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REGISTERED NUMBER: 11317067 (England and Wales)














Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 30 June 2024

for

Consall Hall Estate Limited

Consall Hall Estate Limited (Registered number: 11317067)






Contents of the Consolidated Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 5

Consolidated Profit and Loss Account 9

Consolidated Other Comprehensive Income 10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 17


Consall Hall Estate Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs S J Reeves
Mr B J Reeves
Mr W J S Scott-Moncrieff





REGISTERED OFFICE: Ebenezer House
Ryecroft
Newcastle-under-Lyme
Staffordshire
ST5 2BE





REGISTERED NUMBER: 11317067 (England and Wales)





AUDITORS: Thompson Wright Limited
Chartered Accountants
and Statutory Auditors
Ebenezer House
Ryecroft
Newcastle under Lyme
Staffordshire
ST5 2BE

Consall Hall Estate Limited (Registered number: 11317067)

Group Strategic Report
for the Year Ended 30 June 2024

The directors present their strategic report of the company and the group for the year ended 30 June 2024.

REVIEW OF BUSINESS
The group continues to provide overnight stays at what is considered to be a 'deconstructed hotel' and dining experiences which offers a unique and private experience to our guests.

Development, performance and financial position:

We aim to present a balanced and comprehensive review of the development and performance of our business during the period and its position at the year end. Our review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties we face.

The group has traded as a hotel and restaurant set on grounds in the heart of Staffordshire alongside a popular wedding venue.

The group continues to heavily invest in environmentally friendly infrastructure creating an enhanced dining experience to our customers.

The group has a strong workforce and staff training is key to providing enhanced management and excellent customer service.

The group is continuing to invest in the lodges and pods situated on the grounds which are available for overnight stays.

KEY PERFORMANCE INDICATORS
2024 2023
Turnover £4,339,259 £4,005,297
Gross profit £2,748,352 £2,509,730
GP% margin 63% 63%
Total assets £20,752,528 £13,969,697

Gross profit margin has remained consistent with the previous period. This performance measure helps the company to monitor its cost base of customer services.

Turnover has seen a steady manageable growth.

The increase in the total assets is mainly due to the revaluation performed in the year. The factors when considering the revaluation were that of market rates and other similar venues performance. It provides a good indication that the market for our type of trade is continuing to improve.


Consall Hall Estate Limited (Registered number: 11317067)

Group Strategic Report
for the Year Ended 30 June 2024

PRINCIPAL RISKS AND UNCERTAINTIES
The business and market environment in which we operate continues to be a growing sector with expected competition challenges and we constantly evolve our properties and services.

The group continues to have a sound asset base and freehold property which has seen a healthy revaluation giving the directors comfort about the future growth and development of the business.

The main risks associated with the group's financial assets and liabilities are set out below:

Interest rate risk

The group finances its operations through a combination of retained profits and external debt. The external borrowings are at a mix of fixed and variable interest rates. The interest rates at which the group borrows are affordable given the profitability of the business. The price of external debt reflects the strong asset values held by the group which are provided as security.

Liquidity risk

The group aims to manage the availability of funds for its operations by borrowing suitably dated external debt and using retained profits in the business.

Credit risk and cashflow risk

The group manages its exposure to these risks by ensuring that advance payments are taken from customers prior to the stays. There is minimal exposure to credit risk and cashflow risk.

Future developments

The group is keen to expand the core business, through organic sustainable growth, supply chain partnerships, and through strategic acquisition opportunities.

The group is focused on the development and good standing of the properties, as well as continuing to review the state of the market and the activities of competitors.

ON BEHALF OF THE BOARD:





Mr B J Reeves - Director


25 March 2025

Consall Hall Estate Limited (Registered number: 11317067)

Report of the Directors
for the Year Ended 30 June 2024

The directors present their report with the financial statements of the company and the group for the year ended 30 June 2024.

DIVIDENDS
No dividends will be distributed for the year ended 30 June 2024.

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

Mrs S J Reeves
Mr B J Reeves
Mr W J S Scott-Moncrieff

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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

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

ON BEHALF OF THE BOARD:





Mr B J Reeves - Director


25 March 2025

Report of the Independent Auditors to the Members of
Consall Hall Estate Limited

Opinion
We have audited the financial statements of Consall Hall Estate Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2024 which comprise the Consolidated Profit and Loss Account, 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 30 June 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.

