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REGISTERED NUMBER: 03614124 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 31 May 2023

for

Country House Weddings Limited

Country House Weddings Limited (Registered number: 03614124)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 3

Income Statement 7

Other Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Notes to the Financial Statements 11


Country House Weddings Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: H Bramer
N Bramer



SECRETARY: H Bramer



REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE



REGISTERED NUMBER: 03614124 (England and Wales)



AUDITORS: Cartwrights
Chartered Accountants and Business Advisors
Statutory Auditor
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE



BANKERS: Barclays Bank plc
Cambridge Business Centre
P.O. Box 326
Cambridge
CB4 3UT

Country House Weddings Limited (Registered number: 03614124)

Report of the Directors
for the Year Ended 31 May 2023

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

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of providing management services to subsidiary companies. The company also holds several other investments.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2022 to the date of this report.

H Bramer
N Bramer

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Cartwrights, will be proposed for re-appointment at the forthcoming Annual General Meeting.

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:





H Bramer - Director


15 January 2024

Report of the Independent Auditors to the Members of
Country House Weddings Limited

Opinion
We have audited the financial statements of Country House Weddings Limited (the 'company') for the year ended 31 May 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 May 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Country House Weddings Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Country House Weddings Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We ensured that the engagement team collectively had the appropriate competence, capabilities, and skills to identify or recognise non-compliance with applicable laws and regulations, and that they remained alert to instances of non-compliance throughout the audit.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- based on our understanding of the company and industry, and through discussions with directors and key management, we identified any specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation; and
- we assessed the extent of compliance with these laws and regulations through making enquiries of management and inspecting legal correspondence

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries, particularly focused around the year-end, to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates in the notes to the financial statements were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Country House Weddings Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Eric McIntyre FCCA (Senior Statutory Auditor)
for and on behalf of Cartwrights
Chartered Accountants and Business Advisors
Statutory Auditor
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

17 January 2024

Country House Weddings Limited (Registered number: 03614124)

Income Statement
for the Year Ended 31 May 2023

31/5/23 31/5/22
Notes £    £   

TURNOVER 2,232,198 1,680,143

Cost of sales (16,734 ) (23,364 )
GROSS PROFIT 2,215,464 1,656,779

Administrative expenses (1,639,415 ) (1,325,563 )
576,049 331,216

Other operating income 2,867 142,559
OPERATING PROFIT 4 578,916 473,775


Interest payable and similar expenses 5 (331,007 ) (181,526 )
PROFIT BEFORE TAXATION 247,909 292,249

Tax on profit 6 (5,879 ) (31,956 )
PROFIT FOR THE FINANCIAL YEAR 242,030 260,293

Country House Weddings Limited (Registered number: 03614124)

Other Comprehensive Income
for the Year Ended 31 May 2023

31/5/23 31/5/22
Notes £    £   

PROFIT FOR THE YEAR 242,030 260,293


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

242,030

260,293

Country House Weddings Limited (Registered number: 03614124)

Balance Sheet
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 983,822 956,196
Investments 8 22,002 22,002
1,005,824 978,198

CURRENT ASSETS
Debtors 9 29,536,558 23,724,934
Cash at bank and in hand 10,000 9,809
29,546,558 23,734,743
CREDITORS
Amounts falling due within one year 10 21,301,197 15,311,463
NET CURRENT ASSETS 8,245,361 8,423,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,251,185

9,401,478

CREDITORS
Amounts falling due after more than one year 11 (6,882,711 ) (7,266,821 )

PROVISIONS FOR LIABILITIES 14 (6,384 ) (14,597 )
NET ASSETS 2,362,090 2,120,060

CAPITAL AND RESERVES
Called up share capital 15 20,100 20,100
Retained earnings 16 2,341,990 2,099,960
SHAREHOLDERS' FUNDS 2,362,090 2,120,060

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2024 and were signed on its behalf by:





H Bramer - Director


Country House Weddings Limited (Registered number: 03614124)

Statement of Changes in Equity
for the Year Ended 31 May 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 June 2021 20,100 1,839,667 1,859,767

Changes in equity
Total comprehensive income - 260,293 260,293
Balance at 31 May 2022 20,100 2,099,960 2,120,060

Changes in equity
Total comprehensive income - 242,030 242,030
Balance at 31 May 2023 20,100 2,341,990 2,362,090

Country House Weddings Limited (Registered number: 03614124)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Country House Weddings 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised on the provision of management services.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings (freehold) - Nil
Plant and machinery - 15% straight line
Fixtures, fittings & equipment - 15 and 33% straight line
Motor vehicles - 25% straight line

Land and buildings (freehold) are not depreciated on the basis that it would not be material to do so.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

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.


