IRIS Accounts Production v25.2.0.378 09573350 Board of Directors 30.4.25 1.5.24 30.4.25 30.4.25 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. holding company. true true true false true true false false false false false true false Ordinary 1.00000 A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09573350 2024-04-30 09573350 2025-04-30 09573350 2024-05-01 2025-04-30 09573350 2023-04-30 09573350 2023-05-01 2024-04-30 09573350 2024-04-30 09573350 ns15:EnglandWales 2024-05-01 2025-04-30 09573350 ns14:PoundSterling 2024-05-01 2025-04-30 09573350 ns10:Director1 2024-05-01 2025-04-30 09573350 ns10:Consolidated 2025-04-30 09573350 ns10:ConsolidatedGroupCompanyAccounts 2024-05-01 2025-04-30 09573350 ns10:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 09573350 ns10:Consolidated ns10:MediumEntities 2024-05-01 2025-04-30 09573350 ns10:Consolidated ns10:Audited 2024-05-01 2025-04-30 09573350 ns10:SmallCompaniesRegimeForDirectorsReport 2024-05-01 2025-04-30 09573350 ns10:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 09573350 ns10:Consolidated 2024-05-01 2025-04-30 09573350 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-05-01 2025-04-30 09573350 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForAccounts 2024-05-01 2025-04-30 09573350 ns10:FullAccounts 2024-05-01 2025-04-30 09573350 ns5:Subsidiary1 2024-05-01 2025-04-30 09573350 ns5:Subsidiary2 2024-05-01 2025-04-30 09573350 1 2024-05-01 2025-04-30 09573350 ns10:OrdinaryShareClass1 2024-05-01 2025-04-30 09573350 ns10:OrdinaryShareClass2 2024-05-01 2025-04-30 09573350 ns10:OrdinaryShareClass3 2024-05-01 2025-04-30 09573350 ns10:OrdinaryShareClass4 2024-05-01 2025-04-30 09573350 ns10:Director2 2024-05-01 2025-04-30 09573350 ns10:Director3 2024-05-01 2025-04-30 09573350 ns10:RegisteredOffice 2024-05-01 2025-04-30 09573350 ns10:Consolidated 2023-05-01 2024-04-30 09573350 ns5:CurrentFinancialInstruments 2025-04-30 09573350 ns5:CurrentFinancialInstruments 2024-04-30 09573350 ns5:ShareCapital 2025-04-30 09573350 ns5:ShareCapital 2024-04-30 09573350 ns5:RetainedEarningsAccumulatedLosses 2025-04-30 09573350 ns5:RetainedEarningsAccumulatedLosses 2024-04-30 09573350 ns5:ShareCapital 2023-04-30 09573350 ns5:RetainedEarningsAccumulatedLosses 2023-04-30 09573350 ns5:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 09573350 ns5:RetainedEarningsAccumulatedLosses 2024-05-01 2025-04-30 09573350 ns5:NetGoodwill 2024-05-01 2025-04-30 09573350 ns5:IntangibleAssetsOtherThanGoodwill 2024-05-01 2025-04-30 09573350 ns5:LandBuildings ns5:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 09573350 ns5:FurnitureFittings 2024-05-01 2025-04-30 09573350 ns5:MotorVehicles 2024-05-01 2025-04-30 09573350 ns5:ComputerEquipment 2024-05-01 2025-04-30 09573350 ns5:CostValuation 2024-04-30 09573350 1 ns5:Subsidiary1 2024-05-01 2025-04-30 09573350 ns5:Subsidiary2 3 2024-05-01 2025-04-30 09573350 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-30 09573350 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-04-30 09573350 ns10:OrdinaryShareClass1 2025-04-30 09573350 ns10:OrdinaryShareClass2 2025-04-30 09573350 ns10:OrdinaryShareClass3 2025-04-30 09573350 ns10:OrdinaryShareClass4 2025-04-30

REGISTERED NUMBER: 09573350 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

