| REGISTERED NUMBER: 14314684 (England and Wales) |
| Group Strategic Report, Report of the Directors and |
| Consolidated Financial Statements for the Year Ended 31 October 2024 |
| for |
| Caterleisure Group Limited |
| REGISTERED NUMBER: 14314684 (England and Wales) |
| Group Strategic Report, Report of the Directors and |
| Consolidated Financial Statements for the Year Ended 31 October 2024 |
| for |
| Caterleisure Group Limited |
| Caterleisure Group Limited (Registered number: 14314684) |
| Contents of the Consolidated Financial Statements |
| for the Year Ended 31 October 2024 |
| Page |
| Company Information | 1 |
| Group Strategic Report | 2 |
| Report of the Directors | 3 |
| Report of the Independent Auditors | 4 |
| Consolidated Statement of Comprehensive Income | 6 |
| Consolidated Balance Sheet | 7 |
| Company Balance Sheet | 8 |
| Consolidated Statement of Changes in Equity | 9 |
| Company Statement of Changes in Equity | 10 |
| Consolidated Cash Flow Statement | 11 |
| Notes to the Consolidated Cash Flow Statement | 12 |
| Notes to the Consolidated Financial Statements | 13 |
| Caterleisure Group Limited |
| Company Information |
| for the Year Ended 31 October 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Network House |
| Stubs Beck Lane |
| Cleckheaton |
| BD19 4TT |
| Caterleisure Group Limited (Registered number: 14314684) |
| Group Strategic Report |
| for the Year Ended 31 October 2024 |
| The directors present their strategic report of the company and the group for the year ended 31 October 2024. |
| REVIEW OF BUSINESS |
| The principal activity of the group in the year under review was that of bar, catering, and retail solutions for the travel and leisure industry. |
| The group has significantly exceeded its turnover target of £15,000,000. Operating profit for the year was £1,155,216, which is in line with managements expectations. The group have continued to invest in its rebranding project to ensure that its catering facilities continue to offer high quality, modern premises which can rival its competitors. |
| The group continues to feel the pressures of inflationary increases in costs such as minimum wage and national insurance. However, management are confident that they have robust pricing strategies in place to enable them to maintain their current gross profit and net profit margins. |
| PRINCIPAL RISKS AND UNCERTAINTIES |
| Financial, credit, liquidity and cashflow risk are considered low as the group has sufficient profitability and cash generation. Working capital is managed and constantly reviewed on a weekly basis. The group has a healthy balance sheet, which due to investment in the group assets, has set the motion for individual group companies to operate efficiently in the next financial year. |
| The major business risks have been inflation, and the announcement of National Insurance rises in the autumn budget. |
| KEY PERFORMANCE INDICATORS |
| The board monitors the progress of the group by reference to the following KPI's: |
| 2024 | 2023 |
| £ | £ |
| Turnover | 18,086,956 | 14,953,410 |
| Gross Profit Percentage | 35.92% | 32.83% |
| Operating Profit Percentage | 6.39% | 0.47% |
| The main non-financial KPI's are customer satisfaction resulting from repeat orders and customer feedback per site. |
| FUTURE DEVELOPMENTS |
| The group believes it is well placed to grow its turnover sustainably and increase its profitability. |
| ON BEHALF OF THE BOARD: |
| 21 July 2025 |
| Caterleisure Group Limited (Registered number: 14314684) |
| Report of the Directors |
| for the Year Ended 31 October 2024 |
| The directors present their report with the financial statements of the company and the group for the year ended 31 October 2024. |
| PRINCIPAL ACTIVITY |
| The principal activity of the group in the year under review was that of bar, catering and retail solutions for the travel and leisure industry. |
| DIVIDENDS |
