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REGISTERED NUMBER: 10993916 (England and Wales)















Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 May 2024

for

Country House Weddings Holdings Limited

Country House Weddings Holdings Limited (Registered number: 10993916)






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




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 5

Report of the Independent Auditors 7

Consolidated Income Statement 11

Consolidated Other Comprehensive Income 12

Consolidated Balance Sheet 13

Company Balance Sheet 14

Consolidated Statement of Changes in Equity 15

Company Statement of Changes in Equity 16

Consolidated Cash Flow Statement 17

Notes to the Consolidated Cash Flow Statement 18

Notes to the Consolidated Financial Statements 20


Country House Weddings Holdings Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: H Bramer
N Bramer





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





REGISTERED NUMBER: 10993916 (England and Wales)





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

Country House Weddings Holdings Limited (Registered number: 10993916)

Group Strategic Report
for the Year Ended 31 May 2024

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

REVIEW OF BUSINESS
The group is a wedding venue provider, with multiple venues under its operation, the same as in the previous year.

Key performance indicators

Performance of the group is monitored internally using a variety of statutory and alternative performance measures (APMs) and key performance indicators (KPls). APMs are used where management considers they are more representative of underlying trading or in monitoring performance against the group's objectives.

Turnover is an important metric as it reflects the core underlying activities of the group by adding together the turnover from each venue.

Gross Margin is an important metric as it provides valuable insight into whether the group is pricing it's services appropriately.

Operating profit is an important metric as it is an indirect measure of efficiency. The higher the net profit, the more profitable the group's core business is.

Earnings before interest, tax, depreciation and amortisation ("EBITDA") is considered, by management, to be informative as it reflects operating profit adjusted for non-cash charges.

The figures for these 4 key performance measures are stated below:

2024 2023
Turnover £17,489,072 £20,500,149
Gross profit margin 80.00% 80.77%
Operating profit/(loss) £11,153,395 £1,593,828
EBITDA £15,800,549 £3,304,942

PRINCIPAL RISKS AND UNCERTAINTIES
In the course of normal business, the group continually assesses significant risks faced and takes action to mitigate the potential impacts. The principle risks (which is not intended to be a comprehensive analysis) facing the company are as follows:

Financial and liquidity

The general health of the UK economy and individuals disposable income is important to the group's success. The group manages any potential downturn in the economy by a policy of structuring payment plans for customers..

Operating capital - The availability of operating capital is crucial to ensuring that the group has sufficient funds to meet their liabilities as they fall due to suppliers and employees. The group manages this by reviewing the cash flow daily and tracks on a rolling year to ensure sufficient funds are available.

Operational risks

Customer service - The group relies on its teams to provide quality customer service. Teams are provided with rigorous training, covering customer service, digital tools to inform risk and mitigate thereafter to ensure that high standards and customer experience are maintained.

Health and safety - All staff are provided with comprehensive training to ensure they are all aware of the risks and how they can help to mitigate them.


Country House Weddings Holdings Limited (Registered number: 10993916)

Group Strategic Report
for the Year Ended 31 May 2024

SECTION 172(1) STATEMENT
This section serves as our section 172 statement. Section 172(1)(a) to (f) of the Companies Act 2006 requires directors to exercise their duty to promote the success of the Country House Wedding Group for the benefit of its members as a whole, including taking into consideration the interests of key stakeholders in their decision making.

The directors continue to have regard to the interests of the group's employees and other stakeholders, including the impact of its activities on the community, the environment and the group's reputation, when making decisions. Acting in good faith and fairly between members, the directors consider what is most likely to promote the success of the group for its members in the long term. Whilst the importance of giving due consideration to our stakeholders is not new, we explain in more detail this year how the directors engage with our stakeholders, thus seeking to comply with the requirement to include a statement setting out how the directors have discharged this duty.