ALF SEDDON LIMITED

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

for the year ended 30 April 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 5 |

| Consolidated Statement of Comprehensive Income | 8 |

| Consolidated Balance Sheet | 9 |

| Company Balance Sheet | 10 |

| Consolidated Statement of Changes in Equity | 11 |

| Company Statement of Changes in Equity | 12 |

| Consolidated Cash Flow Statement | 13 |

| Notes to the Consolidated Cash Flow Statement | 14 |

| Notes to the Consolidated Financial Statements | 15 |

| ALF SEDDON LIMITED |

COMPANY INFORMATION

for the year ended 30 April 2025

| DIRECTORS: | Mrs I Seddon

| N A Seddon

| Mrs E P Brown

| REGISTERED OFFICE: | 17 St Peters Place

| Fleetwood

| Lancashire

| FY7 6EB

| REGISTERED NUMBER: | 09573350 (England and Wales)

| AUDITORS: | Xeinadin Audit Limited

| Statutory Auditor

| 17 St Peters Place

| Fleetwood

| Lancashire

| FY7 6EB

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

GROUP STRATEGIC REPORT

for the year ended 30 April 2025

The directors present their strategic report of the company and the group for the year ended 30 April 2025.

REVIEW OF BUSINESS

The company operates as a holding company only. During the period the group has continued to operate two hotels on the blackpool promenade and the performance as a whole is the combination of the two subsidiaries, Elgin Hotel Limited and Sheraton Hotel (Blackpool) Limited.

Results

The directors are pleased to report that during the year ended 30th April 2025 the group continued to maintain year on year turnover growth, and profitability has been maintained at expected levels despite the impact of rising operating costs.The following group key performance indicators demonstrate this information.

| 2025 |  |  | 2024 |  |  | 2023 |

| £ |  |  | £ |  |  | £ |

Turnover |  | 8,653 |  |  | 8,406 |  |  | 7,819 |

Operating profit/(loss) |  | 633 |  |  | 847 |  |  | 1,104 |

Profit/(loss) before taxation |  |  | 524 |  |  | 728 |  |  | 938 |

Profit/(loss) after taxation |  |  | 368 |  |  | 545 |  |  | 575 |

PRINCIPAL RISKS AND UNCERTAINTIES

The group's operations and their results are subject to a number of factors that could adversely affects the Group's business, many of which are common to the hotel industry and beyond the group's control. The current economic effects of high inflation, cost-of-living crisis and rising supply costs mainly in the energy sector has had a damaging impact on the whole industry.The group's results remained strong in light of this and are confident that we can continue in business for the foreseeable future with support from our creditors.

ON BEHALF OF THE BOARD:

N A Seddon - Director

30 October 2025

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

REPORT OF THE DIRECTORS

for the year ended 30 April 2025

The directors present their report with the financial statements of the company and the group for the year ended 30 April 2025.

DIVIDENDS

Interim dividends per share were paid during the year as follows:

A Ordinary £1 | - | £1625 | - 31 July 2024

B Ordinary £1 | - | £450 | - 31 July 2024

C Ordinary £1 | - | £1625 | - 31 July 2024

The total distribution of dividends for the year ended 30 April 2025 will be £ 370,000 .

DIRECTORS

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

Mrs I Seddon

N A Seddon

Mrs E P Brown

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

REPORT OF THE DIRECTORS

for the year ended 30 April 2025

AUDITORS

The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

N A Seddon - Director

30 October 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ALF SEDDON LIMITED

Opinion

We have audited the financial statements of Alf Seddon Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 April 2025 which comprise the Consolidated Statement of 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 30 April 2025 and of the group's profit 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ALF SEDDON LIMITED

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 three, 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:

- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulation and fraud.

- Confirming design and implementation of the management's controls designed to prevent and detect irregularities.

- Reviewing key correspondence with regulatory authorities in relation to compliance with relevant regulations.

- Challenging assumptions and judgements made by the management as well as explanations given.

- Identifying and testing journal entries, in particular those posted with unusual account combinations.

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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ALF SEDDON LIMITED

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.

Charles Bryning FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

Statutory Auditor

17 St Peters Place

Fleetwood

Lancashire

FY7 6EB

30 October 2025

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

CONSOLIDATED

STATEMENT OF COMPREHENSIVE

INCOME

for the year ended 30 April 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 8,652,789 |  | 8,406,209 |  |

Cost of sales | 1,794,031 |  | 1,713,141 |  |

GROSS PROFIT | 6,858,758 |  | 6,693,068 |  |

Administrative expenses | 6,230,972 |  | 5,846,372 |  |

627,786 |  | 846,696 |  |

Other operating income | 4,979 |  | - |  |

OPERATING PROFIT | 4 | 632,765 |  | 846,696 |  |

Interest receivable and similar income | 38,503 |  | 36,482 |  |

671,268 |  | 883,178 |  |

Interest payable and similar expenses | 5 | 147,285 |  | 154,794 |  |

PROFIT BEFORE TAXATION | 523,983 |  | 728,384 |  |

Tax on profit | 6 | 155,970 |  | 183,398 |  |

PROFIT FOR THE FINANCIAL YEAR | 368,013 |  | 544,986 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 368,013 |  | 544,986 |  |

