750,154 2,725,722
3,026,547 3,250,554
CREDITORS
Amounts falling due within one year 8 2,331,435 2,880,469
NET CURRENT ASSETS 695,112 370,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,297,701

1,437,956

CREDITORS
Amounts falling due after more than one
year

9

(36,458

)

(98,958

)

PROVISIONS FOR LIABILITIES (53,214 ) (56,659 )
NET ASSETS 2,208,029 1,282,339

The Distinctly Hospitable Group Limited (Registered number: 10886706)

Consolidated Statement of Financial Position - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,207,929 1,282,239
SHAREHOLDERS' FUNDS 2,208,029 1,282,339

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





M Petrouis - Director


The Distinctly Hospitable Group Limited (Registered number: 10886706)

Company Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investments 6 382,206 382,206
382,206 382,206

CURRENT ASSETS
Debtors 7 100 100
Cash at bank 1,000,000 -
1,000,100 100
CREDITORS
Amounts falling due within one year 8 1,000,000 382,206
NET CURRENT ASSETS/(LIABILITIES) 100 (382,106 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,306

100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 382,206 -
SHAREHOLDERS' FUNDS 382,306 100

Company's profit for the financial year 175,255 192,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Distinctly Hospitable Group Limited (Registered number: 10886706)

Company Statement of Financial Position - continued
31 December 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





M Petrouis - Director


The Distinctly Hospitable Group Limited (Registered number: 10886706)

Consolidated Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2022 100 574,758 574,858

Changes in equity
Dividends - (192,900 ) (192,900 )
Total comprehensive income - 900,381 900,381
Balance at 31 December 2022 100 1,282,239 1,282,339

Changes in equity
Dividends - (175,265 ) (175,265 )
Total comprehensive income - 1,100,955 1,100,955
Balance at 31 December 2023 100 2,207,929 2,208,029

The Distinctly Hospitable Group Limited (Registered number: 10886706)

Company Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2022 100 - 100

Changes in equity
Dividends - (192,900 ) (192,900 )
Total comprehensive income - 192,900 192,900
Balance at 31 December 2022 100 - 100

Changes in equity
Dividends - (175,255 ) (175,255 )
Total comprehensive income - 557,461 557,461
Balance at 31 December 2023 100 382,206 382,306

The Distinctly Hospitable Group Limited (Registered number: 10886706)

Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

The Distinctly Hospitable Group 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Land and buildings - 5% on cost
Plant and machinery etc - 20% on reducing balance

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 Consolidated 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 statement of financial position date.


The Distinctly Hospitable Group Limited (Registered number: 10886706)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 group operates a defined contribution pension scheme. Contributions payable to the group'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 161 (2022 - 159 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was 161 (2022 - 155 ) .

4. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


The Distinctly Hospitable Group Limited (Registered number: 10886706)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS

Group
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,161,244 776,585 1,937,829
Additions 703,500 29,096 732,596
Disposals (22,065 ) - (22,065 )
At 31 December 2023 1,842,679 805,681 2,648,360
DEPRECIATION
At 1 January 2023 477,776 392,182 869,958
Charge for year 111,855 63,958 175,813
At 31 December 2023 589,631 456,140 1,045,771
NET BOOK VALUE
At 31 December 2023 1,253,048 349,541 1,602,589
At 31 December 2022 683,468 384,403 1,067,871

6. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 382,206
NET BOOK VALUE
At 31 December 2023 382,206
At 31 December 2022 382,206

The Distinctly Hospitable Group Limited (Registered number: 10886706)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Subsidiaries

WH Hospitality Limited
Registered office: Muckley Corner House, Walsall Road, Lichfield, Staffs, WS14 0BG
Nature of business: restaurant and event venue with accommodation
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 1,547,213 1,563,463
Profit for the year 66,025 144,045

SH Hospitality Limited
Registered office: Muckley Corner House, Walsall Road, Lichfield, Staffs, WS14 0BG
Nature of business: restaurant and event venue with accommodation
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 335,755 351,376
Profit/(loss) for the year 15,000 (79,745 )

HH Hospitality Limited
Registered office: Muckley Corner House, Walsall Road, Lichfield, Staffs, WS14 0BG
Nature of business: restaurant and event venue with accommodation
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 324,962 (250,495 )
Profit for the year 637,724 643,180


The Distinctly Hospitable Group Limited (Registered number: 10886706)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Trade debtors 1,650 1,584 - -
Other debtors 180,911 373,207 100 100
182,561 374,791 100 100

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Bank loans and overdrafts 62,500 62,500 - -
Payments on account 741,903 1,228,799 - -
Trade creditors 430,177 419,656 - -
Amounts owed to group undertakings - - 1,000,000 -
Taxation and social security 792,718 539,746 - -
Other creditors 304,137 629,768 - 382,206
2,331,435 2,880,469 1,000,000 382,206

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

Group
31.12.23 31.12.22
£    £   
Bank loans 36,458 98,958