REGISTERED NUMBER: 02039968 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30 November 2025

for

Rew Hotels Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T S J Rew

Mrs S Rew

SECRETARY:

Mrs S Rew

REGISTERED OFFICE:

Livermead House Hotel

Sea Front

Torquay

Devon

TQ2 6QJ

REGISTERED NUMBER:

02039968 (England and Wales)

ACCOUNTANTS:

TC Bromhead Limited

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,556,984

3,498,697

3,556,984

3,498,697

CURRENT ASSETS

Stocks

29,752

28,052

Debtors

6

158,149

78,614

Cash at bank and in hand

193,190

43,363

381,091

150,029

CREDITORS

Amounts falling due within one year

7

1,610,365

1,137,915

NET CURRENT LIABILITIES

(1,229,274

)

(987,886

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,327,710

2,510,811

CREDITORS

Amounts falling due after more than one year

8

506,250

567,500

NET ASSETS

1,821,460

1,943,311

CAPITAL AND RESERVES

Called up share capital

203,034

203,034

Revaluation reserve

96,622

96,622

Capital redemption reserve

150,000

150,000

Retained earnings

1,371,804

1,493,655

1,821,460

1,943,311

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2026 and were signed on its behalf by:

T S J Rew - Director

1.	STATUTORY INFORMATION

Rew Hotels 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover in respect of hotel accommodation and events such as weddings is recognised at the date of stay or the date of the event; deposits received in advance are deferred until that date and included in creditors on the balance sheet. Other sales are recognised at the date of delivery.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

The website was amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Plant and machinery etc

-

10% on cost

Tangible fixed assets are stated at cost with the exception of land and buildings. The directors adopted the transitional provisions of FRS 102 from 1 June 2014 which provide that companies may revalue tangible fixed assets and retain these valuations as deemed cost. The valuations were undertaken by an independent firm of chartered surveyors.

No depreciation is provided on freehold property, as the directors consider that the residual value of the company's properties is such that depreciation would be immaterial. The company has a policy and practice of regular maintenance and repair, charges for which are recognised in the profit and loss account, such that these assets are kept to their previously assessed standard of performance and the properties are unlikely to suffer from economic or technological obsolescence.

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 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.

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 58 (2024 - 55 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 December 2024

and 30 November 2025

151,500

18,460

169,960

AMORTISATION

At 1 December 2024

and 30 November 2025

151,500

18,460

169,960

NET BOOK VALUE

At 30 November 2025

-

-

-

At 30 November 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2024

3,451,323

918,908

4,370,231

Additions

6,777

61,921

68,698

At 30 November 2025

3,458,100

980,829

4,438,929

DEPRECIATION

At 1 December 2024

-

871,534

871,534

Charge for year

-

10,411

10,411

At 30 November 2025

-

881,945

881,945

NET BOOK VALUE

At 30 November 2025

3,458,100

98,884

3,556,984

At 30 November 2024

3,451,323

47,374

3,498,697

The land & buildings were revalued on 1 June 2014 as part of the transitional provisions of FRS 102 that allowed companies to revalue tangible fixed assets and retain these valuations as deemed cost. The valuations were undertaken by an independent firm of chartered surveyors. The valuation was £3,451,323, and the historical cost is £1,828,154.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

32,241

-

Other debtors

125,908

78,614

158,149

78,614

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

120,286

298,640

Trade creditors

104,597

94,369

Amounts owed to group undertakings

150,000

150,000

Taxation and social security

83,261

97,061

Other creditors

1,152,221

497,845

1,610,365

1,137,915

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

506,250

567,500

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

281,250

337,500

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank loan

562,500

618,750

The bank loan is secured by charges over the company's property and an unlimited debenture over all assets of the company.

The bank loan is repayable in four equal instalments per annum ending in 2034 and carries interest at 2.1% over base rate.

10.	ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent is Livermead House Hotel Limited, incorporated in England and Wales.