Spabrook Escapes Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13111453 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

SPABROOK ESCAPES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Hill

Mrs D A Hill

REGISTERED OFFICE:

Empress House

43a Binley Road

Coventry

CV3 1HU

REGISTERED NUMBER:

13111453 (England and Wales)

ACCOUNTANTS:

Walker Thompson Ltd

Accountants and Registered Auditors

Empress House

43A Binley Road

Coventry

CV3 1HU

FIXED ASSETS

Tangible assets

4

8,000

16,000

Investment property

5

620,000

628,000

636,000

CURRENT ASSETS

Cash at bank

180

1,087

CREDITORS

Amounts falling due within one year

6

25,922

21,600

NET CURRENT LIABILITIES

(25,742

)

(20,513

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

602,258

615,487

CREDITORS

Amounts falling due after more than one
year

7

(539,454

)

(539,454

)

PROVISIONS FOR LIABILITIES

(12,774

)

(14,294

)

NET ASSETS

50,030

61,739

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

9

99,342

Retained earnings

9

(49,412

)

(37,703

)

50,030

61,739

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

R J Hill - Director

1.	STATUTORY INFORMATION

Spabrook Escapes Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at the point of booking accommodation.

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 - 20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 January 2025

40,000

DEPRECIATION

At 1 February 2024

24,000

Charge for year

8,000

At 31 January 2025

32,000

NET BOOK VALUE

At 31 January 2025

8,000

At 31 January 2024

16,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

620,000

NET BOOK VALUE

At 31 January 2025

620,000

At 31 January 2024

620,000

Fair value at 31 January 2024 is represented by:

£

Valuation in 2022

600,000

Valuation in 2023

20,000

620,000

If Hazel Bank, 2 Brixham Road had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

497,356

Hazel Bank, 2 Brixham Road was valued on an open market basis on 28 February 2023 by Savills.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed to participating interests

13,702

9,133

Directors' loan

11,120

11,162

Accrued expenses

1,100

1,305

25,922

21,600

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Debentures more 5yr

280,454

Amounts owed to participating interests

150,000

Directors' loan accounts

109,000

539,454

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Debentures more 5yr

280,454

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Debentures

280,454

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 February 2024

(37,703

)

99,342

61,639

Deficit for the year

(11,709

)

(11,709

)

At 31 January 2025

(49,412

)

99,342

49,930

10.	RELATED PARTY DISCLOSURES

At 31 January 2025 other creditors include loans made to the company by its directors amounting to £120,120 (2024: £120,162). The loan has no fixed date for repayment but £109,000 of the loan will not be repaid in less than 5 years. No interest has been charged during the year on the £109,000 nor in 2024.

In addition, the directors are also directors and shareholders in Spabrook Limited, a company registered in England. Spabrook Limited made loans to the company during the period and at 31 January 2025 creditors include £163,702 (2024: £159,133). The loan has no fixed date for repayment but £150,000 of the loan will not be repaid in less than 5 years. No interest has been charged in the year on the £150,000 nor in 2024.

11.	CONTROLLING PARTY

The controlling party is the directors.