IRIS Accounts Production v24.3.0.553 06458959 Board of Directors 31.1.24 1.2.23 31.1.24 31.1.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Holding Company true true false true true false false true false Ordinary 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064589592023-01-31064589592024-01-31064589592023-02-012024-01-31064589592022-01-31064589592022-02-012023-01-31064589592023-01-3106458959ns14:PoundSterling2023-02-012024-01-3106458959ns10:Director12023-02-012024-01-3106458959ns10:Consolidated2024-01-3106458959ns10:ConsolidatedGroupCompanyAccounts2023-02-012024-01-3106458959ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3106458959ns10:Consolidatedns10:MediumEntities2023-02-012024-01-3106458959ns10:Consolidatedns10:Audited2023-02-012024-01-3106458959ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3106458959ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3106458959ns10:Consolidated2023-02-012024-01-3106458959ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-02-012024-01-3106458959ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForAccounts2023-02-012024-01-3106458959ns10:FullAccounts2023-02-012024-01-3106458959ns10:OrdinaryShareClass12023-02-012024-01-3106458959ns10:Director22023-02-012024-01-3106458959ns10:RegisteredOffice2023-02-012024-01-3106458959ns10:Consolidated2022-02-012023-01-3106458959ns5:CurrentFinancialInstruments2024-01-3106458959ns5:CurrentFinancialInstruments2023-01-3106458959ns5:Non-currentFinancialInstruments2024-01-3106458959ns5:Non-currentFinancialInstruments2023-01-3106458959ns5:ShareCapital2024-01-3106458959ns5:ShareCapital2023-01-3106458959ns5:RevaluationReserve2024-01-3106458959ns5:RevaluationReserve2023-01-3106458959ns5:RetainedEarningsAccumulatedLosses2024-01-3106458959ns5:RetainedEarningsAccumulatedLosses2023-01-3106458959ns5:ShareCapital2022-01-3106458959ns5:RetainedEarningsAccumulatedLosses2022-01-3106458959ns5:RevaluationReserve2022-01-3106458959ns5:RetainedEarningsAccumulatedLosses2022-02-012023-01-3106458959ns5:RevaluationReserve2022-02-012023-01-3106458959ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-3106458959ns5:RevaluationReserve2023-02-012024-01-3106458959ns5:PlantMachinery2023-01-3106458959ns5:PlantMachinery2023-02-012024-01-3106458959ns5:PlantMachinery2024-01-3106458959ns5:PlantMachinery2023-01-3106458959ns5:CostValuation2023-01-3106458959ns5:AdditionsToInvestments2024-01-3106458959ns5:CostValuation2024-01-3106458959ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3106458959ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3106458959ns5:Secured2024-01-3106458959ns5:Secured2023-01-3106458959ns10:OrdinaryShareClass12024-01-3106458959ns5:RevaluationReserve2023-01-31
REGISTERED NUMBER: 06458959












Group Strategic Report, Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 January 2024

for

HATTON GROUP HOLDINGS LIMITED

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)






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




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Consolidated Income Statement 9

Consolidated Other Comprehensive Income 10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 14

Company Statement of Changes in Equity 15

Consolidated Cash Flow Statement 16

Notes to the Consolidated Cash Flow Statement 17

Notes to the Consolidated Financial Statements 19


HATTON GROUP HOLDINGS LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: D L R Hiscox
L A Hiscox





REGISTERED OFFICE: Top Floor Offices
Hatton Court Hotel
Upton St Leonards
Gloucstershire
GL4 8DE





REGISTERED NUMBER: 06458959





AUDITORS: John S Ward & Co Limited
Statutory Auditors
26-28 Headlands
Kettering
Northamptonshire
NN15 7HP

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

Group Strategic Report
for the Year Ended 31 January 2024

The directors present their strategic report of the company and the group for the year ended 31 January 2024.

REVIEW OF BUSINESS
Following structural reorganisation in previous years the Group continues to concentrate on the hotel and pub operations post Covid 19

PRINCIPAL RISKS AND UNCERTAINTIES
The group's principal financial instruments comprise bank balances, trade debtors, trade creditors, hire purchase agreements and government grants. The main purpose of the instruments is to raise and maintain working capital and finance the group's operations. due to the nature of these financial instruments there is no exposure to risk. the group's approach to managing continuity of funding and flexibility as appropriate through the use of loans and overdrafts. Trade Debtors: Managed for credit and cashflow risk by appropriate credit levels offered and ongoing monitoring of outstanding debt. Trade Creditors: Liquidity risk is managed by ensuring there is sufficient funds available to cover amounts as they fall due. Banks:Loans and overdrafts: Repayments and interest are fixed thus allowing the group to manage liquidity by ensuring that adequate funds are available as and when they fall due.

