Company No: 00265948 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	130,000		130,000
Tangible assets	4	3,069,521		2,818,959
Investment property	5	200,000		275,000
		3,399,521		3,223,959
Current assets
Stocks		71,128		68,000
Debtors	6	1,253		30,824
Cash at bank and in hand		12,132		7,305
		84,513		106,129
Creditors: amounts falling due within one year	7	( 654,515)		( 838,746)
Net current liabilities		(570,002)		(732,617)
Total assets less current liabilities		2,829,519		2,491,342
Creditors: amounts falling due after more than one year	8	( 2,162,450)		( 1,843,376)
Provision for liabilities		0		( 2,060)
Net assets		667,069		645,906
Capital and reserves
Called-up share capital	9	11,080		11,080
Share premium account		133,920		133,920
Revaluation reserve		1,928,354		1,696,935
Fair value reserve		19,219		75,469
Profit and loss account		( 1,425,504 )		( 1,271,498 )
Total shareholders' funds		667,069		645,906

For the financial year ending 31 March 2026 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Arundell Arms Hotel Co. Limited (registered number: 00265948) were approved and authorised for issue by the Board of Directors on 18 June 2026. They were signed on its behalf by:

S F W Village Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Arundell Arms Hotel Co. Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Arundell Arms Hotel, Lifton, Devon, PL16 0AA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life. The intangible assets held in the company are held in perpetuity and as such the expected life is undefined.

Other intangible assets

not amortised

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Vehicles	20 % reducing balance
Fixtures and fittings	20 % reducing balance

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	56		60

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2025	130,000		130,000
Revaluation	0		0
At 31 March 2026	130,000		130,000
Accumulated amortisation
At 01 April 2025	0		0
At 31 March 2026	0		0
Net book value
At 31 March 2026	130,000		130,000
At 31 March 2025	130,000		130,000

4. Tangible assets

	Land and buildings		Vehicles		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 April 2025	3,079,166		28,463		1,138,704		4,246,333
Additions	270,834		0		36,079		306,913
At 31 March 2026	3,350,000		28,463		1,174,783		4,553,246
Accumulated depreciation
At 01 April 2025	525,000		17,213		885,161		1,427,374
Charge for the financial year	0		2,250		54,101		56,351
At 31 March 2026	525,000		19,463		939,262		1,483,725
Net book value
At 31 March 2026	2,825,000		9,000		235,521		3,069,521
At 31 March 2025	2,554,166		11,250		253,543		2,818,959

5. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	275,000
Fair value movement	(75,000)
As at 31 March 2026	200,000

Investment property comprises property held for commercial rental purposes and capital appreciation. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2026 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6. Debtors

	2026		2025
	£		£
Other debtors	1,253		30,824

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	93,370		293,166
Other taxation and social security	477,934		495,569
Other creditors	83,211		50,011
	654,515		838,746

8. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Other creditors	2,162,450		1,843,376

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
10,000 Ordinary A shares of £ 1.00 each	10,000		10,000
1,080 Ordinary B shares of £ 1.00 each	1,080		1,080
	11,080		11,080

10. Contingencies

Contingent liabilities

	2026		2025
	£		£
Total contingent liabilities	0		95,532

In 2025, the company disclosed a contingent liability relating to an ongoing dispute with a supplier. Although a settlement was believed to have been reached, this had not been formally confirmed by the supplier at that time. In the 2026 financial year, the matter was considered resolved and the balance settled. As a result, no contingent liability is recognised at the reporting date.

11. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
S F W Village	(2,149,703)		(904,578)
D M Bristow	0		5,205

Other related party transactions

	2026		2025
	£		£
A Monro	(12,747)		(21,600)