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REGISTERED NUMBER: 10886706 (England and Wales)















Report of the Directors and

Unaudited Consolidated Financial Statements for the Year Ended 31 December 2024

for

The Distinctly Hospitable Group Limited

The Distinctly Hospitable Group Limited (Registered number: 10886706)






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




Page

Company Information 1

Report of the Directors 2

Consolidated Income Statement 3

Consolidated Statement of Financial Position 4

Company Statement of Financial Position 6

Consolidated Statement of Changes in Equity 8

Company Statement of Changes in Equity 9

Notes to the Consolidated Financial Statements 10


The Distinctly Hospitable Group Limited

Company Information
for the Year Ended 31 December 2024







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





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





REGISTERED NUMBER: 10886706 (England and Wales)





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

The Distinctly Hospitable Group Limited (Registered number: 10886706)

Report of the Directors
for the Year Ended 31 December 2024

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

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

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

M Petrouis
Mrs K Petrouis
Miss H Petrouis
M J Hirst

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

ON BEHALF OF THE BOARD:





M Petrouis - Director


27 January 2025

The Distinctly Hospitable Group Limited (Registered number: 10886706)

Consolidated Income Statement
for the Year Ended 31 December 2024

31.12.24 31.12.23
£    £    £    £   

TURNOVER 7,295,203 7,654,736

Cost of sales 2,074,236 2,145,095
GROSS PROFIT 5,220,967 5,509,641

Distribution costs 1,539 -
Administrative expenses 4,977,077 4,831,458
4,978,616 4,831,458
242,351 678,183

Other operating income 224,487 276,059
OPERATING PROFIT 466,838 954,242

Interest receivable and similar income 72,915 39,947
539,753 994,189

Interest payable and similar expenses 22,523 19,023
PROFIT BEFORE TAXATION 517,230 975,166

Tax on profit 23,261 256,417
PROFIT FOR THE FINANCIAL
YEAR

493,969

718,749

Profit attributable to:
Owners of the parent 493,969 718,749

The Distinctly Hospitable Group Limited (Registered number: 10886706)

Consolidated Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,537,403 1,602,589
Investments 6 - -
1,537,403 1,602,589

CURRENT ASSETS
Stocks 127,159 93,832
Debtors 7 170,437 182,561
Cash at bank and in hand 2,656,632 2,750,154
2,954,228 3,026,547
CREDITORS
Amounts falling due within one year 8 1,968,458 2,331,435
NET CURRENT ASSETS 985,770 695,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,523,173

2,297,701

CREDITORS
Amounts falling due after more than one
year

9

-

(36,458

)

PROVISIONS FOR LIABILITIES (67,284 ) (53,214 )
NET ASSETS 2,455,889 2,208,029

The Distinctly Hospitable Group Limited (Registered number: 10886706)

Consolidated Statement of Financial Position - continued
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,455,789 2,207,929
SHAREHOLDERS' FUNDS 2,455,889 2,208,029

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the group keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company and the group as at the end of each financial year and of the group's profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company and the group.

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





M Petrouis - Director


The Distinctly Hospitable Group Limited (Registered number: 10886706)

Company Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investments 6 382,206 382,206
382,206 382,206

CURRENT ASSETS
Debtors 7 100 100
Cash at bank 36,671 1,000,000
36,771 1,000,100
CREDITORS
Amounts falling due within one year 8 8,587 1,000,000
NET CURRENT ASSETS 28,184 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,390

382,306

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 410,290 382,206
SHAREHOLDERS' FUNDS 410,390 382,306

Company's profit for the financial year 274,193 175,255

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

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

Company Statement of Financial Position - continued
31 December 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 27 January 2025 and were signed on its behalf by:





M Petrouis - Director


The Distinctly Hospitable Group Limited (Registered number: 10886706)

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

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 100 1,282,239 1,282,339

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

Changes in equity
Dividends - (246,109 ) (246,109 )
Total comprehensive income - 493,969 493,969
Balance at 31 December 2024 100 2,455,789 2,455,889

The Distinctly Hospitable Group Limited (Registered number: 10886706)

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

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 100 - 100

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

Changes in equity
Dividends - (246,109 ) (246,109 )
Total comprehensive income - 274,193 274,193
Balance at 31 December 2024 100 410,290 410,390

The Distinctly Hospitable Group Limited (Registered number: 10886706)

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

1. STATUTORY INFORMATION

The Distinctly Hospitable Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on cost
Plant and machinery etc - 20% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


The Distinctly Hospitable Group Limited (Registered number: 10886706)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 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 statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 145 (2023 - 161 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was 145 (2023 - 161 ) .

4. INDIVIDUAL INCOME STATEMENT

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


The Distinctly Hospitable Group Limited (Registered number: 10886706)

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

5. TANGIBLE FIXED ASSETS

Group
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 1,842,679 805,681 2,648,360
Additions 59,618 66,033 125,651
Disposals - (4,383 ) (4,383 )
At 31 December 2024 1,902,297 867,331 2,769,628
DEPRECIATION
At 1 January 2024 589,631 456,140 1,045,771
Charge for year 125,511 63,398 188,909
Eliminated on disposal - (2,455 ) (2,455 )
At 31 December 2024 715,142 517,083 1,232,225
NET BOOK VALUE
At 31 December 2024 1,187,155 350,248 1,537,403
At 31 December 2023 1,253,048 349,541 1,602,589

6. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 382,206
NET BOOK VALUE
At 31 December 2024 382,206
At 31 December 2023 382,206

The Distinctly Hospitable Group Limited (Registered number: 10886706)

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

6. FIXED ASSET INVESTMENTS - continued

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

Subsidiaries

WH Hospitality Limited
Registered office: Muckley Corner House, Walsall Road, Lichfield, Staffs, WS14 0BG
Nature of business: restaurant and event venue with accommodation
%
Class of shares: holding
Ordinary 100.00
31.12.24 31.12.23
£    £   
Aggregate capital and reserves 1,276,675 1,547,213
(Loss)/profit for the year (133,768 ) 66,025

SH Hospitality Limited
Registered office: Muckley Corner House, Walsall Road, Lichfield, Staffs, WS14 0BG
Nature of business: restaurant and event venue with accommodation
%
Class of shares: holding
Ordinary 100.00
31.12.24 31.12.23
£    £   
Aggregate capital and reserves 257,125 335,755
(Loss)/profit for the year (46,113 ) 15,000

HH Hospitality Limited
Registered office: Muckley Corner House, Walsall Road, Lichfield, Staffs, WS14 0BG
Nature of business: restaurant and event venue with accommodation
%
Class of shares: holding
Ordinary 100.00
31.12.24 31.12.23
£    £   
Aggregate capital and reserves 893,805 324,962
Profit for the year 645,766 637,724


The Distinctly Hospitable Group Limited (Registered number: 10886706)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.24 31.12.23 31.12.24 31.12.23
£    £    £    £   
Trade debtors 2,545 1,650 - -
Other debtors 167,892 180,911 100 100
170,437 182,561 100 100

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.24 31.12.23 31.12.24 31.12.23
£    £    £    £   
Bank loans and overdrafts 36,458 62,500 - -
Payments on account 660,529 741,903 - -
Trade creditors 433,367 430,177 - -
Amounts owed to group undertakings - - 2,000 1,000,000
Taxation and social security 546,068 792,718 6,587 -
Other creditors 292,036 304,137 - -
1,968,458 2,331,435 8,587 1,000,000

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

Group
31.12.24 31.12.23
£    £   
Bank loans - 36,458