| An interim dividend of £0.736 per share was paid on 5 April 2024. The directors recommend a final dividend of £0.750 per share, making a total of £1.486 per share for the year ended 31 October 2024. |
| The total distribution of dividend for the year ended 31 October 2024 will be £148,579. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 November 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). 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, KJA Kilner Johnson Ltd (Statutory Auditors), 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 |
| Caterleisure Group Limited |
| Opinion |
| We have audited the financial statements of Caterleisure Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2024 which comprise the Consolidated Statement of 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 31 October 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 |
| Caterleisure Group Limited |
| Responsibilities of directors |
| As explained more fully in the Statement of Directors' Responsibilities set out on page three, 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. |
| 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: |
| While planning our audit, we have made enquiries of management and those charged with governance around any actual or potential litigation and claims against the company for non-compliance with specific laws and regulations. The same has been done in respect of any instances of fraud or irregularities. The responses received have been communicated with the engagement team at the planning stage. |
| We have not been informed of any specific laws or regulatory related issues that could materially impact the financial statements in addition to this, there has been no suspected fraud or irregularities reported to us. |
| While planning our audit the engagement partner selected appropriately trained staff to be engaged in the audit and the team are allocated based on their competence and capabilities. |
| The audit work undertaken is a substantive work based audit approach, reviewing to source documentation where appropriate and includes a review and walkthrough of the systems which management have put in place. These tests are directional. Therefore, they are designed in a way to maximise audit effectiveness and the possible identification of any material fraud, irregularities, or instances of systems and procedure breaches. Our testing did not identify any issues that requires any additional reporting. |
| These tests and other areas of our audit work are designed to enhance our ability to detect cases of material fraud and certain irregularities. It should be noted that our audit is carried out using a material based approach and therefore does not test every transaction, as such it would not detect all instances of irregularities and specifically fraud which is inherently more difficult to detect. |
| 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. |
| 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 |
| Network House |
| Stubs Beck Lane |
| Cleckheaton |
| BD19 4TT |
| Caterleisure Group Limited (Registered number: 14314684) |
| Consolidated |
| Statement of Comprehensive |
| Income |
| for the Year Ended 31 October 2024 |
| Period |
| 24.8.22 |
| Year Ended | to |
| 31.10.24 | 31.10.23 |
| Notes | £ | £ |
| TURNOVER | 18,086,956 | 14,953,410 |
| Cost of sales | 11,600,511 | 10,053,618 |
| GROSS PROFIT | 6,486,445 | 4,899,792 |
| Administrative expenses | 5,461,115 | 4,831,331 |
| 1,025,330 | 68,461 |
| Other operating income | 129,886 | 2,068 |
| OPERATING PROFIT | 4 | 1,155,216 | 70,529 |
| Income from current asset |
| investments | 14,000 | 6,870 |
| 1,169,216 | 77,399 |
| Interest payable and similar expenses | 5 | 24,004 | 21,726 |
| PROFIT BEFORE TAXATION | 1,145,212 | 55,673 |
| Tax on profit | 6 | 31,266 | (63,982 | ) |
| PROFIT FOR THE FINANCIAL YEAR |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
1,113,946 |
119,655 |
| Profit attributable to: |