KEY PERFORMANCE INDICTOR
The Company turnover increased to £3,999,924 (up from £3,709,630) profits of £124,050 were achieved (previous year £397,495). The Company as with many hospitality businesses had to combat inflationary pressures throughout the year, in particular high food and energy costs. The completion of two property refurbishments in the early part of the year led to improved sales the last quarter

EMPLOYEES
The group provides a safe and hygienic environment and provides appropriate health and safety and occupational training. All working directives are complied with and there is no discrimination in hiring, compensation or access to training, promotion, overtime, termination or retirement based upon race, caste, national origin, age, disability, marital status and sexual orientation, union membership or political affiliation.

ENVIRONMENT
The group recognizes that it has a responsibility beyond legal and regulatory requirements and constantly endeavour to minimize any adverse impact on the environment arising from its activities


HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

Group Strategic Report
for the Year Ended 31 January 2024

FUTURE DEVELOPMENTS
With most of the significant refurbishments complete the company is now in a strong position to maximise the benefits of its investment. With inflationary pressures on food and utility costs coming back under control profit margins will continue to improve. The company is now focusing on implementing upgrades to systems throughout the business to further improve and enhance efficiencies and profitability

ON BEHALF OF THE BOARD:



D L R Hiscox - Director


25 October 2024

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

Report of the Directors
for the Year Ended 31 January 2024

The directors present their report with the financial statements of the company and the group for the year ended 31 January 2024.

DIVIDENDS
No dividends will be distributed for the year ended 31 January 2024.

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

D L R Hiscox
L A Hiscox

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

Report of the Directors
for the Year Ended 31 January 2024


AUDITORS
The auditors, John S Ward & Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





D L R Hiscox - Director


25 October 2024

Report of the Independent Auditors to the Members of
HATTON GROUP HOLDINGS LIMITED

Opinion
We have audited the financial statements of HATTON GROUP HOLDINGS LIMITED (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 January 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 31 January 2024 and of the group's 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 group 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 group's and the parent 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.

Report of the Independent Auditors to the Members of
HATTON GROUP HOLDINGS LIMITED


Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and 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 Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company 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.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
HATTON GROUP HOLDINGS 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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud-

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.

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.




J Nacca FCCA (Senior Statutory Auditor)
for and on behalf of John S Ward & Co Limited
Statutory Auditors
26-28 Headlands
Kettering
Northamptonshire
NN15 7HP

25 October 2024

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

Consolidated Income Statement
for the Year Ended 31 January 2024

2024 2023
Notes £    £   

TURNOVER 3,999,924 3,709,630

Cost of sales 1,852,754 1,721,732
GROSS PROFIT 2,147,170 1,987,898

Administrative expenses 2,297,131 2,425,228
(149,961 ) (437,330 )

Other operating income 507,816 986,000
OPERATING PROFIT 4 357,855 548,670


Interest payable and similar
expenses

5

233,805

151,175
PROFIT BEFORE TAXATION 124,050 397,495

Tax on profit 6 19,800 (9,955 )
PROFIT FOR THE FINANCIAL
YEAR

104,250

407,450
Profit attributable to:
Owners of the parent 104,250 407,450

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

Consolidated Other Comprehensive Income
for the Year Ended 31 January 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 104,250 407,450


OTHER COMPREHENSIVE INCOME
Revaluation 9,618 -
Income tax relating to other
comprehensive income

-

-
OTHER COMPREHENSIVE
INCOME FOR THE YEAR, NET OF
INCOME TAX


9,618


-
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

113,868

407,450

Total comprehensive income attributable to:
Owners of the parent 113,868 407,450

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

Consolidated Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 7,278,780 7,021,241
Investments 10 - -
7,278,780 7,021,241

CURRENT ASSETS
Stocks 11 47,602 44,575
Debtors 12 147,883 334,988
Cash at bank 578,462 139,654
773,947 519,217
CREDITORS
Amounts falling due within one year 13 1,660,123 1,540,805
NET CURRENT LIABILITIES (886,176 ) (1,021,588 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,392,604