Our stakeholders
The directors consider the group's key stakeholders to be:

- Workforce - the strength of our business is built on the hard work and dedication of all our employees, and they rely on us to provide stable employment and opportunities to realise their potential in a working environment where they can perform at their best;
- Customers - our customers are the reason we exist. With multiple choices of wedding venues, it is essential to our future that we continually strive to provide the highest quality product and in an enjoyable and safe environment, and at a competitive price. In doing so, we will build our brand value;
- Suppliers - we rely on our suppliers to provide essential services we need to operate our business. Our suppliers rely on us to generate revenue and employment for them

The directors have sought to understand the respective interests of these parties so that these may be properly considered in their decision-making. This is achieved through various methods including: direct engagement by directors; receiving reports and updates from management who engage with such parties; and coverage in our meetings of relevant stakeholder interests with regard to proposed courses of action.

Having regard to the interests of the group's employees
The importance of good relations and communications with employees is fundamental to the continued success of the business. The group maintains good employee relations and consults employees as appropriate to its own particular needs. The group, as part of its central operations team, has a communications arm which manages all internal communications and the timing of when they are shared.

The directors take active steps to ensure that the suggestions, views and interests of the workforce are captured and considered in our decision-making.

Country House Weddings Group benefits from directors who all perform a high degree of personal oversight and engagement in the group's affairs. This knowledge of the business and active style of engagement means they maintain an exceptionally acute insight into the mood, culture and views of the workforce.

Having regard to the need to foster the group's business relationships with suppliers, customers and others
The importance of maintaining good relations with suppliers, customers and the group's debt facility providers is critical to the ongoing success of the group.

Suppliers
Throughout the year the directors were actively involved in all negotiations and strategy with regard to key suppliers. The directors seek to balance the benefits of maintaining strong partnering relationships with key suppliers alongside the need to obtain value for money and the desired quality and service levels for our customers.

Country House Weddings Holdings Limited (Registered number: 10993916)

Group Strategic Report
for the Year Ended 31 May 2024


Customers
As a group that operates in the service industry, the sentiment of customers can be seen in the group's online reviews and feedback, which the directors review regularly. Management provide updates to the directors on their perceptions of consumer sentiment and the market view. The interests of customers are considered in key decisions e.g. relating to: individual venue refurbishment programmes; relevant product lines; selection and monitoring of suppliers to ensure quality and safety standards are met.

Debt capital/credit facility providers
The directors and key financial management personnel are responsible for managing the relationships with our bank and for the group's cash/debt management and financing activities. Management provide regular reports to the directors on these activities including the group's plans to ensure appropriate access to debt capital, monitoring the headroom and maturity schedules of our primary credit facilities.

The directors carefully consider the group's cash position and forecasts when making decisions on capital expenditure.

Having regard to the desirability of the Company maintaining a reputation for high standards of business conduct
The group strives to maintain a strong reputation for high standards of business conduct.

Corporate governance
The directors recognise the importance of operating a robust corporate governance framework.

Ethical trading and responsible sourcing
The directors exercise strong oversight over the group's activities in these areas, including reviewing reports from management to them on such topics as appropriate.

Political donations
No donations were made for political purposes (2023: £nil).

Having regard to the need to act fairly as between members of the Group
The directors recognise their legal and regulatory duties and do not take any decisions or actions that would provide any shareholder or group of shareholders with any unfair advantage or position compared to the shareholders as a whole.

Shareholder engagement
The directors are the only direct shareholders in the group and are therefore party to all of the critical decisions made.

ON BEHALF OF THE BOARD:





H Bramer - Director


16 December 2024

Country House Weddings Holdings Limited (Registered number: 10993916)

Report of the Directors
for the Year Ended 31 May 2024

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

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of Venue hire and catering for weddings and other functions

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

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

H Bramer
N Bramer

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;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
- 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.

Country House Weddings Holdings Limited (Registered number: 10993916)

Report of the Directors
for the Year Ended 31 May 2024


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

ON BEHALF OF THE BOARD:





H Bramer - Director


16 December 2024

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

Opinion
We have audited the financial statements of Country House Weddings Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 May 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 May 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.

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.

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


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 five, 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
Country House Weddings 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.