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.

Report of the Independent Auditors to the Members of
Consall Hall Estate Limited


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
Consall Hall Estate 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:

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:

- the Senior Statutory Auditor ensured that the audit team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the hospitality industry;

- we focused on 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, data protection, anti-bribery, employment, environmental, other industry specific accreditations and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

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 to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates 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 including the Health and Safety Executive, and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.


Report of the Independent Auditors to the Members of
Consall Hall Estate Limited

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.

Other matters
In the previous accounting period the directors of the group took advantage of audit exemption under s477 of the Companies Act. Therefore the prior period financial statements were not subject to audit.

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.




Jeremy Bostock BA (Hons) BFP FCA (Senior Statutory Auditor)
for and on behalf of Thompson Wright Limited
Chartered Accountants
and Statutory Auditors
Ebenezer House
Ryecroft
Newcastle under Lyme
Staffordshire
ST5 2BE

25 March 2025

Consall Hall Estate Limited (Registered number: 11317067)

Consolidated Profit and Loss Account
for the Year Ended 30 June 2024

2024 2023
Notes £    £   

TURNOVER 3 4,339,259 4,005,297

Cost of sales 1,590,907 1,495,567
GROSS PROFIT 2,748,352 2,509,730

Administrative expenses 1,891,788 1,666,410
856,564 843,320

Other operating income 32,350 2,924
OPERATING PROFIT 5 888,914 846,244

Interest receivable and similar income 3,458 739
892,372 846,983

Interest payable and similar expenses 6 1,239,446 1,158,615
LOSS BEFORE TAXATION (347,074 ) (311,632 )

Tax on loss 7 (694,964 ) (110,402 )
PROFIT/(LOSS) FOR THE FINANCIAL YEAR 347,890 (201,230 )
Profit/(loss) attributable to:
Owners of the parent 347,890 (201,230 )

Consall Hall Estate Limited (Registered number: 11317067)

Consolidated Other Comprehensive Income
for the Year Ended 30 June 2024

2024 2023
Notes £    £   

PROFIT/(LOSS) FOR THE YEAR 347,890 (201,230 )


OTHER COMPREHENSIVE INCOME
Revaluation of land and buildings 7,369,734 -
Income tax relating to other comprehensive
income

(1,842,434

)

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

5,527,300

-
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 5,875,190 (201,230 )

Total comprehensive income attributable to:
Owners of the parent 5,875,190 (201,230 )

Consall Hall Estate Limited (Registered number: 11317067)

Consolidated Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 1,291 2,582
Tangible assets 10 20,521,605 13,072,882
Investments 11 - -
20,522,896 13,075,464

CURRENT ASSETS
Stocks 12 18,603 -
Debtors 13 176,018 339,291
Cash at bank and in hand 35,011 554,942
229,632 894,233
CREDITORS
Amounts falling due within one year 14 2,259,047 2,782,140
NET CURRENT LIABILITIES (2,029,415 ) (1,887,907 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,493,481 11,187,557

CREDITORS
Amounts falling due after more than one year 15 (12,043,223 ) (11,554,608 )

PROVISIONS FOR LIABILITIES 19 (942,119 ) -
NET ASSETS/(LIABILITIES) 5,508,139 (367,051 )

CAPITAL AND RESERVES
Called up share capital 20 100 100
Non distributable reserves 21 5,527,300 -
Retained earnings 21 (19,261 ) (367,151 )
SHAREHOLDERS' FUNDS 5,508,139 (367,051 )

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





Mr B J Reeves - Director


Consall Hall Estate Limited (Registered number: 11317067)

Company Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 1,291 2,582
Tangible assets 10 20,293,775 12,922,539
Investments 11 100 100
20,295,166 12,925,221

CURRENT ASSETS
Debtors 13 124,749 494,187
Cash at bank 5,580 383,021
130,329 877,208
CREDITORS
Amounts falling due within one year 14 2,008,873 2,634,773
NET CURRENT LIABILITIES (1,878,544 ) (1,757,565 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,416,622 11,167,656

