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Company registration number: 10010349
Padarn Hotel Limited
Unaudited filleted financial statements
28 February 2025
Padarn Hotel Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Padarn Hotel Limited
Directors and other information

| Directors | Mrs L J Wilson
|  | Mr S J N Wilson
| Company number | 10010349
| Registered office | 2 Glan Y Gors
|  | Dinorwic
|  | Caernarfon
|  | Gwynedd
|  | LL55 3EW
| Business address | High Street
|  | Llanberis
|  | Caernarfon
|  | Gwynedd
|  | LL55 4SU
| Accountants | Parker, O'Regan, Tann & Co
|  | Bangor Business Centre
|  | 2 Farrar Road
|  | Bangor
|  | Gwynedd
|  | LL57 1LJ

Padarn Hotel Limited
Chartered Certified accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Padarn Hotel Limited
Year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Padarn Hotel Limited for the year ended 28 February 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com.
This report is made solely to the board of directors of Padarn Hotel Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Padarn Hotel Limited and state those matters that we have agreed to state to the board of directors of Padarn Hotel Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Padarn Hotel Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Padarn Hotel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Padarn Hotel Limited. You consider that Padarn Hotel Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Padarn Hotel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Parker, O'Regan, Tann & Co
Chartered Certified Accountants
Bangor Business Centre
2 Farrar Road
Bangor
Gwynedd
LL57 1LJ
10 July 2025
Padarn Hotel Limited
Statement of financial position
28 February 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 742,469 |  |  |  | 762,982 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 742,469 |  |  |  | 762,982
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 10,259 |  |  |  | 8,561 |  |
Debtors |  | 6 | 6,079 |  |  |  | 8,327 |  |
Cash at bank and in hand |  |  | 2,506 |  |  |  | 1,666 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 18,844 |  |  |  | 18,554 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 7 | ( 466,067) |  |  |  | ( 388,414) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current liabilities |  |  |  |  | ( 447,223) |  |  |  | ( 369,860)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 295,246 |  |  |  | 393,122
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 8 |  |  | ( 266,454) |  |  |  | ( 287,514)
Provisions for liabilities |  |  |  |  | 8,161 |  |  |  | ( 7,876)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 36,953 |  |  |  | 97,732
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 54,000 |  |  |  | 54,000
Profit and loss account |  |  |  |  | ( 17,047) |  |  |  | 43,732
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 36,953 |  |  |  | 97,732
|  |  |  |  | _______ |  |  |  | _______

For the year ending 28 February 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 July 2025 , and are signed on behalf of the board by:
Mrs L J Wilson
Director
Company registration number: 10010349
Padarn Hotel Limited
Notes to the financial statements
Year ended 28 February 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Glan Y Gors, Dinorwic, Caernarfon, Gwynedd, LL55 3EW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold property | - | 0 % |
| Plant and machinery | - | 20 % | reducing balance
| Fittings fixtures and equipment | - | 20 % | reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
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. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 38 (2024: 34 ).
5. Tangible assets

|  | Freehold property | Plant and machinery | Fixtures, fittings and equipment | Total |  |  |
|  | £ | £ | £ | £ |  |  |
| Cost |  |  |  |  |  |  |
| At 29 February 2024 | 605,257 | 98,299 | 207,652 | 911,208 |  |  |
| Additions | - | - | 390 | 390 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| At 28 February 2025 | 605,257 | 98,299 | 208,042 | 911,598 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| Depreciation |  |  |  |  |  |  |
| At 29 February 2024 | - | 49,976 | 98,250 | 148,226 |  |  |
| Charge for the year | - | 9,664 | 11,239 | 20,903 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| At 28 February 2025 | - | 59,640 | 109,489 | 169,129 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 28 February 2025 | 605,257 | 38,659 | 98,553 | 742,469 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| At 28 February 2024 | 605,257 | 48,323 | 109,402 | 762,982 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |

6. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 158 | 2,123
| Other debtors |  | 5,921 | 6,204
|  |  | _______ | _______
|  |  | 6,079 | 8,327
|  |  | _______ | _______

7. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 112,778 | 131,234
| Trade creditors |  | 15,867 | 11,348
| Corporation tax |  | - | 51
| Social security and other taxes |  | 2,670 | 2,885
| Other creditors |  | 334,752 | 242,896
|  |  | _______ | _______
|  |  | 466,067 | 388,414
|  |  | _______ | _______

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

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 266,454 | 287,514
|  |  | _______ | _______

Bank loans are secured on the freehold property. Other loans are secured over the company's assets.
Included within creditors: amounts falling due after more than one year is an amount of £ 187,497 (2024 £ 168,567 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
9. Other financial commitments
At 28 February 2025, the company had total commitments under non-cancellable contract hire over the remaining life of those contracts of £2,433 (2024 - £3,384).