REGISTERED NUMBER: 03258579 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Petwood Hotel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms E Brealey

G Kane

REGISTERED OFFICE:

The Petwood Hotel

Stixwould Road

Woodhall Spa

Lincolnshire

LN10 6QG

REGISTERED NUMBER:

03258579 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Northgate House

Northgate

Sleaford

Lincolnshire

NG34 7BZ

FIXED ASSETS

Tangible assets

4

3,503,698

3,392,096

CURRENT ASSETS

Stocks

31,053

29,315

Debtors

5

142,471

109,177

Cash at bank and in hand

377,585

529,985

551,109

668,477

CREDITORS

Amounts falling due within one year

6

1,125,139

1,093,994

NET CURRENT LIABILITIES

(574,030

)

(425,517

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,929,668

2,966,579

CREDITORS

Amounts falling due after more than one year

7

(867,738

)

(959,174

)

PROVISIONS FOR LIABILITIES

(35,538

)

(13,907

)

NET ASSETS

2,026,392

1,993,498

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

2,025,392

1,992,498

SHAREHOLDERS' FUNDS

2,026,392

1,993,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 25 June 2026 and were signed on its behalf by:

Ms E Brealey - Director

1.	STATUTORY INFORMATION

Petwood 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 is recognised as earned when and to the extent that the company obtains the right to consideration in exchange for its performance. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, excluding value added tax. Amounts received as deposits for future events are recorded as turnover in the period in which the event takes place, unless there is a right to retain the deposit in the event of cancellation by the customer.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

10% on cost

Freehold land and buildings are included in the financial statements at their fair value. For the purposes of these accounts, hotel freehold property is defined as the freehold property in its existing use and present condition as a fully equipped and operational entity. Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the period end. The difference between the revalued amount and the historical costs is credited or debited to the revaluation reserve.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred if the replacement item is expected to provide incremental future benefits to the company. The carrying amount of the replaced item is derecognised. Repairs and maintenance are charged to the statement of comprehensive income in the period in which they are incurred.

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.Deferred tax relating to revalued assets shall be measured using the tax rates and allowances that apply to the sale of the asset.

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 118 (2024 - 100 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Land and

to

Plant and

Buildings

property

machinery

£

£

£

COST

At 1 October 2024

3,300,000

6,250

73,007

Additions

-

77,604

24,354

At 30 September 2025

3,300,000

83,854

97,361

DEPRECIATION

At 1 October 2024

-

1,563

42,569

Charge for year

-

8,122

2,561

At 30 September 2025

-

9,685

45,130

NET BOOK VALUE

At 30 September 2025

3,300,000

74,169

52,231

At 30 September 2024

3,300,000

4,687

30,438

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2024

32,766

129,932

3,541,955

Additions

13,936

8,214

124,108

At 30 September 2025

46,702

138,146

3,666,063

DEPRECIATION

At 1 October 2024

5,776

99,951

149,859

Charge for year

1,333

490

12,506

At 30 September 2025

7,109

100,441

162,365

NET BOOK VALUE

At 30 September 2025

39,593

37,705

3,503,698

At 30 September 2024

26,990

29,981

3,392,096

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

29,158

33,251

Other debtors

113,313

75,926

142,471

109,177

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

82,934

113,797

Trade creditors

172,412

152,202

Taxation and social security

209,945

224,978

Other creditors

659,848

603,017

1,125,139

1,093,994

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

867,738

959,174

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

638,669

740,090

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

950,672

1,072,971

Bank borrowings are secured by means of a fixed charge over the company's freehold property and a fixed or floating charge over its other assets.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	GOING CONCERN

Included within creditors is an amount owed in respect of the preference shares totalling £400,000. The holders have agreed not to withdraw these funds within the next 12 months. Along with the directors agreement to support the company where required, it is deemed appropriate to prepare these accounts under the going concern basis.