CREDITORS
Amounts falling due after more than one year 15 (12,043,223 ) (11,554,608 )

PROVISIONS FOR LIABILITIES 19 (885,161 ) -
NET ASSETS/(LIABILITIES) 5,488,238 (386,952 )

CAPITAL AND RESERVES
Called up share capital 20 100 100
Non distributable reserves 21 5,527,300 -
Retained earnings 21 (39,162 ) (387,052 )
SHAREHOLDERS' FUNDS 5,488,238 (386,952 )

Company's profit/(loss) for the financial year 347,890 (201,231 )

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





Mr B J Reeves - Director


Consall Hall Estate Limited (Registered number: 11317067)

Consolidated Statement of Changes in Equity
for the Year Ended 30 June 2024

Called up Non
share Retained distributable Total
capital earnings reserves equity
£    £    £    £   
Balance at 1 July 2022 200 (165,921 ) - (165,721 )

Changes in equity
Issue of share capital (100 ) - - (100 )
Total comprehensive income - (201,230 ) - (201,230 )
Balance at 30 June 2023 100 (367,151 ) - (367,051 )

Changes in equity
Total comprehensive income - 347,890 5,527,300 5,875,190
Balance at 30 June 2024 100 (19,261 ) 5,527,300 5,508,139

Consall Hall Estate Limited (Registered number: 11317067)

Company Statement of Changes in Equity
for the Year Ended 30 June 2024

Called up Non
share Retained distributable Total
capital earnings reserves equity
£    £    £    £   
Balance at 1 July 2022 100 (185,821 ) - (185,721 )

Changes in equity
Total comprehensive income - (201,231 ) - (201,231 )
Balance at 30 June 2023 100 (387,052 ) - (386,952 )

Changes in equity
Total comprehensive income - 347,890 5,527,300 5,875,190
Balance at 30 June 2024 100 (39,162 ) 5,527,300 5,488,238

Consall Hall Estate Limited (Registered number: 11317067)

Consolidated Cash Flow Statement
for the Year Ended 30 June 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,331,314 1,201,157
Interest paid (1,224,412 ) (1,140,790 )
Interest element of hire purchase payments paid (15,034 ) (17,825 )
Tax paid (205,351 ) 110,403
Net cash from operating activities (113,483 ) 152,945

Cash flows from investing activities
Purchase of tangible fixed assets (217,449 ) (1,440,114 )
Purchase of fixed asset investments - (100 )
Sale of tangible fixed assets 318 48,306
Interest received 3,458 739
Net cash from investing activities (213,673 ) (1,391,169 )

Cash flows from financing activities
New loans in year - 610,000
Loan repayments in year (124,653 ) (98,360 )
Capital repayments in year (68,122 ) (72,596 )
Amount withdrawn by directors - (694 )
- 742,566
Net cash from financing activities (192,775 ) 1,180,916

Decrease in cash and cash equivalents (519,931 ) (57,308 )
Cash and cash equivalents at beginning of year 2 554,942 612,250

Cash and cash equivalents at end of year 2 35,011 554,942

Consall Hall Estate Limited (Registered number: 11317067)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 30 June 2024

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

2024 2023
£    £   
Loss before taxation (347,074 ) (311,632 )
Depreciation charges 139,471 130,778
Profit on disposal of fixed assets (38 ) -
Finance costs 1,239,446 1,158,615
Finance income (3,458 ) (739 )
1,028,347 977,022
Increase in stocks (18,603 ) -
Decrease in trade and other debtors 163,273 221,649
Increase in trade and other creditors 158,297 2,486
Cash generated from operations 1,331,314 1,201,157

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 30 June 2024
30.6.24 1.7.23
£    £   
Cash and cash equivalents 35,011 554,942
Year ended 30 June 2023
30.6.23 1.7.22
£    £   
Cash and cash equivalents 554,942 612,250


