IRIS Accounts Production v25.4.12.37 03719697 Board of Directors Board of Directors 1.6.24 31.5.25 31.5.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03719697 2024-05-31 03719697 2025-05-31 03719697 2024-06-01 2025-05-31 03719697 2023-05-31 03719697 2023-06-01 2024-05-31 03719697 2024-05-31 03719697 ns15:EnglandWales 2024-06-01 2025-05-31 03719697 ns14:PoundSterling 2024-06-01 2025-05-31 03719697 ns10:Director1 2024-06-01 2025-05-31 03719697 ns10:Director2 2024-06-01 2025-05-31 03719697 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 03719697 ns10:SmallEntities 2024-06-01 2025-05-31 03719697 ns10:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 03719697 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-05-31 03719697 ns10:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 03719697 ns10:FullAccounts 2024-06-01 2025-05-31 03719697 1 2024-06-01 2025-05-31 03719697 ns10:Director3 2024-06-01 2025-05-31 03719697 ns10:CompanySecretary1 2024-06-01 2025-05-31 03719697 ns10:RegisteredOffice 2024-06-01 2025-05-31 03719697 ns5:CurrentFinancialInstruments 2025-05-31 03719697 ns5:CurrentFinancialInstruments 2024-05-31 03719697 ns5:Non-currentFinancialInstruments 2025-05-31 03719697 ns5:Non-currentFinancialInstruments 2024-05-31 03719697 ns5:ShareCapital 2025-05-31 03719697 ns5:ShareCapital 2024-05-31 03719697 ns5:RetainedEarningsAccumulatedLosses 2025-05-31 03719697 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 03719697 ns5:NetGoodwill 2024-06-01 2025-05-31 03719697 ns5:IntangibleAssetsOtherThanGoodwill 2024-06-01 2025-05-31 03719697 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-06-01 2025-05-31 03719697 ns5:PlantMachinery 2024-06-01 2025-05-31 03719697 ns5:FurnitureFittings 2024-06-01 2025-05-31 03719697 ns5:MotorVehicles 2024-06-01 2025-05-31 03719697 ns5:ComputerEquipment 2024-06-01 2025-05-31 03719697 ns5:NetGoodwill 2024-05-31 03719697 ns5:NetGoodwill 2025-05-31 03719697 ns5:NetGoodwill 2024-05-31 03719697 ns5:LandBuildings 2024-05-31 03719697 ns5:PlantMachinery 2024-05-31 03719697 ns5:FurnitureFittings 2024-05-31 03719697 ns5:LandBuildings 2024-06-01 2025-05-31 03719697 ns5:LandBuildings 2025-05-31 03719697 ns5:PlantMachinery 2025-05-31 03719697 ns5:FurnitureFittings 2025-05-31 03719697 ns5:LandBuildings 2024-05-31 03719697 ns5:PlantMachinery 2024-05-31 03719697 ns5:FurnitureFittings 2024-05-31 03719697 ns5:MotorVehicles 2024-05-31 03719697 ns5:ComputerEquipment 2024-05-31 03719697 ns5:MotorVehicles 2025-05-31 03719697 ns5:ComputerEquipment 2025-05-31 03719697 ns5:MotorVehicles 2024-05-31 03719697 ns5:ComputerEquipment 2024-05-31 03719697 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-05-31 03719697 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-05-31 03719697 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2025-05-31 03719697 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2024-05-31 03719697 ns5:Secured 2025-05-31 03719697 ns5:Secured 2024-05-31

REGISTERED NUMBER: 03719697 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MAY 2025 |

| FOR |

| ROSEMUNDY HOUSE HOTEL LIMITED |

ROSEMUNDY HOUSE HOTEL LIMITED (REGISTERED NUMBER: 03719697)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

ROSEMUNDY HOUSE HOTEL LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | D Faulkner

| K N Faulkner

| M P Faulkner

| SECRETARY: | D Faulkner

| REGISTERED OFFICE: | 5/7 Berry Road

| Newquay

| Cornwall

| TR7 1AD

| REGISTERED NUMBER: | 03719697 (England and Wales)

| ACCOUNTANTS: | Whitakers

| Bryndon House

| 5/7 Berry Road

| Newquay

| Cornwall

| TR7 1AD

ROSEMUNDY HOUSE HOTEL LIMITED (REGISTERED NUMBER: 03719697)

BALANCE SHEET

31 MAY 2025

| 31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 2,677,779 |  | 2,503,521 |  |

2,677,779 |  | 2,503,521 |  |

CURRENT ASSETS

Stocks | 7,335 |  | 3,050 |  |

Debtors | 6 | 20,154 |  | 3,533 |  |

Cash at bank and in hand | 69,518 |  | 125,620 |  |

97,007 |  | 132,203 |  |

CREDITORS

Amounts falling due within one year | 7 | 290,346 |  | 293,383 |  |

NET CURRENT LIABILITIES | (193,339 | ) | (161,180 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,484,440 |  | 2,342,341 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (707,335 | ) | (730,638 | ) |

