Company No: 09727410 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	23,440		27,191
Tangible assets	4	4,270,292		4,293,275
Investments	5	0		394,450
		4,293,732		4,714,916
Current assets
Stocks	6	85,389		88,109
Debtors
- due within one year	7	167,122		221,852
- due after more than one year	7	469,643		42,200
Cash at bank and in hand		465,757		266,095
		1,187,911		618,256
Creditors: amounts falling due within one year	8	( 1,555,427)		( 1,864,275)
Net current liabilities		(367,516)		(1,246,019)
Total assets less current liabilities		3,926,216		3,468,897
Creditors: amounts falling due after more than one year	9	( 5,823,529)		( 5,823,529)
Net liabilities		( 1,897,313)		( 2,354,632)
Capital and reserves
Called-up share capital		2,671		2,671
Equity reserve		( 1,039,443 )		( 1,039,443 )
Profit and loss account		( 860,541 )		( 1,317,860 )
Total shareholders' deficit		( 1,897,313)		( 2,354,632)

For the financial year ending 31 December 2024 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of The Coach House & Inns Limited (registered number: 09727410) were approved and authorised for issue by the Board of Directors on 30 September 2025. They were signed on its behalf by:

E Formstone Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Coach House & Inns Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Link House, 25 West Street, Poole, BH15 1LD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of The Coach House & Inns Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Leasehold improvements	depreciated over the life of the lease
Plant and machinery	5 years straight line
Fixtures and fittings	5 years straight line
Office equipment	5 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals payable under operating leases, including lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from leases are consumed.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

The Company as lessor
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	107		107

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2024	37,506		37,506
At 31 December 2024	37,506		37,506
Accumulated amortisation
At 01 January 2024	10,315		10,315
Charge for the financial year	3,751		3,751
At 31 December 2024	14,066		14,066
Net book value
At 31 December 2024	23,440		23,440
At 31 December 2023	27,191		27,191

4. Tangible assets

	Land and buildings		Leasehold improve- ments		Plant and machinery		Fixtures and fittings		Office equipment		Computer equipment		Total
	£		£		£		£		£		£		£
Cost
At 01 January 2024	3,921,450		30,996		232,034		313,802		10,432		82,576		4,591,290
Additions	5,748		10,140		38,503		27,195		3,378		0		84,964
Disposals	0		( 4,499)		( 2,194)		( 15,570)		( 108)		( 1,381)		( 23,752)
B/fwd adjustment	0		1,131		0		0		0		998		2,129
At 31 December 2024	3,927,198		37,768		268,343		325,427		13,702		82,193		4,654,631
Accumulated depreciation
At 01 January 2024	0		3,184		102,348		137,817		1,182		53,484		298,015
Charge for the financial year	0		1,162		33,409		42,140		2,654		7,206		86,571
Disposals	0		( 528)		0		0		0		0		( 528)
B/fwd adjustment	0		( 744)		27		0		0		998		281
At 31 December 2024	0		3,074		135,784		179,957		3,836		61,688		384,339
Net book value
At 31 December 2024	3,927,198		34,694		132,559		145,470		9,866		20,505		4,270,292
At 31 December 2023	3,921,450		27,812		129,686		175,985		9,250		29,092		4,293,275

5. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	394,450
At 31 December 2024	394,450
Provisions for impairment
At 01 January 2024	0
Impairment	394,450
At 31 December 2024	394,450
Carrying value at 31 December 2024	0
Carrying value at 31 December 2023	394,450

6. Stocks

	2024		2023
	£		£
Stocks	85,389		88,109

7. Debtors

	2024		2023
	£		£
Debtors: amounts falling due within one year
Trade debtors	45,411		22,957
Other debtors	121,711		198,895
	167,122		221,852
Debtors: amounts falling due after more than one year
Deferred tax asset	427,443		0
Other debtors	42,200		42,200
	469,643		42,200

8. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	136,432		97,325
Amounts owed to Group undertakings	0		391,372
Other taxation and social security	249,349		226,712
Other creditors	1,169,646		1,148,866
	1,555,427		1,864,275

The Company entered into a loan agreement with HSBC over a £3,975,000 draw down facility. At the balance sheet date, the short term and long term bank loan allocation reflects the draw down of the facility as at 31 December 2024 and amortised fees.

9. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Other loans	3,200,000		3,200,000
Other creditors	2,623,529		2,623,529
	5,823,529		5,823,529

There are no amounts included above in respect of which any security has been given by the small entity.

The share capital treated as debt relates to the preference shares issued at a premium. These shares have priority over other shares on winding up and are entitled to a fixed 6% annual cumulative preferential dividend.

10. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	0		0
Credited to the Statement of Income and Retained Earnings	427,443		0
At the end of financial year	427,443		0

11. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
within one year	89,394		89,394
between one and five years	242,841		332,235
	332,235		421,629

12. Related party transactions

The Company has taken advantage of the exemption available in accordance with section 33 of FRS 102 not to disclose transactions entered into between two or more members of a group, as the Company is a wholly owned subsidiary of the group to which it is party to the transactions.