Company Registration number: 10800440

Greenhill Hotel Limited

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 8

Greenhill Hotel Limited

Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	3,498	4,640
Tangible assets	5	149,978	162,244
		153,476	166,884
Current assets
Stocks	6	28,114	26,628
Debtors	7	61,956	78,508
Cash at bank and in hand		3,382	14,942
		93,452	120,078
Creditors: Amounts falling due within one year	8	(228,553)	(239,140)
Net current liabilities		(135,101)	(119,062)
Total assets less current liabilities		18,375	47,822
Creditors: Amounts falling due after more than one year	8	-	(9,661)
Provisions for liabilities		(16,995)	(21,326)
Net assets		1,380	16,835
Capital and reserves
Called up share capital		2	2
Retained earnings		1,378	16,833
Shareholders' funds		1,380	16,835

Greenhill Hotel Limited

Balance Sheet as at 30 June 2025 (continued)

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Company registration number: 10800440

Approved and authorised by the Board on 19 August 2025 and signed on its behalf by:
 

......................................... Mr G W Jackson Director

Greenhill Hotel Limited

Notes to the financial statements for the Year Ended 30 June 2025

1	GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:

Greenhill Hotel
Red Dial
Wigton
CA7 8LS
 

These financial statements were authorised for issue by the Board on 19 August 2025.

2	ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

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 years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Greenhill Hotel Limited

Notes to the financial statements for the Year Ended 30 June 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
 

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Leasehold property improvements	10% reducing balance
Fixtures and fittings	25% straight line
Motor vehicles	25% reducing balance

Greenhill Hotel Limited

Notes to the financial statements for the Year Ended 30 June 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line
Website	10% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Hire purchase and finance leases

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Greenhill Hotel Limited

Notes to the financial statements for the Year Ended 30 June 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3	STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 42 (2024 - 41).

4	INTANGIBLE ASSETS

	Goodwill  £	Website  £	Total £
Cost or valuation
At 1 July 2024	4,000	7,415	11,415
At 30 June 2025	4,000	7,415	11,415
Amortisation
At 1 July 2024	3,067	3,708	6,775
Amortisation charge	400	742	1,142
At 30 June 2025	3,467	4,450	7,917
Carrying amount
At 30 June 2025	533	2,965	3,498
At 30 June 2024	933	3,707	4,640

Greenhill Hotel Limited

Notes to the financial statements for the Year Ended 30 June 2025 (continued)

6

STOCKS

	2025 £	2024 £
Stocks	28,114	26,628

7

DEBTORS

Current	2025 £	2024 £
Trade debtors	31,545	45,552
Prepayments	29,589	17,106
Other debtors	822	15,850
	61,956	78,508

8

CREDITORS

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Loans and borrowings	9,678	14,914
Trade creditors	56,843	50,254
Taxation and social security	56,093	40,992
Accruals and deferred income	3,500	2,799
Other creditors	102,439	130,181
	228,553	239,140