| Owners of the parent | 1,113,946 | 119,655 |
| Total comprehensive income attributable to: |
| Owners of the parent | 1,113,946 | 119,655 |
| Caterleisure Group Limited (Registered number: 14314684) |
| Consolidated Balance Sheet |
| 31 October 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 9 | (773,554 | ) | (1,031,406 | ) |
| Tangible assets | 10 | 2,261,122 | 2,043,757 |
| Investments | 11 | - | - |
| 1,487,568 | 1,012,351 |
| CURRENT ASSETS |
| Stocks | 12 | 374,488 | 327,605 |
| Debtors | 13 | 267,300 | 273,411 |
| Investments | 14 | 836,094 | 729,280 |
| Cash at bank and in hand | 2,183,233 | 1,936,493 |
| 3,661,115 | 3,266,789 |
| CREDITORS |
| Amounts falling due within one year | 15 | 3,984,616 | 3,978,374 |
| NET CURRENT LIABILITIES | (323,501 | ) | (711,585 | ) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
1,164,067 |
300,766 |
| CREDITORS |
| Amounts falling due after more than one year | 16 | (77,778 | ) | (211,111 | ) |
| PROVISIONS FOR LIABILITIES | 19 | (31,267 | ) | - |
| NET ASSETS | 1,055,022 | 89,655 |
| CAPITAL AND RESERVES |
| Called up share capital | 20 | 100,000 | 100,000 |
| Fair value reserve | 21 | 84,090 | - |
| Retained earnings | 21 | 870,932 | (10,345 | ) |
| SHAREHOLDERS' FUNDS | 1,055,022 | 89,655 |
| The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by: |
| Stuart Peacock - Director |
| Caterleisure Group Limited (Registered number: 14314684) |
| Company Balance Sheet |
| 31 October 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 9 |
| Tangible assets | 10 |
| Investments | 11 |
| CURRENT ASSETS |
| Debtors | 13 |
| CREDITORS |
| Amounts falling due within one year | 15 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 20 |
| Other reserves | 21 |
| SHAREHOLDERS' FUNDS |
| Company's profit for the financial year | 148,579 | 130,000 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Caterleisure Group Limited (Registered number: 14314684) |
| Consolidated Statement of Changes in Equity |
| for the Year Ended 31 October 2024 |
| Called up | Fair |
| share | Retained | value | Total |
| capital | earnings | reserve | equity |
| £ | £ | £ | £ |
| Changes in equity |
| Issue of share capital | 100,000 | - | - | 100,000 |
| Dividends | - | (130,000 | ) | - | (130,000 | ) |
| Total comprehensive income | - | 119,655 | - | 119,655 |
| Balance at 31 October 2023 | 100,000 | (10,345 | ) | - | 89,655 |
| Changes in equity |
| Dividends | - | (148,579 | ) | - | (148,579 | ) |
| Total comprehensive income | - | 1,029,856 | 84,090 | 1,113,946 |
| Balance at 31 October 2024 | 100,000 | 870,932 | 84,090 | 1,055,022 |
| Caterleisure Group Limited (Registered number: 14314684) |
| Company Statement of Changes in Equity |
| for the Year Ended 31 October 2024 |
| Called up |
| share | Retained | Other | Total |
| capital | earnings | reserves | equity |
| £ | £ | £ | £ |
| Changes in equity |
| Issue of share capital | - | - |
| Dividends | - | ( |
) | - | ( |
) |
| Total comprehensive income | - |
| Balance at 31 October 2023 |
| Changes in equity |
| Dividends | - | ( |
) | - | ( |
) |
| Total comprehensive income | - |
| Balance at 31 October 2024 |
| Caterleisure Group Limited (Registered number: 14314684) |
| Consolidated Cash Flow Statement |
| for the Year Ended 31 October 2024 |
| Period |
| 24.8.22 |
| Year Ended | to |
| 31.10.24 | 31.10.23 |
| Notes | £ | £ |
| Cash flows from operating activities |
| Cash generated from operations | 1 | 1,395,184 | 2,815,176 |
| Interest paid | (24,004 | ) | (21,726 | ) |
| Tax paid | - | 152,384 |
| Net cash from operating activities | 1,371,180 | 2,945,834 |
| Cash flows from investing activities |
| Purchase of tangible fixed assets | (772,653 | ) | (634,676 | ) |
| Purchase of listed investments | - | (746,178 | ) |
| Sale of tangible fixed assets | 4,698 | 153,986 |
| Fair value movement on investments | (106,813 | ) | - |
| Dividends received | 14,000 | 6,870 |
| Net cash from investing activities | (860,768 | ) | (1,219,998 | ) |
