REGISTERED NUMBER: 00335107 (England and Wales)

Financial Statements for the Year Ended 31 January 2026

for

The Golden Lion (Hunstanton) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

Fixed assets

Tangible assets

5

5,007,878

-

Investment property

6

-

2,511,926

5,007,878

2,511,926

Current assets

Stocks

31,893

-

Debtors

7

28,882

40,270

Cash at bank and in hand

208,812

-

269,587

40,270

Creditors

Amounts falling due within one year

8

(4,861,846

)

(2,511,926

)

Net current liabilities

(4,592,259

)

(2,471,656

)

Total assets less current liabilities

415,619

40,270

Provisions for liabilities

(222,094

)

(82,956

)

Net assets/(liabilities)

193,525

(42,686

)

Capital and reserves

Called up share capital

20,170

20,170

Capital redemption reserve

20,100

20,100

Retained earnings

153,255

(82,956

)

193,525

(42,686

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

Mrs V M Johnstone - Director

1.	Statutory information

The Golden Lion (Hunstanton) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00335107

Registered office:

Driftwood Lodge

36a Old Hunstanton Road

Old Hunstanton

Norfolk

PE36 6HS

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The directors consider that the company has adequate resources to continue in operational existence for the foreseeable future and have therefore prepared these financial statements on a going concern basis.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic loves and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancements, future investments, economic utilisation and the physical condition of the assets.

(ii) Taxation

The company establishes provisions based on reasonable estimates, for possible consequences of audits by the tax authorities. The amount of such provisions is based on various factors, such as experience with previous tax audits and differing interpretations of tax regulations by the taxable entity and the responsible tax authority.

Income statement

The company was dormant in the previous year as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the previous year.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced and accrued during the year, generated through the company's principal activities in the United Kingdom. Where appropriate amounts are shown excluding value added tax. Turnover is recognised at the point at which the accommodation and services are provided.

The contract to provide accommodation is established when the customer books accommodation. The performance obligation is to provide the right to use accommodation for a given number of nights, and the transaction price is the room rate for each night determined at the time of booking. The performance obligation is met when the customer is given the right to use the accommodation, and so revenue is recognised for each night as it takes place, at the room rate for that night.

The contract is established when the customer orders the food or beverage item and the performance obligation is the provision of food and beverage by the outlet. The performance obligation is satisfied when the food and beverage is delivered to the customer, and revenue is recognised at this point at the price for the items purchased. Payment is made on the same day and consequently there are no contract assets or liabilities.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life:

Freehold property

-

2% on cost

Fixtures and fittings

-

2% - 33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

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.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

4.	Employees and directors

The average number of employees during the year was 46 (2025 - 3 ) .

5.	Tangible fixed assets

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Cost

Additions

-

2,649,630

2,649,630

Reclassification/transfer

2,511,926

-

2,511,926

At 31 January 2026

2,511,926

2,649,630

5,161,556

Depreciation

Charge for year

50,239

103,439

153,678

At 31 January 2026

50,239

103,439

153,678

Net book value

At 31 January 2026

2,461,687

2,546,191

5,007,878

The carrying value of the properties over which security has been pledged, on behalf of the ultimate parent entity, L & J Leisure Limited, is £2,461,687 (2025 - £2,511,926 investment property). Details over secured assets can be found in note 10.

6.	Investment property

Total

£

Fair value

At 1 February 2025

2,511,926

Reclassification/transfer

(2,511,926

)

At 31 January 2026

-

Net book value

At 31 January 2026

-

At 31 January 2025

2,511,926

7.

Debtors: amounts falling due within one year

31.1.26

31.1.25

(Unaudited)

£

£

Trade debtors

16,536

-

Amounts owed by group undertakings

3,481

40,270

Other debtors

8,865

-

28,882

40,270

Trade debtors are stated after provisions for impairment of £Nil (2025 - £Nil).

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

8.

Creditors: amounts falling due within one year

31.1.26

31.1.25

(Unaudited)

£

£

Trade creditors

58,868

-

Amounts owed to group undertakings

4,458,518

2,511,926

Taxation and social security

197,092

-

Other creditors

147,368

-

4,861,846

2,511,926

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

9.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Christopher Goad BFP FCA (Senior Statutory Auditor)

for and on behalf of Stephenson Smart (East Anglia) Limited

10.	Other financial commitments

A loan held by L&J Leisure Limited, the immediate parent entity, is secured by way of a floating charge over all properties, undertakings, assets (including uncalled capital) and rights owned. This charge encompasses The Golden Lion (Hunstanton) Limited.

Amounts outstanding as at the balance sheet date total £1,044,939 (2025 - £1,235,891).

A loan held by L&J Leisure Limited, the immediate parent entity, is secured by way of a floating charge over all properties, undertakings, assets (including uncalled capital) and rights owned by J & J Wilson (Shops) Limited, and its 100% owned subsidiary The Golden Lion (Hunstanton) Limited.

Amounts outstanding as at the balance sheet date total £1,040,612 (2025 - £1,132,750).

11.	Related party disclosures

No transactions with related parties were undertaken such as are to be disclosed under FRS 102 Section 1A.

The company has taken advantage of the exemption provided by FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.

12.	Controlling party

The company's immediate parent company is J & J Wilson (Shops) Limited, a company incorporated in England. The registered office of J & J Wilson (Shops) Limited is Driftwood Lodge, 36a Old Hunstanton Road, Hunstanton, Norfolk..

The ultimate parent undertaking and the smallest and largest group to consolidate the financial statements is L & J Leisure Limited. The registered office of L & J Leisure Limited is 4th Floor, 115 George Street, Edinburgh, EH2 4JN.

Within the ultimate parent entity, all classes of shares hold equal voting rights, and no individual shareholder or shareholders acting in concert hold a majority. Therefore, the directors consider that there is no ultimate controlling party of the company.