REGISTERED NUMBER: 09886179 (England and Wales)

TIVOLI INNS (CARDIFF) LIMITED

Unaudited Financial Statements

for the Year Ended 31 October 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T E Stringer

P M Pioli

SECRETARY:

Mrs H R Pioli

REGISTERED OFFICE:

The Riding School House

Bulls Lane

Wishaw

Sutton Coldfield

West Midlands

B76 9QW

REGISTERED NUMBER:

09886179 (England and Wales)

FIXED ASSETS

Tangible assets

4

208,812

210,927

CURRENT ASSETS

Stocks

23,779

25,383

Debtors

5

14,130

32,596

Cash at bank and in hand

105,199

52,134

143,108

110,113

CREDITORS

Amounts falling due within one year

6

433,460

325,218

NET CURRENT LIABILITIES

(290,352

)

(215,105

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(81,540

)

(4,178

)

CREDITORS

Amounts falling due after more than one year

7

-

(7,500

)

PROVISIONS FOR LIABILITIES

(49,695

)

(49,673

)

NET LIABILITIES

(131,235

)

(61,351

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(131,236

)

(61,352

)

SHAREHOLDERS' FUNDS

(131,235

)

(61,351

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2026 and were signed on its behalf by:

P M Pioli - Director

T E Stringer - Director

1.	STATUTORY INFORMATION

Tivoli Inns (Cardiff) 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.

As at 31st October 2025, the company's balance sheet reflected an insolvent position and net current liabilities. The Directors have considered the 12 months from the date of the signing of the accounts and are confident that the company will return to a solvent position. Therefore, the Directors consider the going concern basis of preparation to be appropriate.

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.

Long leasehold

-

at varying rates on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Music Equipment

-

25% on cost

Computer equipment

-

25% on cost

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 Profit and Loss Account, 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.

Lease incentives

The benefits of lease incentives are recognised in the profit and loss account over the total lease period.

Holiday pay accrual

The liability is recognised when an employee has provided service in exchange for benefits to be paid in the future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2024

365,531

218,098

583,629

Additions

-

65,048

65,048

At 31 October 2025

365,531

283,146

648,677

DEPRECIATION

At 1 November 2024

190,942

181,760

372,702

Charge for year

41,845

25,318

67,163

At 31 October 2025

232,787

207,078

439,865

NET BOOK VALUE

At 31 October 2025

132,744

76,068

208,812

At 31 October 2024

174,589

36,338

210,927

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

£

Trade debtors

1,432

442

Other debtors

12,698

32,154

14,130

32,596

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

£

Bank loans and overdrafts

7,500

10,000

Trade creditors

87,435

77,032

Amounts owed to group undertakings

48,972

1,536

Taxation and social security

19,600

17,391

Other creditors

269,953

219,259

433,460

325,218

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/10/25

31/10/24

£

£

Bank loans

-

7,500

8.	OTHER FINANCIAL COMMITMENTS

As at the balance sheet date, the company had total future minimum lease payments under an operating lease for plant and machinery amounting to £14,429 per annum. This lease has no cessation date and the lessee or lessor can terminate the agreement at any time.

The company also has total future minimum lease payments under another operating lease amounting to £315,000.

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Tivoli Inns Limited.