| Cash flows from financing activities |
| New loans in year | - | 477,777 |
| Loan repayments in year | (133,333 | ) | (133,333 | ) |
| Amount introduced by directors | 18,240 | 20,000 |
| Amount withdrawn by directors | - | (23,787 | ) |
| Equity dividends paid | (148,579 | ) | (130,000 | ) |
| Net cash from financing activities | (263,672 | ) | 210,657 |
| Increase in cash and cash equivalents | 246,740 | 1,936,493 |
| Cash and cash equivalents at beginning of year | 2 | 1,936,493 | - |
| Cash and cash equivalents at end of year | 2 | 2,183,233 | 1,936,493 |
| Caterleisure Group Limited (Registered number: 14314684) |
| Notes to the Consolidated Cash Flow Statement |
| for the Year Ended 31 October 2024 |
| 1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS |
| Period |
| 24.8.22 |
| Year Ended | to |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Profit before taxation | 1,145,212 | 55,673 |
| Depreciation charges | 251,455 | 550,715 |
| Loss on disposal of fixed assets | 41,756 | 42,209 |
| Loss on revaluation of fixed assets | - | 23,768 |
| - | (257,852 | ) |
| Finance costs | 24,004 | 21,726 |
| Finance income | (14,000 | ) | (6,870 | ) |
| 1,448,427 | 429,369 |
| Increase in stocks | (47,356 | ) | (327,605 | ) |
| Decrease/(increase) in trade and other debtors | 6,111 | (273,411 | ) |
| (Decrease)/increase in trade and other creditors | (11,998 | ) | 2,986,823 |
| Cash generated from operations | 1,395,184 | 2,815,176 |
| 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 31 October 2024 |
| 31.10.24 | 1.11.23 |
| £ | £ |
| Cash and cash equivalents | 2,183,233 | 1,936,493 |
| Period ended 31 October 2023 |
| 31.10.23 | 24.8.22 |
| £ | £ |
| Cash and cash equivalents | 1,936,493 | - |
| 3. | ANALYSIS OF CHANGES IN NET FUNDS |
| At 1.11.23 | Cash flow | At 31.10.24 |
| £ | £ | £ |
| Net cash |
| Cash at bank and in hand | 1,936,493 | 246,740 | 2,183,233 |
| 1,936,493 | 246,740 | 2,183,233 |
| Liquid resources |
| Current asset investments | 729,280 | 106,814 | 836,094 |
| 729,280 | 106,814 | 836,094 |
| Debt |
| Debts falling due within 1 year | (133,333 | ) | - | (133,333 | ) |
| Debts falling due after 1 year | (211,111 | ) | 133,333 | (77,778 | ) |
| (344,444 | ) | 133,333 | (211,111 | ) |
| Total | 2,321,329 | 486,887 | 2,808,216 |
| Caterleisure Group Limited (Registered number: 14314684) |
| Notes to the Consolidated Financial Statements |
| for the Year Ended 31 October 2024 |
| 1. | STATUTORY INFORMATION |
| Caterleisure Group Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Basis of consolidation |
| The consolidated financial statements include the results of the Company and all its subsidiary undertakings made up to the same accounting date. All intra-Group balances, transactions, income and expenses are eliminated in full on consolidation. The results of subsidiary undertakings acquired or disposed of during the period are included or excluded from the consolidated income statement from the effective date of acquisition or disposal. |
| Significant judgements and estimates |
| In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results differ from these estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised id the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Negative goodwill |
| Negative goodwill arising on consolidation is been recognised in the profit and loss over its estimated useful economic life of 5 years. |
| 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 | - |
| Short leasehold | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| 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 Consolidated Statement of Comprehensive Income, 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. |
| Caterleisure Group Limited (Registered number: 14314684) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| Period |
| 24.8.22 |
| Year Ended | to |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Wages and salaries | 6,035,221 | 5,114,190 |
