TROUT HOTELS (CUMBRIA) LIMITED


Directors	DOBIE, Andrea Patricia
	DOBIE, William


Registered Address	C/O Dobies Cumbria Dobies Business Park
	Lillyhall
	Workington
	CA14 4HX


Registered Number	02304994 (England and Wales)

Statement of Financial Position
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		4,798,892		4,883,552
Investments	4		-		1,001
			4,798,892		4,884,553
Current assets
Stocks	5	23,043		23,054
Debtors		50,332		94,582
Cash at bank and on hand		499,276		421,183
		572,651		538,819
Creditors amounts falling due within one year	6	(233,507)		(309,587)
Net current assets (liabilities)			339,144		229,232
Total assets less current liabilities			5,138,036		5,113,785
Creditors amounts falling due after one year	7		-		(1,001)
Provisions for liabilities	8		(74,137)		(91,199)
Net assets			5,063,899		5,021,585
Capital and reserves
Called up share capital			550,000		550,000
Revaluation reserve			47,035		47,035
Other reserves			600,000		600,000
Profit and loss account			3,866,864		3,824,550
Shareholders' funds			5,063,899		5,021,585

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 30 June 2026, and are signed on its behalf by:

DOBIE, William
Director
Registered Company No. 02304994

TROUT HOTELS (CUMBRIA) LIMITED

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future period.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future period.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

	Defined contribution pension plan
	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 obligation.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows: Freehold land and buildings ~ 2% straight line basis Fixtures and fittings ~ 5%-25% straight line basis Motor vehicles ~ 25% straight line basis

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:

Freehold land and buildings ~ 2% straight line basis
Fixtures and fittings ~ 5%-25% straight line basis
Motor vehicles ~ 25% straight line basis

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	36		41

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 November 24	4,691,603	1,496,766	6,188,369
Additions	-	69,231	69,231
At 31 October 25	4,691,603	1,565,997	6,257,600
Depreciation and impairment
At 01 November 24	186,137	1,118,680	1,304,817
Charge for year	14,019	139,872	153,891
At 31 October 25	200,156	1,258,552	1,458,708
Net book value
At 31 October 25	4,491,447	307,445	4,798,892
At 31 October 24	4,505,466	378,086	4,883,552


	Freehold land and buildings represent the hotel property. This was last valued for accounting purposes at £1,300,000 on 11 February 1992 by Cariget Cowen, Chartered Surveyors, on an open market basis. The historical cost of the property at that time was £1,248,447. This valuation was treated as deemed cost at the date of transition to FRS 102. Subsequent additions have been included at historical cost. The directors assess the residual value of the hotel on an annual basis and have not determined any changes to be required.

Freehold land and buildings represent the hotel property. This was last valued for accounting purposes at £1,300,000 on 11 February 1992 by Cariget Cowen, Chartered Surveyors, on an open market basis. The historical cost of the property at that time was £1,248,447. This valuation was treated as deemed cost at the date of transition to FRS 102. Subsequent additions have been included at historical cost. The directors assess the residual value of the hotel on an annual basis and have not determined any changes to be required.

4.	Fixed asset investments
	The company's subsidiary, Trout Hotels Limited, was dissolved on 1 July 2025.

	Other investments¹	Total
	£	£
Cost or valuation
At 01 November 24	1,001	1,001
Disposals	(1,001)	(1,001)
Net book value
At 31 October 25	-	-
At 31 October 24	1,001	1,001

	Notes
	¹Other investments other than loans

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	23,043	23,054
Total	23,043	23,054

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	64,668	57,204
Taxation and social security	87,495	156,044
Other creditors	59,584	52,013
Accrued liabilities and deferred income	21,760	44,326
Total	233,507	309,587

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	-	1,001
Total	-	1,001

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	74,137	91,199
Total	74,137	91,199

9.	Related party transactions
	During the year the company entered into the following transactions with related parties: Entities with control, joint control or significant influence over the company - Sales £1,762 (2024: £55,804) Entities with control, joint control or significant influence over the company - Purchases £106,929 (2024: £108,929) Amounts due to related parties Entities with control, joint control or significant influence over the company - £4,762 (2024: £16,615) Entities over which the entity has control, joint control or significant influence - £- (2024: £1,001) Amounts due from related parties Entities with control, joint control or significant influence over the company - £- (2024: £1,275)

Related party transactions

During the year the company entered into the following transactions with related parties:
Entities with control, joint control or significant influence over the company - Sales £1,762 (2024: £55,804)
Entities with control, joint control or significant influence over the company - Purchases £106,929 (2024: £108,929)

Amounts due to related parties  
Entities with control, joint control or significant influence over the company - £4,762 (2024: £16,615)
Entities over which the entity has control, joint control or significant influence - £- (2024: £1,001)
Amounts due from related parties
Entities with control, joint control or significant influence over the company - £- (2024: £1,275)