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REGISTERED NUMBER: 03610573 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2025

for

PEGASUS HOSPITALITY LIMITED

PEGASUS HOSPITALITY LIMITED (REGISTERED NUMBER: 03610573)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

PEGASUS HOSPITALITY LIMITED

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mrs R Courtney





SECRETARY: Mrs R Courtney





REGISTERED OFFICE: Staffordshire County Showground
Weston Road
Stafford
ST18 0BD





REGISTERED NUMBER: 03610573 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

PEGASUS HOSPITALITY LIMITED (REGISTERED NUMBER: 03610573)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 7,734 3,679

CURRENT ASSETS
Stocks 12,340 13,483
Debtors 5 1,262 2,881
Cash at bank and in hand 61,268 71,031
74,870 87,395
CREDITORS
Amounts falling due within one year 6 33,103 30,583
NET CURRENT ASSETS 41,767 56,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,501

60,491

CREDITORS
Amounts falling due after more than one year 7 (2,056 ) (7,489 )

PROVISIONS FOR LIABILITIES (1,469 ) (742 )
NET ASSETS 45,976 52,260

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 45,826 52,110
SHAREHOLDERS' FUNDS 45,976 52,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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

The 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 director and authorised for issue on 6 May 2025 and were signed by:





Mrs R Courtney - Director


PEGASUS HOSPITALITY LIMITED (REGISTERED NUMBER: 03610573)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Pegasus Hospitality 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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for the assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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

The Directors review stock held at the balance sheet date to ensure that only those goods deemed fit for future sales are included.

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.

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.

Employee benefits
The company's holiday period is 1 April - 31 March, therefore no accrued holiday pay provision is required in these accounts.

PEGASUS HOSPITALITY LIMITED (REGISTERED NUMBER: 03610573)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 13,918 3,478 3,317 20,713
Additions 4,859 371 - 5,230
Disposals (2,055 ) - - (2,055 )
At 31 March 2025 16,722 3,849 3,317 23,888
DEPRECIATION
At 1 April 2024 13,075 1,308 2,651 17,034
Charge for year 562 429 167 1,158
Eliminated on disposal (2,038 ) - - (2,038 )
At 31 March 2025 11,599 1,737 2,818 16,154
NET BOOK VALUE
At 31 March 2025 5,123 2,112 499 7,734
At 31 March 2024 843 2,170 666 3,679

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 823 2,881
Other debtors 439 -
1,262 2,881

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 1,611 670
Taxation and social security 11,304 19,037
Other creditors 20,188 10,876
33,103 30,583

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Other creditors 2,056 7,489

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Courtney who now owns 100% of the issued share capital.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Pegasus Hospitality Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pegasus Hospitality Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Pegasus Hospitality Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pegasus Hospitality Limited and state those matters that we have agreed to state to the director of Pegasus Hospitality Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pegasus Hospitality Limited and its director for our work or for this report.

It is your duty to ensure that Pegasus Hospitality Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pegasus Hospitality Limited. You consider that Pegasus Hospitality Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pegasus Hospitality Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


6 May 2025