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 Holdings 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

16 December 2024

Country House Weddings Holdings Limited (Registered number: 10993916)

Consolidated Income Statement
for the Year Ended 31 May 2024

31/5/24 31/5/23
Notes £    £   

TURNOVER 17,489,072 20,500,149

Cost of sales (3,498,568 ) (3,942,817 )
GROSS PROFIT 13,990,504 16,557,332

Administrative expenses (13,090,613 ) (14,122,340 )
899,891 2,434,992

Other operating income 7,789 2,867
Gain/loss on revaluation of tangible assets 14,005,699 -
OPERATING PROFIT 4 14,913,379 2,437,859

Interest receivable and similar income 97 -
14,913,476 2,437,859

Interest payable and similar expenses 5 (575,802 ) (359,109 )
PROFIT BEFORE TAXATION 14,337,674 2,078,750

Tax on profit 6 (3,184,279 ) (484,922 )
PROFIT FOR THE FINANCIAL YEAR 11,153,395 1,593,828
Profit attributable to:
Owners of the parent 11,153,395 1,593,828

Country House Weddings Holdings Limited (Registered number: 10993916)

Consolidated Other Comprehensive Income
for the Year Ended 31 May 2024

31/5/24 31/5/23
Notes £    £   

PROFIT FOR THE YEAR 11,153,395 1,593,828


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

11,153,395

1,593,828

Total comprehensive income attributable to:
Owners of the parent 11,153,395 1,593,828

Country House Weddings Holdings Limited (Registered number: 10993916)

Consolidated Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 - -
Tangible assets 9 38,051,898 23,398,244
Investments 10 - -
38,051,898 23,398,244

CURRENT ASSETS
Stocks 11 197,806 208,346
Debtors 12 857,016 1,687,496
Cash at bank and in hand 1,272,639 390,899
2,327,461 2,286,741
CREDITORS
Amounts falling due within one year 13 10,586,151 8,898,789
NET CURRENT LIABILITIES (8,258,690 ) (6,612,048 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,793,208

16,786,196

CREDITORS
Amounts falling due after more than one year 14 (8,106,503 ) (9,334,251 )

PROVISIONS FOR LIABILITIES 17 (3,893,320 ) (811,955 )
NET ASSETS 17,793,385 6,639,990

CAPITAL AND RESERVES
Called up share capital 18 10,185 10,185
Fair value reserve 19 12,020,237 -
Retained earnings 19 5,762,963 6,629,805
SHAREHOLDERS' FUNDS 17,793,385 6,639,990

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2024 and were signed on its behalf by:





H Bramer - Director


Country House Weddings Holdings Limited (Registered number: 10993916)

Company Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 - -
Tangible assets 9 - -
Investments 10 6,040,185 6,040,185
6,040,185 6,040,185

CREDITORS
Amounts falling due within one year 13 6,030,000 5,730,000
NET CURRENT LIABILITIES (6,030,000 ) (5,730,000 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,185

310,185

CREDITORS
Amounts falling due after more than one year 14 - 300,000
NET ASSETS 10,185 10,185

CAPITAL AND RESERVES
Called up share capital 18 10,185 10,185
SHAREHOLDERS' FUNDS 10,185 10,185

Company's profit for the financial year - -

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 16 December 2024 and were signed on its behalf by:





H Bramer - Director


Country House Weddings Holdings Limited (Registered number: 10993916)

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

Called up Fair
share Retained value Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 June 2022 10,185 5,035,977 - 5,046,162

Changes in equity
Total comprehensive income - 1,593,828 - 1,593,828
Balance at 31 May 2023 10,185 6,629,805 - 6,639,990

Changes in equity
Total comprehensive income - (866,842 ) 12,020,237 11,153,395
Balance at 31 May 2024 10,185 5,762,963 12,020,237 17,793,385

Country House Weddings Holdings Limited (Registered number: 10993916)

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

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 June 2022 10,185 - 10,185

Changes in equity
Balance at 31 May 2023 10,185 - 10,185

Changes in equity
Balance at 31 May 2024 10,185 - 10,185

Country House Weddings Holdings Limited (Registered number: 10993916)

Consolidated Cash Flow Statement
for the Year Ended 31 May 2024

31/5/24 31/5/23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,737,968 954,290
Interest paid (575,802 ) (359,109 )
Tax paid - 292,960
Net cash from operating activities 2,162,166 888,141

Cash flows from investing activities
Purchase of tangible fixed assets (1,538,948 ) (1,787,669 )
Sale of tangible fixed assets 34,498 1,360
Interest received 97 -
Net cash from investing activities (1,504,353 ) (1,786,309 )