PROVISIONS FOR LIABILITIES | (4,075 | ) | (6,713 | ) |

NET ASSETS | 1,773,030 |  | 1,604,990 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 1,773,028 |  | 1,604,988 |  |

SHAREHOLDERS' FUNDS | 1,773,030 |  | 1,604,990 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ROSEMUNDY HOUSE HOTEL LIMITED (REGISTERED NUMBER: 03719697)

BALANCE SHEET - continued

31 MAY 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2026 and were signed on its behalf by:

K N Faulkner - Director

M P Faulkner - Director

ROSEMUNDY HOUSE HOTEL LIMITED (REGISTERED NUMBER: 03719697)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Rosemundy House Hotel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover represents net invoiced sales of goods and services excluding value added tax.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 1999, has been fully amortised.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | No depreciation

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 15% on reducing balance

| No depreciation is charged in respect of the company's freehold property, as it is the company's policy to maintain it's freehold premises in such a continual state of good repair, that the value is not adversely affected by the passage of time.

| Consequently, the directors are of the opinion that the residual value of the freehold property will be at least it's historical cost, and that any charge for depreciation would therefore be negligiable.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

ROSEMUNDY HOUSE HOTEL LIMITED (REGISTERED NUMBER: 03719697)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 36 (2024 - 32 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 40,000 |  |

| AMORTISATION

| At 1 June 2024

| and 31 May 2025 | 40,000 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  |

| At 31 May 2024 | - |  |

ROSEMUNDY HOUSE HOTEL LIMITED (REGISTERED NUMBER: 03719697)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures

| Freehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 June 2024 | 2,449,788 |  | 181,821 |  | 230,560 |  |

| Additions | 187,576 |  | 18,641 |  | 550 |  |

| Disposals | - |  | (109,184 | ) | (117,298 | ) |

| At 31 May 2025 | 2,637,364 |  | 91,278 |  | 113,812 |  |

| DEPRECIATION

| At 1 June 2024 | - |  | 160,311 |  | 218,005 |  |

| Charge for year | - |  | 5,019 |  | 1,060 |  |

| Eliminated on disposal | - |  | (101,877 | ) | (111,261 | ) |

| At 31 May 2025 | - |  | 63,453 |  | 107,804 |  |

| NET BOOK VALUE

| At 31 May 2025 | 2,637,364 |  | 27,825 |  | 6,008 |  |

| At 31 May 2024 | 2,449,788 |  | 21,510 |  | 12,555 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024 | 23,405 |  | 36,898 |  | 2,922,472 |  |

| Additions | - |  | - |  | 206,767 |  |

| Disposals | (23,405 | ) | (16,887 | ) | (266,774 | ) |

| At 31 May 2025 | - |  | 20,011 |  | 2,862,465 |  |

| DEPRECIATION

| At 1 June 2024 | 13,533 |  | 27,102 |  | 418,951 |  |

| Charge for year | - |  | 2,140 |  | 8,219 |  |

| Eliminated on disposal | (13,533 | ) | (15,813 | ) | (242,484 | ) |

| At 31 May 2025 | - |  | 13,429 |  | 184,686 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  | 6,582 |  | 2,677,779 |  |

| At 31 May 2024 | 9,872 |  | 9,796 |  | 2,503,521 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Prepayments and accrued income | 20,154 |  | 3,533 |  |

ROSEMUNDY HOUSE HOTEL LIMITED (REGISTERED NUMBER: 03719697)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans and overdrafts | 67,827 |  | 88,500 |  |

| Trade creditors | 22,496 |  | 18,531 |  |

| Pension liability | 937 |  | 1,940 |  |

| Tax | 70,296 |  | 54,770 |  |

| Social security and other taxes | 3,310 |  | 3,160 |  |

| VAT | 52,834 |  | 46,924 |  |

| Other creditors | 60,528 |  | 61,546 |  |

| Directors' current accounts | 1,759 |  | 199 |  |

| Accruals and deferred income | 10,359 |  | 17,813 |  |

290,346 |  | 293,383 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans - 1-2 years | 233,809 |  | - |  |

| Bank loan over 5 years | 473,526 |  | 730,638 |  |

707,335 |  | 730,638 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loan over 5 years | 473,526 |  | 730,638 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans | 775,162 |  | 819,138 |  |

10. | RELATED PARTY DISCLOSURES

| The company charged rent of £24,000 (2024 - £24,000) to Lowenac Hotel Limited, a company in which Mr D Faulkner has a 50% interest.

| At 31 May 2025, the company owed £27,903 (2024 - £2,903) to Lowenac Hotel Limited, a company controlled by Mr D Faulkner, Mr K N Faulkner and Mr M P Faulkner, with the balance being repayable on demand.

11. | ULTIMATE CONTROLLING PARTY

| The company is controlled by it's director, Mr D Faulkner, by virtue of the fact that he owns one hundred percent of the company's ordinary issued share capital