| Loddon Hotels Limited |
| Registered number: |
05115389 |
| Balance Sheet |
| as at 30 April 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
500 |
|
|
500 |
| Tangible assets |
4 |
|
|
1,442,035 |
|
|
1,354,996 |
|
|
|
|
1,442,535 |
|
|
1,355,496 |
|
| Current assets |
| Stocks |
|
|
12,485 |
|
|
12,228 |
| Debtors |
5 |
|
20,545 |
|
|
2,720 |
| Cash at bank and in hand |
|
|
418,348 |
|
|
455,282 |
|
|
|
451,378 |
|
|
470,230 |
|
| Creditors: amounts falling due within one year |
6 |
|
(461,856) |
|
|
(478,099) |
|
| Net current liabilities |
|
|
|
(10,478) |
|
|
(7,869) |
|
| Total assets less current liabilities |
|
|
|
1,432,057 |
|
|
1,347,627 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(200,000) |
|
|
(300,000) |
|
| Provisions for liabilities |
|
|
|
(1,933) |
|
|
(4,021) |
|
|
| Net assets |
|
|
|
1,230,124 |
|
|
1,043,606 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Revaluation reserve |
8 |
|
|
100,630 |
|
|
- |
| Profit and loss account |
|
|
|
1,129,394 |
|
|
1,043,506 |
|
| Shareholders' funds |
|
|
|
1,230,124 |
|
|
1,043,606 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| K T Pybus |
| Director |
| Approved by the board on 21 October 2025 |
|
| Loddon Hotels Limited |
| Notes to the Accounts |
| for the year ended 30 April 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the amounts derived from the provision of goods and services in the UK which fall within the company's ordinary activities stated after trade discounts and net of value added tax. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: |
|
|
Freehold buildings |
over 100 years |
|
Plant and equipment |
over 10 years |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
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. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.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. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
25 |
|
25 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 May 2024 |
267,113 |
|
Additions |
- |
|
Disposals |
- |
|
At 30 April 2025 |
267,113 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 May 2024 |
266,613 |
|
Provided during the year |
- |
|
On disposals |
- |
|
At 30 April 2025 |
266,613 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2025 |
500 |
|
At 30 April 2024 |
500 |
|
|
|
|
|
|
|
|
|
|
Goodwill has been written off in equal annual instalments over its estimated economic life of 10 years. |
|
| 4 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and equipment |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 May 2024 |
1,405,195 |
|
174,420 |
|
900 |
|
1,580,515 |
|
Surplus on revaluation |
63,658 |
|
- |
|
- |
|
63,658 |
|
At 30 April 2025 |
1,468,853 |
|
174,420 |
|
900 |
|
1,644,173 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2024 |
66,807 |
|
158,043 |
|
669 |
|
225,519 |
|
Charge for the year |
4,590 |
|
8,943 |
|
58 |
|
13,591 |
|
Surplus on revaluation |
(36,972) |
|
- |
|
- |
|
(36,972) |
|
At 30 April 2025 |
34,425 |
|
166,986 |
|
727 |
|
202,138 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2025 |
1,434,428 |
|
7,434 |
|
173 |
|
1,442,035 |
|
At 30 April 2024 |
1,338,388 |
|
16,377 |
|
231 |
|
1,354,996 |
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
1,405,195 |
|
1,405,195 |
|
Cumulative depreciation based on historical cost |
34,425 |
|
66,807 |
|
|
|
|
|
|
1,370,770 |
|
1,338,388 |
|
Freehold land and buildings were revalued by the directors at 30th April 2025. |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
129 |
|
- |
|
Other debtors |
20,416 |
|
2,720 |
|
|
|
|
|
|
20,545 |
|
2,720 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
298,004 |
|
280,551 |
|
Taxation and social security costs |
77,494 |
|
85,503 |
|
Other creditors |
86,358 |
|
112,045 |
|
|
|
|
|
|
461,856 |
|
478,099 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
200,000 |
|
300,000 |
|
|
|
|
|
|
200,000 |
|
300,000 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 May 2024 |
- |
|
- |
|
Gain on revaluation of land and buildings |
100,630 |
|
- |
|
Deferred taxation arising on the revaluation of land and buildings |
- |
|
- |
|
|
At 30 April 2025 |
100,630 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
2025 |
|
2024 |
| £ |
£ |
|
J M Pybus and K T Pybus |
|
Directors and shareholders |
|
Interest payable |
28,095 |
|
32,417 |
|
| 10 |
Controlling party |
|
|
The ultimate controlling party of the company is J M Pybus and K T Pybus jointly. |
|
| 11 |
Other information |
|
|
Loddon Hotels Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Mill House Hotel |
|
Old Basingstoke Road |
|
Swallowfield |
|
Berkshire |
|
RG7 1PY |