| Social security costs | 372,771 | 323,715 |
| Other pension costs | 107,975 | 92,179 |
| 6,515,967 | 5,530,084 |
| The average number of employees during the year was as follows: |
| Period |
| 24.8.22 |
| Year Ended | to |
| 31.10.24 | 31.10.23 |
| Average group employees |
| Period |
| 24.8.22 |
| Year Ended | to |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Directors' remuneration | 253,897 | 250,574 |
| Information regarding the highest paid director is as follows: |
| Period |
| 24.8.22 |
| Year Ended | to |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Emoluments etc | 94,729 | 91,850 |
| Caterleisure Group Limited (Registered number: 14314684) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging/(crediting): |
| Period |
| 24.8.22 |
| Year Ended | to |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Hire of plant and machinery | 5,990 | 5,505 |
| Other operating leases | 1,884,281 | 1,577,443 |
| Depreciation - owned assets | 518,306 | 550,715 |
| Loss on disposal of fixed assets | 41,756 | 42,209 |
| Goodwill amortisation | (257,852 | ) | (257,852 | ) |
| Auditors' remuneration | 10,000 | 10,000 |
| 5. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| Period |
| 24.8.22 |
| Year Ended | to |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Bank loan interest | 24,004 | 21,726 |
| 6. | TAXATION |
| Analysis of the tax charge/(credit) |
| The tax charge/(credit) on the profit for the year was as follows: |
| Period |
| 24.8.22 |
| Year Ended | to |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Current tax: |
| Over provision n prior year | - | (145,926 | ) |
| Deferred tax | 31,266 | 81,944 |
| Tax on profit | 31,266 | (63,982 | ) |
| 7. | INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME |
| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements. |
| 8. | DIVIDENDS |
| Period |
| 24.8.22 |
| Year Ended | to |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Ordinary shares of 1 each |
| Final | 148,579 | 130,000 |
| Caterleisure Group Limited (Registered number: 14314684) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 9. | INTANGIBLE FIXED ASSETS |
| Group |
| Goodwill |
| £ |
| COST |
| At 1 November 2023 |
| and 31 October 2024 | (1,289,258 | ) |
| AMORTISATION |
| At 1 November 2023 | (257,852 | ) |
| Amortisation for year | (257,852 | ) |
| At 31 October 2024 | (515,704 | ) |
| NET BOOK VALUE |
| At 31 October 2024 | (773,554 | ) |
| At 31 October 2023 | (1,031,406 | ) |
| 10. | TANGIBLE FIXED ASSETS |
| Group |
| Fixtures |
| Freehold | Short | and | Motor |
| property | leasehold | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 November 2023 | 382,500 | 1,436,003 | 101,746 | 192,065 | 2,112,314 |
| Additions | - | 463,246 | 229,072 | 80,335 | 772,653 |
| Disposals | - | (23,604 | ) | (13,378 | ) | - | (36,982 | ) |
| At 31 October 2024 | 382,500 | 1,875,645 | 317,440 | 272,400 | 2,847,985 |
| DEPRECIATION |
| At 1 November 2023 | - | 114,224 | (65,940 | ) | 20,273 | 68,557 |
| Charge for year | - | 345,401 | 162,013 | 10,892 | 518,306 |
| At 31 October 2024 | - | 459,625 | 96,073 | 31,165 | 586,863 |
| NET BOOK VALUE |
| At 31 October 2024 | 382,500 | 1,416,020 | 221,367 | 241,235 | 2,261,122 |
| At 31 October 2023 | 382,500 | 1,321,779 | 167,686 | 171,792 | 2,043,757 |
| 11. | FIXED ASSET INVESTMENTS |
| Company |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 November 2023 |
| and 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| Caterleisure Group Limited (Registered number: 14314684) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 11. | FIXED ASSET INVESTMENTS - continued |
| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Subsidiaries |
