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REGISTERED NUMBER: 09886179 (England and Wales)















TIVOLI INNS (CARDIFF) LIMITED

Unaudited Financial Statements

for the Year Ended 31 October 2024






TIVOLI INNS (CARDIFF) LIMITED (REGISTERED NUMBER: 09886179)






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


TIVOLI INNS (CARDIFF) LIMITED

Company Information
for the year ended 31 October 2024







DIRECTORS: T E Stringer
P M Pioli





SECRETARY: Mrs H R Pioli





REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: 09886179 (England and Wales)






TIVOLI INNS (CARDIFF) LIMITED (REGISTERED NUMBER: 09886179)

Balance Sheet
31 October 2024

31/10/24 31/10/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 210,927 271,402

CURRENT ASSETS
Stocks 25,383 34,263
Debtors 5 32,596 56,289
Cash at bank and in hand 52,134 181,020
110,113 271,572
CREDITORS
Amounts falling due within one year 6 325,218 461,286
NET CURRENT LIABILITIES (215,105 ) (189,714 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,178

)

81,688

CREDITORS
Amounts falling due after more than one year 7 (7,500 ) (17,500 )

PROVISIONS FOR LIABILITIES (49,673 ) (64,120 )
NET (LIABILITIES)/ASSETS (61,351 ) 68

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (61,352 ) 67
SHAREHOLDERS' FUNDS (61,351 ) 68

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.

TIVOLI INNS (CARDIFF) LIMITED (REGISTERED NUMBER: 09886179)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by:




P M Pioli - Director



T E Stringer - Director


TIVOLI INNS (CARDIFF) LIMITED (REGISTERED NUMBER: 09886179)

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

1. STATUTORY INFORMATION

Tivoli Inns (Cardiff) 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.

As at 31st October 2024, the company's balance sheet reflected an insolvent position and net current liabilities. The Directors have considered the 12 months from the date of the signing of the accounts and are confident that the company will return to a solvent position. Therefore, the Directors consider the going concern basis of preparation to be appropriate.

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.
Long leasehold - at varying rates on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Music Equipment - 25% on cost
Computer equipment - 25% on cost

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 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.

Lease incentives
The benefits of lease incentives are recognised in the profit and loss account over the total lease period.

Holiday pay accrual
The liability is recognised when an employee has provided service in exchange for benefits to be paid in the future.

TIVOLI INNS (CARDIFF) LIMITED (REGISTERED NUMBER: 09886179)

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 13 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 365,531 213,848 579,379
Additions - 4,250 4,250
At 31 October 2024 365,531 218,098 583,629
DEPRECIATION
At 1 November 2023 149,096 158,881 307,977
Charge for year 41,846 22,879 64,725
At 31 October 2024 190,942 181,760 372,702
NET BOOK VALUE
At 31 October 2024 174,589 36,338 210,927
At 31 October 2023 216,435 54,967 271,402

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 442 -
Other debtors 32,154 56,289
32,596 56,289

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 77,032 131,651
Amounts owed to group undertakings 1,536 1,443
Taxation and social security 17,391 36,444
Other creditors 219,259 281,748
325,218 461,286

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans 7,500 17,500

TIVOLI INNS (CARDIFF) LIMITED (REGISTERED NUMBER: 09886179)

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

8. OTHER FINANCIAL COMMITMENTS

As at the balance sheet date, the company had total future minimum lease payments under an operating lease for plant and machinery amounting to £14,429 per annum. This lease has no cessation date and the lessee or lessor can terminate the agreement at any time.

The company also has total future minimum lease payments under another operating lease amounting to £360,000.

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Tivoli Inns Limited.