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REGISTERED NUMBER: 09338306 (England and Wales)

Financial Statements for the Year Ended 30 September 2025

for

The Grand @ Grasmere Limited

The Grand @ Grasmere Limited (Registered number: 09338306)

Contents of the Financial Statements

for the Year Ended 30 September 2025

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

The Grand @ Grasmere Limited

Company Information

for the Year Ended 30 September 2025

| DIRECTORS: | Mr R J Webb

| Mrs A J Webb

| REGISTERED OFFICE: | Grand Hotel

| South Promeande

| Lytham St Annes

| Lancashire

| FY8 1NB

| REGISTERED NUMBER: | 09338306 (England and Wales)

| AUDITORS: | Ashworth Treasure Limited

| Statutory Auditors

| 17-19 Park Street

| Lytham

| Lancashire

| FY8 5LU

The Grand @ Grasmere Limited (Registered number: 09338306)

Abridged Balance Sheet

30 September 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 3,792,071 |  | 3,806,088 |  |

3,792,071 |  | 3,806,088 |  |

CURRENT ASSETS

Stocks | 24,604 |  | 24,096 |  |

Debtors | 13,580 |  | 6,706 |  |

Cash at bank and in hand | 52,169 |  | 59,583 |  |

90,353 |  | 90,385 |  |

CREDITORS

Amounts falling due within one year | 1,736,003 |  | 1,774,822 |  |

NET CURRENT LIABILITIES | (1,645,650 | ) | (1,684,437 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,146,421 |  | 2,121,651 |  |

CREDITORS

Amounts falling due after more than one year | 6 | (1,644,601 | ) | (1,685,823 | ) |

PROVISIONS FOR LIABILITIES | (222,776 | ) | (237,753 | ) |

NET ASSETS | 279,044 |  | 198,075 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Revaluation reserve | 569,731 |  | 569,731 |  |

Retained earnings | (291,687 | ) | (372,656 | ) |

SHAREHOLDERS' FUNDS | 279,044 |  | 198,075 |  |

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 March 2026 and were signed on its behalf by:

Mr R J Webb - Director

The Grand @ Grasmere Limited (Registered number: 09338306)

Notes to the Financial Statements

for the Year Ended 30 September 2025

1. | STATUTORY INFORMATION

| The Grand @ Grasmere 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

| Preparation of consolidated financial statements

| The financial statements contain information about The Grand @ Grasmere Limited as an individual company. As a subsidiary undertaking the financial information is included by full consolidation in the consolidated financial statements of it's parent company, Grand (St. Annes) Limited, a company registered in England.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover is recoginsed 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 trade discounts, rebates and VAT.

| Turnover includes room revenue, food and beverage sales and provision of leisure facilities. Revenue relating to guests staying at the hotel is recognised in line with the date of stay. Any deposits or vouchers paid for in advance are deferred on the balance sheet.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2015, was amortised evenly over its estimated useful life of five years. Goodwill has been fully amortised.

| Tangible fixed assets

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

| Fixtures and fittings | - | 20% on reducing balance and 10% on cost

| Motor vehicles | - | 25% on reducing balance

| Freehold land and buildings are initially stated at cost and subsequently at valuation. Fixtures and fittings are stated at cost less depreciation over expected useful lives. Cost represents purchase price together with any incidental costs of acquisition.

| Assets that have been revalued are subject to subsequent revaluations performed with sufficient regularity to ensure that the carrying amount does not differ materially from the fair value at the balance sheet date. The valuations are performed by a qualified external valuer.

| No depreciation is provided on freehold hotel properties at the balance sheet date. It is the company's practice to maintain these assets in a continual state of sound repair and to make regular improvements. Accordingly the directors consider that given that the lives of these assets are long, and residual values are high, that their depreciation is insignificant.

| Impairment of fixed assets

| A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

| For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

The Grand @ Grasmere Limited (Registered number: 09338306)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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 17 (2024 - 17 ) .

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 200,000 |  |

| AMORTISATION

| At 1 October 2024

| and 30 September 2025 | 200,000 |  |

| NET BOOK VALUE

| At 30 September 2025 | - |  |

| At 30 September 2024 | - |  |

The Grand @ Grasmere Limited (Registered number: 09338306)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST OR VALUATION

| At 1 October 2024 | 5,060,111 |  |

| Additions | 69,300 |  |

| At 30 September 2025 | 5,129,411 |  |

| DEPRECIATION

| At 1 October 2024 | 1,254,023 |  |

| Charge for year | 83,317 |  |

| At 30 September 2025 | 1,337,340 |  |

| NET BOOK VALUE

| At 30 September 2025 | 3,792,071 |  |

| At 30 September 2024 | 3,806,088 |  |

| Cost or valuation at 30 September 2025 is represented by:

| Totals

£ |

| Valuation in 2017 | 137,548 |  |

| Valuation in 2020 | 524,590 |  |

| Valuation in 2022 | 23,726 |  |

| Cost | 4,443,547 |  |

5,129,411 |  |

| If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 2,821,909 |  | 2,821,909 |  |

| Freehold land and buildings were valued on an open market basis on 10 March 2022 by Fleurets .

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |

2025 | 2024 |

£ | £ |

| Repayable by instalments

| Bank loans | 1,260,964 |  | 1,353,748 |  |

7. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 1,676,058 |  | 1,768,842 |  |

| The bank loan is secured by a legal charge over land and buildings, together with a debenture and cross guarantee between The Grand @ Grasmere Limited and Grand Hotel (St. Annes) Limited.

The Grand @ Grasmere Limited (Registered number: 09338306)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Victoria Reynolds (Senior Statutory Auditor)

| for and on behalf of Ashworth Treasure Limited

9. | CONTINGENT LIABILITIES

| The company has a composite guarantee structure with its bankers in respect of Grand Hotel (St. Annes) Limited. The amount of indebtedness as at 30 September 2025 of the Grand Hotel (St. Annes) Limited was £3,161,207 (2023: £3,336,209).