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                                                                                      Registered number: 09671201













Colonel Porters Emporium Limited

Annual report - filing copy

30 November 2024




 
Colonel Porters Emporium Limited


Balance sheet
At 30 November 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
115,987
105,543

  
115,987
105,543

Current assets
  

Stocks
  
27,377
22,789

Debtors
 6 
31,278
45,679

Cash at bank and in hand
  
1,858,677
1,295,153

  
1,917,332
1,363,621

Creditors: amounts falling due within one year
 7 
(1,686,852)
(1,459,160)

Net current assets
  
 
 
230,480
 
 
(95,539)

Total assets less current liabilities
  
346,467
10,004

Provisions for liabilities
  

Deferred taxation
  
(6,869)
-

Net assets
  
339,598
10,004


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
339,597
10,003

Total equity
  
339,598
10,004


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 August 2025.

J R Adamson
Director
 
Company registered number: 09671201

The notes on pages 2 to 7 form part of these financial statements.

1

 
Colonel Porters Emporium Limited
 
 

Notes to the financial statements
Year ended 30 November 2024

1.


General information

Colonel Porters Emporium Limited ('the company') is a private company limited by shares, incorporated in the United Kingdom and registered in England and Wales. The address of the registered office is Ramside Hall Hotel, Carrville, Durham, DH1 1TD. 

2.


Statement of compliance

The financial statements have been prepared in accordance with United Kingdom Accounting Standards, including section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' ('FRS 102') and the Companies Act 2006. 

3.Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated. 

 
3.1

Basis of preparation of financial statements

The financial statements are prepared on a going concern basis and under the historical cost convention. They are presented in pounds sterling and rounded to the nearest £.

 
3.2

Going concern

In determining the appropriate basis of preparation of the financial statements, the director is required to consider whether the company can continue in operational existence for the foreseeable future. The company meets its working capital requirements through its cash resources and operating cashflows. The director has considered the position of the company at the year, its recent trading performance and forecasts over a period of at least 12 months from the date of the signing these financial statements.
As a result of this process, at the time of approving the financial statements, the director is of the opinion that it is appropriate to adopt the going concern basis of preparation of the financial statements.

 
3.3

Revenue

Turnover comprises revenue recognised in respect of goods supplied during the year, net of discounts and excluding Value Added Tax. 
Turnover from the goods and services supplied is recognised at the point of sale. 
Grant income
Government grants are recognised on the accruals basis. Grants relating to assets are recognised in the profit and loss account over the expected life of the asset. Revenue grants are recognised in the profit and loss account over the same periods in which the related costs are recognised. Grant monies received but deferred to future periods are included on the balance sheet as deferred income.

2

 
Colonel Porters Emporium Limited
 

 
Notes to the financial statements
Year ended 30 November 2024

3.Accounting policies (continued)

  
3.4

Employee benefits

Short-term benefits
Short-term benefits, including holiday pay and other similar non-monetary benefits are recognised as an expense in the period in which the employee’s entitlement to the benefit accrues.  
Defined contribution pension plan
The company operates a defined contribution pension plan for its employees. Contributions are recognised as an expense when they fall due. Amounts due but not yet paid are included within creditors on the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
3.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

  
3.6

Taxation

The taxation expense for the year comprises current and deferred tax and is recognised in the profit and loss account.
Current tax is the amount of corporation tax payable in respect of the taxable profit for the current or past reporting periods. It is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods, and arises from ‘timing differences’ (where transactions or events are included in the financial statements in periods different from those in which they are assessed for tax).  Deferred tax is recognised in respect of all timing differences, except that 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of the timing differences.

  
3.7

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost, less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price plus any further costs directly attributable to bringing the asset to its working condition for its intended use. 
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their estimated useful lives on the following bases:
   Fixtures and fittings  - 15% straight line
   Motor vehicles    - 25% straight line
Asset residual values and useful lives are reviewed at the end of each reporting period, and adjusted if appropriate. The effect of any change is accounted for prospectively. 