Cash flows from financing activities
Capital repayments in year (9,003 ) 70,696
Amount introduced by directors 232,930 -
Amount withdrawn by directors - (31,919 )
Net cash from financing activities 223,927 38,777

Increase/(decrease) in cash and cash equivalents 881,740 (859,391 )
Cash and cash equivalents at beginning of
year

2

390,899

1,250,290

Cash and cash equivalents at end of year 2 1,272,639 390,899

Country House Weddings Holdings Limited (Registered number: 10993916)

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

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

31/5/24 31/5/23
£    £   
Profit before taxation 14,337,674 2,078,750
Depreciation charges 887,073 867,083
Gain on revaluation of fixed assets (14,005,699 ) -
Finance costs 575,802 359,109
Finance income (97 ) -
1,794,753 3,304,942
Decrease/(increase) in stocks 10,540 (27,839 )
Decrease/(increase) in trade and other debtors 830,480 (896,259 )
Increase/(decrease) in trade and other creditors 102,195 (1,426,554 )
Cash generated from operations 2,737,968 954,290

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 May 2024
31/5/24 1/6/23
£    £   
Cash and cash equivalents 1,272,639 390,899
Year ended 31 May 2023
31/5/23 1/6/22
£    £   
Cash and cash equivalents 390,899 1,250,290


Country House Weddings Holdings Limited (Registered number: 10993916)

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

3. ANALYSIS OF CHANGES IN NET DEBT

At 1/6/23 Cash flow At 31/5/24
£    £    £   
Net cash
Cash at bank and in hand 390,899 881,740 1,272,639
390,899 881,740 1,272,639
Debt
Finance leases (70,696 ) 9,003 (61,693 )
Debts falling due within 1 year (152,449 ) (351,221 ) (503,670 )
Debts falling due after 1 year (6,946,524 ) 460,675 (6,485,849 )
(7,169,669 ) 118,457 (7,051,212 )
Total (6,778,770 ) 1,000,197 (5,778,573 )

Country House Weddings Holdings Limited (Registered number: 10993916)

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

1. STATUTORY INFORMATION

Country House Weddings Holdings 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.

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.

Basis of consolidation
The consolidated profit and loss account and balance sheet include the financial statements of the company and its subsidiary undertakings made up to 31 May 2024. The results of subsidiaries sold or acquired are included in the profit and loss account up to, or from the date control passes. Intra-group sales and profits are eliminated fully on consolidation.

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

Wedding Venues
Turnover is recognised on the day of the wedding event when the income has been earned and the service has been provided to the customer.

Pub sales.
Turnover is recognised at the point of sale.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold - 10% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost and 10% on cost
Computer equipment - 33% on cost
Motor vehicle - 20% on cost

Freehold is not depreciated on the basis that it is not material to do so.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Country House Weddings Holdings Limited (Registered number: 10993916)

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

2. ACCOUNTING POLICIES - continued
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.

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 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
31/5/24 31/5/23
£    £   
Wages and salaries 7,490,270 8,502,197
Social security costs 546,991 602,931
Other pension costs 174,471 157,058
8,211,732 9,262,186

The average number of employees during the year was as follows:
31/5/24 31/5/23

Production and administration 449 443

31/5/24 31/5/23
£    £   
Directors' remuneration 88,000 88,000

Country House Weddings Holdings Limited (Registered number: 10993916)

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

4. OPERATING PROFIT

The operating profit is stated after charging:

31/5/24 31/5/23
£    £   
Hire of plant and machinery 332,992 370,005
Other operating leases 400,000 600,001
Depreciation - owned assets 856,495 877,885
Auditors' remuneration 37,000 42,914

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31/5/24 31/5/23
£    £   
Bank loan interest 575,802 359,109

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31/5/24 31/5/23
£    £   
Current tax:
UK corporation tax 66,577 267,296
Corporation tax adjustment 30,540 26,423
Interest on late tax payments 5,797 -
Total current tax 102,914 293,719

Deferred tax 3,081,365 191,203
Tax on profit 3,184,279 484,922

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.


8. INTANGIBLE FIXED ASSETS

There are no Intangible assets held in the accounts.

