Tally Ho Hospitality Ltd 11506901 false 2024-09-01 2025-08-31 2025-08-31 The principal activity of the company is Public House Digita Accounts Production Advanced 6.30.9574.0 true 11506901 2024-09-01 2025-08-31 11506901 2025-08-31 11506901 bus:OrdinaryShareClass1 2025-08-31 11506901 core:CurrentFinancialInstruments 2025-08-31 11506901 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 11506901 core:Non-currentFinancialInstruments 2025-08-31 11506901 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 11506901 core:Goodwill 2025-08-31 11506901 core:FurnitureFittingsToolsEquipment 2025-08-31 11506901 core:LandBuildings 2025-08-31 11506901 bus:SmallEntities 2024-09-01 2025-08-31 11506901 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 11506901 bus:FilletedAccounts 2024-09-01 2025-08-31 11506901 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 11506901 bus:RegisteredOffice 2024-09-01 2025-08-31 11506901 bus:Director1 2024-09-01 2025-08-31 11506901 bus:OrdinaryShareClass1 2024-09-01 2025-08-31 11506901 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 11506901 core:Goodwill 2024-09-01 2025-08-31 11506901 core:FurnitureFittingsToolsEquipment 2024-09-01 2025-08-31 11506901 core:LandBuildings 2024-09-01 2025-08-31 11506901 countries:England 2024-09-01 2025-08-31 11506901 2024-08-31 11506901 core:Goodwill 2024-08-31 11506901 core:FurnitureFittingsToolsEquipment 2024-08-31 11506901 core:LandBuildings 2024-08-31 11506901 2023-09-01 2024-08-31 11506901 2024-08-31 11506901 bus:OrdinaryShareClass1 2024-08-31 11506901 core:CurrentFinancialInstruments 2024-08-31 11506901 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 11506901 core:Non-currentFinancialInstruments 2024-08-31 11506901 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 11506901 core:Goodwill 2024-08-31 11506901 core:FurnitureFittingsToolsEquipment 2024-08-31 11506901 core:LandBuildings 2024-08-31 iso4217:GBP xbrli:pure xbrli:shares

Tally Ho Hospitality Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 August 2025
Registration number: 11506901

Tally Ho Hospitality Ltd

Contents

Statement of financial position | 1
Notes to the Unaudited Financial Statements | 2 to 6

Tally Ho Hospitality Ltd

(Registration number: 11506901)
Statement of financial position as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 1 | 1
Tangible assets | 5 | 297,544 | 296,866
|  | 297,545 | 296,867
Current assets |  |  |
Stocks | 6 | 8,191 | 6,934
Debtors | 7 | 3,210 | -
Cash at bank and in hand |  | 125,021 | 101,351
|  | 136,422 | 108,285
Creditors: Amounts falling due within one year | 8 | (84,325) | (93,444)
Net current assets |  | 52,097 | 14,841
Total assets less current liabilities |  | 349,642 | 311,708
Creditors: Amounts falling due after more than one year | 8 | (169,010) | (161,407)
Net assets |  | 180,632 | 150,301
Capital and reserves |  |  |
Called up share capital | 9 | 2 | 2
Retained earnings |  | 180,630 | 150,299
Shareholders' funds |  | 180,632 | 150,301

For the financial year ending 31 August 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income statement.

Approved and authorised by the Board on 30 March 2026 and signed on its behalf by:

......................................... Mrs K Joiner Director

Tally Ho Hospitality Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Tally Ho
Littlehempston
Totnes
Devon
TQ9 6LY

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Tally Ho Hospitality Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Asset class | Depreciation method and rate
Fixtures & Fittings | 25% Reducing Balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

Tally Ho Hospitality Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 September 2024 | 1 | 1
At 31 August 2025 | 1 | 1
Amortisation
Carrying amount
At 31 August 2025 | 1 | 1
At 31 August 2024 | 1 | 1

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 September 2024 | 286,300 | 43,338 | 329,638
Additions | - | 4,426 | 4,426
At 31 August 2025 | 286,300 | 47,764 | 334,064
Depreciation
At 1 September 2024 | - | 32,772 | 32,772
Charge for the year | - | 3,748 | 3,748
At 31 August 2025 | - | 36,520 | 36,520
Carrying amount
At 31 August 2025 | 286,300 | 11,244 | 297,544
At 31 August 2024 | 286,300 | 10,566 | 296,866

Included within the net book value of land and buildings above is £286,300 (2024 - £286,300) in respect of freehold land and buildings.

6 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 8,191 | 6,934

Tally Ho Hospitality Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 3,210 | -
| 3,210 | -

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 7,928 | 2,084
Taxation and social security | 22,922 | 38,259
Accruals and deferred income | 15,932 | 4,650
Other creditors | 37,543 | 48,451
| 84,325 | 93,444

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 169,010 | 161,407

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 2 | 2 | 2 | 2

Tally Ho Hospitality Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 169,010 | 161,407