ABERYSTWYTH PARK LODGE LTD


Director	MORGANS, John Daniel Vincent


Company Secretary	MORGANS, Alison


Registered Address	Aberystwyth Park Lodge Hotel
	Parc Y Llyn
	Aberystwyth
	SY23 3TL


Registered Number	03399021 (England and Wales)

Balance Sheet as at
30 November 2025

	Notes	30 Nov 2025		31 Jul 2024
		£	£	£	£
Fixed assets
Tangible assets	3		4,025,150		3,986,764
			4,025,150		3,986,764
Current assets
Stocks	4	35,000		25,500
Debtors		111,202		46,196
Cash at bank and on hand		6,036		2,123
		152,238		73,819
Creditors amounts falling due within one year	5	(1,455,119)		(1,316,741)
Net current assets (liabilities)			(1,302,881)		(1,242,922)
Total assets less current liabilities			2,722,269		2,743,842
Creditors amounts falling due after one year	6		(1,900,504)		(1,955,319)
Net assets			821,765		788,523
Capital and reserves
Called up share capital			100		100
Profit and loss account			821,665		788,423
Shareholders' funds			821,765		788,523

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 22 May 2026, and are signed on its behalf by:

MORGANS, John Daniel Vincent
Director
Registered Company No. 03399021

ABERYSTWYTH PARK LODGE LTD

Notes to the Financial Statements
for the period ended 30 November 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.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	15	-
Fixtures and fittings	15	-
Vehicles	25	-

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	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.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	45		45

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 August 24	4,390,720	124,713	122,963	1,489,372	6,127,768
Additions	84,000	137,149	-	6,835	227,984
At 30 November 25	4,474,720	261,862	122,963	1,496,207	6,355,752
Depreciation and impairment
At 01 August 24	943,648	34,561	101,239	1,061,556	2,141,004
Charge for year	71,808	28,314	10,567	78,909	189,598
At 30 November 25	1,015,456	62,875	111,806	1,140,465	2,330,602
Net book value
At 30 November 25	3,459,264	198,987	11,157	355,742	4,025,150
At 31 July 24	3,447,072	90,152	21,724	427,816	3,986,764

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	35,000	25,500
Total	35,000	25,500

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	310,087	148,851
Bank borrowings and overdrafts	77,881	90,591
Amounts owed to related parties	601,056	543,319
Taxation and social security	132,163	93,772
Finance lease and HP contracts	41,860	40,740
Other creditors	162,104	266,920
Accrued liabilities and deferred income	129,968	132,548
Total	1,455,119	1,316,741

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,843,670	1,925,319
Other creditors	56,834	30,000
Total	1,900,504	1,955,319


	SECURED DEBTS Bank loans are in the sum of £1,843,670 for 2025 (2024 - £1,925,319) with first legal charge over Aberystwyth Park Lodge Hotel, Parc y Llyn, Aberystwyth, SY23 3TL.

7.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	98,694		70,740

8.	Share capital
	Allotted, called up and fully paid: 100 Ordinary shares of £1 each

9.	Related party transactions
	The Company owed the director, Mr J D V Morgans £144,120 as at 30/11/2025 (2024 - £245,724). No interest is charged. The directors, Mr J D V Morgans is the director of Morgans Holdings Ltd, Morgans Developments Ltd and Morgans Properties Ltd. At 30/11/2025, the Company owed Morgans Holdings Ltd £403,531, Morgans Properties Ltd £197,525 and Morgans Developments Ltd owed the Company £62,892. Morgans Developments Ltd also provided construction services for the Company during the year, all transactions were under normal trading terms and conditions and were charged at full market value.

Related party transactions

The Company owed the director, Mr J D V Morgans £144,120 as at 30/11/2025 (2024 - £245,724). No interest is charged.

The directors, Mr J D V Morgans is the director of Morgans Holdings Ltd, Morgans Developments Ltd and Morgans Properties Ltd. At 30/11/2025, the Company owed Morgans Holdings Ltd £403,531, Morgans Properties Ltd £197,525 and Morgans Developments Ltd owed the Company £62,892.
Morgans Developments Ltd also provided construction services for the Company during the year, all transactions were under normal trading terms and conditions and were charged at full market value.

10.	Controlling party
	In the opinion of the Director, the ultimate controlling party of the Company is Mr J D V Morgans by virtue of his 85% shareholding.