5,999,653

CREDITORS
Amounts falling due after more than
one year

14

(4,484,865

)

(4,225,582

)

PROVISIONS FOR LIABILITIES 18 (134,845 ) (115,045 )
NET ASSETS 1,772,894 1,659,026

CAPITAL AND RESERVES
Called up share capital 19 32,104 32,104
Revaluation reserve 20 1,254,544 1,244,926
Retained earnings 20 486,246 381,996
SHAREHOLDERS' FUNDS 1,772,894 1,659,026

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





D L R Hiscox - Director


HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

Company Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 2,781 3,776
Investments 10 2,394,397 1,954,164
2,397,178 1,957,940

CURRENT ASSETS
Debtors 12 61,256 14,935
Cash at bank 3,414 13,073
64,670 28,008
CREDITORS
Amounts falling due within one year 13 188,847 70,329
NET CURRENT LIABILITIES (124,177 ) (42,321 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,273,001

1,915,619

CREDITORS
Amounts falling due after more than
one year

14

500,000

500,000
NET ASSETS 1,773,001 1,415,619

CAPITAL AND RESERVES
Called up share capital 19 32,104 32,104
Revaluation reserve 2,362,297 1,922,064
Retained earnings (621,400 ) (538,549 )
SHAREHOLDERS' FUNDS 1,773,001 1,415,619

Company's (loss)/profit for the
financial year

(82,851

)

200,010

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

Company Balance Sheet - continued
31 January 2024


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 25 October 2024 and were signed on its behalf by:





D L R Hiscox - Director


HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

Consolidated Statement of Changes in Equity
for the Year Ended 31 January 2024

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 February 2022 32,104 (25,454 ) 1,244,926 1,251,576

Changes in equity
Total comprehensive income - 407,450 - 407,450
Balance at 31 January 2023 32,104 381,996 1,244,926 1,659,026

Changes in equity
Total comprehensive income - 104,250 9,618 113,868
Balance at 31 January 2024 32,104 486,246 1,254,544 1,772,894

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

Company Statement of Changes in Equity
for the Year Ended 31 January 2024

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 February 2022 32,104 (738,559 ) 1,714,624 1,008,169

Changes in equity
Total comprehensive income - 200,010 207,440 407,450
Balance at 31 January 2023 32,104 (538,549 ) 1,922,064 1,415,619

Changes in equity
Total comprehensive income - (82,851 ) 440,233 357,382
Balance at 31 January 2024 32,104 (621,400 ) 2,362,297 1,773,001

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

Consolidated Cash Flow Statement
for the Year Ended 31 January 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 278,213 429,252
Interest paid (209,116 ) (141,718 )
Interest element of finance lease
payments paid

(23,755

)

(7,040

)
Finance costs paid (934 ) (2,417 )
Net cash from operating activities 44,408 278,077

Cash flows from investing activities
Purchase of tangible fixed assets (350,092 ) (348,124 )
Sale of tangible fixed assets 2,832 -
Net cash from investing activities (347,260 ) (348,124 )

Cash flows from financing activities
New loans in year 1,100,000 -
Loan repayments in year (468,001 ) (113,593 )
Capital repayments in year 109,661 139,757
Government Grants - 16,000
Net cash from financing activities 741,660 42,164

Increase/(decrease) in cash and cash
equivalents

438,808

(27,883

)
Cash and cash equivalents at
beginning of year

2

139,654

167,537

Cash and cash equivalents at
end of year

2

578,462

139,654

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 January 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 124,050 397,495
Depreciation charges 102,171 196,151
Profit on disposal of fixed assets (2,832 ) -
Government grants - (16,000 )
Finance costs 233,805 151,175
457,194 728,821
Increase in stocks (3,027 ) (10,505 )
Decrease/(increase) in trade and other debtors 187,105 (108,025 )
Decrease in trade and other creditors (363,059 ) (181,039 )
Cash generated from operations 278,213 429,252

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 January 2024
31.1.24 1.2.23
£    £   
Cash and cash equivalents 578,462 139,654
Year ended 31 January 2023
31.1.23 1.2.22
£    £   
Cash and cash equivalents 139,654 167,537


HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 January 2024

3. ANALYSIS OF CHANGES IN NET DEBT

At 1.2.23 Cash flow At 31.1.24
£    £    £   
Net cash
Cash at bank 139,654 438,808 578,462
139,654 438,808 578,462
Debt
Finance leases (147,444 ) (109,661 ) (257,105 )
Debts falling due within 1 year (133,329 ) 13,860 (119,469 )
Debts falling due after 1 year (2,410,590 ) (645,859 ) (3,056,449 )
(2,691,363 ) (741,660 ) (3,433,023 )
Total (2,551,709 ) (302,852 ) (2,854,561 )

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

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

1. STATUTORY INFORMATION

HATTON GROUP HOLDINGS LIMITED is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the General 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 as modified by the revaluation of certain assets.

