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REGISTERED NUMBER: 04631065 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Eggesford Country Hotel Limited

Eggesford Country Hotel Limited (Registered number: 04631065)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Eggesford Country Hotel Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs H Walker-Lane
M E Lane





SECRETARY:





REGISTERED OFFICE: Fox And Hounds Hotel
Eggesford
Chulmleigh
EX18 7JZ





REGISTERED NUMBER: 04631065 (England and Wales)





ACCOUNTANTS: OCL Accountancy
141 Englishcombe Lane
Bath
BA2 2EL

Eggesford Country Hotel Limited (Registered number: 04631065)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 608,598 635,636
Investments 5 100 100
608,698 635,736

CURRENT ASSETS
Stocks 12,000 12,000
Debtors 6 875 1,375
Cash in hand 5,269 7,162
18,144 20,537
CREDITORS
Amounts falling due within one year 7 224,846 205,762
NET CURRENT LIABILITIES (206,702 ) (185,225 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

401,996

450,511

PROVISIONS FOR LIABILITIES 2,436 4,201
NET ASSETS 399,560 446,310

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 399,460 446,210
399,560 446,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





Mrs H Walker-Lane - Director


Eggesford Country Hotel Limited (Registered number: 04631065)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Eggesford Country Hotel 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.

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 - 2% on cost
Plant and machinery etc - 20% on reducing balance

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

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 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.

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 31 (2023 - 35 ) .

Eggesford Country Hotel Limited (Registered number: 04631065)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 908,357 505,164 1,413,521
Additions - 3,026 3,026
At 31 January 2024 908,357 508,190 1,416,547
DEPRECIATION
At 1 February 2023 294,833 483,052 777,885
Charge for year 21,759 8,305 30,064
At 31 January 2024 316,592 491,357 807,949
NET BOOK VALUE
At 31 January 2024 591,765 16,833 608,598
At 31 January 2023 613,524 22,112 635,636

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 100
NET BOOK VALUE
At 31 January 2024 100
At 31 January 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 875 1,375

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 1,129 11,608
Trade creditors - 994
Amounts owed to group undertakings 115,163 105,716
Taxation and social security 83,929 60,661
Other creditors 24,625 26,783
224,846 205,762

8. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Devon Country Hotels Ltd. Mr M Lane and Mrs H Walker-Lane are the ultimate controlling parties by virtue of their shareholding in Devon Country Hotels Ltd.