REGISTERED NUMBER: 06458959

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 January 2025

for

HATTON GROUP HOLDINGS LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Income Statement

9

Consolidated Other Comprehensive Income

10

Consolidated Balance Sheet

11

Company Balance Sheet

12

Consolidated Statement of Changes in Equity

14

Company Statement of Changes in Equity

15

Consolidated Cash Flow Statement

16

Notes to the Consolidated Cash Flow Statement

17

Notes to the Consolidated Financial Statements

19

DIRECTORS:

D L R Hiscox

L A Hiscox

REGISTERED OFFICE:

7 Montpellier Villas

Cheltenham

GL50 2XE

REGISTERED NUMBER:

06458959

AUDITORS:

John S Ward & Co Limited

Statutory Auditors

26-28 Headlands

Kettering

Northamptonshire

NN15 7HP

The directors present their strategic report of the company and the group for the year ended 31 January 2025.

REVIEW OF BUSINESS

Following structural reorganisation in previous years the Group continues to concentrate on the hotel and pub operations post Covid 19

PRINCIPAL RISKS AND UNCERTAINTIES

The group's principal financial instruments comprise bank balances, trade debtors, trade creditors, hire purchase agreements and government grants. The main purpose of the instruments is to raise and maintain working capital and finance the group's operations. due to the nature of these financial instruments there is no exposure to risk. the group's approach to managing continuity of funding and flexibility as appropriate through the use of loans and overdrafts. Trade Debtors: Managed for credit and cashflow risk by appropriate credit levels offered and ongoing monitoring of outstanding debt. Trade Creditors: Liquidity risk is managed by ensuring there is sufficient funds available to cover amounts as they fall due. Banks:Loans and overdrafts: Repayments and interest are fixed thus allowing the group to manage liquidity by ensuring that adequate funds are available as and when they fall due.

KEY PERFORMANCE INDICTOR

The Company turnover increased to £4,289,523 (up from £3,999,924 ) with losses of £118,120. The Company as with many hospitality businesses had to combat inflationary pressures throughout the year, in particular high food and energy costs.

EMPLOYEES

The group provides a safe and hygienic environment and provides appropriate health and safety and occupational training. All working directives are complied with and there is no discrimination in hiring, compensation or access to training, promotion, overtime, termination or retirement based upon race, caste, national origin, age, disability, marital status and sexual orientation, union membership or political affiliation.

ENVIRONMENT

The group recognizes that it has a responsibility beyond legal and regulatory requirements and constantly endeavour to minimize any adverse impact on the environment arising from its activities

FUTURE DEVELOPMENTS

With most of the significant refurbishments complete the company is now in a strong position to maximise the benefits of its investment. With inflationary pressures on food and utility costs coming back under control profit margins will continue to improve. The company is now focusing on implementing upgrades to systems throughout the business to further improve and enhance efficiencies and profitability

ON BEHALF OF THE BOARD:

D L R Hiscox - Director

20 October 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 January 2025.

DIVIDENDS

No dividends will be distributed for the year ended 31 January 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2024 to the date of this report.

D L R Hiscox

L A Hiscox

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, John S Ward & Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

D L R Hiscox - Director

20 October 2025

Opinion

We have audited the financial statements of HATTON GROUP HOLDINGS LIMITED (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 January 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 January 2025 and of the group's loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

J Nacca FCCA (Senior Statutory Auditor)

for and on behalf of John S Ward & Co Limited

Statutory Auditors

26-28 Headlands

Kettering

Northamptonshire

NN15 7HP

20 October 2025

TURNOVER

4,289,523

3,999,924

Cost of sales

1,998,342

1,852,754

GROSS PROFIT

2,291,181

2,147,170

Administrative expenses

2,364,209

2,297,131

(73,028

)

(149,961

)

Other operating income

293,157

507,816

OPERATING PROFIT

4

220,129

357,855

Interest payable and similar expenses

5

307,720

233,805

(LOSS)/PROFIT BEFORE TAXATION

(87,591

)

124,050

Tax on (loss)/profit

6

30,529

19,800

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(118,120

)

104,250

(Loss)/profit attributable to:

Owners of the parent

(118,120

)

104,250

(LOSS)/PROFIT FOR THE YEAR

(118,120

)

104,250

OTHER COMPREHENSIVE INCOME

Revaluation

-

9,618

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

-

9,618

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(118,120

)

113,868

Total comprehensive income attributable to:

Owners of the parent

(118,120

)

113,868

FIXED ASSETS

Tangible assets

8

7,295,203

7,278,780

Investments

9

-

-

7,295,203

7,278,780

CURRENT ASSETS

Stocks

10

46,694

47,602

Debtors

11

1,097,870

150,987

Cash at bank

294,931

578,462

1,439,495

777,051

CREDITORS

Amounts falling due within one year

12

5,006,238

1,663,227

NET CURRENT LIABILITIES

(3,566,743

)

(886,176

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,728,460

6,392,604

CREDITORS

Amounts falling due after more than one year

13

(1,908,312

)

(4,484,865

)

PROVISIONS FOR LIABILITIES

17

(165,374

)

(134,845

)

NET ASSETS

1,654,774

1,772,894

CAPITAL AND RESERVES

Called up share capital

18

32,104

32,104

Revaluation reserve

19

1,254,544

1,254,544

Retained earnings

19

368,126

486,246

SHAREHOLDERS' FUNDS

1,654,774

1,772,894

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2025 and were signed on its behalf by:

