Registered number: 10661826
FOR THE YEAR ENDED 29 MARCH 2025
BEDS & BARS GROUP LIMITED
COMPANY INFORMATION
BEDS & BARS GROUP LIMITED
CONTENTS
BEDS & BARS GROUP LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 29 MARCH 2025
The directors present the strategic report for the period ended 29 March 2025.
The year to 29th March 2025 started on budget but a combination of factors resulted in a decline in revenue and in EBITDA in the second half of the year.
Whilst our Traditional pubs held up well, our late night venues were impacted by changing work patterns and more restrictive City regulations where the value of the night time economy is increasingly undervalued both in the UK and some European cities. Regulations and city taxes designed to stop the proliferation of Air B&B have a direct impact on our cost base which is increasingly difficult to pass on.
Whilst operational costs were well controlled, fixed costs continued to rise both in the UK and Europe including mandatory wage increases, energy, security and cleaning costs, business rates and CPI lease clauses. Whilst our own booking engine has increased its traction year on year the OTA commissions have continued to edge up.
Our St Christoper’s branded hostels maintained sector leading occupancy levels, but we saw a decline in net bed rate particularly in the second half of the financial year. With over 4000 beds across the UK and Europe this accounted for 80% of revenue decline.
In the full year to 30th March 2025 revenue fell 9.7% to £65.236m (2024 £72.783m) and a fall in EBITDA to £3.95m (2024: £8.212m)
Our large integrated units, i.e. combined St Christophers Inns hostels and Belushi’s branded bars in London, Edinburgh and European capitals withstood the challenges of constricted national economies and still remained both profitable and cash generative on a unit trading basis, but the pressures on the small UK leasehold units outside the city centres were more severely impacted where rising fixed costs are more difficult to absorb. Over the year end we sold 2 lossmaking leaseholds in the UK as we saw little chance of them returning to trading profit.
We pay tribute to our magnificent staff across the UK and Europe for their flexibility and unfailing commitment as rotas adjust for changing customer behaviours. We believe we have the best team in the sector.
We have been frustrated in our search for additional hostels. The European operators remained more financially buoyant as the EU Governments supported their hospitability business through Covid with grants or low interest loans as opposed to the UK model of expensive short term loans. The tide is gradually turning in Europe where more realistic multiples are now evident.
With these changes in the revenue stream and pressures on our fixed costs it is inevitable that we have to look at our cost base and post year end have implemented a restructure of both our operational model and our HO structure. The key is to keep the balance between costs and guest experience which, on the evidence of guest feed back and ratings we are largely succeeding.
It would be wrong not to note the impact of PE funded players in the market, who have built new hostels from scratch and need to fill those beds, so keeping prices low. We combat that by offering an unforgettable lifetime adventure experience across Europe for both groups and independent travellers. Safe, Secure, Value and Fun: It’s what we do best.
Whilst our Traditional pubs held up well, our late night venues were impacted by changing work patterns and more restrictive City regulations where the value of the night time economy is increasingly undervalued both in the UK and some European cities. Regulations and city taxes designed to stop the proliferation of Air B&B have a direct impact on our cost base which is increasingly difficult to pass on.
Whilst operational costs were well controlled, fixed costs continued to rise both in the UK and Europe including mandatory wage increases, energy, security and cleaning costs, business rates and CPI lease clauses. Whilst our own booking engine has increased its traction year on year the OTA commissions have continued to edge up.
Our St Christoper’s branded hostels maintained sector leading occupancy levels, but we saw a decline in net bed rate particularly in the second half of the financial year. With over 4000 beds across the UK and Europe this accounted for 80% of revenue decline.
In the full year to 30th March 2025 revenue fell 9.7% to £65.236m (2024 £72.783m) and a fall in EBITDA to £3.95m (2024: £8.212m)
Our large integrated units, i.e. combined St Christophers Inns hostels and Belushi’s branded bars in London, Edinburgh and European capitals withstood the challenges of constricted national economies and still remained both profitable and cash generative on a unit trading basis, but the pressures on the small UK leasehold units outside the city centres were more severely impacted where rising fixed costs are more difficult to absorb. Over the year end we sold 2 lossmaking leaseholds in the UK as we saw little chance of them returning to trading profit.
