Tauber-Hands Limited


Directors	Mrs G A Hands
	Ms N Hands
	Mr P J Hands


Company Secretary	Mrs G A Hands


Registered Address	The Speech House Hotel
	Speech House Road
	Coleford
	GL16 7EL


Registered Number	01906926 (England and Wales)

Notes to the Financial Statements
for the year ended 31 May 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	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. The following criteria must also be met before revenue is recognised. Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably. Revenue from the sale of goods is recognised when all of the following conditions are satisfied:- - the company has transferred the significant risks and rewards of ownership to the buyer; - the company retains no continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; - the amount of revenue can be measured reliably; - it is probable that the company will receive the consideration due under the transaction; and - the costs incurred or to be incurred in respect the transaction can be measured reliably.

Turnover policy

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. The following criteria must also be met before revenue is recognised.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all the following conditions are satisfied:

-     the amount of revenue can be measured reliably;

-     it is probable that the company will receive the consideration due under the contract;

-     the stage of completion of the contract at the end of the period can be measured reliably; and

-     the costs incurred and the costs to complete the contract can be measured reliably.

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:- 

-     the company has transferred the significant risks and rewards of ownership to the buyer;

-     the company retains no continuing managerial involvement to the degree usually associated with
 ownership nor effective control over the goods sold; 

-     the amount of revenue can be measured reliably; 

-     it is probable that the company will receive the consideration due under the transaction; and

-     the costs incurred or to be incurred in respect the transaction can be measured reliably.

	Employee benefits
	The company operates a defined contributions 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 Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contributions 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 Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be five years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	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. Freehold property under the revaluation model is measured at fair value at the date of revaluation, based on market evidence and professional valuations, less any subsequent accumulated depreciation and impairment losses. Revaluations are carried out with sufficient regularity to ensure the carrying amount does not differ materially from fair value at the reporting date. Gains arising on revaluation are recognised in other comprehensive income and accumulated in equity under the revaluation reserve, except to the extent that they reverse a previous revaluation decrease recognised in profit or loss, in which case the gain is recognised in profit or loss. Losses on revaluation are recognised in profit or loss, except to the extent that they offset a previously recognised revaluation surplus on the same asset, in which case they are recognised in other comprehensive income, reducing the revaluation reserve. Depreciation is charged on the revalued amount of the asset over its estimated useful life, with the residual value and useful life reviewed at each reporting date. 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: Land - Not depreciated Freehold property - 50 years straight line Fixtures and fittings - 4-5 years straight line The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Tangible fixed assets and depreciation

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.

Freehold property under the revaluation model is measured at fair value at the date of revaluation, based on market evidence and professional valuations, less any subsequent accumulated depreciation and impairment losses. Revaluations are carried out with sufficient regularity to ensure the carrying amount does not differ materially from fair value at the reporting date.

Gains arising on revaluation are recognised in other comprehensive income and accumulated in equity under the revaluation reserve, except to the extent that they reverse a previous revaluation decrease recognised in profit or loss, in which case the gain is recognised in profit or loss. Losses on revaluation are recognised in profit or loss, except to the extent that they offset a previously recognised revaluation surplus on the same asset, in which case they are recognised in other comprehensive income, reducing the revaluation reserve.

Depreciation is charged on the revalued amount of the asset over its estimated useful life, with the residual value and useful life reviewed at each reporting date.

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:

Land - Not depreciated
Freehold property - 50 years straight line
Fixtures and fittings - 4-5 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other 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.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	77		74

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 June 24	180,000	180,000
At 31 May 25	180,000	180,000
Amortisation and impairment
At 01 June 24	180,000	180,000
At 31 May 25	180,000	180,000
Net book value
At 31 May 25	-	-
At 31 May 24	-	-

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 June 24	2,021,353	36,379	554,847	11,131	2,623,710
Additions	-	-	3,330	-	3,330
Revaluations	858,971	-	-	-	858,971
At 31 May 25	2,880,324	36,379	558,177	11,131	3,486,011
Depreciation and impairment
At 01 June 24	360,324	4,246	430,114	6,971	801,655
Charge for year	50,195	6,927	13,723	2,764	73,609
At 31 May 25	410,519	11,173	443,837	9,735	875,264
Net book value
At 31 May 25	2,469,805	25,206	114,340	1,396	2,610,747
At 31 May 24	1,661,029	32,133	124,733	4,160	1,822,055


	The company’s freehold property was revalued on 13 January 2023 by a qualified valuer using the market value on an open and ready to trade basis. Fair value was based on recent market evidence for similar properties, adjusted for location, size, condition, and remaining useful life. The directors consider that the carrying amounts at the reporting date do not differ materially from fair value.

