Company No:
Contents
| DIRECTORS | E J Casey |
| M Evered | |
| A A N Hoskins | |
| A M Hoskins | |
| M O Hoskins | |
| D S Landry | |
| I Vannocci |
| SECRETARY | D S Landry |
| REGISTERED OFFICE | The George Hotel |
| Stamford | |
| PE9 2LB | |
| United Kingdom |
| COMPANY NUMBER | 00942008 (England and Wales) |
| AUDITOR | Lakin Rose Limited |
| Statutory Auditor | |
| Cambridge House | |
| Camboro Business Park | |
| Girton | |
| Cambridge | |
| CB3 0QH | |
| United Kingdom |
The directors present their Strategic Report for the financial period ended 31 October 2025.
REVIEW OF THE BUSINESS
We have enjoyed a full year of trading, still against the headwind of multiple pressures, including an increase in the cost of labour.
The Company’s annual turnover has increased by £131,634 (2024: increase of £25,602) in the period; an increase of 1.6% (2024: increase of 0.32%) on the performance in the prior period.
We have a very committed workforce who we encourage to share ideas for improving the business and its processes. We are also conscious of our environmental responsibilities and train our staff in the same policies.
The Hotel has made a profit before tax for the period of £675,561 (2024: £621,749).
In summary the key performance indicators we use to monitor business performance are as follows:
• Turnover growth; and
• Gross profit margin.
The Company has a strong balance sheet with net assets standing at £12,237,979 at 31 October 2025 (2024: £12,159,986).
Principal risks or uncertainties facing our business, other than those normally encountered within our industry, would be the current economic environment impacting on consumer spending and levels of disposable income. The Company will continue to offer consistent levels of excellent service and food, to retain existing customers and to attract new ones.
EMPLOYEE INVOLVEMENT
The Company's policy is to consult and discuss with employees matters likely to affect employees' interests.
Information of matters of concern to employees is given through regular company communication meetings, information memoranda and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the company's performance.
DISABLED EMPLOYEES
The Company's policy is to recruit disabled workers for those vacancies that they are able to fill. All necessary assistance with initial training courses is given. Once employed, a career plan is developed so as to ensure suitable opportunities for each disabled person. Arrangements are made, wherever possible, for retraining employees who become disabled, to enable them to perform work identified as appropriate to their aptitudes and abilities.
BUSINESS RISKS
a. Treasury operations
The Company’s finance function is responsible for managing the liquidity and interest risks associated with the activities. The company currently has both a bank loan and overdraft facility. In addition, the Company has various other financial assets and liabilities such as trade debtors and trade creditors arising directly from the operations of the business.
b. Liquidity risk
The Company’s finance function manages liquidity risk to maximise interest income and minimise interest expense, whilst ensuring that the company has sufficient liquid resources to meet the operating needs of its business.
c. Interest rate risk
The Company is exposed to fair value interest rate risk on its borrowings and overdraft. The finance functions manages this risk by liaising with the company’s bank to agree the best rate available on a frequent basis.
d. Foreign currency risk
The Company does not trade with any customers outside of the U.K. and trade with overseas suppliers is minimal and hence the company is not exposed to any significant foreign currency risk.
e. Credit risk
Investment of cash surpluses are made with the Company’s main bankers. Receivable balances are monitored on an on-going basis and provision is made for doubtful debts where necessary.
Approved by the Board of Directors and signed on its behalf by:
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M Evered
Director |
A A N Hoskins
Director |
The directors present their annual report on the affairs of the Company, together with the financial statements and auditors’ report, for the financial period ended 31 October 2025.
PRINCIPAL ACTIVITIES
REVIEW OF THE BUSINESS
Turnover for the financial period amounted to £8,186,344 (2024: £8,054,710). The Company earned a profit after taxation totalling £502,166 (2024: £475,117).
The net current asset position of the Company as at the financial period end amounted to £399,944 (2024: net current asset £280,338).
The net asset position of the Company as at the financial period end amounted to £12,237,979 (2024: net asset £12,159,986).
DIVIDENDS
The directors paid a dividend of £424,173 in the current financial period (2024: £424,173).
