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Registration number: 04372073

Hillthwaite House Hotel Limited
Unaudited Financial Statements
31 July 2025

Hillthwaite House Hotel Limited

Contents

Accountants' Report | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 4

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Hillthwaite House Hotel Limited
for the Year Ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hillthwaite House Hotel Limited for the year ended 31 July 2025 as set out on pages 2 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Hillthwaite House Hotel Limited, as a body, in accordance with the terms of our engagement letter dated 25 January 2023. Our work has been undertaken solely to prepare for your approval the accounts of Hillthwaite House Hotel Limited and state those matters that we have agreed to state to the Board of Directors of Hillthwaite House Hotel Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hillthwaite House Hotel Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Hillthwaite House Hotel Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Hillthwaite House Hotel Limited. You consider that Hillthwaite House Hotel Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Hillthwaite House Hotel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Dodd & Co Limited
Chartered Accountants
Clint Mill
Cornmarket
PENRITH
CA11 7HW

7 December 2025

Hillthwaite House Hotel Limited

(Registration number: 04372073)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 725,190 | 819,960
Current assets |  |  |
Stocks |  | 21,292 | 15,850
Debtors | 6 | 261,964 | 202,806
Cash at bank and in hand |  | 233,463 | 252,266
|  | 516,719 | 470,922
Creditors: Amounts falling due within one year | 7 | (464,017) | (408,382)
Net current assets |  | 52,702 | 62,540
Total assets less current liabilities |  | 777,892 | 882,500
Creditors: Amounts falling due after more than one year | 7 | (289,840) | (361,893)
Provisions for liabilities |  | (88,700) | (123,093)
Net assets |  | 399,352 | 397,514
Capital and reserves |  |  |
Allotted, called up and fully paid share capital |  | 900 | 900
Profit and loss account |  | 398,452 | 396,614
Total equity |  | 399,352 | 397,514

Hillthwaite House Hotel Limited

(Registration number: 04372073)
Balance Sheet as at 31 July 2025 (continued)

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 December 2025 and signed on its behalf by:

.........................................

M E Sodeau

Director

.........................................

V C E Sodeau

Director

Hillthwaite House Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Thornbarrow Road
WINDERMERE
LA23 2DF

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Hillthwaite House Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

Government grants

Grants relating to revenue are recognised in the profit and loss account on a systematic basis over the periods in which the related costs are recognised for which the grant is intended to compensate.
Grants for the purpose of giving immediate financial support with no future related costs to be incurred are recognised in the profit and loss account when the grant proceeds become receivable.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | 50 years straight line basis and 15% reducing balance basis
Furniture, fittings and office equipment | 15% reducing balance basis
Motor vehicles | 25% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Hillthwaite House Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 7 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Hillthwaite House Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Hillthwaite House Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 29 (2024 - 30).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 August 2024 | 240,000 | 240,000
At 31 July 2025 | 240,000 | 240,000
Amortisation
At 1 August 2024 | 240,000 | 240,000
At 31 July 2025 | 240,000 | 240,000
Carrying amount
At 31 July 2025 | - | -

5 | Tangible assets

| Land and buildings £ | Motor vehicles £ | Furniture, fittings and office equipment £ | Total £
Cost or valuation
At 1 August 2024 | 1,081,255 | 86,169 | 1,298,916 | 2,466,340
Additions | - | - | 7,037 | 7,037
Disposals | - | (49,490) | - | (49,490)
At 31 July 2025 | 1,081,255 | 36,679 | 1,305,953 | 2,423,887
Depreciation
At 1 August 2024 | 603,820 | 48,113 | 994,447 | 1,646,380
Charge for the year | 30,886 | 4,621 | 46,726 | 82,233
Eliminated on disposal | - | (29,916) | - | (29,916)
At 31 July 2025 | 634,706 | 22,818 | 1,041,173 | 1,698,697
Carrying amount
At 31 July 2025 | 446,549 | 13,861 | 264,780 | 725,190
At 31 July 2024 | 477,435 | 38,056 | 304,469 | 819,960

Hillthwaite House Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 8,628 | 3,789
Other debtors | 253,336 | 199,017
| 261,964 | 202,806

7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 31,273 | 43,980
Trade creditors |  | 127,242 | 134,166
Taxation and social security |  | 119,430 | 84,516
Corporation tax liability |  | 78,945 | 68,291
Other creditors |  | 107,127 | 77,429
|  | 464,017 | 408,382
Due after one year |  |  |
Loans and borrowings | 8 | 289,840 | 361,893

| 2025 £ | 2024 £
After more than five years by instalments | 160,599 | 233,534
| 160,599 | 233,534

Hillthwaite House Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

8 | Loans and borrowings

| 2025 £ | 2024 £
Current loans and borrowings
Bank borrowings | 31,273 | 24,974
Hire purchase and finance lease liabilities | - | 19,006
| 31,273 | 43,980

Current loans and borrowings includes the following liabilities, on which security has been given by the company:

| 2025 £ | 2024 £
Bank borrowings | 31,273 | 24,974
Hire purchase and finance lease liabilities | - | 19,006
| 31,273 | 43,980

Bank borrowings are secured by fixed and floating charges over the company's assets.
Hire purchase and finance lease liabilities are secured on the assets to which they relate.

| 2025 £ | 2024 £
Non-current loans and borrowings
Bank borrowings | 289,840 | 361,893

Non-current loans and borrowings includes the following liabilities, on which security has been given by the company:

| 2025 £ | 2024 £
Bank borrowings | 289,840 | 361,893

Bank borrowings are secured by fixed and floating charges over the company's assets.
Hire purchase and finance lease liabilities are secured on the assets to which they relate.

Hillthwaite House Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

9 | Related party transactions

Transactions with directors

2025 | At 1 August 2024 £ | Advances £ | Repayments £ | Other payments £ | Dividends credited £ | Interest £ | At 31 July 2025 £
M E Sodeau
Advances | 83,492 | 120,086 | (11,590) | - | (90,000) | 2,700 | 104,688
V C E Sodeau
Advances | 83,492 | 123,217 | (14,962) | - | (90,000) | 2,941 | 104,688

2024 | At 1 August 2023 £ | Advances £ | Repayments £ | Other payments £ | Dividends credited £ | Interest £ | At 31 July 2024 £
M E Sodeau
Advances | 51,689 | 129,005 | (9,399) | - | (90,000) | 2,197 | 83,492
V C E Sodeau
Advances | 51,893 | 119,659 | - | - | (90,000) | 1,940 | 83,492

Directors' advances are repayable on demand.
Interest has been charged at a rate of 2.25% & 3.75% (2024 - 2.25%) on advances to directors.