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 |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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: |
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. |
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: |
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. |
for and on behalf of |
Chartered Accountants |
and Statutory Auditors |
Ebenezer House |
Ryecroft |
Newcastle under Lyme |
Staffordshire |
ST5 2BE |
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 | ( |
) |
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 |
Tangible assets | 10 |
Investments | 11 |
CURRENT ASSETS |
Debtors | 13 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 14 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 15 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | 19 | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 20 |
Non distributable reserves | 21 |
Retained earnings | 21 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 |
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 | ( |
) | ( |
) |
Changes in equity |
Total comprehensive income | - | ( |
) | ( |
) |
Balance at 30 June 2023 | ( |
) | ( |
) |
Changes in equity |
Total comprehensive income | - |
Balance at 30 June 2024 | ( |
) |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 |
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 |
AMORTISATION |
At 1 July 2023 |
Amortisation for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
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 |
Additions |
Disposals | ( |
) | ( |
) |
Revaluations |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
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 |
Transfer to ownership | (250,164 | ) |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Transfer to ownership | (47,531 | ) |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
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 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
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 |
Other debtors | 42,554 | 21,595 |
VAT | - | - |
Deferred tax asset | - | 205,351 | - | 208,433 |
Prepayments | 78,721 | 69,452 |
176,018 | 339,291 |
Deferred tax asset |
Group | Company |
2024 | 2023 | 2024 | 2023 |
£ | £ | £ | £ |
Accelerated capital allowances | - | (3,082 | ) |
Tax losses carried forward | - | 208,433 |
- | 205,351 |
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 |
Hire purchase contracts (see note 17) | - | 68,122 |
Trade creditors | 650,760 | 883,960 |
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 |
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 |
2,259,047 | 2,782,140 |
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 |
Other loans (see note 16) | 300,000 | 300,000 |
Other creditors | 9,359,270 | 8,738,153 |
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 |
Amounts falling due between one and two years: |
Bank loans - 1-2 years | 223,516 | 215,667 |
Amounts falling due between two and five years: |
Bank loans - 2-5 years | 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 |
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 | - |
Other loans | 300,000 | - | - | - |
Hire purchase contracts | - | - | - | 68,122 |
2,907,469 | - |
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 | ) | - | ( |
) |
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 | ( |
) |
Credit to Profit and Loss Account during year | ( |
) |
Revaluation gains | 1,842,434 |
Balance at 30 June 2024 |
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: | £ | £ |
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 | ) |
Profit for the year |
Non distributable reserves | - | 7,369,734 | 7,369,734 |
Deferred tax on revaluation | - | (1,842,434 | ) | (1,842,434 | ) |
At 30 June 2024 | ( |
) | 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. |