3. ANALYSIS OF CHANGES IN NET DEBT

Other
non-cash
At 1.7.23 Cash flow changes At 30.6.24
£    £    £    £   
Net cash
Cash at bank
and in hand 554,942 (519,931 ) 35,011
554,942 (519,931 ) 35,011
Debt
Finance leases (68,122 ) 68,122 - -
Debts falling due
within 1 year (215,667 ) 124,653 (132,502 ) (223,516 )
Debts falling due
after 1 year (2,816,455 ) - 132,502 (2,683,953 )
(3,100,244 ) 192,775 - (2,907,469 )
Total (2,545,302 ) (327,156 ) - (2,872,458 )

Consall Hall Estate Limited (Registered number: 11317067)

Notes to the Consolidated Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Consall Hall Estate 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis which assumes the Group will have sufficient funds to continue to pay its debts as and when they fall due and thus continue to trade. The directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future based on its forecasts and projections. In making their assessment, the directors have considered a period of at least 12 months from the date of signing these financial statements.

Basis of consolidation
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity.

The consolidated financial statements incorporate the results of the business combinations using the acquisition method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the date of acquisition. The results of acquired operations are included in the consolidated Profit and Loss Account from the date on which control is obtained.

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

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Critical accounting judgements and key sources of estimation uncertainty
The critical judgments that the directors have made in the process of applying the company's accounting policies and key sources of estimation uncertainty that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below.

Key judgements

Key sources of estimation uncertainty
The key assumptions concerning the future, and other key sources of estimation uncertainty, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Consall Hall Estate Limited (Registered number: 11317067)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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

Advance payments are received prior to hotel bookings and are only recognised to revenue when the stays have taken place.

Turnover also includes additional revenue streams from commissions earned through food and beverage sales. Revenue is recognised when sales of food and beverages have been made.

Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

All turnover is derived in the UK.

Recoverability of trade debtors
The group establishes a provision for trade debtors that are estimated not to be recoverable. When assessing recoverability the directors consider factors such as the aging of the trade debtors, past experience of recoverability and the credit profile of individual or groups of customers.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - NIL % per annum
Plant and machinery - 25% on reducing balance and 10% on reducing balance
Fixtures and fittings - 25% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on cost and 25% on reducing balance
Computer equipment - 25% on reducing balance and 20% on cost

Assessing indicators of impairment
In assessing whether there have been any indicators of impairment of assets, the directors have considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience of recoverability. There have been no indicators of impairments identified during the current financial year.

Determining residual values of tangible assets
Judgement is applied by management when determining the residual values for fixed assets. When determining the residual value management aim to assess the amount that the group would currently obtain for the disposal of the asset, if it were already of the condition expected at the end of its useful economic life. Where possible this is done with reference to external market prices.

Estimated useful life of tangible assets
The group depreciates tangible assets over their estimated useful lives. The estimation of the useful lives of tangible assets is based on historic performance as well as expectations about future use and therefore requires estimates and assumptions to be applied. The actual lives of these assets can vary depending on a variety of factors, including technological innovation, product life cycles and maintenance programmes.

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

Consall Hall Estate Limited (Registered number: 11317067)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Profit and Loss Account, 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
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.

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.

Consall Hall Estate Limited (Registered number: 11317067)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

3. TURNOVER

The turnover and loss before taxation are attributable to the one principal activity of the group.

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 4,339,259 4,005,297
4,339,259 4,005,297

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,044,390 953,304
Social security costs 92,812 66,186
Other pension costs 17,388 17,012
1,154,590 1,036,502

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

Management staff 1 1
Operations staff 81 74
Directors 3 3
85 78

2024 2023
£    £   
Directors' remuneration - -

5. OPERATING PROFIT

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

2024 2023
£    £   
Hire of plant and machinery 274,176 233,471
Other operating leases 39,267 500
Depreciation - owned assets 138,180 106,975
Depreciation - assets on hire purchase contracts - 22,515
Profit on disposal of fixed assets (38 ) -
Development costs amortisation 1,291 1,290
Auditors' remuneration 16,000 -

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Loan interest 1,224,412 1,131,640
Loan arrangement fee - 9,150
Hire purchase 15,034 17,825
1,239,446 1,158,615

Consall Hall Estate Limited (Registered number: 11317067)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

7. TAXATION

Analysis of the tax credit
The tax credit on the loss for the year was as follows:
2024 2023
£    £   
Deferred tax (694,964 ) (110,402 )
Tax on loss (694,964 ) (110,402 )