5.	Stocks

	2025	2024
	£	£
Other stocks	26,409	23,752
Total	26,409	23,752

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	19,059	10,091
Other debtors	24,164	13,997
Prepayments and accrued income	5,212	5,959
Total	48,435	30,047

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	48,539	50,012
Bank borrowings and overdrafts	28,873	28,350
Taxation and social security	112,531	97,723
Other creditors	216,624	203,063
Accrued liabilities and deferred income	99,763	75,402
Total	506,330	454,550

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	579,319	607,329
Other creditors	303,115	305,595
Total	882,434	912,924


	Repayable by instalments:- Mortgage due in more than 5 years - £458,819 (2024 - £473,451) Repayable other than by instalments:- Debentures due in more than 5 years - £118,800 (2024 - £118,800) Other loans due in more than 5 years - £100,000 (2024 - £100,000) The debenture loan of £118,800 bears interest at 10% per annum and is considered payable after 5 years. The other loan of £100,000 bears interest at 4% per annum and is considered payable after 5 years.

Repayable by instalments:-

Mortgage due in more than 5 years - £458,819 (2024 - £473,451)

Repayable other than by instalments:-

Debentures due in more than 5 years - £118,800 (2024 - £118,800)
Other loans due in more than 5 years - £100,000 (2024 - £100,000)

The debenture loan of £118,800 bears interest at 10% per annum and is considered payable after 5 years.

The other loan of £100,000 bears interest at 4% per annum and is considered payable after 5 years.

9.	Secured creditors
	The company had bank and other loans totalling £725,306 (2024 - £753,902) which were secured against the assets of the company.

10.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	220,458	-
Total	220,458	-

11.	Directors advances, credits and guarantees
	The directors of the company have provided a personal guarantee in respect of the company's liabilities of £100,000 (2024 - £100,000).

12.	Revaluation reserve


		£
	Revaluations of plant, property and equipment	858,972
	Deferred Tax on Revaluations	(163,205)
	At 31 May 25	695,767

13.	Related party transactions
	During the year the company operated loan accounts with the directors of the company. The amount due to them at the year end was £164,871 (2024 - £156,224). These loans are interest free and repayable on demand.

14.	Description of reasons for any change in chosen formats of the financial statements
	During the year, the company changed its accounting policy for measuring freehold property from the cost model to the revaluation model in accordance with FRS 102 Section 17. The change provides more relevant and reliable information about the fair value of the company’s property. The effect of the change on the opening balances of equity and reserves is recognised in the revaluation reserve, with no impact on retained earnings.

14.

Description of reasons for any change in chosen formats of the financial statements

During the year, the company changed its accounting policy for measuring freehold property from the cost model to the revaluation model in accordance with FRS 102 Section 17. The change provides more relevant and reliable information about the fair value of the company’s property. The effect of the change on the opening balances of equity and reserves is recognised in the revaluation reserve, with no impact on retained earnings.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		2,610,747		1,822,055
			2,610,747		1,822,055
Current assets
Stocks	5	26,409		23,752
Debtors	6	48,435		30,047
Current asset investments		743		591
Cash at bank and on hand		149,008		186,137
		224,595		240,527
Creditors amounts falling due within one year	7	(506,330)		(454,550)
Net current assets (liabilities)			(281,735)		(214,023)
Total assets less current liabilities			2,329,012		1,608,032
Creditors amounts falling due after one year	8		(882,434)		(912,924)
Provisions for liabilities	10		(220,458)		-
Net assets			1,226,120		695,108
Capital and reserves
Called up share capital			75,000		75,000
Share premium			275,000		275,000
Revaluation reserve			695,767		-
Other reserves			35,000		35,000
Profit and loss account			145,353		310,108
Shareholders' funds	12		1,226,120		695,108