D L R Hiscox - Director

FIXED ASSETS

Tangible assets

8

73,993

2,781

Investments

9

2,305,207

2,394,397

2,379,200

2,397,178

CURRENT ASSETS

Debtors

11

67,844

61,256

Cash at bank

8,979

3,414

76,823

64,670

CREDITORS

Amounts falling due within one year

12

771,545

188,847

NET CURRENT LIABILITIES

(694,722

)

(124,177

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,684,478

2,273,001

CREDITORS

Amounts falling due after more than one year

13

29,598

500,000

NET ASSETS

1,654,880

1,773,001

CAPITAL AND RESERVES

Called up share capital

18

32,104

32,104

Revaluation reserve

2,273,107

2,362,297

Retained earnings

(650,331

)

(621,400

)

SHAREHOLDERS' FUNDS

1,654,880

1,773,001

Company's loss for the financial year

(28,931

)

(82,851

)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2025 and were signed on its behalf by:

D L R Hiscox - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 February 2023

32,104

381,996

1,244,926

1,659,026

Changes in equity

Total comprehensive income

-

104,250

9,618

113,868

Balance at 31 January 2024

32,104

486,246

1,254,544

1,772,894

Changes in equity

Total comprehensive income

-

(118,120

)

-

(118,120

)

Balance at 31 January 2025

32,104

368,126

1,254,544

1,654,774

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 February 2023

32,104

(538,549

)

1,922,064

1,415,619

Changes in equity

Total comprehensive income

-

(82,851

)

440,233

357,382

Balance at 31 January 2024

32,104

(621,400

)

2,362,297

1,773,001

Changes in equity

Total comprehensive income

-

(28,931

)

(89,190

)

(118,121

)

Balance at 31 January 2025

32,104

(650,331

)

2,273,107

1,654,880

Cash flows from operating activities

Cash generated from operations

1

152,983

278,213

Interest paid

(283,587

)

(209,116

)

Interest element of finance lease payments paid

(23,392

)

(23,755

)

Finance costs paid

(741

)

(934

)

Net cash from operating activities

(154,737

)

44,408

Cash flows from investing activities

Purchase of tangible fixed assets

(134,909

)

(350,092

)

Sale of tangible fixed assets

-

2,832

Net cash from investing activities

(134,909

)

(347,260

)

Cash flows from financing activities

New loans in year

170,000

1,100,000

Loan repayments in year

(123,173

)

(468,001

)

Capital repayments in year

(40,712

)

109,661

Net cash from financing activities

6,115

741,660

(Decrease)/increase in cash and cash equivalents

(283,531

)

438,808

Cash and cash equivalents at beginning of year

2

578,462

139,654

Cash and cash equivalents at end of year

2

294,931

578,462

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

(Loss)/profit before taxation

(87,591

)

124,050

Depreciation charges

118,486

102,171

Profit on disposal of fixed assets

-

(2,832

)

Finance costs

307,720

233,805

338,615

457,194

Decrease/(increase) in stocks

908

(3,027

)

(Increase)/decrease in trade and other debtors

(946,883

)

184,001

Increase/(decrease) in trade and other creditors

760,343

(359,955

)

Cash generated from operations

152,983

278,213

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 January 2025

31.1.25

1.2.24

£

£

Cash and cash equivalents

294,931

578,462

Year ended 31 January 2024

31.1.24

1.2.23

£

£

Cash and cash equivalents

578,462

139,654

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.2.24

Cash flow

At 31.1.25

£

£

£

Net cash

Cash at bank

578,462

(283,531

)

294,931

578,462

(283,531

)

294,931

Debt

Finance leases

(257,105

)

40,712

(216,393

)

Debts falling due within 1 year

(119,469

)

(1,288,220

)

(1,407,689

)

Debts falling due after 1 year

(3,056,449

)

1,241,393

(1,815,056

)

(3,433,023

)

(6,115

)

(3,439,138

)

Total

(2,854,561

)

(289,646

)

(3,144,207

)

1.	STATUTORY INFORMATION

HATTON GROUP HOLDINGS LIMITED is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the General Information page.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Plant & Machinery Between 2 to 15 years

Fittings, Fixtures & Equipment Between 2 to 15 years

Freehold Property is maintained to a high standard for Trading purposes and the directors consider the economic life of the property is thereby extended so as to make any provision for depreciation immaterial.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

2,397,535

2,058,436

The average number of employees during the year was as follows:

2025

2024

Service and Production

90

86

Administration and Management

9

9

99

95

2025

2024

£

£

Directors' remuneration

120,566

110,594

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Depreciation - owned assets

91,517

90,326

Depreciation - assets on finance leases

26,969

11,845

Profit on disposal of fixed assets

-

(2,832

)

Auditors' remuneration

31,855

29,845

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank interest

283,587

209,116

Hire purchase

23,392

23,755

Other Interest

741

934

307,720

233,805

6.

TAXATION

Analysis of the tax charge

The tax charge on the loss for the year was as follows:

2025

2024

£

£

Deferred tax

30,529

19,800

Tax on (loss)/profit

30,529

19,800

Tax effects relating to effects of other comprehensive

income

There were no tax effects for the year ended 31 January 2025.

2024

Gross

Tax

Net

£

£

£

Revaluation

9,618

-

9,618

7.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.