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Financial Statements |
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Contents |
Page |
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Officers and professional advisers |
1 |
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Strategic report |
2 |
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Director's report |
5 |
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Independent auditor's report to the members |
8 |
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Consolidated statement of income and retained earnings |
13 |
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Company statement of income and retained earnings |
14 |
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Consolidated statement of financial position |
15 |
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Company statement of financial position |
16 |
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Consolidated statement of cash flows |
17 |
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Notes to the financial statements |
18 |
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Officers and Professional Advisers |
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Director |
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Registered office |
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Auditor |
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Chartered accountants & statutory auditor |
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2 Westbrook Court |
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Sharrow Vale Road |
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Sheffield |
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S11 8YZ |
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Bankers |
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Strategic Report |
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Director |
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Registered office: |
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Director's Report |
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Unit |
2024 |
2023 |
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Electricity grid and renewable |
tCO2e |
1,893 |
1,924 |
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Petrol and diesel |
tCO2e |
62 |
62 |
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Natural gas |
tCO2e |
1,614 |
1,643 |
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------- |
------- |
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Total emissions |
tCO2e |
3,569 |
3,629 |
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------- |
------- |
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Director |
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Registered office: |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
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For and on behalf of |
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Chartered accountants & statutory auditor |
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2 Westbrook Court |
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Sharrow Vale Road |
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Sheffield |
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S11 8YZ |
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Consolidated Statement of Income and Retained Earnings |
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2024 |
2023 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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------------- |
------------- |
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Gross profit |
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Administrative expenses |
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------------- |
------------- |
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Operating profit |
5 |
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Other interest receivable and similar income |
9 |
– |
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Interest payable and similar expenses |
10 |
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------------- |
------------- |
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Profit before taxation |
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Tax on profit |
11 |
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------------ |
--------- |
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Profit for the financial year and total comprehensive income |
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------------ |
--------- |
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Retained earnings at the start of the year |
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------------- |
------------- |
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Retained earnings at the end of the year |
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------------- |
------------- |
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Company Statement of Income and Retained Earnings |
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2024 |
2023 |
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Note |
£ |
£ |
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Profit for the financial year and total comprehensive income |
– |
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Retained earnings at the start of the year |
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--------- |
--------- |
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Retained earnings at the end of the year |
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--------- |
--------- |
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Consolidated Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
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Intangible assets |
13 |
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Tangible assets |
14 |
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Stocks |
16 |
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Debtors: due within one year |
17 |
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Debtors: due after more than one year |
17 |
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Cash at bank and in hand |
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------------- |
------------ |
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Creditors: amounts falling due within one year |
19 |
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------------- |
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Net current liabilities |
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------------- |
------------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
20 |
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Provisions |
22 |
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Net assets |
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Called up share capital |
25 |
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Profit and loss account |
26 |
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------------- |
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Shareholders funds |
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------------- |
------------- |
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Director |
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Company Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
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Investments |
15 |
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Debtors: due within one year |
17 |
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Creditors: amounts falling due within one year |