DIRECTORS
The directors, who served during the financial period and to the date of this report except as noted, were as follows:
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AUDITOR
Each of the persons who is a director at the date of approval of this report confirms that:
* So far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware; and
* The director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.
This confirmation is given and should be interpreted in accordance with the provisions of s418 of the Companies Act 2006.
Lakin Rose Limited have expressed their willingness to continue in office as auditor and appropriate arrangements have been put in place for them to be deemed reappointed as auditors in the absence of an Annual General Meeting.
Approved by the Board of Directors and signed on its behalf by:
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M Evered
Director |
A A N Hoskins
Director |
The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that financial period.
In preparing these financial statements, the directors are required to:
* Select suitable accounting policies and then apply them consistently;
* Make judgements and accounting estimates that are reasonable and prudent;
* State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
* Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
We have audited the financial statements of Poste Hotels Limited for the financial period ended 31 October 2025, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the accounting policies, and the related notes 1 to 21, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements of Poste Hotels Limited (the ‘Company’):
* Give a true and fair view of the state of the Company's affairs as at 31 October 2025 and of its profit for the financial period then ended;
* Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"; and
* Have been prepared in accordance with the requirements of the Companies Act 2006.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)). Our responsibilities
under those standards are further described in the auditor's responsibilities for the audit of the financial statements
section of our report.
We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the
financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the Company’s ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant
sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements
and our auditor’s report thereon. The directors are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is
materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a material misstatement in the financial
statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement
of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
• The information given in the Strategic Report and the Directors' Report for the financial period for which the
financial statements are prepared is consistent with the financial statements; and
• The Strategic Report and Directors' Report has been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the
audit, we have not identified material misstatements in the Strategic Report and the Directors' Report. We have
nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report
to you if, in our opinion:
• Adequate accounting records have not been kept, or returns adequate for our audit have not been received from
branches not visited by us; or
• The financial statements are not in agreement with the accounting records and returns; or
• Certain disclosures of directors’ remuneration specified by law are not made; or
• We have not received all the information and explanations we require for our audit;
Responsibilities of directors
As explained more fully in the Directors’ Responsibilities Statement, the directors are responsible for the preparation
of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as
the directors determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a
going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic
alternative but to do so.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
A further description of our responsibilities for the audit of the financial statements is located on the FRC’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Extent to which the audit was considered capable of detecting irregularities, including fraud
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:
- the nature of the industry and sector, control environment and business performance including the design of the company’s remuneration policies, key drivers for directors’ remuneration, bonus levels and performance targets;
- results of our enquiries of management about their own identification and assessment of the risks of irregularities;
- any matters we identified having obtained and reviewed the company’s documentation of their policies and procedures relating to:
identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
- the matters discussed among the audit engagement team and involving relevant internal specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
**Audit response to risks identified**
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and UK tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty. We identified no such laws and regulations applicable to the company.
As a result of performing the above, we identified revenue recognition as a key audit risk related to the potential risk of fraud. Our procedures to respond to risks identified included the following:
- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- enquiring of management concerning actual and potential litigation and claims;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- reading minutes of meetings of those charged with governance;
- obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of provisions; and
- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members including internal specialists, and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the Company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
For and on behalf of
Statutory Auditor
Camboro Business Park
Girton
Cambridge
CB3 0QH
United Kingdom
| Note | Period from 28.10.2024 to 31.10.2025 |
52 week period to 27.10.2024 |
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| £ | £ | |||
| Turnover | 3 |
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| Cost of sales | (
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| Gross profit |
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| Administrative expenses | (
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| Other operating income |
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| Operating profit |
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| Interest receivable and similar income | 4 |
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| Interest payable and similar expenses | 4 | (
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| Profit before taxation |
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| Tax on profit | 8 | (
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| Profit for the financial period |
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| Loss arising on fair value movement of tangible fixed assets excluding investment properties | 10 |
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| Tax relating to components of other comprehensive income |
