REGISTERED NUMBER: 15801623 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2024 TO 31 DECEMBER 2025

FOR

TORBAY GUESTHOUSE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Rochester

Mrs C A Rochester

REGISTERED OFFICE:

9 Colin Road

Paignton

Devon

TQ3 2NR

REGISTERED NUMBER:

15801623 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

Natwest Plc

15 Victoria Street

Paignton

Devon

TQ4 5DE

FIXED ASSETS

Intangible assets

4

12,375

Tangible assets

5

473,213

485,588

CURRENT ASSETS

Debtors

6

932

Cash at bank

20,482

21,414

CREDITORS

Amounts falling due within one year

7

339,533

NET CURRENT LIABILITIES

(318,119

)

TOTAL ASSETS LESS CURRENT LIABILITIES

167,469

CREDITORS

Amounts falling due after more than one year

8

198,771

NET LIABILITIES

(31,302

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(31,304

)

SHAREHOLDERS' FUNDS

(31,302

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 20 July 2026 and were signed on its behalf by:

Mr J Rochester - Director

Mrs C A Rochester - Director

1.	STATUTORY INFORMATION

Torbay Guesthouse Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2025, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the period 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 period 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.

Going concern

The company meets its day to day working capital requirements through a loan provided by Mr J & Mrs C Rochester, Directors of the company. They will continue to support the company in this way until such times as profits are made.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

13,200

At 31 December 2025

13,200

AMORTISATION

Amortisation for period

825

At 31 December 2025

825

NET BOOK VALUE

At 31 December 2025

12,375

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

Additions

443,457

36,031

700

480,188

At 31 December 2025

443,457

36,031

700

480,188

DEPRECIATION

Charge for period

-

6,756

219

6,975

At 31 December 2025

-

6,756

219

6,975

NET BOOK VALUE

At 31 December 2025

443,457

29,275

481

473,213

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

58

Prepayments

874

932

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

6,074

Directors' current accounts

332,013

Accrued expenses

1,446

339,533

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans - 2-5 years

28,298

Bank loans more 5 yr by instal

170,473

198,771

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

170,473

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2025:

£

Mr J Rochester

Balance outstanding at start of period

-

Amounts advanced

7,501

Amounts repaid

(74,535

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(67,034

)

Mrs C A Rochester

Balance outstanding at start of period

-

Amounts advanced

1,521

Amounts repaid

(266,500

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(264,979

)

Loans are unsecured, interest free and repayable on demand.