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Company No: 15446174 (England and Wales)

# WHITE HART HOTEL (DARTMOOR) LIMITED

### Unaudited Financial Statements
For the financial period from 27 January 2024 to 30 April 2025
Pages for filing with the registrar

WHITE HART HOTEL (DARTMOOR) LIMITED

## Unaudited Financial Statements

For the financial period from 27 January 2024 to 30 April 2025

Contents

WHITE HART HOTEL (DARTMOOR) LIMITED

## COMPANY INFORMATION

For the financial period from 27 January 2024 to 30 April 2025
WHITE HART HOTEL (DARTMOOR) LIMITED

## COMPANY INFORMATION (continued)

For the financial period from 27 January 2024 to 30 April 2025

Directors | A R Jackson (Appointed 27 January 2024)
| E A Jackson (Appointed 27 January 2024)
| J W Jackson (Appointed 27 January 2024)

Registered office | White Hart Hotel
| The Square
| Moretonhampstead
| TQ13 8NF
| United Kingdom

Company number | 15446174 (England and Wales)

Accountant | Kreston Reeves LLP
| Springfield House
| Springfield Road
| Horsham
| West Sussex
| RH12 2RG

WHITE HART HOTEL (DARTMOOR) LIMITED

## BALANCE SHEET

As at 30 April 2025
WHITE HART HOTEL (DARTMOOR) LIMITED

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 30.04.2025
|  | £
Fixed assets |  |
Intangible assets | 3 | 5,500
Tangible assets | 4 | 2,020,068
|  | 2,025,568
Current assets |  |
Stocks | 5 | 11,985
Debtors | 6 | 33,555
Cash at bank and in hand | 7 | 28,721
|  | 74,261
Creditors: amounts falling due within one year | 8 | ( 1,943,572)
Net current liabilities |  | (1,869,311)
Total assets less current liabilities |  | 156,257
Creditors: amounts falling due after more than one year | 9 | ( 568,052)
Net liabilities |  | ( 411,795)
Capital and reserves |  |
Called-up share capital | 10 | 100
Profit and loss account |  | ( 411,895 )
Total shareholders' deficit |  | ( 411,795)

For the financial period ending 30 April 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 financial statements for the financial period in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of White Hart Hotel (Dartmoor) Limited (registered number: 15446174) were approved and authorised for issue by the Board of Directors on 16 January 2026. They were signed on its behalf by:

A R Jackson Director |

WHITE HART HOTEL (DARTMOOR) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 27 January 2024 to 30 April 2025
WHITE HART HOTEL (DARTMOOR) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 27 January 2024 to 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

##### General information and basis of accounting

White Hart Hotel (Dartmoor) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The company's registered number is 15446174. The address of the Company's registered office is White Hart Hotel, The Square, Moretonhampstead, Dartmoor, TQ13 8NF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £411,795. The Company is supported through loans from the directors. The directors have confirmed that based on these accounts, the current shareholdings and projected turnover and expenditure they anticipate the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so 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.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs | 3 years straight line

###### Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Plant and machinery | 5 years straight line
Fixtures and fittings | 5 years straight line
Office equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
The directors consider that the residual value of the freehold property is at least equal to the valuation and therefore no depreciation is charged on the land and buildings.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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 deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| Period from 27.01.2024 to 30.04.2025
| Number
Monthly average number of persons employed by the Company during the period, including directors | 24

#### 3. Intangible assets

| Website costs |  | Total
| £ |  | £
Cost |  |  |
At 27 January 2024 | 0 |  | 0
Additions | 6,000 |  | 6,000
At 30 April 2025 | 6,000 |  | 6,000
Accumulated amortisation |  |  |
At 27 January 2024 | 0 |  | 0
Charge for the financial period | 500 |  | 500
At 30 April 2025 | 500 |  | 500
Net book value |  |  |
At 30 April 2025 | 5,500 |  | 5,500

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 27 January 2024 | 0 |  | 0 |  | 0 |  | 0 |  | 0
Additions | 1,390,885 |  | 25,234 |  | 726,868 |  | 6,210 |  | 2,149,197
At 30 April 2025 | 1,390,885 |  | 25,234 |  | 726,868 |  | 6,210 |  | 2,149,197
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 27 January 2024 | 0 |  | 0 |  | 0 |  | 0 |  | 0
Charge for the financial period | 0 |  | 4,431 |  | 122,489 |  | 2,209 |  | 129,129
At 30 April 2025 | 0 |  | 4,431 |  | 122,489 |  | 2,209 |  | 129,129
Net book value |  |  |  |  |  |  |  |  |
At 30 April 2025 | 1,390,885 |  | 20,803 |  | 604,379 |  | 4,001 |  | 2,020,068

During the period, the company has purchased a hotel and four further properties. There was a period of refurbishment to the hotel before it re-opened to the public hence the large additions and cost in this period.

#### 5. Stocks

| 30.04.2025
| £
Stocks | 11,985

#### 6. Debtors

| 30.04.2025
| £
Trade debtors | 1,518
Prepayments | 31,937
Other debtors | 100
| 33,555

#### 7. Cash and cash equivalents

| 30.04.2025
| £
Cash at bank and in hand | 28,721

#### 8. Creditors: amounts falling due within one year

| 30.04.2025
| £
Bank loans (secured) | 23,232
Trade creditors | 69,673
Amounts owed to directors | 1,790,133
Accruals | 10,736
Other taxation and social security | 12,630
Other creditors | 37,168
| 1,943,572

The bank loan is secured against the assets and property of the company. The loan was used to purchase the four additional properties in February 2025.

#### 9. Creditors: amounts falling due after more than one year

| 30.04.2025
| £
Other loans (secured) | 568,052

The bank loan is secured against the assets and property of the company. The loan was used to purchase the four additional properties in February 2025.
The loan is repayable over 15 years so there is an amount included in the above figure that is repayable after five years. This is highlighted below.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

| 30.04.2025
| £
Other loans (secured) | 457,078

#### 10. Called-up share capital

| 30.04.2025
| £
Allotted, called-up and fully-paid |
100 Ordinary shares of £ 1.00 each | 100

#### 11. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. 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 £6,022. Contributions totalling £891 were payable to the fund at the balance sheet date and are included in creditors.

#### 12. Related party transactions

Transactions with the entity's directors

During the period, the director, A R Jackson, has provided an interest free loan to the Company. At the period end, the amount due to A R Jackson from the company was £1,790,133 and is included in creditors.