HADLEY HOTELS LIMITED


Directors	HADLEY, Andrew Glen
	HADLEY, Lynn Margaret
	HADLEY, Mark Geoffrey
	HADLEY, Martin Geoffrey


Company Secretary	HADLEY, Martin Geoffrey


Registered Address	Llanerchindda Farm
	Cynghordy
	Llandovery
	SA20 0NB


Registered Number	01394850 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,544,625		760,172
			1,544,625		760,172
Current assets
Stocks	4	9,425		11,620
Debtors	5	-		2,565
Cash at bank and on hand		72,500		75,687
		81,925		89,872
Creditors amounts falling due within one year	6	(69,977)		(51,518)
Net current assets (liabilities)			11,948		38,354
Total assets less current liabilities			1,556,573		798,526
Creditors amounts falling due after one year	7		(526,633)		(581,495)
Provisions for liabilities	9		(219,435)		(30,800)
Net assets			810,505		186,231
Capital and reserves
Called up share capital			100		100
Revaluation reserve			605,504		-
Profit and loss account			204,901		186,131
Shareholders' funds	10		810,505		186,231

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 10 October 2025, and are signed on its behalf by:

HADLEY, Martin Geoffrey
Director
Registered Company No. 01394850

HADLEY HOTELS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	-	7
Vehicles	25	-

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Stocks and work in progress

Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). 

At each date of Statement of Financial Position, stocks are assessed for impairment.  If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell.  The impairment loss is recognised immediately in the Income Statement.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	13		13

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 April 24	987,879	138,512	72,745	1,199,136
Additions	-	-	19,462	19,462
Revaluations	807,338	-	-	807,338
At 31 March 25	1,795,217	138,512	92,207	2,025,936
Depreciation and impairment
At 01 April 24	329,959	75,847	33,158	438,964
Charge for year	18,258	9,732	14,357	42,347
At 31 March 25	348,217	85,579	47,515	481,311
Net book value
At 31 March 25	1,447,000	52,933	44,692	1,544,625
At 31 March 24	657,920	62,665	39,587	760,172


	Property was valued during the year by Sidney Philips at £1.5m. This included P&M at £53,000. Total valauation at 31/03/2025 is £1,447,000.

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	9,425	11,620
Total	9,425	11,620

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	-	2,565
Total	-	2,565

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	3,647	8,676
Bank borrowings and overdrafts	16,627	15,909
Taxation and social security	18,811	17,420
Finance lease and HP contracts	5,226	6,495
Other creditors	16,508	-
Accrued liabilities and deferred income	9,158	3,018
Total	69,977	51,518

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	38,434	55,565
Other creditors	488,199	525,930
Total	526,633	581,495

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	18,882		25,229

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	219,435	30,800
Total	219,435	30,800

10.	Revaluation reserve


		£
	Revaluations of plant, property and equipment	807,338
	Deferred Tax on Revaluations	(201,834)
	At 31 March 25	605,504