We pay tribute to our magnificent staff across the UK and Europe for their flexibility and unfailing commitment as rotas adjust for changing customer behaviours. We believe we have the best team in the sector.
We have been frustrated in our search for additional hostels. The European operators remained more financially buoyant as the EU Governments supported their hospitability business through Covid with grants or low interest loans as opposed to the UK model of expensive short term loans. The tide is gradually turning in Europe where more realistic multiples are now evident.
With these changes in the revenue stream and pressures on our fixed costs it is inevitable that we have to look at our cost base and post year end have implemented a restructure of both our operational model and our HO structure. The key is to keep the balance between costs and guest experience which, on the evidence of guest feed back and ratings we are largely succeeding.
It would be wrong not to note the impact of PE funded players in the market, who have built new hostels from scratch and need to fill those beds, so keeping prices low. We combat that by offering an unforgettable lifetime adventure experience across Europe for both groups and independent travellers. Safe, Secure, Value and Fun: It’s what we do best.
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BEDS & BARS GROUP LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 29 MARCH 2025
The Beds & Bars group has operated in the hospitality industry for 62 years.
The residual debt burden taken on during and after the Covid pandemic remains a major factor in our decision making process
The major risk within our control is liquidity. The group used all levers to manage the outflow of funds whilst maintaining our capacity to retain key personnel and systems.
Recruiting and retaining staff has eased further in FY 2025 although we pay a premium for that stability, whilst adding to our staff benefits. We continue to invest in our training programmes underpinning our Investors in People Platinum award.
It has been tough year and FY 2026 will see a further decline in earnings as we realign the cost base of the Group to the revenue streams. The increasing fixed costs of certain units make them marginal and the directors are examining exiting units to reduce debt built up during Covid.
We are fortunate to have assets to sell and the board is grateful to our sole UK bankers, HSBC, for their continued support and for their flexibility in agreeing revised terms as the financial performance evolves.
As an established player and with the strength of its branded presence and focus on the guest experience Beds and Bars is well placed to protect its unique market position.
The residual debt burden taken on during and after the Covid pandemic remains a major factor in our decision making process
The major risk within our control is liquidity. The group used all levers to manage the outflow of funds whilst maintaining our capacity to retain key personnel and systems.
Recruiting and retaining staff has eased further in FY 2025 although we pay a premium for that stability, whilst adding to our staff benefits. We continue to invest in our training programmes underpinning our Investors in People Platinum award.
It has been tough year and FY 2026 will see a further decline in earnings as we realign the cost base of the Group to the revenue streams. The increasing fixed costs of certain units make them marginal and the directors are examining exiting units to reduce debt built up during Covid.
We are fortunate to have assets to sell and the board is grateful to our sole UK bankers, HSBC, for their continued support and for their flexibility in agreeing revised terms as the financial performance evolves.
As an established player and with the strength of its branded presence and focus on the guest experience Beds and Bars is well placed to protect its unique market position.
Beds and Bars has historically funded the development of its business through retained profits and bank facilities. Despite the best endeavours of the board, curtailed trading meant that combined losses of the pandemic years totalled £15.5m which were replaced with both bank and Government backed loans These loans have variable interest rates which track a mixture of UK base rate, SONIA and Euribor. Thus changes in those rates changes the cost of finance and therefore impact net cash, profit and retentions. The group regularly reviews both its interest hedging and currency risk. Our relationship with HSBC as our sole UK banker remains excellent and they are regularly updated with financial performance, forecasts and KPI’s The Group has the benefit of a number of prime UK freehold properties.
The Group is exposed to short term cancellation of bookings. In mitigation, management ensure that a non-refundable deposit is taken at the time of booking and encourages full payment in advance through, amongst other things, the fixing of exchange rates.