Country House Weddings Holdings Limited (Registered number: 10993916)

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

9. TANGIBLE FIXED ASSETS

Group
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST OR VALUATION
At 1 June 2023 18,757,925 803,827 191,789
Additions 734,897 - 18,858
Disposals - - (1,250 )
Revaluations 14,005,699 - -
At 31 May 2024 33,498,521 803,827 209,397
DEPRECIATION
At 1 June 2023 - 488,092 88,703
Charge for year - - 23,488
At 31 May 2024 - 488,092 112,191
NET BOOK VALUE
At 31 May 2024 33,498,521 315,735 97,206
At 31 May 2023 18,757,925 315,735 103,086

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 June 2023 8,572,601 470,462 120,766 28,917,370
Additions 757,910 11,200 16,083 1,538,948
Disposals (33,248 ) - - (34,498 )
Revaluations - - - 14,005,699
At 31 May 2024 9,297,263 481,662 136,849 44,427,519
DEPRECIATION
At 1 June 2023 4,542,340 314,677 85,314 5,519,126
Charge for year 728,536 78,817 25,654 856,495
At 31 May 2024 5,270,876 393,494 110,968 6,375,621
NET BOOK VALUE
At 31 May 2024 4,026,387 88,168 25,881 38,051,898
At 31 May 2023 4,030,261 155,785 35,452 23,398,244

Country House Weddings Holdings Limited (Registered number: 10993916)

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

9. TANGIBLE FIXED ASSETS - continued

Group

Cost or valuation at 31 May 2024 is represented by:

Freehold Long Plant and
property leasehold machinery
£    £    £   
Valuation in 2024 14,005,699 - -
Cost 19,492,822 803,827 209,397
33,498,521 803,827 209,397

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2024 - - - 14,005,699
Cost 9,297,263 481,662 136,849 30,421,820
9,297,263 481,662 136,849 44,427,519

Freehold property was valued on an open market basis on 19th February 2024 by Knight Frank property consultants.

10. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 6,040,185
NET BOOK VALUE
At 31 May 2024 6,040,185
At 31 May 2023 6,040,185

Country House Weddings Holdings Limited (Registered number: 10993916)

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

10. FIXED ASSET INVESTMENTS - continued

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

Subsidiaries

Swift Resources Limited
Registered office:
Nature of business: Venue hire and catering for weddings
%
Class of shares: holding
Ordinary 100.00
31/5/24 31/5/23
£    £   
Aggregate capital and reserves 3,427,206 1,761,045
Profit for the year 1,666,161 204,706

Gosfield Hall Limited
Registered office:
Nature of business: Venue hire and catering for weddings
%
Class of shares: holding
Ordinary 100.00
31/5/24 31/5/23
£    £   
Aggregate capital and reserves 11,152,687 5,532,736
Profit for the year 5,619,951 501,589

Anglo Scottish Leisure Limited
Registered office:
Nature of business: Venue hire and catering for weddings
%
Class of shares: holding
Ordinary 100.00
31/5/24 31/5/23
£    £   
Aggregate capital and reserves 3,587,259 3,474,935
Profit for the year 112,234 400,746

Holmewood Hall Limited
Registered office:
Nature of business: Venue hire and catering for weddings
%
Class of shares: holding
31/5/24 31/5/23
£    £   
Aggregate capital and reserves 2,390,867 372,794
Profit for the year 2,018,073 342,273

Country House Weddings Holdings Limited (Registered number: 10993916)

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

10. FIXED ASSET INVESTMENTS - continued

Country House Weddings Limited
Registered office:
Nature of business: Holding Company
%
Class of shares: holding
Ordinary 100.00
31/5/24 31/5/23
£    £   
Aggregate capital and reserves 2,404,399 2,362,090
Profit for the year 42,309 242,030

Bourton Hall Limited
Registered office:
Nature of business: Venue hire and catering for weddings
%
Class of shares: holding
Ordinary 100.00
31/5/24 31/5/23
£    £   
Aggregate capital and reserves 3,354,387 (40,356 )
Profit for the year 3,394,743 309,505

Hope & Anchor (Ross-on-Wye) Limited
Registered office:
Nature of business: Management and operation of a public house
%
Class of shares: holding
Ordinary 100.00
31/5/24 31/5/23
£    £   
Aggregate capital and reserves (2,347,987 ) (771,167 )
Loss for the year (1,576,820 ) (407,025 )

