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REGISTERED NUMBER: 10747701 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Country House Venues Limited

Country House Venues Limited (Registered number: 10747701)

Contents of the Financial Statements
for the year ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Country House Venues Limited

Company Information
for the year ended 31 October 2024







Directors: J Herman
Mrs H Herman-Squance
Mrs F S Shennan
A J G Shennan





Registered office: Broadfield Court
Bowley Lane
Bodenham
Hereford
Herefordshire
HR1 3LG





Registered number: 10747701 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Country House Venues Limited (Registered number: 10747701)

Balance Sheet
31 October 2024

31/10/24 31/10/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,335,137 2,328,017

CURRENT ASSETS
Stocks 4,000 1,500
Debtors 5 98,651 95,837
Cash at bank and in hand 56,475 27,993
159,126 125,330
CREDITORS
Amounts falling due within one year 6 (151,806 ) (140,994 )
NET CURRENT ASSETS/(LIABILITIES) 7,320 (15,664 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,342,457

2,312,353

CREDITORS
Amounts falling due after more than one year 7 (1,906,743 ) (1,958,128 )
NET ASSETS 435,714 354,225

CAPITAL AND RESERVES
Called up share capital 6 6
Share premium 199,998 199,998
Retained earnings 235,710 154,221
435,714 354,225

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

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

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

Country House Venues Limited (Registered number: 10747701)

Balance Sheet - continued
31 October 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by:





A J G Shennan - Director


Country House Venues Limited (Registered number: 10747701)

Notes to the Financial Statements
for the year ended 31 October 2024


1. STATUTORY INFORMATION

Country House Venues 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 Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover in respect of events and hires is recognised at the date of the event. Amounts received in advance of such events are included in creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

No depreciation is provided on freehold property as the residual value is considered to exceed the book values.

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

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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

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

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

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

Country House Venues Limited (Registered number: 10747701)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Property Plant and
property refurbishment machinery Totals
£    £    £    £   
Cost
At 1 November 2023 2,187,581 130,986 32,535 2,351,102
Additions - 9,322 7,443 16,765
Disposals - - (5,847 ) (5,847 )
At 31 October 2024 2,187,581 140,308 34,131 2,362,020
Depreciation
At 1 November 2023 - - 23,085 23,085
Charge for year - - 3,798 3,798
At 31 October 2024 - - 26,883 26,883
Net book value
At 31 October 2024 2,187,581 140,308 7,248 2,335,137
At 31 October 2023 2,187,581 130,986 9,450 2,328,017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 31,912 9,514
Other debtors 66,739 86,323
98,651 95,837

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts 32,563 32,226
Trade creditors 5,068 8,338
Taxation and social security 22,033 6,344
Other creditors 92,142 94,086
151,806 140,994

Country House Venues Limited (Registered number: 10747701)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans 406,598 437,330
Other creditors 1,500,145 1,520,798
1,906,743 1,958,128

Amounts falling due in more than five years:

Repayable by instalments
Bank loans payable after more than 5 years by
instalments

251,402

287,068

8. SECURED DEBTS

The following secured debts are included within creditors:

31/10/24 31/10/23
£    £   
Bank loans 439,161 469,556

The bank loans are secured by fixed and floating charges over the assets of the company.