19 |
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------------- |
------------ |
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Net current (liabilities)/assets |
(
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------------- |
------------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
20 |
– |
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------------ |
------------- |
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Net assets |
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------------ |
------------- |
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Called up share capital |
25 |
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Capital redemption reserve |
26 |
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Profit and loss account |
26 |
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------------ |
------------ |
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Shareholders funds |
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------------ |
------------ |
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Director |
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Consolidated Statement of Cash Flows |
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2024 |
2023 |
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Note |
£ |
£ |
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Profit for the financial year |
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Adjustments for: |
||
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Depreciation of tangible assets |
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Amortisation of intangible assets |
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Other interest receivable and similar income |
– |
(
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Interest payable and similar expenses |
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(Gains)/loss on disposal of tangible assets |
(
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Tax on profit |
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Accrued expenses |
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Changes in: |
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Stocks |
(
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(
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Trade and other debtors |
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Trade and other creditors |
(
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Provisions and employee benefits |
– |
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------------ |
------------ |
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Cash generated from operations |
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Interest paid |
(
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(
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Interest received |
– |
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------------ |
------------ |
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Net cash from operating activities |
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------------ |
------------ |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
|
– |
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------------ |
------------ |
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Net cash used in investing activities |
(
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(
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------------ |
------------ |
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Repayments of borrowings |
(
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(
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Proceeds from finance leases |
– |
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Payments of finance lease liabilities |
(
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(
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|
------------ |
------------ |
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Net cash used in financing activities |
(
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(
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------------ |
------------ |
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Net increase/(decrease) in cash and cash equivalents |
|
(
|
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Cash and cash equivalents at beginning of year |
(631,399) |
10,785 |
|
|
------------ |
--------- |
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Cash and cash equivalents at end of year |
18 |
|
(
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|
------------ |
--------- |
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Notes to the Financial Statements |
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Goodwill |
- |
over
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Plant, equipment, fixtures and fittings |
- |
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Motor vehicles |
- |
|
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Computer and IT equipment |
- |
2-5 years straight line
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Provision of holiday accommodation and associated guest spend |
|
|
|
------------- |
------------- |
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|
2024 |
2023 |
|
|
£ |
£ |
|
|
Amortisation of intangible assets |
|
|
|
Depreciation of tangible assets |
|
|
|
(Gains)/loss on disposal of tangible assets |
(
|
|
|
------------ |
------------ |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Fees payable for the audit of the financial statements |
|
|
|
-------- |
-------- |
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Taxation compliance services |
|
|
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Taxation advisory services |
|
|
|
Other assurance services |
|
|
|
Other non-audit services |
|
|
|
-------- |
-------- |
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|
21,385 |
22,335 |
|
|
-------- |
-------- |
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|
2024 |
2023 |
|
|
No. |
No. |
|
|
Production staff |
|
|
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Administrative staff |
|
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Management staff |
46 |
55 |
|
---- |
---- |
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|
---- |
---- |
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|
2024 |
2023 |
|
|
£ |
£ |
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Wages and salaries |
|
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Social security costs |
|
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Other pension costs |
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|
------------- |
------------- |
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------------- |
------------- |
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|
2024 |
2023 |
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|
£ |
£ |
|
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Remuneration |
|
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|
Company contributions to defined contribution pension plans |
|
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|
--------- |
--------- |
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|
--------- |
--------- |
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|
2024 |
2023 |
|
|
£ |
£ |
|
|
Aggregate remuneration |
|
|
|
--------- |
--------- |
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|
2024 |
2023 |
|
|
£ |
£ |
|
|
Interest on cash and cash equivalents |
– |
|
|
---- |
---- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Interest on banks loans and overdrafts |
|
|
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Interest on obligations under finance leases and hire purchase contracts |