Net bed rates across Europe have fallen further in FY 2026. This is industry wide as cut price competition from South East Asia is attracting our knowledgeable and cost conscious global travelling guest. We believe this is likely to remain a pattern for the foreseeable future which means that we have to target our cost base and ensure we offer a premium experience in our culture rich European capitals and major city hostels and bars.
The Group is exposed to short term cancellation of bookings. In mitigation, management ensure that a non-refundable deposit is taken at the time of booking and encourages full payment in advance through, amongst other things, the fixing of exchange rates.
Net bed rates across Europe have fallen further in FY 2026. This is industry wide as cut price competition from South East Asia is attracting our knowledgeable and cost conscious global travelling guest. We believe this is likely to remain a pattern for the foreseeable future which means that we have to target our cost base and ensure we offer a premium experience in our culture rich European capitals and major city hostels and bars.
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BEDS & BARS GROUP LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 29 MARCH 2025
Health and Safety is at the core of our business. The Health and Safety Strategy (H&S Strategy) supports the strategic and operational management of the group and looks to go beyond the traditional role of preventing harm. The H&S Strategy commits the group to continually improve the health and safety environment for its staff and customers. The H&S Strategy is not just about compliance: it is a suite of practical policies keeping all our staff, customers, sub- contractors and visitors safe. It is closely monitored and tested unit by unit and updated as required.
GDPR
The Board believes that the group has robust data protection procedures in place. However this is an ever more complex area and the Group continually reviews and upgrades its defences against attack. In addition to its in house team the Directors engage external consultants to ensure that the group is fully compliant with relevant legislation.
The Group continues to evaluate its data security policies and procedures in accordance with GDPR regulations.
Key Performance Indicators
The board use a number of indicators to track the performance of the company (KPIs). These include, amongst others: weekly turnover, beds sold and net bed rate per unit, accommodation, food and beverage gross margins, revenues by booking channel, EBITDA performance by site and customer review data. The KPIs are reviewed on a weekly and monthly basis and compared to budget and historic performance.
GDPR
The Board believes that the group has robust data protection procedures in place. However this is an ever more complex area and the Group continually reviews and upgrades its defences against attack. In addition to its in house team the Directors engage external consultants to ensure that the group is fully compliant with relevant legislation.
The Group continues to evaluate its data security policies and procedures in accordance with GDPR regulations.
Key Performance Indicators
The board use a number of indicators to track the performance of the company (KPIs). These include, amongst others: weekly turnover, beds sold and net bed rate per unit, accommodation, food and beverage gross margins, revenues by booking channel, EBITDA performance by site and customer review data. The KPIs are reviewed on a weekly and monthly basis and compared to budget and historic performance.
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BEDS & BARS GROUP LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 29 MARCH 2025
The board of directors provide the following statement on how they have performed of their statutory duties in accordance with s172(1) of the Companies Act 2006.
The board of Directors of Beds & Bars Group Ltd consider that both individually and together, they have acted in a way that would be most likely to promote the success of the company for the benefit of its members as a whole (having regard to stakeholders and matters set out in s172(1) (a-f) of the Act) in the decisions taken during the year ended 30 March 2024
The likely consequences of any decision in the long term
Consideration of the consequences of any decision in both the short, medium and long term is considered as part of the decision making process.
The interests of the company's employees
The Beds & Bars Group Ltd has continued to invest in people at all levels in the organisation, as we see this as a key factor in maintaining and improving performance in all aspects of the business. The emphasis on internal development through our award-winning footsteps training programme, as well as encouraging employees to take an active role in their career, has helped to ensure ongoing employee engagement and retention. It has also helped to ensure that the majority of our new managers are promoted from within, having successfully come through the training programme. The Beds & Bars Group Ltd has continued to invest in people at all levels in the organisation, as we see this as a key factor in maintaining and improving performance in all aspects of the business. The emphasis on internal development through our award-winning footsteps training programme, as well as encouraging employees to take an active role in their career, has helped to ensure ongoing employee engagement and retention. It has also helped to ensure that the majority of our new managers are promoted from within, having successfully come through the training programme. We have continued to invest in our employees with health schemes and life cover, all of which has contributed to our success in both retaining and recruiting the best employees in the hospitality market.