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| Other comprehensive loss | 0 | (1,536,461) | ||
| Total comprehensive income/(loss) |
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| Note | 31.10.2025 | 27.10.2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 10 |
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| 16,024,423 | 16,186,115 | |||
| Current assets | ||||
| Stocks | 12 |
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| Debtors | 13 |
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| Cash at bank and in hand |
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| 1,778,426 | 1,714,952 | |||
| Creditors: amounts falling due within one year | 14, 20 | (
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| Net current assets | 399,944 | 280,338 | ||
| Total assets less current liabilities | 16,424,367 | 16,466,453 | ||
| Creditors: amounts falling due after more than one year | 15 | (
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| Provision for liabilities | (
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| Net assets | 12,237,979 | 12,159,986 | ||
| Capital and reserves | 17 | |||
| Called-up share capital |
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| Revaluation reserve | 19 |
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| Profit and loss account |
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| Total shareholders' funds | 12,237,979 | 12,159,986 |
The financial statements of Poste Hotels Limited (registered number:
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M Evered
Director |
A A N Hoskins
Director |
| Called-up share capital | Revaluation reserve | Profit and loss account | Total | ||||
| £ | £ | £ | £ | ||||
| At 29 October 2023 |
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| Loss arising on fair value movement of tangible fixed assets excluding investment properties |
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| Total comprehensive loss |
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| Dividends paid on equity shares (note 9) |
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| At 27 October 2024 |
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| At 28 October 2024 |
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| Profit for the financial period |
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| Total comprehensive income |
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| Dividends paid on equity shares (note 9) |
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| At 31 October 2025 |
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The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.
Poste Hotels 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 The George Hotel, Stamford, PE9 2LB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 .
The functional currency of Poste Hotels Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.
The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, and will be able to meet its debts as they fall due.
Positive trading results following the period end corroborate the going concern status of the Company.
Historically, the Company prepared its financial statements to a floating period-end date based on the last Sunday in October. Starting this financial year, the Company has aligned its reporting date to a fixed calendar date of 31 October.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Statement of Financial Position date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the Statement of Financial Position date. Timing differences are differences between the Company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
When the amount that can be deducted for tax for an asset that is recognised in a business combination is less (more) than the value at which it is recognised, a deferred tax liability (asset) is recognised for the additional tax that will be paid (avoided) in respect of that difference. Similarly, a deferred tax asset (liability) is recognised for the additional tax that will be avoided (paid) because of a difference between the value at which a liability is recognised and the amount that will be assessed for tax.
Deferred tax liabilities are recognised for timing differences arising from investments in subsidiaries and associates, except where the Company is able to control the reversal of the timing difference and it is probable that it will not reverse in the foreseeable future.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date that are expected to apply to the reversal of the timing difference. Deferred tax relating to property, plant and equipment is measured using the revaluation model and investment property is measured using the tax rates and allowances that apply to the sale of the asset.
Where items recognised in the Statement of Comprehensive Income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income.
Current tax assets and liabilities are offset only when there is a legally enforceable right to set off the amounts and the Company intends either to settle on a net basis or to realise the asset and settle the liability simultaneously. Deferred tax assets and liabilities are offset only if: a) the Company has a legally enforceable right to set off current tax assets against current tax liabilities; and b) the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on the Company and the Company intends either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid, the Company has no further payment obligations.
The contributions are recognised as an expense in the profit or loss when the fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
(i) the requirements of Section 7 Statement of Cash Flows;
(ii) the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).
This information is included in the consolidated financial statements of Poste Holdings Limited as at 31 October 2025 and these financial statements may be obtained from Companies House.
| Land and buildings |
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| Vehicles |
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| Fixtures and fittings | 15 -
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| Computer equipment |
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| Other property, plant and equipment | not depreciated |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.
Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
The following judgements which also involve estimates have been made in the process of applying the above accounting policies:
The directors have made judgements on the residual value of the trading premises at the end of its useful life being materially the same as the value in the accounts, taking into account the history, reputation and position of the hotel within the town of Stamford and the intention to maintain the property to the same high standard that it is currently maintained at. As a result, the property has not been depreciated.
The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have been significant risk of causing material adjustment to the carrying amount of assets and liabilities within the next financial year including:
**(i) Useful economic lives of tangible assets**
The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.
**(ii) Valuation of the property**
The valuation of the property is sensitive to changes in the market and industry. The valuation is undertaken by an independent third party.