Profit attributable to:

Owners of the parent | 368,013 |  | 544,986 |  |

Total comprehensive income attributable to:

Owners of the parent | 368,013 |  | 544,986 |  |

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

CONSOLIDATED BALANCE SHEET

30 April 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 9 | 14,688 |  | 73,438 |  |

Tangible assets | 10 | 5,353,115 |  | 5,430,495 |  |

Investments | 11 | - |  | - |  |

5,367,803 |  | 5,503,933 |  |

CURRENT ASSETS

Stocks | 12 | 61,047 |  | 54,227 |  |

Debtors | 13 | 467,184 |  | 431,833 |  |

Cash at bank and in hand | 543,069 |  | 625,836 |  |

1,071,300 |  | 1,111,896 |  |

CREDITORS

Amounts falling due within one year | 14 | (2,122,640 | ) | (2,152,103 | ) |

NET CURRENT LIABILITIES | (1,051,340 | ) | (1,040,207 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,316,463 |  | 4,463,726 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (2,138,945 | ) | (2,280,995 | ) |

PROVISIONS FOR LIABILITIES | 19 | (597,739 | ) | (600,965 | ) |

NET ASSETS | 1,579,779 |  | 1,581,766 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 50,300 |  | 50,300 |  |

Share premium | 5,100 |  | 5,100 |  |

Revaluation reserve | 1,023,470 |  | 1,029,633 |  |

Other reserves | 2,500 |  | 2,500 |  |

Retained earnings | 498,409 |  | 494,233 |  |

SHAREHOLDERS' FUNDS | 1,579,779 |  | 1,581,766 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

N A Seddon - Director

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

COMPANY BALANCE SHEET

30 April 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 9 | - |  | - |  |

Tangible assets | 10 | - |  | - |  |

Investments | 11 | 50,301 |  | 50,301 |  |

50,301 |  | 50,301 |  |

CURRENT ASSETS

Debtors | 13 | 853,743 |  | 799,107 |  |

CREDITORS

Amounts falling due within one year | 14 | (844,171 | ) | (788,445 | ) |

NET CURRENT ASSETS | 9,572 |  | 10,662 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 59,873 |  | 60,963 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 50,300 |  | 50,300 |  |

Retained earnings | 9,573 |  | 10,663 |  |

SHAREHOLDERS' FUNDS | 59,873 |  | 60,963 |  |

Company's profit for the financial year | 368,910 |  | 427,522 |  |

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 30 October 2025 and were signed on its behalf by:

N A Seddon - Director

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

for the year ended 30 April 2025

| Called up |

| share |  | Retained |  | Share

| capital |  | earnings |  | premium

£ | £ | £ |

Balance at 1 May 2023 | 50,300 |  | 352,308 |  | 5,100 |  |

Changes in equity

Dividends | - |  | (425,000 | ) | - |  |

Total comprehensive income | - |  | 566,925 |  | - |  |

Balance at 30 April 2024 | 50,300 |  | 494,233 |  | 5,100 |  |

Changes in equity

Dividends | - |  | (370,000 | ) | - |  |

Total comprehensive income | - |  | 374,176 |  | - |  |

Balance at 30 April 2025 | 50,300 |  | 498,409 |  | 5,100 |  |

| Revaluation |  | Other |  | Total

| reserve |  | reserves |  | equity

£ | £ | £ |

Balance at 1 May 2023 | 1,051,572 |  | 2,500 |  | 1,461,780 |  |

Changes in equity

Dividends | - |  | - |  | (425,000 | ) |

Total comprehensive income | (21,939 | ) | - |  | 544,986 |  |

Balance at 30 April 2024 | 1,029,633 |  | 2,500 |  | 1,581,766 |  |

Changes in equity

Dividends | - |  | - |  | (370,000 | ) |

Total comprehensive income | (6,163 | ) | - |  | 368,013 |  |

Balance at 30 April 2025 | 1,023,470 |  | 2,500 |  | 1,579,779 |  |

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

COMPANY STATEMENT OF CHANGES IN EQUITY

for the year ended 30 April 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 May 2023 | 50,300 |  | 8,141 |  | 58,441 |  |