We are proud of our IIP Platinum award.
The need to foster the company's business relationships with suppliers, customers and others
Our customers are at the heart of everything we do, and our mission is to provide them with a safe, secure, value and fun experience. We conduct regular customer surveys and encourage feedback from industry rating sites in addition to interactions with social media community groups.
Our suppliers and contractors are an integral part of providing a memorable guest experience. We maintain regular transparent communication with our stakeholders and pay to terms. We have nominated responsibility within each of our regions to maintain and enhance our supplier relationships.
The impact of the company's operations on the community and the environment
The impact of our operations on the community and the environment is an important factor managing a consumer lead hospitality group. The board regularly reviews processes and procedures seeking continual improvement and have implemented a number of policies across our hostel and F&B estate to minimise our environmental impact. These initiatives are outlined in more detail in the Directors’ report.
The desirability of the company maintaining a reputation for high standards of business conduct
Our company core values of safe, secure, value and fun are a fundamental part of a family owned business. Our core values include communicating honestly and openly and set the standard for how we maintain high standards of business conduct.
The board of Directors of Beds & Bars Group Ltd consider that both individually and together, they have acted in a way that would be most likely to promote the success of the company for the benefit of its members as a whole (having regard to stakeholders and matters set out in s172(1) (a-f) of the Act) in the decisions taken during the year ended 30 March 2024
The likely consequences of any decision in the long term
Consideration of the consequences of any decision in both the short, medium and long term is considered as part of the decision making process.
The interests of the company's employees
The Beds & Bars Group Ltd has continued to invest in people at all levels in the organisation, as we see this as a key factor in maintaining and improving performance in all aspects of the business. The emphasis on internal development through our award-winning footsteps training programme, as well as encouraging employees to take an active role in their career, has helped to ensure ongoing employee engagement and retention. It has also helped to ensure that the majority of our new managers are promoted from within, having successfully come through the training programme. The Beds & Bars Group Ltd has continued to invest in people at all levels in the organisation, as we see this as a key factor in maintaining and improving performance in all aspects of the business. The emphasis on internal development through our award-winning footsteps training programme, as well as encouraging employees to take an active role in their career, has helped to ensure ongoing employee engagement and retention. It has also helped to ensure that the majority of our new managers are promoted from within, having successfully come through the training programme. We have continued to invest in our employees with health schemes and life cover, all of which has contributed to our success in both retaining and recruiting the best employees in the hospitality market.
We are proud of our IIP Platinum award.
The need to foster the company's business relationships with suppliers, customers and others
Our customers are at the heart of everything we do, and our mission is to provide them with a safe, secure, value and fun experience. We conduct regular customer surveys and encourage feedback from industry rating sites in addition to interactions with social media community groups.
Our suppliers and contractors are an integral part of providing a memorable guest experience. We maintain regular transparent communication with our stakeholders and pay to terms. We have nominated responsibility within each of our regions to maintain and enhance our supplier relationships.
The impact of the company's operations on the community and the environment
The impact of our operations on the community and the environment is an important factor managing a consumer lead hospitality group. The board regularly reviews processes and procedures seeking continual improvement and have implemented a number of policies across our hostel and F&B estate to minimise our environmental impact. These initiatives are outlined in more detail in the Directors’ report.
The desirability of the company maintaining a reputation for high standards of business conduct
Our company core values of safe, secure, value and fun are a fundamental part of a family owned business. Our core values include communicating honestly and openly and set the standard for how we maintain high standards of business conduct.
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BEDS & BARS GROUP LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 29 MARCH 2025
The need to act fairly as between members of the company.
The consequences of any decision on all members of the group is considered as part of the decision making process.