| Registered office: 197/199 Main Street, Wilsden, Bradford, West Yorkshire, BD15 0HR |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: 197/199 Main Street, Wilsden, Bradford, West Yorkshire, BD15 0HR |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: 197/199 Main Street, Wilsden, Bradford, West Yorkshire, BD15 0HR |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Isle of Man Airport, Ballasalla, Isle of Man, IM9 2AS |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Guernsey Airport, La Villaize Forest, Guernsey, Channel Islands, GY8 0DS |
| Nature of business: |
| % |
| Class of shares: | holding |
| For the period ending 31 October 2024 Caterleisure Group Limited has provided a guarantee to |
| Caterleisure Limited and Caterleisure Services Limited under section 479C of the Companies Act 2006. |
| For the period ended 31 October 2024 the following subsidiaries are entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary accounts: |
| Caterleisure Limited |
| Caterleisure Services Limited |
| 12. | STOCKS |
| Group |
| 2024 | 2023 |
| £ | £ |
| Stocks | 374,488 | 327,605 |
| Caterleisure Group Limited (Registered number: 14314684) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| Group | Company |
| 2024 | 2023 | 2024 | 2023 |
| £ | £ | £ | £ |
| Trade debtors | 161,606 | 141,923 |
| Amounts owed by group undertakings | - | - |
| Other debtors | 3,995 | 925 |
| Directors' current accounts | - | - | 1 | 1 |
| Prepayments | 101,699 | 130,563 |
| 267,300 | 273,411 |
| 14. | CURRENT ASSET INVESTMENTS |
| Group |
| 2024 | 2023 |
| £ | £ |
| Listed investments | 836,094 | 729,280 |
| Market value of listed investments held by the group at 31 October 2024 - £836,094 (2023 - £729,280). |
| 15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| Group | Company |
| 2024 | 2023 | 2024 | 2023 |
| £ | £ | £ | £ |
| Bank loans and overdrafts (see note 17) | 133,333 | 133,333 |
| Trade creditors | 1,197,225 | 1,418,066 |
| Amounts owed to group undertakings | - | - |
| Social security and other taxes | 100,537 | 89,659 |
| VAT | 381,867 | 366,200 | - | - |
| Other creditors | 932,563 | 729,583 |
| Directors' current accounts | 144,452 | 126,212 | - | - |
| Accrued expenses | 1,094,639 | 1,115,321 |
| 3,984,616 | 3,978,374 |
| 16. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| Group |
| 2024 | 2023 |
| £ | £ |
| Bank loans (see note 17) | 77,778 | 211,111 |
| Caterleisure Group Limited (Registered number: 14314684) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 17. | LOANS |
| An analysis of the maturity of loans is given below: |
| Group |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due within one year or on | demand: |
| Bank loans | 133,333 | 133,333 |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years | 77,778 | 133,333 |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years | - | 77,778 |
| 18. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| Group |
| 2024 | 2023 |
| £ | £ |
| Bank loans | 211,111 | 344,444 |
| The bank loans are secured by a fixed and floating charge over all the property and assets held by the company. |
| 19. | PROVISIONS FOR LIABILITIES |
| Group |
| 2024 | 2023 |
| £ | £ |
| Deferred tax | 31,267 | - |
| Group |
| Deferred |
| tax |
| £ |
| Charge to Statement of Comprehensive Income during year | 31,267 |
| Balance at 31 October 2024 | 31,267 |
| 20. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | 1 | 100,000 | 100,000 |
| Caterleisure Group Limited (Registered number: 14314684) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 21. | RESERVES |
| Group |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 November 2023 | (10,345 | ) | - | (10,345 | ) |
| Profit for the year | 1,113,946 | 1,113,946 |
| Dividends | (148,579 | ) | (148,579 | ) |
| Transfer between reserves | (84,090 | ) | 84,090 | - |
| At 31 October 2024 | 870,932 | 84,090 | 955,022 |
| Company |
| Retained | Other |
| earnings | reserves | Totals |
| £ | £ | £ |
| At 1 November 2023 | 5,700,003 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 October 2024 | 5,700,003 |
| 22. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is Stuart Peacock, director and shareholder. |