Leez Priory Ltd
Registered office:
Nature of business: Venue hire and catering for weddings
%
Class of shares: holding
Ordinary 100.00
31/5/24
£   
Aggregate capital and reserves (122,352 )
Loss for the year (123,352 )


Country House Weddings Holdings Limited (Registered number: 10993916)

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

11. STOCKS

Group
31/5/24 31/5/23
£    £   
Raw materials 197,806 208,346

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
31/5/24 31/5/23
£    £   
Trade debtors 394,965 1,312,477
Purchase Ledger Debit Balances 31,213 103,776
Other debtors 28,901 27,915
Prepayments and accrued income 401,937 243,328
857,016 1,687,496

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31/5/24 31/5/23 31/5/24 31/5/23
£    £    £    £   
Bank loans and overdrafts (see note 15) 503,670 152,449 - -
Hire purchase contracts (see note 16) 5,430 9,343 - -
Trade creditors 748,550 754,767 - -
Sales incomplete 6,563,529 5,130,935 - -
Sales ledger credit 281,457 631,828 - -
Amounts owed to group undertakings - - 6,030,000 5,730,000
Tax 370,210 267,296 - -
Social security and other taxes 135,526 164,861 - -
Pension Liability 6,257 6,257 - -
VAT 1,582,243 1,607,751 - -
Wages & Salary control account (1,558 ) 69,338 - -
Directors' current accounts 242,480 9,550 - -
Accruals and deferred income 148,357 94,414 - -
10,586,151 8,898,789 6,030,000 5,730,000

Country House Weddings Holdings Limited (Registered number: 10993916)

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

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

Group Company
31/5/24 31/5/23 31/5/24 31/5/23
£    £    £    £   
Bank loans (see note 15) 6,485,849 6,946,524 - -
Hire purchase contracts (see note 16) 56,263 61,353 - -
Other creditors - 300,000 - 300,000
Sales incomplete 1,564,391 2,026,374 - -
8,106,503 9,334,251 - 300,000

15. LOANS

An analysis of the maturity of loans is given below:

Group
31/5/24 31/5/23
£    £   
Amounts falling due within one year or on demand:
Bank loans 503,670 152,449
Amounts falling due between one and two years:
Bank loans - 1-2 years 546,870 -
Amounts falling due between two and five years:
Bank loans - 2-5 years 5,938,979 2,258,498
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal - 4,688,026

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. The loan term was extended for another 5 years shortly after the balance sheet 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

There is a new Funding Circle loan in the year repayable over a 72 month period. The loan is measured at amortised cost in the accounts and interest costs are recognised in the profit and loss account.

Country House Weddings Holdings Limited (Registered number: 10993916)

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

16. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
31/5/24 31/5/23
£    £   
Gross obligations repayable:
Within one year 9,343 13,256
Between one and five years 61,578 70,405
70,921 83,661

Finance charges repayable:
Within one year 3,913 3,913
Between one and five years 5,315 9,052
9,228 12,965

Net obligations repayable:
Within one year 5,430 9,343
Between one and five years 56,263 61,353
61,693 70,696

17. PROVISIONS FOR LIABILITIES

Group
31/5/24 31/5/23
£    £   
Deferred tax
Accelerated capital allowances 3,893,320 811,955

Group
Deferred
tax
£   
Balance at 1 June 2023 811,955
Charge to Income Statement during year 3,081,365
Balance at 31 May 2024 3,893,320

Country House Weddings Holdings Limited (Registered number: 10993916)

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

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
10,185 Ordinary £1 10,185 10,185

19. RESERVES

Group
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2023 6,629,805 - 6,629,805
Profit for the year 11,153,395 11,153,395
Reserves transfer (12,020,237 ) 12,020,237 -
At 31 May 2024 5,762,963 12,020,237 17,783,200


20. ULTIMATE PARENT COMPANY

The ultimate controlling party is H Bramer, by virtue of his shareholding.

21. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the amount of £242,480 (2023: £9,550) was owed to H Bramer, a director and shareholder of the company.

22. RELATED PARTY DISCLOSURES

The director, H Bramer, owns property from which the group trades. During the year the group paid £400,000 (2023: £600,000) in rent.