REGISTERED NUMBER: 06807839 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

The Park House Hostel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T J Brunton

Mrs D Brunton

SECRETARY:

Mrs D Brunton

REGISTERED OFFICE:

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

REGISTERED NUMBER:

06807839 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

FIXED ASSETS

Intangible assets

4

20,499

29,008

Tangible assets

5

888,775

889,759

909,274

918,767

CURRENT ASSETS

Debtors

6

6,738

8,936

Cash at bank

90,632

89,291

97,370

98,227

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

69,789

100,274

NET CURRENT ASSETS/(LIABILITIES)

27,581

(2,047

)

TOTAL ASSETS LESS CURRENT LIABILITIES

936,855

916,720

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

8

(417,503

)

(435,524

)

PROVISIONS FOR LIABILITIES

(17,894

)

(16,477

)

NET ASSETS

501,458

464,719

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

501,358

464,619

SHAREHOLDERS' FUNDS

501,458

464,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:

Mr T J Brunton - Director

1.	STATUTORY INFORMATION

The Park House Hostel 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.

Turnover

Turnover represents net rents received, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of two businesses, the first purchased in 2009, the second in 2010, is being amortised evenly over its estimated useful life of twenty 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance basis

Computer equipment

-

33.33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

170,175

AMORTISATION

At 1 April 2024

141,167

Amortisation for year

8,509

At 31 March 2025

149,676

NET BOOK VALUE

At 31 March 2025

20,499

At 31 March 2024

29,008

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

882,405

15,209

4,467

902,081

Additions

-

180

369

549

At 31 March 2025

882,405

15,389

4,836

902,630

DEPRECIATION

At 1 April 2024

-

9,383

2,939

12,322

Charge for year

-

901

632

1,533

At 31 March 2025

-

10,284

3,571

13,855

NET BOOK VALUE

At 31 March 2025

882,405

5,105

1,265

888,775

At 31 March 2024

882,405

5,826

1,528

889,759

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,811

5,798

Other debtors

201

201

Prepayments and accrued income

2,726

2,937

6,738

8,936

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

18,041

17,598

Tax

24,618

26,830

Directors' current accounts

19,610

48,022

Accruals and deferred income

7,520

7,824

69,789

100,274

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

417,503

435,524

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

18,041

17,598

Amounts falling due between one and two years:

Bank loans

417,503

435,524

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £41,000 (2024 - £35,500) were paid to the directors .

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr T J Brunton by virtue of his shareholding in the company.