Changes in equity

Dividends | - |  | (425,000 | ) | (425,000 | ) |

Total comprehensive income | - |  | 427,522 |  | 427,522 |  |

Balance at 30 April 2024 | 50,300 |  | 10,663 |  | 60,963 |  |

Changes in equity

Dividends | - |  | (370,000 | ) | (370,000 | ) |

Total comprehensive income | - |  | 368,910 |  | 368,910 |  |

Balance at 30 April 2025 | 50,300 |  | 9,573 |  | 59,873 |  |

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

CONSOLIDATED CASH FLOW STATEMENT

for the year ended 30 April 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,016,951 |  | 1,357,140 |  |

Interest paid | (147,075 | ) | (153,672 | ) |

Interest element of hire purchase payments paid | (210 | ) | (1,122 | ) |

Tax paid | (131,322 | ) | (141,268 | ) |

Net cash from operating activities | 738,344 |  | 1,061,078 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (318,311 | ) | (725,571 | ) |

Interest received | 38,503 |  | 36,482 |  |

Net cash from investing activities | (279,808 | ) | (689,089 | ) |

Cash flows from financing activities

Loan repayments in year | (111,428 | ) | (104,905 | ) |

Capital repayments in year | (5,789 | ) | (4,875 | ) |

Amount withdrawn by directors | (424,086 | ) | (416,566 | ) |

Net cash from financing activities | (541,303 | ) | (526,346 | ) |

Decrease in cash and cash equivalents | (82,767 | ) | (154,357 | ) |

Cash and cash equivalents at beginning of year | 2 | 625,836 |  | 780,193 |  |

Cash and cash equivalents at end of year | 2 | 543,069 |  | 625,836 |  |

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

for the year ended 30 April 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 523,983 |  | 728,384 |  |

| Depreciation charges | 454,440 |  | 450,801 |  |

| Finance costs | 147,285 |  | 154,794 |  |

| Finance income | (38,503 | ) | (36,482 | ) |

1,087,205 |  | 1,297,497 |  |

| Increase in stocks | (6,820 | ) | (2,247 | ) |

| Increase in trade and other debtors | (35,351 | ) | (20,765 | ) |

| (Decrease)/increase in trade and other creditors | (28,083 | ) | 82,655 |  |

| Cash generated from operations | 1,016,951 |  | 1,357,140 |  |

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 30 April 2025

| 30/4/25 |  | 1/5/24

£ | £ |

| Cash and cash equivalents | 543,069 |  | 625,836 |  |

| Year ended 30 April 2024

| 30/4/24 |  | 1/5/23

£ | £ |

| Cash and cash equivalents | 625,836 |  | 780,193 |  |

3. | ANALYSIS OF CHANGES IN NET DEBT

| At 1/5/24 | Cash flow | At 30/4/25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 625,836 |  | (82,767 | ) | 543,069 |  |

625,836 |  | (82,767 | ) | 543,069 |  |

| Debt

| Finance leases | (28,839 | ) | 5,789 |  | (23,050 | ) |

| Debts falling due within 1 year | (112,415 | ) | (7,285 | ) | (119,700 | ) |

| Debts falling due after 1 year | (2,257,659 | ) | 118,714 |  | (2,138,945 | ) |

(2,398,913 | ) | 117,218 |  | (2,281,695 | ) |

| Total | (1,773,077 | ) | 34,451 |  | (1,738,626 | ) |

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

for the year ended 30 April 2025

1. | STATUTORY INFORMATION

| Alf Seddon Limited is a private company, limited by shares , registered in England and Wales. 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.

| Going concern

| The group balance sheet shows net current liabilities of £1,051,340 (2024: £1,040,207). Total net assets £1,579,779 (2024: £1,581,766).

| The group is dependent upon the continuing support of its directors and other creditors to enable it to meet its day to day working capital requirements. The directors have indicated that they are willing to provide such support for the foreseeable future and therefore believe it is appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements.

| Basis of consolidation

| The accounts have been prepared using the merger accounting basis of consolidation. The Group consolidated financial statements include the financial statements of the Company and all of its subsidiary undertakings.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

| Turnover

| Turnover representing the value of services is recognised to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the service has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

| Turnover representing the sale of goods is shown net of VAT and trade discounts and is recognised when the goods are physically delivered to the customer.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | Nil

| Fixtures and fittings | - | 10% on cost

| Motor vehicles | - | 20% on reducing balance

| Computer equipment | - | 20% on cost

| Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life. The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

| Stocks

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

| Financial instruments

| Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. For the purpose of the consolidated cash flow statement, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts.