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

2024 2023
£    £   
Loss before tax (347,074 ) (311,632 )
Loss multiplied by the standard rate of corporation tax in the UK of 25 % (2023 -
25 %)

(86,769

)

(77,908

)

Effects of:
Expenses not deductible for tax purposes 32 -
Capital allowances in excess of depreciation (776,726 ) (360,219 )
Utilisation of tax losses 168,499 327,725
Total tax credit (694,964 ) (110,402 )

Tax effects relating to effects of other comprehensive income

2024
Gross Tax Net
£    £    £   
Revaluation of land and buildings 7,369,734 (1,842,434 ) 5,527,300

8. INDIVIDUAL PROFIT AND LOSS ACCOUNT

As permitted by Section 408 of the Companies Act 2006, the Profit and Loss Account of the parent company is not presented as part of these financial statements.


Consall Hall Estate Limited (Registered number: 11317067)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

9. INTANGIBLE FIXED ASSETS

Group
Development
costs
£   
COST
At 1 July 2023
and 30 June 2024 6,454
AMORTISATION
At 1 July 2023 3,872
Amortisation for year 1,291
At 30 June 2024 5,163
NET BOOK VALUE
At 30 June 2024 1,291
At 30 June 2023 2,582

Company
Development
costs
£   
COST
At 1 July 2023
and 30 June 2024 6,454
AMORTISATION
At 1 July 2023 3,872
Amortisation for year 1,291
At 30 June 2024 5,163
NET BOOK VALUE
At 30 June 2024 1,291
At 30 June 2023 2,582

Consall Hall Estate Limited (Registered number: 11317067)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

10. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 July 2023 11,535,383 985,899 767,409
Additions 45,103 51,154 119,888
Disposals (220 ) - (98 )
Revaluations 7,369,734 - -
At 30 June 2024 18,950,000 1,037,053 887,199
DEPRECIATION
At 1 July 2023 - 106,806 139,022
Charge for year - 35,813 94,693
Eliminated on disposal - - (38 )
At 30 June 2024 - 142,619 233,677
NET BOOK VALUE
At 30 June 2024 18,950,000 894,434 653,522
At 30 June 2023 11,535,383 879,093 628,387

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 4,916 37,915 13,331,522
Additions - 1,304 217,449
Disposals - - (318 )
Revaluations - - 7,369,734
At 30 June 2024 4,916 39,219 20,918,387
DEPRECIATION
At 1 July 2023 469 12,343 258,640
Charge for year 1,112 6,562 138,180
Eliminated on disposal - - (38 )
At 30 June 2024 1,581 18,905 396,782
NET BOOK VALUE
At 30 June 2024 3,335 20,314 20,521,605
At 30 June 2023 4,447 25,572 13,072,882

Cost or valuation at 30 June 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2024 7,369,734 - -
Cost 11,580,266 1,037,053 887,199
18,950,000 1,037,053 887,199

Consall Hall Estate Limited (Registered number: 11317067)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

10. TANGIBLE FIXED ASSETS - continued

Group

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2024 - - 7,369,734
Cost 4,916 39,219 13,548,653
4,916 39,219 20,918,387

Freehold property was valued on an open market basis on 13 September 2024 by Knight Frank LLP .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1 July 2023 250,164
Transfer to ownership (250,164 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 47,531
Transfer to ownership (47,531 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 202,633

Company
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2023 11,535,383 958,297 627,632 13,121,312
Additions 45,103 31,135 6,983 83,221
Disposals (220 ) - - (220 )
Revaluations 7,369,734 - - 7,369,734
At 30 June 2024 18,950,000 989,432 634,615 20,574,047
DEPRECIATION
At 1 July 2023 - 99,309 99,464 198,773
Charge for year - 28,161 53,338 81,499
At 30 June 2024 - 127,470 152,802 280,272
NET BOOK VALUE
At 30 June 2024 18,950,000 861,962 481,813 20,293,775
At 30 June 2023 11,535,383 858,988 528,168 12,922,539

Consall Hall Estate Limited (Registered number: 11317067)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

10. TANGIBLE FIXED ASSETS - continued

Company

Cost or valuation at 30 June 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
Valuation in 2024 7,369,734 - - 7,369,734
Cost 11,580,266 989,432 634,615 13,204,313
18,950,000 989,432 634,615 20,574,047

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1 July 2023 250,164
Transfer to ownership (250,164 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 47,531
Transfer to ownership (47,531 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 202,633

The hire purchase contracts are secured against the assets to which they relate.

11. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100


The list of subsidiaries is as follows;

Name Registered office Nature of business Interest
The Tawny Hotel Limited Ebenezer House, Ryecroft,
Newcastle Under Lyme,
Staffordshire, ST5 2BE
Hotel and hospitality 100% ordinary shares

Consall Hall Estate Limited (Registered number: 11317067)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

12. STOCKS

Group
2024 2023
£    £   
Stocks 18,603 -

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 54,743 42,893 48,912 196,855
Other debtors 42,554 21,595 8,613 -
VAT - - - 19,447
Deferred tax asset - 205,351 - 208,433
Prepayments 78,721 69,452 67,224 69,452
176,018 339,291 124,749 494,187

Deferred tax asset
Group Company
2024 2023 2024 2023
£    £    £    £   
Accelerated capital allowances - (3,082 ) - -
Tax losses carried forward - 208,433 - 208,433
- 205,351 - 208,433

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 16) 223,516 215,667 223,516 215,667
Hire purchase contracts (see note 17) - 68,122 - 68,122
Trade creditors 650,760 883,960 135,219 247,946
Ensarb Limited 15,974 103,818 - -
Social security and other taxes 37,789 34,103 - -
Wages 89,110 85,878 - -
Pensions 7,223 3,514 - -
Attachment of earnings 542 - - -
VAT 123,602 65,952 5,992 -
Other creditors 92,974 359,137 78,069 349,421
Rezlynx 961,880 778,792 - -
Foxtail Barns Limited - 123,874 1,528,872 1,698,294
Accruals and deferred income 18,472 4,000 - -
Accrued expenses 37,205 55,323 37,205 55,323
2,259,047 2,782,140 2,008,873 2,634,773

Consall Hall Estate Limited (Registered number: 11317067)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

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

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans (see note 16) 2,383,953 2,516,455 2,383,953 2,516,455
Other loans (see note 16) 300,000 300,000 300,000 300,000
Other creditors 9,359,270 8,738,153 9,359,270 8,738,153
12,043,223 11,554,608 12,043,223 11,554,608

16. LOANS

An analysis of the maturity of loans is given below:

Group Company
2024 2023 2024 2023
£    £    £    £   
Amounts falling due within one year or on demand:
Bank loans 223,516 215,667 223,516 215,667
Amounts falling due between one and two years:
Bank loans - 1-2 years 223,516 215,667 223,516 215,667
Amounts falling due between two and five years:
Bank loans - 2-5 years 1,117,580 1,078,334 1,117,580 1,078,334
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 300,000 300,000 300,000 300,000
Repayable by instalments
Bank loans more 5 yr by instal 1,042,857 1,222,454 1,042,857 1,222,454

17. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 68,122

Company
Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 68,122

Consall Hall Estate Limited (Registered number: 11317067)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

18. SECURED DEBTS

The following secured debts are included within creditors:

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans 2,607,469 - 2,607,469 2,732,122
Other loans 300,000 - - -
Hire purchase contracts - - - 68,122
2,907,469 - 2,607,469 2,800,244

Hire purchase liabilities are secured against assets to which they relate.

A legal charge dated 08/03/22 exists between the company and HSBC over the freehold property known as Consall Hall, Consall and, Land and buildings lying to the south east of Consall Lane and, Land on the south side of Consall Hall and Land at Consall, Wetley Rocks, Stoke on Trent, ST9 0AG.

A debenture charge dated 03/02/22 exists between the group and HSBC over all present freehold and leasehold property; first fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future, and first floating charge over all assets and undertaking both present and future.

The group has entered into an unlimited multilateral guarantee dated 22/02/22 between Consall Hall Estate Limited, The Tawny Hotel Limited and Foxtail Barns Limited.