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
Plant & Machinery Between 2 to 15 years
Fittings, Fixtures & Equipment Between 2 to 15 years


Freehold Property is maintained to a high standard for Trading purposes and the directors consider the economic life of the property is thereby extended so as to make any provision for depreciation immaterial.

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 balance sheet date.


HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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
2024 2023
£    £   
Wages and salaries 2,058,436 1,999,037

The average number of employees during the year was as follows:
2024 2023

Service and Production 86 83
Administration and Management 9 9
95 92

2024 2023
£    £   
Directors' remuneration 110,594 98,286

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

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

4. OPERATING PROFIT

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

2024 2023
£    £   
Depreciation - owned assets 90,326 192,350
Depreciation - assets on finance leases 11,845 3,801
Profit on disposal of fixed assets (2,832 ) -
Auditors' remuneration 29,845 31,743

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 209,116 141,718
Hire purchase 23,755 7,040
Other Interest 934 2,417
233,805 151,175

6. TAXATION

Analysis of the tax charge/(credit)
The tax charge/(credit) on the profit for the year was as follows:
2024 2023
£    £   
Deferred tax 19,800 (9,955 )
Tax on profit 19,800 (9,955 )

Tax effects relating to effects of other comprehensive income

2024
Gross Tax Net
£    £    £   
Revaluation 9,618 - 9,618

7. 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.


HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

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

8. GOVERNMENT GRANTS

2024 2023
Coronavirus Job Retention Scheme £    £   

Local/Additional Restrictions Support Grant - 16,000

The Grant Income has been credited to Profit and Loss Account as Other Operating Income

9. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 February 2023 5,766,416 12,312 3,425,736 9,204,464
Additions 65,496 - 284,596 350,092
Disposals - - (5,000 ) (5,000 )
Revaluations 9,618 - - 9,618
At 31 January 2024 5,841,530 12,312 3,705,332 9,559,174
DEPRECIATION
At 1 February 2023 - 4,473 2,178,750 2,183,223
Charge for year - 995 101,176 102,171
Eliminated on disposal - - (5,000 ) (5,000 )
At 31 January 2024 - 5,468 2,274,926 2,280,394
NET BOOK VALUE
At 31 January 2024 5,841,530 6,844 1,430,406 7,278,780
At 31 January 2023 5,766,416 7,839 1,246,986 7,021,241

Cost or valuation at 31 January 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
Valuation in 2023 5,841,530 12,312 3,705,332 9,559,174

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

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

9. TANGIBLE FIXED ASSETS - continued

Group

Fixed assets, included in the above, which are held under finance leases are as follows:
Fixtures
and
fittings
£   
COST OR VALUATION
At 1 February 2023 156,817
Additions 202,738
At 31 January 2024 359,555
DEPRECIATION
At 1 February 2023 3,801
Charge for year 11,845
At 31 January 2024 15,646
NET BOOK VALUE
At 31 January 2024 343,909
At 31 January 2023 153,016

Company
Plant and
machinery
£   
COST
At 1 February 2023
and 31 January 2024 4,274
DEPRECIATION
At 1 February 2023 498
Charge for year 995
At 31 January 2024 1,493
NET BOOK VALUE
At 31 January 2024 2,781
At 31 January 2023 3,776

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

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

10. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 February 2023 1,954,164
Additions 440,233
At 31 January 2024 2,394,397
NET BOOK VALUE
At 31 January 2024 2,394,397
At 31 January 2023 1,954,164

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

Subsidiaries

Hatton Properties Limited
Registered office: Hatton Court Hotel Upton St Leonards Gloucestershire GL4 8DE
Nature of business: Hotel Owner/Operator
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1,998,656 1,914,641
Profit for the year 74,397 60,749