3

 
Colonel Porters Emporium Limited
 

 
Notes to the financial statements
Year ended 30 November 2024

3.Accounting policies (continued)

  
3.8

Leases

All of the company's leasing arrangements are operating leases. Rental payments under operating leases are charged to the profit and loss account on a straight-line basis over the lease term, even if payments are not made on such a basis.

 
3.9

Stocks

Stocks are stated at the lower of cost or estimated selling price less costs to complete and sell. Cost is determined using the first-in first-out (FIFO) method and includes the purchase price (including taxes and duties) and transport and handling costs directly attributable to bringing the stock to its present location. Provision is made as necessary for damaged, obsolete or slow-moving items.

 
3.10

Financial instruments

The company only enters into financial instruments transactions that result in the recognition of basic debt financial assets and liabilities such as trade and other debtors and creditors, cash and bank balances and loans to or from related parties, including fellow group companies. Debt instruments are initially measured at the transaction price and subsequently measured at amortised cost using the effective interest method. 
At the end of each reporting period debt financial assets are assessed for impairment, and their carrying value reduced if necessary. Any impairment charge is recognised in the profit and loss account.


4.


Employees

The average monthly number of employees, including directors, during the year was 26 (2023: 22).

4

 
Colonel Porters Emporium Limited
 
 

Notes to the financial statements
Year ended 30 November 2024

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost 


At 1 December 2023
117,203
573,868
691,071


Additions
117,328
-
117,328


Disposals
(117,203)
-
(117,203)



At 30 November 2024

117,328
573,868
691,196



Depreciation


At 1 December 2023
36,626
548,902
585,528


Charge for the year 
18,251
21,901
40,152


Disposals
(50,471)
-
(50,471)



At 30 November 2024

4,406
570,803
575,209



Net book value



At 30 November 2024
112,922
3,065
115,987



At 30 November 2023
80,577
24,966
105,543

5

 
Colonel Porters Emporium Limited
 
 

Notes to the financial statements
Year ended 30 November 2024

6.


Debtors

2024
2023
£
£


Trade debtors
5,672
3,841

Other debtors
11,958
14,695

Prepayments and accrued income
13,648
27,143

31,278
45,679



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
73,917
127,653

Amounts owed to group undertakings
1,216,073
1,032,342

Corporation tax
108,596
69,542

Tax and social security
79,882
48,799

Other creditors
99,653
72,677

Accruals and deferred income
108,731
108,147

1,686,852
1,459,160



8.


Contingent liabilities

The group companies comprising Ramside Holdings Limited, Ramside Estates Limited, Beyond Leisure Limited and Colonel Porters Emporium Limited are party to a cross-company guarantee to collectively guarantee payment of their indebtedness to the bank. At the balance sheet date, the contingent liability (bank debts of the group companies) was £4,812,006 (2023: £3,691,109).


9.


Commitments under operating leases

At 30 November 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
48,333
48,333

Later than 1 year and not later than 5 years
193,333
193,333

Later than 5 years
60,417
108,750

302,083
350,416

6

 
Colonel Porters Emporium Limited
 
 

Notes to the financial statements
Year ended 30 November 2024

10.


Related party transactions

The company has taken advantage of the exemption, under the terms of FRS 102, not to disclose related party transactions with wholly owned members of the group.
At the year end there is a director's loan account totaling £17,596 (2023: £19,999) which is interest free and included within other creditors.


11.


Ultimate parent company

The immediate parent undertaking is Ramside Estates Limited, a company incorporated in the United Kingdom and registered in England.
The ultimate parent undertaking and the smallest and largest group to consolidate these financial statements is Ramside Holdings Limited, whose registered office is Ramside Hall Hotel, Carrville, Durham, DH1 1TD.


12.


Auditor's information

This is the filing copy of the company's full financial statements. As permitted by section 444 of the Companies Act 2006, the filing copy does not include the profit and loss account.

The full financial statements (which include a profit and loss account) were subject to audit, and the audit 
report gave an unqualified opinion.

The audit report was signed on 27 August 2025 by Nicola Coleman BSc(Hons) BFP FCA (senior statutory auditor) on behalf of UNW LLP, Statutory Auditor, Newcastle upon Tyne.

7