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.

| All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. The effective interest rate amortisation is included in finance revenue in the income statement.

| Taxation

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

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| 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

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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 | 3,264,903 |  | 3,042,286 |  |

| Social security costs | 267,839 |  | 240,196 |  |

| Other pension costs | 56,487 |  | 48,693 |  |

3,589,229 |  | 3,331,175 |  |

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

| 2025 |  | 2024

| Elgin Hotel | 61 |  | 62 |  |

| Sheraton Hotel | 91 |  | 86 |  |

152 |  | 148 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 6,380 |  | 6,240 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 2 |  | 2 |  |

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

4. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Hire of plant and machinery | 900 |  | 900 |  |

| Other operating leases | 19,268 |  | 7,267 |  |

| Depreciation - owned assets | 395,691 |  | 392,052 |  |

| Goodwill amortisation | 58,750 |  | 58,750 |  |

| Auditors' remuneration | 26,725 |  | 24,290 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | 147,075 |  | 153,672 |  |

| Hire purchase | 210 |  | 1,122 |  |

147,285 |  | 154,794 |  |

6. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 159,196 |  | 131,333 |  |

| Deferred tax | (3,226 | ) | 52,065 |  |

| Tax on profit | 155,970 |  | 183,398 |  |

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

6. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 523,983 |  | 728,384 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 130,996 |  | 182,096 |  |

| Effects of:

| Expenses not deductible for tax purposes | 217 |  | 215 |  |

| Capital allowances in excess of depreciation | - |  | (50,174 | ) |

| Depreciation in excess of capital allowances | 29,905 |  | - |  |

| Deferred tax | (3,226 | ) | 52,065 |  |

| Enhanced capital allowances | (1,922 | ) | (804 | ) |

| Total tax charge | 155,970 |  | 183,398 |  |

7. | INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

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

8. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| A Ordinary shares of £1 each |

| Interim | 162,500 |  | 175,000 |  |

| B Ordinary shares of £1 each |

| Interim | 45,000 |  | 75,000 |  |

| C Ordinary shares of £1 each |

| Interim | 162,500 |  | 175,000 |  |

370,000 |  | 425,000 |  |

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

9. | INTANGIBLE FIXED ASSETS

| Group

| Goodwill

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 615,000 |  |

| AMORTISATION

| At 1 May 2024 | 541,562 |  |

| Amortisation for year | 58,750 |  |

| At 30 April 2025 | 600,312 |  |

| NET BOOK VALUE

| At 30 April 2025 | 14,688 |  |

| At 30 April 2024 | 73,438 |  |

10. | TANGIBLE FIXED ASSETS

| Group

| Fixtures |

| Freehold |  | and |  | Motor |  | Computer |

| property |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 May 2024 | 3,587,866 |  | 5,711,194 |  | 43,890 |  | 126,850 |  | 9,469,800 |  |

| Additions | 94,012 |  | 221,409 |  | - |  | 2,890 |  | 318,311 |  |

| At 30 April 2025 | 3,681,878 |  | 5,932,603 |  | 43,890 |  | 129,740 |  | 9,788,111 |  |

| DEPRECIATION

| At 1 May 2024 | - |  | 3,897,351 |  | 21,418 |  | 120,536 |  | 4,039,305 |  |

| Charge for year | - |  | 388,032 |  | 4,495 |  | 3,164 |  | 395,691 |  |

| At 30 April 2025 | - |  | 4,285,383 |  | 25,913 |  | 123,700 |  | 4,434,996 |  |

| NET BOOK VALUE

| At 30 April 2025 | 3,681,878 |  | 1,647,220 |  | 17,977 |  | 6,040 |  | 5,353,115 |  |

| At 30 April 2024 | 3,587,866 |  | 1,813,843 |  | 22,472 |  | 6,314 |  | 5,430,495 |  |

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

11. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 50,301 |  |

| NET BOOK VALUE

| At 30 April 2025 | 50,301 |  |

| At 30 April 2024 | 50,301 |  |

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiaries

| Elgin Hotel Limited

| Registered office: 17 St Peter's Place, Fleetwood, Lancashire, FY7 6EB

| Nature of business: Hotel

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Sheraton Hotel (Blackpool) Limited

| Registered office: 17 St Peter's Place, Fleetwood, Lancashire, FY7 6EB

| Nature of business: Hotel

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

12. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Stocks | 61,047 |  | 54,227 |  |

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Amounts owed by group undertakings | - |  | - |  | 853,743 |  | 799,107 |  |

| Other debtors | 433,686 |  | 383,334 |  | - |  | - |  |

| Prepayments and accrued income | 33,498 |  | 48,499 |  | - |  | - |  |

467,184 |  | 431,833 |  | 853,743 |  | 799,107 |  |

| Other debtors contains £433,686 (2024 - £380,657) which represents a cash backed bond issued to ABTA Insurance PCC Ltd, this will mature March 2026.