|
|
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Dividends paid on shares classed as debt |
|
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|
Other interest payable and similar charges |
|
|
|
------------ |
------------ |
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|
------------ |
------------ |
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|
2024 |
2023 |
|
|
£ |
£ |
|
|
UK current tax income |
|
– |
|
Origination and reversal of timing differences |
|
|
|
------------ |
--------- |
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Tax on profit |
|
|
|
------------ |
--------- |
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|
2024 |
2023 |
|
|
£ |
£ |
|
|
Profit on ordinary activities before taxation |
|
|
|
------------ |
--------- |
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Profit on ordinary activities by rate of tax |
|
|
|
Effect of expenses not deductible for tax purposes |
|
|
|
Effect of capital allowances and depreciation |
– |
|
|
Unused tax losses |
– |
|
|
------------ |
--------- |
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|
Tax on profit |
|
|
|
------------ |
--------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Dividends on shares classed as financial liabilities |
139,200 |
139,200 |
|
--------- |
--------- |
|
|
Group |
Goodwill |
|
£ |
|
|
Cost |
|
|
At 1 January 2024 and 31 December 2024 |
|
|
------------- |
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Amortisation |
|
|
At 1 January 2024 |
|
|
Charge for the year |
|
|
------------- |
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|
At 31 December 2024 |
|
|
------------- |
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|
Carrying amount |
|
|
At 31 December 2024 |
|
|
------------- |
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|
At 31 December 2023 |
|
|
------------- |
|
|
Group |
Freehold property |
Plant and machinery |
Motor vehicles |
Equipment |
Investment property |
Total |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
|
Cost |
||||||
|
At 1 Jan 2024 |
|
|
|
|
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Additions |
– |
|
|
|
– |
|
|
Disposals |
– |
– |
(
|
– |
– |
(
|
|
------------- |
------------- |
--------- |
--------- |
--------- |
------------- |
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|
At 31 Dec 2024 |
|
|
|
|
|
|
|
------------- |
------------- |
--------- |
--------- |
--------- |
------------- |
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Depreciation |
||||||
|
At 1 Jan 2024 |
– |
|
|
|
– |
|
|
Charge for the year |
– |
|
|
|
– |
|
|
Disposals |
– |
– |
(
|
– |
– |
(
|
|
------------- |
------------- |
--------- |
--------- |
--------- |
------------- |
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|
At 31 Dec 2024 |
– |
|
|
|
– |
|
|
------------- |
------------- |
--------- |
--------- |
--------- |
------------- |
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|
Carrying amount |
||||||
|
At 31 Dec 2024 |
|
|
|
|
|
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|
------------- |
------------- |
--------- |
--------- |
--------- |
------------- |
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At 31 Dec 2023 |
|
|
|
|
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|
------------- |
------------- |
--------- |
--------- |
--------- |
------------- |
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|
Group |
Fixtures and fittings |
Motor vehicles |
Total |
|
£ |
£ |
£ |
|
|
At 31 December 2024 |
|
|
|
|
--------- |
------- |
--------- |
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At 31 December 2023 |
|
|
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|
--------- |
-------- |
--------- |
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Company |
Shares in group undertakings |
|
£ |
|
|
Cost |
|
|
At 1 January 2024 and 31 December 2024 |
|
|
------------- |
|
|
Impairment |
|
|
At 1 January 2024 and 31 December 2024 |
– |
|
------------- |
|
|
Carrying amount |
|
|
At 1 January 2024 and 31 December 2024 |
|
|
------------- |
|
|
At 31 December 2023 |
|
|
------------- |
|
|
Class of share |
Percentage of shares held |
|
|
Subsidiary undertakings |
||
|
|
Ordinary |
100 |
|
|
Ordinary |
100 |
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Stocks of food, beverages and consumables |
|
|
– |
– |
|
--------- |
--------- |
---- |
---- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Trade debtors |
|
|
– |
– |
|
Amounts owed by group undertakings |
– |
– |
|
|
|
Prepayments and accrued income |
|
|
– |
– |
|
Corporation tax repayable |
– |
|
– |
– |
|
Director's loan account |
|
|
– |
– |
|
S 455 tax recoverable |
(1,354,868) |
(1,352,589) |
– |
– |
|
Other debtors |
|
|
– |
– |
|
------------ |
------------ |
------------ |
------------ |
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|
|
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|
------------ |
------------ |
------------ |
------------ |
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Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
S 455 tax recoverable |
1,354,868 |
1,352,589 |
– |
– |
|
------------ |
------------ |
---- |
---- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Cash at bank and in hand |
|
|
|
Bank overdrafts |
– |
(
|
|
------------ |
--------- |
|
|
|
(
|
|
|
------------ |
--------- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Bank loans and overdrafts |
|
|
|
|
|
Trade creditors |
|
|
– |
– |
|
Accruals and deferred income |
|
|
– |
– |
|
Corporation tax |
|
– |
– |
– |
|
Social security and other taxes |
|
|
– |
– |
|
Shares classed as financial liabilities |
|
|
|
|
|
Obligations under finance leases and hire purchase contracts |
|
|
– |
– |
|
Other creditors |
|
|
– |
– |
|
------------- |
------------- |
------------- |
------------ |
|
|
|
|
|
|
|
|
------------- |
------------- |
------------- |
------------ |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Bank loans and overdrafts |
– |
|
– |
|
|
Obligations under finance leases and hire purchase contracts |
|
|
– |
– |
|
--------- |
------------- |
---- |
------------- |
|
|
|
|
– |
|
|
|
--------- |
------------- |
---- |
------------- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Not later than 1 year |
|
|
– |
– |
|
Later than 1 year and not later than 5 years |
|
|
– |
– |
|
--------- |
--------- |
---- |
---- |
|
|
|
|
– |
– |
|
|
--------- |
--------- |
---- |
---- |
|
|
Group |
Deferred tax (note 23) |
|
£ |
|
|
At 1 January 2024 |
|
|
Additions |
|
|
------------ |
|
|
At 31 December 2024 |
|
|
------------ |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Included in provisions (note 22) |
|
|
– |
– |
|
------------ |
--------- |
---- |
---- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Accelerated capital allowances |
|
|
– |
– |
|
------------ |
--------- |
---- |
---- |
|
|
2024 |
2023 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
24,000 |
|
24,000 |
|
-------- |
-------- |
-------- |
-------- |
|
|
|
|
3,000,000 |
|
3,000,000 |
|
------------ |
------------ |
------------ |
------------ |
|
|
At 1 Jan 2024 |
Cash flows |
At 31 Dec 2024 |
|
|
£ |
£ |
£ |
|
|
Cash at bank and in hand |
|
2,407,736 |
|
|
Bank overdrafts |
(769,159) |
769,159 |
– |
|
Debt due within one year |
(1,261,199) |
(19,840,553) |
(21,101,752) |
|
Debt due after one year |
(21,183,815) |
21,057,435 |
(126,380) |
|
------------- |
------------- |
------------- |
|
|
(
|
|
(
|
|
|
------------- |
------------- |
------------- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Not later than 1 year |
|
|
– |
– |
|
Later than 1 year and not later than 5 years |
|
– |
– |
– |
|
--------- |
-------- |
---- |
---- |
|
|
|
|
– |
– |
|
|
--------- |
-------- |
---- |
---- |
|