Country House Weddings Limited (Registered number: 03614124)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 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.

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.

Investments
Fixed assets investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS
31/5/23 31/5/22
£    £   
Wages and salaries 1,078,911 737,311
Social security costs 123,623 80,009
Other pension costs 31,808 46,947
1,234,342 864,267

The average number of employees during the year was as follows:
31/5/23 31/5/22

Production and administration 25 17

31/5/23 31/5/22
£    £   
Directors' remuneration 88,000 88,000

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31/5/23 31/5/22
£    £   
Depreciation - owned assets 123,387 106,997
Profit on disposal of fixed assets - (131,838 )
Auditors' remuneration - 1,598

Country House Weddings Limited (Registered number: 03614124)

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

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31/5/23 31/5/22
£    £   
Bank loan interest 331,007 181,526

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31/5/23 31/5/22
£    £   
Current tax:
UK corporation tax 36,550 23,169
Under provision in previous
year (22,458 ) -
Total current tax 14,092 23,169

Deferred tax (8,213 ) 8,787
Tax on profit 5,879 31,956

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

31/5/23 31/5/22
£    £   
Profit before tax 247,909 292,249
Profit multiplied by the standard rate of corporation tax in the UK of 19%
(2022 - 19%)

47,103

55,527

Effects of:
Expenses not deductible for tax purposes 21,737 (20,610 )
Capital allowances in excess of depreciation (32,290 ) -
Depreciation in excess of capital allowances - 12,153
Adjustments to tax charge in respect of previous periods (22,458 ) -
Group relief - (23,901 )
Deferred tax (8,213 ) 8,787
Total tax charge 5,879 31,956

Country House Weddings Limited (Registered number: 03614124)

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

7. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2022 766,016 35,662 332,894 308,648 1,443,220
Additions - 23,282 40,837 86,894 151,013
At 31 May 2023 766,016 58,944 373,731 395,542 1,594,233
DEPRECIATION
At 1 June 2022 - 28,751 263,951 194,322 487,024
Charge for year - 2,516 45,062 75,809 123,387
At 31 May 2023 - 31,267 309,013 270,131 610,411
NET BOOK VALUE
At 31 May 2023 766,016 27,677 64,718 125,411 983,822
At 31 May 2022 766,016 6,911 68,943 114,326 956,196

8. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2022
and 31 May 2023 22,002
NET BOOK VALUE
At 31 May 2023 22,002
At 31 May 2022 22,002

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Swift Resources Limited
Registered office:
Nature of business: Venue hire and catering for weddings
%
Class of shares: holding
Ordinary 100.00
31/5/23 31/5/22
£    £   
Aggregate capital and reserves 1,761,045 1,556,339
Profit for the year 204,706 248,343

Country House Weddings Limited (Registered number: 03614124)

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

8. FIXED ASSET INVESTMENTS - continued

Gosfield Hall Limited
Registered office:
Nature of business: Venue hire and catering for weddings
%
Class of shares: holding
Ordinary 100.00
31/5/23 31/5/22
£    £   
Aggregate capital and reserves 5,532,736 5,031,147
Profit for the year 501,589 1,373,073

Anglo Scottish Leisure Limited
Registered office:
Nature of business: Venue hire and catering for weddings
%
Class of shares: holding
Ordinary 100.00
31/5/23 31/5/22
£    £   
Aggregate capital and reserves 3,474,935 3,074,189
Profit for the year 400,746 634,879