14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 16) | 119,700 |  | 112,415 |  | - |  | - |  |

| Hire purchase contracts (see note 17) | 23,050 |  | 5,503 |  | - |  | - |  |

| Trade creditors | 1,334,075 |  | 1,410,724 |  | - |  | - |  |

| Amounts owed to group undertakings | - |  | - |  | 783,828 |  | 675,365 |  |

| Tax | 159,207 |  | 131,333 |  | - |  | - |  |

| Social security and other taxes | 45,300 |  | 34,006 |  | - |  | - |  |

| VAT | 190,952 |  | 178,517 |  | - |  | - |  |

| Other creditors | 16,104 |  | 7,154 |  | - |  | 1 |  |

| Directors' current accounts | 54,348 |  | 108,434 |  | 54,348 |  | 108,434 |  |

| Accruals and deferred income | 179,904 |  | 164,017 |  | 5,995 |  | 4,645 |  |

2,122,640 |  | 2,152,103 |  | 844,171 |  | 788,445 |  |

15. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| Group |

2025 | 2024 |

£ | £ |

| Bank loans (see note 16) | 2,138,945 |  | 2,257,659 |  |

| Hire purchase contracts (see note 17) | - |  | 23,336 |  |

2,138,945 |  | 2,280,995 |  |

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

16. | LOANS

| An analysis of the maturity of loans is given below:

| Group |

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on | demand: |

| Bank loans | 119,700 |  | 112,415 |  |

| Amounts falling due between one and two | years: |

| Bank loans | 127,526 |  | 112,060 |  |

| Amounts falling due between two and five | years: |

| Bank loans | 2,011,419 |  | 2,145,599 |  |

| The group has two bank loans with terms as follows:

|  | Maturity date |  | Repayable by instalments of |  |  | Interest rate |

| Fixed rate loan facility |  | 2027 |  | £16,230.04 per month |  |  | 6.35% |

| Fixed rate loan facility |  | 2027 |  | £48,690.13 per month |  |  | 6.35% |

17. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 23,050 |  | 5,503 |  |

| Between one and five years | - |  | 23,336 |  |

23,050 |  | 28,839 |  |

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

17. | LEASING AGREEMENTS - continued

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 10,177 |  | 5,645 |  |

| Between one and five years | 51,544 |  | 21,641 |  |

61,721 |  | 27,286 |  |

18. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

2025 | 2024 |

£ | £ |

| Bank loans | 2,258,645 |  | 2,370,074 |  |

| Hire purchase contracts | 23,050 |  | 28,839 |  |

2,281,695 |  | 2,398,913 |  |

| Bank loans are secured over the assets of the group.

| Assets financed under hire purchase are secured upon the assets to which they relate.

19. | PROVISIONS FOR LIABILITIES

| Group |

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 415,618 |  | 425,007 |  |

| Deferred tax on capital gains | 182,121 |  | 175,958 |  |

597,739 |  | 600,965 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 May 2024 | 600,965 |  |

| Provided during year | (9,389 | ) |

| Deferred tax on capital gains | 6,163 |  |

| Balance at 30 April 2025 | 597,739 |  |

| ALF SEDDON LIMITED (REGISTERED NUMBER: 09573350) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 50,000 | Ordinary | £1 | 50,000 |  | 50,000 |  |

| 100 | A Ordinary | £1 | 100 |  | 100 |  |

| 100 | B Ordinary | £1 | 100 |  | 100 |  |

| 100 | C Ordinary | £1 | 100 |  | 100 |  |

50,300 |  | 50,300 |  |

| The A - C ordinary shares carried no rights beyond the right to receive a dividend.

21. | RELATED PARTY DISCLOSURES

| Entities with control, joint control or significant influence over the entity

2025 | 2024 |

£ | £ |

| Transfers | 424,090 |  | 416,566 |  |

| Dividends paid to related party | 370,000 |  | 425,000 |  |

| Amount due to related party | 59,348 |  | 108,434 |  |