Company No: 09959797 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	39,256		65,086
Investment property	5	250,000		250,000
		289,256		315,086
Current assets
Stocks		33,152		26,455
Debtors	6	12,229		15,794
Cash at bank and in hand		11,865		10,861
		57,246		53,110
Creditors: amounts falling due within one year	7	( 1,261,691)		( 1,094,747)
Net current liabilities		(1,204,445)		(1,041,637)
Total assets less current liabilities		(915,189)		(726,551)
Creditors: amounts falling due after more than one year	8	( 262,901)		( 284,005)
Net liabilities		( 1,178,090)		( 1,010,556)
Capital and reserves
Called-up share capital	9	1		1
Profit and loss account		( 1,178,091 )		( 1,010,557 )
Total shareholder's deficit		( 1,178,090)		( 1,010,556)

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has 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 Profit and Loss Account has not been delivered.

The financial statements of Antony Hospitality Holdings Limited (registered number: 09959797) were approved and authorised for issue by the Board of Directors on 31 October 2025. They were signed on its behalf by:

Tremayne Carew Pole 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

Antony Hospitality Holdings 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 Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is Antony Estate Office, Antony, Torpoint, Cornwall, PL11 3AB.

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

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company continues to rely on the ongoing financial support of the directors. The directors of the company have confirmed their intentions to provide ongoing support to ensure continued operation of the company. Therefore the accounts have been prepared on a going concern basis.

Turnover

Wilcove Inn and Tea Rooms at Broomhill:
Turnover represents sales of food and drink and the provision of bed and breakfast at the premises, made net of VAT, returns, rebates and discounts. Revenue is recognised as sales made which, given the nature of the business, is usually when the cash is received. Monies received as deposits for advance bookings are treated as deferred income and recognised in turnover at the time of the event, or on forfeiture.

Carew Arms:
Turnover represents the 15 year lease of Carew Arms. Monies received in advance are treated as deferred income and recognised over the period that they relate to.

Whitsand Bay:
Turnover represents membership and green fees as well as shop and bar sales made net of VAT, returns, rebates and discounts. Annual membership fees are spread over the period of membership on a straight line basis. Green fees and golf shop sales are recognised as sales are made which, given the nature of the business, is usually when the cash is received.

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:

Other intangible assets

5 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, reducing balance] basis over its expected useful life, as follows:

Land and buildings	10 - 50 years straight line
Plant and machinery	5 years straight line
Fixtures and fittings	4 - 5 years straight line
Office equipment	5 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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

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.

Investment property

Investment property is measured at fair value with any change recognised in the profit and loss account.

The initial valuation is based on a third party valuation of £250,000 from February 2020.

The directors assessed the value of the property at January 2024 by reviewing the factors behind the February 2020 valuation and also using current market data for comparable real estate based on observable market prices, adjusted where necessary for differences in nature, location or condition. They determined that the value of the property remains £250,000. For this reason no change in market value has been recognised since the transfer.

Stocks

Stock comprises goods for resale and consumables.
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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 receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	24		36

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 February 2024	2,492		2,492
At 31 January 2025	2,492		2,492
Accumulated amortisation
At 01 February 2024	2,492		2,492
At 31 January 2025	2,492		2,492
Net book value
At 31 January 2025	0		0
At 31 January 2024	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 February 2024	50,838		168,796		22,083		824		242,541
Additions	0		466		0		0		466
At 31 January 2025	50,838		169,262		22,083		824		243,007
Accumulated depreciation
At 01 February 2024	20,254		136,541		20,080		580		177,455
Charge for the financial year	5,083		20,053		996		164		26,296
At 31 January 2025	25,337		156,594		21,076		744		203,751
Net book value
At 31 January 2025	25,501		12,668		1,007		80		39,256
At 31 January 2024	30,584		32,255		2,003		244		65,086

5. Investment property

	Investment property
	£
Valuation
As at 01 February 2024	250,000
As at 31 January 2025	250,000

6. Debtors

	2025		2024
	£		£
Trade debtors	2,136		782
Amounts owed by related parties	5,500		5,500
Other debtors	4,593		9,512
	12,229		15,794

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	49,850		48,732
Trade creditors	101,861		110,118
Other taxation and social security	86,057		39,532
Obligations under finance leases and hire purchase contracts	3,392		10,123
Other creditors	1,020,531		886,242
	1,261,691		1,094,747

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

	2025		2024
	£		£
Bank loans	143,637		160,649
Obligations under finance leases and hire purchase contracts	283		3,675
Other creditors	118,981		119,681
	262,901		284,005

Creditors include bank loans which are secured against the freehold property known as the Ring O'Bells of £134,637 (2024 - £142,649).

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 £1 Ordinary share of £ 1.00	1		1

10. Financial commitments

Other financial commitments

	2025		2024
	£		£
Commitments in respect of lease payments	144,874		190,065

In addition Antony Hospitality Holdings Ltd entered into rental agreements for Whitsand Bay Golf Course and the Wilcove Inn. These are viewed as open ended lease agreements and as such no disclosure regarding the period of commitment is given.

11. Related party transactions

During the year a director and entities controlled by a director (including a company and trusts of which they have authority to act as an agent on the trustee's behalf) made loans to Antony Hospitality Holdings Ltd. The loans are interest free and repayable on demand. At the year end the outstanding balance, as included in other creditors, on these loans was £1,052,750 (2024: £935,070).

Of this, the total amount owed to the director is £566,639 (2024: £584,401). Of this balance £118,981 (2024: £119,681) is due over one year.

A partnership, (of which one of the directors is a partner) is the landlord of Whitsand Bay Golf Club and Wilcove Inn, both of which are rented to Antony Hospitality Holdings Ltd on third party commercial terms. As at 31 January 2025 Antony Hospitality Holdings Limited owed the partnership £21,362 (2024: £12,417).