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Registered number: 09671201
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Colonel Porters Emporium Limited
Annual report - filing copy
30 November 2024
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Colonel Porters Emporium Limited
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Balance sheet
At 30 November 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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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.
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Director
Company registered number: 09671201
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The notes on pages 2 to 7 form part of these financial statements.
1
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Colonel Porters Emporium Limited
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Notes to the financial statements
Year ended 30 November 2024
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.
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.
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Basis of preparation of financial statements
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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 £.
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.
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
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Colonel Porters Emporium Limited
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Notes to the financial statements
Year ended 30 November 2024
3.Accounting policies (continued)
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.
Interest income is recognised in profit or loss using the effective interest method.
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.
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Tangible fixed assets and depreciation
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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
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Colonel Porters Emporium Limited
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Notes to the financial statements
Year ended 30 November 2024
3.Accounting policies (continued)
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.
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.
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.
The average monthly number of employees, including directors, during the year was 26 (2023: 22).
4
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Colonel Porters Emporium Limited
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Notes to the financial statements
Year ended 30 November 2024
5
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Colonel Porters Emporium Limited
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Notes to the financial statements
Year ended 30 November 2024
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Prepayments and accrued income
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Creditors: amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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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).
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Commitments under operating leases
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At 30 November 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Later than 1 year and not later than 5 years
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6
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Colonel Porters Emporium Limited
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Notes to the financial statements
Year ended 30 November 2024
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Related party transactions
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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.
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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.
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.
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