REGISTERED NUMBER: 14133840 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 MAY 2024 TO 29 MAY 2025

FOR

L REES HOSPITALITY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L J D Rees

T W D Rees

SECRETARY:

REGISTERED OFFICE:

Cerbid House

Solva

Haverfordwest

SA62 6YE

REGISTERED NUMBER:

14133840 (England and Wales)

ACCOUNTANTS:

L M Griffiths & Co Limited

Chartered Certified Accountants

1&2 Merlins Court

Winch Lane

Haverfordwest

Pembrokeshire

SA61 1SB

FIXED ASSETS

Tangible assets

4

919,910

967,101

CURRENT ASSETS

Stocks

5,333

7,150

Debtors

5

9,872

14,197

Cash at bank and in hand

5,624

22,260

20,829

43,607

CREDITORS

Amounts falling due within one year

6

134,752

65,603

NET CURRENT LIABILITIES

(113,923

)

(21,996

)

TOTAL ASSETS LESS CURRENT LIABILITIES

805,987

945,105

CREDITORS

Amounts falling due after more than one year

7

(648,465

)

(581,001

)

ACCRUALS AND DEFERRED INCOME

(130,000

)

(130,000

)

NET ASSETS

27,522

234,104

CAPITAL AND RESERVES

Called up share capital

800,000

800,000

Retained earnings

(772,478

)

(565,896

)

27,522

234,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 May 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 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.

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 21 April 2026 and were signed on its behalf by:

L J D Rees - Director

1.	STATUTORY INFORMATION

L Rees Hospitality 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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 period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 22 (2024 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 31 May 2024

755,749

303,745

1,059,494

Additions

-

8,270

8,270

At 29 May 2025

755,749

312,015

1,067,764

DEPRECIATION

At 31 May 2024

-

92,393

92,393

Charge for period

-

55,461

55,461

At 29 May 2025

-

147,854

147,854

NET BOOK VALUE

At 29 May 2025

755,749

164,161

919,910

At 30 May 2024

755,749

211,352

967,101

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

9,872

14,197

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

32,330

-

Trade creditors

29,720

45,466

Taxation and social security

62,826

11,513

Other creditors

9,876

8,624

134,752

65,603

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

648,465

581,001

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 29 May 2025 and 30 May 2024:

2025

2024

£

£

L J D Rees

Balance outstanding at start of period

581,001

400,242

Amounts advanced

-

182,371

Amounts repaid

(318,001

)

(1,612

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

263,000

581,001

T W D Rees

Balance outstanding at start of period

-

-

Amounts advanced

385,465

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

385,465

-