Holmewood Hall Limited
Registered office:
Nature of business: Venue hire and catering for weddings
%
Class of shares: holding
Ordinary 100.00
31/5/23 31/5/22
£    £   
Aggregate capital and reserves 372,794 30,521
Profit for the year 342,273 987,767

Hope & Anchor (Ross-on-Wye)
Registered office:
Nature of business: Management and operation of a public house
%
Class of shares: holding
Ordinary 100.00
31/5/23 31/5/22
£    £   
Aggregate capital and reserves (771,167 ) (364,142 )
Loss for the year (407,025 ) (364,242 )

Country House Weddings Limited (Registered number: 03614124)

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

8. FIXED ASSET INVESTMENTS - continued

Bourton Hall Limited
Registered office:
Nature of business: Venue hire and catering for weddings
%
Class of shares: holding
Ordinary 100.00
31/5/23 31/5/22
£    £   
Aggregate capital and reserves (40,356 ) (349,861 )
Profit for the year 309,505 143,959

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Purchase Ledger Debit Balances 15,835 -
Amounts owed by group undertakings 29,459,285 23,510,221
Other debtors 10,644 49,575
Tax - 109,041
VAT - 5,947
Prepayments and accrued income 50,794 50,150
29,536,558 23,724,934

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Bank loans and overdrafts (see note 12) 88,888 88,888
Hire purchase contracts (see note 13) 9,343 -
Trade creditors 95,462 74,243
Amounts owed to group undertakings 21,005,860 15,057,137
Tax 36,550 23,169
Social security and other taxes 37,875 26,040
VAT 19,691 -
Wages control account - 2,542
Directors' current accounts 7,506 39,422
Accruals and deferred income 22 22
21,301,197 15,311,463

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/23 31/5/22
£    £   
Bank loans (see note 12) 6,821,358 7,266,821
Hire purchase contracts (see note 13) 61,353 -
6,882,711 7,266,821

Country House Weddings Limited (Registered number: 03614124)

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

12. LOANS

An analysis of the maturity of loans is given below:

31/5/23 31/5/22
£    £   
Amounts falling due within one year or on demand:
Bank loans 88,888 88,888

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,133,332 2,133,332

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,688,026 5,133,489

The bank loan term facility of £8,000,000 was provided by Barclays Bank PLC at 18/12/2019 and is measured at amortised cost in the accounts. The loan is repayable within 5 years after the date of the first drawdown over 59 monthly repayment installments of £54,108 and a lump sum repayment sufficient to repay the loan in full on the final repayment date. Interest costs are recognised in the profit and loss account under the floating rate basis, under which the interest rate will never be less than the margin of 1.95% per annum.

The purpose of the loan was:

a) for refinanancing of various facilities made available to subsidiaries
b) to assist with purchase of Bourton Hall in Bourton Hall Limited

Country House Weddings Limited (Registered number: 03614124)

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

13. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31/5/23 31/5/22
£    £   
Gross obligations repayable:
Within one year 13,256 -
Between one and five years 70,405 -
83,661 -

Finance charges repayable:
Within one year 3,913 -
Between one and five years 9,052 -
12,965 -

Net obligations repayable:
Within one year 9,343 -
Between one and five years 61,353 -
70,696 -

14. PROVISIONS FOR LIABILITIES
31/5/23 31/5/22
£    £   
Deferred tax
Accelerated capital allowances 6,384 14,597

Deferred
tax
£   
Balance at 1 June 2022 14,597
Deferred Tax (8,213 )
Balance at 31 May 2023 6,384

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/23 31/5/22
value: £    £   
20,100 Ordinary £1 20,100 20,100

Country House Weddings Limited (Registered number: 03614124)

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

16. RESERVES
Retained
earnings
£   

At 1 June 2022 2,099,960
Profit for the year 242,030
At 31 May 2023 2,341,990

17. CONTINGENT LIABILITIES

The company is party to a cross guarantee arrangement relating to borrowings of the group. Net indebtedness under these arrangements at 31 May 2023 was £6,910,247 (2022: £7,355,710 ).

18. RELATED PARTY TRANSACTIONS

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

19. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Country House Weddings Holdings Limited, a company registered in England and Wales. The ultimate controlling party is H Bramer, by virtue of his shareholding.