Turnover is wholly attributable to the principal activity of the Company and arises solely within the United Kingdom.
| Period from 28.10.2024 to 31.10.2025 |
52 week period to 27.10.2024 |
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| £ | £ | ||
| Interest receivable and similar income |
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| Interest payable and similar expenses | (
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| (71,151) | 12,977 |
An analysis of the auditor's remuneration is as follows:
| Period from 28.10.2024 to 31.10.2025 |
52 week period to 27.10.2024 |
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| £ | £ | ||
| Fees payable to the Company’s auditor and its associates for the audit of the Company's annual financial statements: | 15,000 | 15,000 | |
| Total audit fees |
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| 31.10.2025 | 27.10.2024 | ||
| Number | Number | ||
| The average monthly number of employees (including directors) was: | |||
| Management |
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| Administration |
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| Front of house staff |
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| Kitchen staff |
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| Reception, chambermaids and maintenance |
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Their aggregate remuneration comprised:
| Period from 28.10.2024 to 31.10.2025 |
52 week period to 27.10.2024 |
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| £ | £ | ||
| Wages and salaries |
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| Social security costs |
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| Other retirement benefit costs |
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| 3,793,754 | 3,729,561 |
During the period, retirement benefits were accrued to 1 director (2024 - 1) in respect of defined contribution pension schemes.
| Period from 28.10.2024 to 31.10.2025 |
52 week period to 27.10.2024 |
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| £ | £ | ||
| Directors' emoluments |
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| Company contributions to money purchase pension schemes |
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| 173,240 | 165,980 |
| Period from 28.10.2024 to 31.10.2025 |
52 week period to 27.10.2024 |
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| £ | £ | ||
| Current tax on profit | |||
| UK corporation tax |
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| Adjustments in respect of prior years | |||
| UK corporation tax |
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(
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| Total current tax |
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| Deferred tax | |||
| Origination and reversal of timing differences | (
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(
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| Total deferred tax | (
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(
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| Total tax on profit |
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The tax assessed for the period is higher than (2024: lower than) the standard rate of corporation tax in the UK:
| Period from 28.10.2024 to 31.10.2025 |
52 week period to 27.10.2024 |
||
| £ | £ | ||
| Profit before taxation | 675,561 | 621,749 | |
| Tax on profit at standard UK corporation tax rate of 25% (2024: 25%) |
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| Effects of: | |||
| Expenses not deductible for tax purposes |
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| Fixed asset differences | 4,501 | 4,079 | |
| Increase in tax rate | 0 | (12,914) | |
| Total tax charge for period | 173,395 | 146,632 |
| Period from 28.10.2024 to 31.10.2025 |
52 week period to 27.10.2024 |
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| £ | £ | ||
| Amounts recognised as distributions to equity holders in the financial period: | |||
| Dividends payable | 424,173 | 424,173 | |
| Land and buildings |
Vehicles | Fixtures and fittings | Computer equipment | Other property, plant and equipment |
Total | ||||||
| £ | £ | £ | £ | £ | £ | ||||||
| Cost | |||||||||||
| At 28 October 2024 |
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| Additions |
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| Disposals |
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(
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(
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| At 31 October 2025 |
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| Accumulated depreciation | |||||||||||
| At 28 October 2024 |
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| Charge for the financial period |
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| Disposals |
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(
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(
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| At 31 October 2025 |
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| Net book value | |||||||||||
| At 31 October 2025 | 15,373,502 | 21,542 | 597,379 | 0 | 32,000 | 16,024,423 | |||||
| At 27 October 2024 | 15,395,473 | 30,701 | 727,941 | 0 | 32,000 | 16,186,115 |
Revaluation of tangible assets
The net book value of land and building may be further analysed as follows:
| 31.10.2025 | 27.10.2024 | ||
| £ | £ | ||
| Carrying value |
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The Company's freehold land and buildings that were previously valued in 2017 and again in 2024 by Fleurets. The properties were valued at fair value and the valuation amounted to £15,000,000, giving rise to a reduction of £2,036,461, which is included in the revaluation reserve.
There are no assets held under finance leases or hire purchase contracts.