The consequences of any decision on all members of the group is considered as part of the decision making process.
This report was approved by the board on 29 December 2025 and signed on its behalf.
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BEDS & BARS GROUP LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 29 MARCH 2025
The directors present their report and the financial statements for the year ended 29 March 2025.
The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to 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.
The loss for the year, after taxation and minority interests, amounted to £3,286,721 (2024 - profit £2,874,062).
The results for period are set out on pages 13 to 14.
The directors did not recommend a dividend during the year.
The directors did not recommend a dividend during the year.
The directors who served during the year were:
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BEDS & BARS GROUP LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 29 MARCH 2025
Our engagement with employees are detailed within the strategic report.
The Group has commissioned Energise Limited to conduct and prepare Streamlined Energy and Carbon Reporting (SECR) statement, and this is reproduced below:
Notes
Notes
Exclusions
No exclusions have been made within the reporting period.
No exclusions have been made within the reporting period.
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BEDS & BARS GROUP LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 29 MARCH 2025
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BEDS & BARS GROUP LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 29 MARCH 2025
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BEDS & BARS GROUP LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 29 MARCH 2025
Beds and Bars have implemented Sustainability Champions across their sites, engaging in employee training on sustainable practices and energy efficiency behaviours. The main goal is to improve waste management, promoting recycling across their sites as well as reduce energy usage across the board. Beds and Bars have also improved their energy monitoring by progressing on smart metering. The goal for these objectives is to reduce energy consumption by up to 4%.
Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
The auditors, Xeinadin Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on 29 December 2025 and signed on its behalf.
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BEDS & BARS GROUP LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BEDS & BARS GROUP LIMITED
We have audited the financial statements of Beds & Bars Group Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 29 March 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Analysis of Net Debt, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, 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).
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 United Kingdom, including the Financial Reporting Council'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.
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 or 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.
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BEDS & BARS GROUP LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BEDS & BARS GROUP LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
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 Directors' Report.
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BEDS & BARS GROUP LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BEDS & BARS GROUP LIMITED (CONTINUED)
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 an Auditors' Report 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 Group financial statements.
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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙Enquiry of management and those charged with governance around actual and potential litigation and claims;
∙Reviewing minutes of meetings of those charged with governance;
∙Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
∙Enquiry of management and those charged with governance to identify any instances of non-complaince with laws and regulations.
The potential effect of these laws and regulations on the financial statements varies considerably.
Firstly, the Group is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation), distributable profits legislation and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.
Secondly, the Group is subject to many other laws and regulations where the consequenece of non-compliance could have a material effect on amounts or disclosures in the financial statement, for instance the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: health and safety, data protection laws, anti-bribery, money laundering, and employment law compliance recognising the nature of the Group's activities. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, an audit will not detect that breach.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions
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BEDS & BARS GROUP LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BEDS & BARS GROUP LIMITED (CONTINUED)
reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and
timing of the audit and significant audit findings, including any significant deficiencies in internal control that we
identify during our audit.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and
timing of the audit and significant audit findings, including any significant deficiencies in internal control that we
identify during our audit.
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 Auditors' 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 an Auditors' Report 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.
for and on behalf of
Chartered Accountants
Statutory Auditor
Becket House
36 Old Jewry
EC2R 8DD
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BEDS & BARS GROUP LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 29 MARCH 2025
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BEDS & BARS GROUP LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (CONTINUED)
FOR THE YEAR ENDED 29 MARCH 2025
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BEDS & BARS GROUP LIMITED
REGISTERED NUMBER: 10661826
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 29 MARCH 2025
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BEDS & BARS GROUP LIMITED
REGISTERED NUMBER: 10661826
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 MARCH 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 December 2025.
The notes on pages 27 to 59 form part of these financial statements.
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BEDS & BARS GROUP LIMITED
REGISTERED NUMBER: 10661826
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 29 MARCH 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 December 2025 .
The notes on pages 27 to 59 form part of these financial statements.
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