ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Company Registration Number: 05201495

BEACHES HOTEL LIMITED

FINANCIAL STATEMENTS

31 MARCH 2025

BEACHES HOTEL LIMITED

REGISTERED NUMBER: 05201495

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		2,765,972		2,900,403
			2,765,972		2,900,403
Current assets
Stocks	5	25,659		21,154
Debtors: amounts falling due within one year	6	94,508		104,204
Bank and cash balances		87,457		13,001
		207,624		138,359
Creditors: amounts falling due within one year	7	(4,628,416)		(4,242,403)
Net current liabilities			(4,420,792)		(4,104,044)
Total assets less current liabilities			(1,654,820)		(1,203,641)
Creditors: amounts falling due after more than one year	8		(244,064)		(285,100)
Provisions for liabilities
Deferred tax	10	(97,770)		(101,190)
			(97,770)		(101,190)
Net liabilities			(1,996,654)		(1,589,931)

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BEACHES HOTEL LIMITED

REGISTERED NUMBER: 05201495

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Capital and reserves
Called up share capital	11	1	1
Profit and loss account		(1,996,655)	(1,589,932)
		(1,996,654)	(1,589,931)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Kevin Fingleton

Director

Date: 23 December 2025

The notes on pages 3 to 14 form part of these financial statements.

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BEACHES HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Beaches Hotel Limited is a private company limited by shares incorporated in England and Wales. The Company’s registered number is 05201495. The Company trades from its registered office address at Beaches Hotel, Beach Road East, Prestatyn, Denbighshire, LL19 7LG.

These financial statements have been prepared in pounds sterling, rounded to the nearest pound, as this is the currency of the primary economic environment in which the Company operates.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

As at 31 March 2025 the Company had net liabilities amounting to £1,996,654 (2024 - £1,589,931). This is due to a balance of £4,204,295 (2024 - £3,879,748) due to the parent company. The parent company have confirmed they will continue to support Beaches Hotel Limited and will not demand repayment of this loan until the company is able to do so.

The hotel is ideally placed to capture the expected increase in local business and staycations. It also has a very strong loyal base of customers.

As part of their going concern review, the Directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements, taking account of possible downturns, the Company will have sufficient funds, through its cash reserves, group support where required and funding to meet its liabilities as they fall due for that period. The Directors are confident the company will have sufficient resources to meet all ongoing working capital requirements and committed capital expenditure requirements as they fall due.

Based on the above, the Directors believe that at the date of signing these financial statements that it remains appropriate to prepare the financial statements on a going concern basis.

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BEACHES HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover for the Company comprises the following:

Sale of food and drink – turnover from retail sales and the sales of food and beverages is recognised at the point of sale.

Rendering of services – turnover from room sales and other guest services is recognised when rooms are occupied and as services are provided.

Rental Income represents income from the provision of accommodation to staff. Income is recognised as it is earned.

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BEACHES HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

BEACHES HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.9

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property	-	2%	straight line
Plant and machinery	-	15%	straight line
Fixtures and fittings	-	15%	straight line

2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is 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.

Page 6

BEACHES HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.15

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

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BEACHES HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.17

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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BEACHES HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.17

Financial instruments (continued)

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Employees

The average monthly number of employees, including directors, during the year was 53 (2024 - 54).

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BEACHES HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

	Freehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	2,632,329	286,972	782,835	3,702,136
Additions	32,656	10,114	42,106	84,876
At 31 March 2025	2,664,985	297,086	824,941	3,787,012
Depreciation
At 1 April 2024	263,904	156,097	381,732	801,733
Charge for the year on owned assets	53,139	44,205	121,964	219,308
At 31 March 2025	317,043	200,302	503,696	1,021,041
Net book value
At 31 March 2025	2,347,942	96,784	321,245	2,765,971
At 31 March 2024	2,368,424	130,875	401,103	2,900,402

There is an Unlimited Multilateral Agreement in place with the group's Bankers; securing all assets against a Debenture held within associated company The Hydropathic Hotel (Pitlochry) Limited.

This includes; a Fixed Charge over all present freehold and leasehold property; a First Fixed Charge over book and other debts, chattels, goodwill, and uncalled capital, both present and future; and a First Floating Charge over all assets and undertakings both present and future.

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BEACHES HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Stocks
		2025	2024
		£	£

Finished goods and goods for resale	25,659	21,154
	25,659	21,154

Debtors

					2025	2024
					£	£


Trade debtors	58,009	79,371
Amounts owed by group undertakings	8,246	11,296
Other debtors	25,784	11,186
Prepayments and accrued income	2,469	2,351
	94,508	104,204

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	44,173	44,173
Trade creditors	120,648	76,617
Amounts owed to group undertakings	4,204,295	3,879,748
Other taxation and social security	67,763	33,901
Other creditors	26,298	21,763
Accruals and deferred income	165,239	186,201
	4,628,416	4,242,403

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	244,064	285,100
	244,064	285,100

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BEACHES HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Amounts falling due within one year
Bank loans	44,173	44,173
	44,173	44,173
Amounts falling due 1-2 years
Bank loans	88,345	88,345
	88,345	88,345
Amounts falling due 2-5 years
Bank loans	132,518	132,518
	132,518	132,518
Amounts falling due after more than 5 years
Bank loans	23,201	64,238
	23,201	64,238
	288,237	329,274

The loan balance is repayable in monthly instalments. The loan is subject to a minimum annual rate of interest of 4%. The loan will be fully repaid in 2030.

10.	Deferred taxation

		2025
		£

	At beginning of year	(101,190)
	Charged to profit or loss	3,420
	At end of year	(97,770)

Page 12

BEACHES HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Fixed asset timing differences	(98,316)	(101,312)
Short term timing differences	546	122
	(97,770)	(101,190)

11.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £1.00	1	1

12.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £26,011 (2024 - £24,077). Contributions totalling £2,186 (2024 - £2,442) were payable to the fund at the reporting date and are included in creditors.

13.

Related party transactions

The Company has taken the exemption available under FRS 102 not to disclose the transactions with other group companies as all wholly owned subsidiaries are included within the Consolidated Financial Statements which are available from the registered office.

During the year, the company recharged expenses of £738 (2024 - £20,724) to companies under common control and were provided intercompany loans of £1,535 (2024 - £Nil).

At 31 March 2025, the company was owed monies from companies under common control of £8,246 (2024 - £11,296)

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BEACHES HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

14.	Controlling party

The Company’s parent undertaking at the balance sheet date was The Hydropathic Hotel Pitlochry Limited.

The Company’s results are included within the consolidated accounts of The Hydropathic Hotel Pitlochry Limited and these can be found on www.companieshouse.gov.uk. Their registered address is Atholl Palace Hotel, Pitlochry, Perthshire, PH16 5LY.

It is the opinion of the Directors that there is no ultimate controlling party.

15.	Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 23 December 2025 by Martin Johnston CA (Senior Statutory Auditor) on behalf of Armstrong Watson Audit Limited.

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