Investments in subsidiaries
| 31.10.2025 | |
| £ | |
| Cost | |
| At 28 October 2024 |
|
| At 31 October 2025 |
|
| Provisions for impairment | |
| At 28 October 2024 |
|
| At 31 October 2025 |
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| Carrying value at 31 October 2025 |
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| Carrying value at 27 October 2024 |
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| Other investments | Total | ||
| £ | £ | ||
| Cost or valuation before impairment | |||
| At 28 October 2024 |
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| Disposals | (
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(
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| At 31 October 2025 |
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| Provisions for impairment | |||
| At 28 October 2024 |
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| Reversal of impairment | (
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(
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| At 31 October 2025 |
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| Carrying value at 31 October 2025 |
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| Carrying value at 27 October 2024 |
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| 31.10.2025 | 27.10.2024 | ||
| £ | £ | ||
| Goods for resale |
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| 31.10.2025 | 27.10.2024 | ||
| £ | £ | ||
| Trade debtors |
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| Other debtors |
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| Prepayments |
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| Amounts owed by directors (note 18) |
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| 31.10.2025 | 27.10.2024 | ||
| £ | £ | ||
| Bank loans (secured) |
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| Directors loans (note 18) |
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| Trade creditors |
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| Corporation tax |
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| Other taxation and social security |
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| VAT |
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| Accruals |
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| Other creditors |
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| 31.10.2025 | 27.10.2024 | ||
| £ | £ | ||
| Bank loans (secured) |
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The bank loan accrues interest on an annual basis of 6% per annum. The loan is due for repayment by instalments by May 2028.
The bank loan and overdraft is secured by a fixed charge over The George Hotel of Stamford.
| Bank loans | |||
| 31.10.2025 | 27.10.2024 | ||
| £ | £ | ||
| Between one and two years |
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| Between two and five years |
|
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| After five years |
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| On demand or within one year |
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| 1,417,990 | 1,471,725 |
| Directors loans | |||
| 31.10.2025 | 27.10.2024 | ||
| £ | £ | ||
| Between one and two years |
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| Between two and five years |
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| After five years |
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| On demand or within one year |
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| 0 | 167,644 |
| Total borrowings | |||
| 31.10.2025 | 27.10.2024 | ||
| £ | £ | ||
| Between one and two years |
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| Between two and five years |
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| On demand or within one year |
|
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| 1,417,990 | 1,639,369 |
| 31.10.2025 | 27.10.2024 | ||
| £ | £ | ||
| At the beginning of financial period | (
|
(
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| Credited to the Profit and Loss Account |
|
|
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| Credited to the Statement of Comprehensive Income |
|
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| At the end of financial period | (
|
(
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| 31.10.2025 | 27.10.2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
|
|
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|
|
|
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| 332,817 | 332,817 | ||
| Presented as follows: | |||
| Called-up share capital presented as equity | 332,817 | 332,817 |
The Company has availed of the exemption provided in FRS 102 Section 33 Related Party Disclosures not to disclose transactions entered into with fellow group companies that are wholly owned within the group of companies of which the Company is a wholly owned member.
The directors of the Company are deemed to be the key personnel of the Company as defined in Section 33 of FRS 102. Directors' remuneration paid during the current financial period was £205,658 (2024: £165,980).
The Company lease property from the directors' pension scheme. The annual rent for this property is £6,000 (2024 - £6,000). At the year end, the pension scheme owed the Company £584 (2024 - £4,424).
Transactions with the entity’s directors (or members of its governing body)
Amounts owed by directors
| 31.10.2025 | 27.10.2024 | ||
| £ | £ | ||
| Amounts owed by directors |
|
|
These loans are unsecured, interest free and repayable on demand. The amount of £823,753 due from directors was repaid on 6 April 2026 in full.
Amounts owed to directors
| 31.10.2025 | 27.10.2024 | ||
| £ | £ | ||
| Amounts owed to directors |
|
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Revaluation reserve
The revaluation reserve contains all current and prior period revaluation movements, including deferred tax.
Profit and loss account
The profit and loss account contains all current and prior period profits and losses after deducting dividends paid.
The Company operates a defined contribution scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £134,964 (2024 - £76,758). Contributions totalling £nil (2024 - £nil) were payable to the fund at the balance sheet date.
Parent Company:
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| The George Hotel, Stamford, Lincolnshire, United Kingdom, PE9 2LB |
Ultimate controlling party:
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