The other loans are secured under a fixed charge over The Lodge Consall New Hall, and land at Consall Wetley Rocks between Consall Hall Estate Limited and Adam and Amanda Jones.

19. PROVISIONS FOR LIABILITIES

Group Company
2024 2023 2024 2023
£    £    £    £   
Deferred tax
Accelerated capital allowances 56,958 - - -
Tax losses carried forward (957,273 ) - (957,273 ) -
Other timing differences 1,842,434 - 1,842,434 -
942,119 - 885,161 -

Group
Deferred
tax
£   
Balance at 1 July 2023 (205,351 )
Credit to Profit and Loss Account during year (694,964 )
Revaluation gains 1,842,434
Balance at 30 June 2024 942,119

Company
Deferred
tax
£   
Balance at 1 July 2023 (208,433 )
Credit to Profit and Loss Account during year (748,840 )
Revaluation gains 1,842,434
Balance at 30 June 2024 885,161

Consall Hall Estate Limited (Registered number: 11317067)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

21. RESERVES

Group
Non
Retained distributable
earnings reserves Totals
£    £    £   

At 1 July 2023 (367,151 ) - (367,151 )
Profit for the year 347,890 347,890
Non distributable reserves - 7,369,734 7,369,734
Deferred tax on revaluation - (1,842,434 ) (1,842,434 )
At 30 June 2024 (19,261 ) 5,527,300 5,508,039

Company
Non
Retained distributable
earnings reserves Totals
£    £    £   

At 1 July 2023 (387,052 ) - (387,052 )
Profit for the year 347,890 347,890
Non distributable reserves - 7,369,734 7,369,734
Deferred tax on revaluation - (1,842,434 ) (1,842,434 )
At 30 June 2024 (39,162 ) 5,527,300 5,488,138


Consall Hall Estate Limited (Registered number: 11317067)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

22. RELATED PARTY DISCLOSURES

Ensarb Limited

Included within debtors due within one year is a loan due from the connected company Ensarb Limited. No interest has been charged and the loan is repayable on demand. At the balance sheet date, the amount due from that company was £42,617 (2023 - £43,021).

Included within creditors due within one year is a loan due to the connected company Ensarb Limited. No interest has been charged and the loan is repayable on demand. At the balance sheet date, the amount due to that company was £15,689 (2023 - £106,853).

Included within creditors falling due after more than one year is the loan due to the connected company Ensarb Limited. Interest has been charged on the loan balance at 5.5% over base rate per annum. At the balance sheet date, the amount due to that company was £5,957,290 (2023 - £5,336,440). Sales to the company during the year amounted to £395,577 (2023 - £374,877). Purchases from the company during the year amounted to £740,397 (2023 - £1,023,004).

Basford Green Limited

Included within debtors due within one year is a loan due from the connected company Basford Green Limited. No interest has been charged and the loan is repayable on demand. At the balance sheet date, the amount due from that company was £2,971 (2023 - £Nil).

Included within creditors due within one year is a loan due to the connected company Basford Green Limited. No interest has been charged and the loan is repayable on demand. At the balance sheet date, the amount due to that company was £19,526 (2023 - £Nil).

Included within creditors falling due after more than one year is the loan due to the connected company Basford Green Limited. Interest has been charged on the loan balance at 5.5% over base rate per annum. At the balance sheet date, the amount due to that company was £3,401,979 (2023 - £3,401,713). Sales to the company during the year amounted to £2,971 (2023 - £264). Purchases from the company during the year amounted to £63,421 (2023 - £Nil).

Foxtail Barns Limited

Included within creditors due within one year is a loan due to the connected company Foxtail Barns Limited. No interest has been charged and the loan is repayable on demand. At the balance sheet date, the amount due to that company was £Nil (2023 - £123,874).

Sales to the company during the year amount to £740 (2023 - £Nil). Purchases from the company during the year amounted to £Nil (2023 - £17,525).

The group has entered into an unlimited multilateral guarantee dated 22/02/22 between Consall Hall Estate Limited, The Tawny Hotel Limited and Foxtail Barns Limited.

23. ULTIMATE CONTROLLING PARTY

The group is controlled by the directors, who are the majority shareholders.