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REGISTERED NUMBER: 08542832 (England and Wales)

Shrubbery Hotel (2013) Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

| Shrubbery Hotel (2013) Limited (Registered number: 08542832) |

Contents of the Financial Statements

for the year ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Shrubbery Hotel (2013) Limited |

Company Information

for the year ended 31 December 2024

| DIRECTORS: | K R Newton

| A Preece

| REGISTERED OFFICE: | One New Street

| Wells

| Somerset

| BA5 2LA

| REGISTERED NUMBER: | 08542832 (England and Wales)

| ACCOUNTANTS: | Webb & Co Ltd

| Accountants and Business Advisers

| One New Street

| Wells

| Somerset

| BA5 2LA

| Shrubbery Hotel (2013) Limited (Registered number: 08542832) |

Balance Sheet

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,979,016 |  | 1,614,660 |  |

Other financial investments | 5 | 15,121 |  | 15,121 |  |

1,994,137 |  | 1,629,781 |  |

CURRENT ASSETS

Stocks | 7,000 |  | 8,067 |  |

Debtors | 6 | 61,971 |  | 73,113 |  |

Cash at bank and in hand | 125,717 |  | 108,044 |  |

194,688 |  | 189,224 |  |

CREDITORS

Amounts falling due within one year | 7 | 259,391 |  | 766,095 |  |

NET CURRENT LIABILITIES | (64,703 | ) | (576,871 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,929,434 |  | 1,052,910 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (406,797 | ) | - |  |

PROVISIONS FOR LIABILITIES | (236,263 | ) | (143,500 | ) |

NET ASSETS | 1,286,374 |  | 909,410 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 1 |  | 1 |  |

Revaluation reserve | 760,591 |  | 509,239 |  |

Retained earnings | 525,782 |  | 400,170 |  |

SHAREHOLDERS' FUNDS | 1,286,374 |  | 909,410 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

| Shrubbery Hotel (2013) Limited (Registered number: 08542832) |

Balance Sheet - continued

31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:

K R Newton - Director

| Shrubbery Hotel (2013) Limited (Registered number: 08542832) |

Notes to the Financial Statements

for the year ended 31 December 2024

1. | STATUTORY INFORMATION

| Shrubbery Hotel (2013) 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 modified by the revaluation of certain assets.

| Turnover

| Turnover comprises the fair value of the consideration receivable for the sale of goods and provision

| of services in the ordinary course of the company's activities. Turnover is shown net of value added

| tax, returns, rebates and discounts. Revenue from the sale of rooms, food and beverages is

| recognised as the service is provided. Income received in advance is deferred until the relevant

| service is provided.

| Tangible fixed assets

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

| Furniture, fittings and equipment | - | 15% 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.

| Leases

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Shrubbery Hotel (2013) Limited (Registered number: 08542832) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| 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 39 (2023 - 35 ) .

4. | TANGIBLE FIXED ASSETS

| Furniture, |

| fittings |

| Land and |  | and |

| buildings |  | equipment |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 January 2024 | 1,575,000 |  | 229,209 |  | 1,804,209 |  |

| Additions | - |  | 26,671 |  | 26,671 |  |

| Disposals | - |  | (830 | ) | (830 | ) |

| Revaluations | 350,000 |  | - |  | 350,000 |  |

| At 31 December 2024 | 1,925,000 |  | 255,050 |  | 2,180,050 |  |

| DEPRECIATION

| At 1 January 2024 | - |  | 189,549 |  | 189,549 |  |

| Charge for year | - |  | 11,612 |  | 11,612 |  |

| Eliminated on disposal | - |  | (127 | ) | (127 | ) |

| At 31 December 2024 | - |  | 201,034 |  | 201,034 |  |

| NET BOOK VALUE

| At 31 December 2024 | 1,925,000 |  | 54,016 |  | 1,979,016 |  |

| At 31 December 2023 | 1,575,000 |  | 39,660 |  | 1,614,660 |  |

| If land and buildings had not been revalued they would have been included at the following historical cost £937,761 (2023 - £937,761).

| Land and buildings were valued by the directors on 31 December 2024 based on professional valuations carried out by Barclays.

5. | OTHER FINANCIAL INVESTMENTS

| Investments (neither listed nor unlisted) were as follows:

2024 | 2023 |

£ | £ |

| Other financial investments | 15,121 |  | 15,121 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 10,439 |  | 20,395 |  |

| Amounts owed by group undertakings | 42,882 |  | 1 |  |

| Other debtors | 8,650 |  | 52,717 |  |

61,971 |  | 73,113 |  |

| Shrubbery Hotel (2013) Limited (Registered number: 08542832) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 70,482 |  | 535,306 |  |

| Trade creditors | 48,885 |  | 27,849 |  |

| Amounts owed to group undertakings | 57,346 |  | 110,983 |  |

| Taxation and social security | 37,932 |  | 46,881 |  |

| Other creditors | 44,746 |  | 45,076 |  |

259,391 |  | 766,095 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans | 406,797 |  | - |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 | 2023 |

£ | £ |

| Within one year | 10,107 |  | 10,107 |  |

| Between one and five years | 6,159 |  | 16,266 |  |

16,266 |  | 26,373 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Bank loans | 477,279 |  | 530,062 |  |

| Bank borrowings with a carrying value of £477,279 (2023 - £497,058) are secured by way of a debenture over the assets of the company, a legal charge over the freehold property belonging to the company and a personal guarantee of £200,000 given by a director.

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

| Shrubbery Hotel (2013) Limited (Registered number: 08542832) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 | 2023 |

£ | £ |

| K R Newton

| Balance outstanding at start of year | 42,882 |  | - |  |

| Amounts advanced | - |  | 42,882 |  |

| Amounts repaid | (42,882 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 42,882 |  |