Hatton Hotels Group Services Limited
Registered office: Hatton Court Hotel Upton St Leonards Gloucestershire GL4 8DE
Nature of business: Hotel Operator
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 41,356 50,229
(Loss)/profit for the year (8,873 ) 39,426

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

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

10. FIXED ASSET INVESTMENTS - continued

Monkstone Limited
Registered office: Hatton Court Hotel Upton St Leonards Gloucestershire GL4 8DE
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves - (243,513 )

Northorn Limited
Registered office: Hatton Court Hotel Upton St Leonards Gloucestershire GL4 8DE
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 2 2

Thatch Holdings Limited
Registered office: Hatton Court Hotel Upton St Leonards Gloucestershire GL4 8DE
Nature of business: Hotel Owner
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 76,068 76,106
(Loss)/profit for the year (38 ) 79,394

The Thatch Hotel Limited
Registered office: Hatton Court Hotel Upton St Leonards Gloucestershire GL4 8DE
Nature of business: Hotel Operator
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves (14,800 ) 6,597
Loss for the year (21,397 ) (47,052 )

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

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

10. FIXED ASSET INVESTMENTS - continued

Snooty Fox Hotel Limited
Registered office: Hatton Court Hotel Upton St Leonards Gloucestershire GL4 8DE
Nature of business: Hotel Operator
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 234,577 104,731
Profit for the year 129,846 39,201

Snooty Fox Holdings Limited
Registered office: Hatton Court Hotel Upton St Leonards Gloucestershire GL4 8DE
Nature of business: Hotel Owner/Operator
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 58,540 45,373
Profit for the year 13,167 35,722


11. STOCKS

Group
2024 2023
£    £   
Stocks 47,602 44,575

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 30,452 28,221 - -
Other debtors - 150,000 - -
Prepayments and accrued income 117,431 156,767 61,256 14,935
147,883 334,988 61,256 14,935

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

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

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 15)
119,469

133,329

-

-
Finance leases (see note 16) 128,689 42,134 - -
Trade creditors 363,436 581,369 16,933 24,259
Social security and other taxes 58,070 32,373 18,370 11,185
VAT 375,633 210,398 90,349 17,367
Other creditors 537,055 459,785 55,762 9,009
Accruals and deferred income 77,771 81,417 7,433 8,509
1,660,123 1,540,805 188,847 70,329

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

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans (see note 15) 3,056,449 2,410,590 - -
Finance leases (see note 16) 128,416 105,310 - -
Other creditors 1,300,000 1,709,682 500,000 500,000
4,484,865 4,225,582 500,000 500,000

15. LOANS

An analysis of the maturity of loans is given below:

Group
2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 119,469 133,329
Amounts falling due between two and five years:
Bank loans - 2-5 years 805,168 432,296
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 2,251,281 1,978,294

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

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

16. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Finance leases
2024 2023
£    £   
Net obligations repayable:
Within one year 128,689 42,134
Between one and five years 128,416 105,310
257,105 147,444

17. SECURED DEBTS

The following secured debts are included within creditors:

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans 3,175,918 2,543,919 - -
Other Creditors - 1,753,234 513,735 509,009
3,175,918 4,297,153 513,735 509,009

Group Bank Loans and overdraft are secured on the Freehold Property and other assets of the group.

Other Creditors are secured by a fIxed and Floating charge over the assets of the Group.

18. PROVISIONS FOR LIABILITIES

Deferred tax is not provided on the revaluation of property as there are no plans for the group to sell any property in the foreseeable future.

19. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
32,104 Ordinary 1 32,104 32,104

HATTON GROUP HOLDINGS LIMITED (Registered number: 06458959)

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

20. RESERVES

Group
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2023 381,996 1,244,926 1,626,922
Profit for the year 104,250 104,250
Revaluation - 9,618 9,618
At 31 January 2024 486,246 1,254,544 1,740,790

Company
Revaluation
reserve
£   
At 1 February 2023 1,922,064
Revaluation 440,233

At 31 January 2024 2,362,297


21. RELATED PARTY DISCLOSURES

At 31st January 2024 the Group owed £1,591,031 (2023 £2,008,832) to related companies outside the group.

At 31st January 2024 the Group owed £82,620 ( 2023 £62,099) to Mrs VEA Hiscox

22. ULTIMATE CONTROLLING PARTY

Mrs VEA Hiscox is the ultimate controlling shareholder