REGISTERED NUMBER: 04023106 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 October 2025

for

Beamish Hall Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTORS:

D Craggs

H Craggs

A E Tocu

K Rayner

A Craggs

A C Tocu

SECRETARY:

H Craggs

REGISTERED OFFICE:

Beamish Hall

Beamish

Stanley

Co Durham

DH9 0YB

REGISTERED NUMBER:

04023106 (England and Wales)

SENIOR STATUTORY AUDITOR:

Simon Hook FCCA

AUDITORS:

Clive Owen LLP

Chartered Accountants and Statutory Auditors

Kepier House

Belmont Business Park

Durham

DH1 1TW

The directors present their strategic report for the year ended 31 October 2025.

REVIEW OF BUSINESS

The headline financial indicators for the period were as follows:

2025

2024

Change

Change

£'000

£'000

£'000

%

Turnover

5,433

4,918

515

10.5

Gross profit

4,289

3,844

445

11.6

Gross margin

78.9%

78.2%

0.7

Profit before tax

879

641

238

37.1

Strong trading year with healthy turnover and profitability, despite considerable cost increases and recruitment challenges. Throughout this FY we continued and completed a number of refurbishment programmes across the estate, in our public areas, bedrooms and gardens. This year also saw the launch of a new food and beverage concept, The Coach House Café. A sub-brand of the Stables bar & restaurant offering café style lunch, 6 days/week. We have seen very positive financial results with increase in trading figures.

Strategy

Short and medium term outlook remains very positive with robust levels of confirmed business. Currently reviewing our existing range of products and services with the intention to introduce new concepts in the near future, focusing in particular on food and beverage.

Workforce disruption and shortages, costs increases, inflation and a reduction in demand are the main challenges facing our industry and business in the immediate future and perhaps beyond. We are continually assessing how we operate and pursue efficiencies through innovation, new technologies and training to maintain the growth and strength of the business and our brands.

PRINCIPAL RISKS AND UNCERTAINTIES

Financial Risk Management

Financial risk management is integral to the management of the business. The primary risks to which the company is exposed are liquidity risk, interest rate risk and credit risk.

Liquidity Risk

The company has a term loan for the purpose of the initial acquisition of and secured on the property of Beamish Hall itself. In addition, the company has an overdraft facility. The company periodically reviews the facilities with the bank to ensure they remain adequate for current and future requirements.

Interest Rate Risk

The overdraft and loan facilities are subject to floating rates of interest linked to base rate. The level of risk resulting from this is considered manageable at present given the recent trend of low and stable interest rates, which are expected to continue in the short to medium term.

Credit Risk

Predominantly the main credit risk arises on trade debtors. Whilst the majority of the turnover of the company is derived from either a pay in advance and on service basis, a not insignificant proportion is allocated credit terms. Policies and procedures are in place to ensure that appropriate credit limits and such credit accounts are reviewed on a regular basis to ensure that they are not allowed to become overdue.

ON BEHALF OF THE BOARD:

D Craggs - Director

24 July 2026

The directors present their report with the financial statements of the company for the year ended 31 October 2025.

PRINCIPAL ACTIVITY

The principal activity of the company is the provision of hotel facilities, incorporating a wedding venue and conference centre.

DIVIDENDS

The total of all dividends paid during the year were as follows:

£

Ordinary £1 share

106,080

"A" ordinary £1 shares

58,040

"B" ordinary £1 shares

53,040

"C" ordinary £1 shares

53,040

"D" ordinary £1 shares

53,040

4% Preference £1 shares

6,800

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 November 2024 to the date of this report.

D Craggs

H Craggs

A E Tocu

K Rayner

A Craggs

A C Tocu

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. 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). 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 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;

-	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. They 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Clive Owen LLP, are deemed to be re-appointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

D Craggs - Director

24 July 2026

Qualified opinion

We have audited the financial statements of Beamish Hall Limited (the 'company') for the year ended 31 October 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of 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, except for the effects of the matter described in the Basis for qualified opinion section of our report, the financial statements:

- 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 year then ended;

- have been properly prepared in accordance with United Kingdom Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for qualified opinion

We were unable to obtain sufficient appropriate audit evidence to support the fair value of freehold property amounting to £4,757,473, which is included in the balance sheet at 31 October 2025. Management failed to engage an independent, external valuer with sufficient regularity, and therefore we were unable to determine whether any adjustments were necessary to the freehold property balance and the corresponding valuation gains/losses in the profit and loss account.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' 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 qualified 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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

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 or the Report of the Directors.

We have nothing to report in respect of the following matters where 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 Statement of Directors' Responsibilities set out on page four, 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 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.

Auditors' responsibilities for the audit of the financial statements

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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We undertake the following procedures to identify and respond to these risks of non-compliance:

- Understanding the key legal and regulatory frameworks that are applicable to the Company. We communicated identified laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. We determined the most significant of these to be financial reporting legislation, Food Standards Agency, environmental agency, company law, taxation legislation, health & safety, and employment law.

- Enquiry of directors and management as to policies and procedures to ensure compliance and any known instances of non-compliance.

- Review of board minutes and correspondence with regulators.

- Enquiry of directors and management as to areas of the financial statements susceptible to fraud and how these risks are managed.

- Challenging management on key estimates, assumptions and judgements made in the preparation of the financial statements. These key areas of uncertainty are disclosed in the accounting policies.

- Identifying and testing unusual journal entries, with a particular focus on manual journal entries.

Through these procedures, we did not become aware of actual or suspected non-compliance.

We planned and performed our audit in accordance with auditing standards but owing to the inherent limitations of procedures required in these areas, there is an unavoidable risk that we may not have detected a material misstatement in the accounts. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve concealment, collusion, forgery, misrepresentations, or override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 a Report of the Auditors 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.

Simon Hook FCCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

Chartered Accountants and Statutory Auditors

Kepier House

Belmont Business Park

Durham

DH1 1TW

24 July 2026

TURNOVER

3

5,433,076

4,917,547

Cost of sales

(1,144,573

)

(1,073,898

)

GROSS PROFIT

4,288,503

3,843,649

Administrative expenses

(3,352,361

)

(3,150,916

)

936,142

692,733

Other operating income

11,111

36,953

OPERATING PROFIT

5

947,253

729,686

Interest receivable and similar income

12,030

13,018

959,283

742,704

Interest payable and similar expenses

6

(80,456

)

(101,932

)

PROFIT BEFORE TAXATION

878,827

640,772

Tax on profit

7

(222,290

)

(163,610

)

PROFIT FOR THE FINANCIAL YEAR

656,537

477,162

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

656,537

477,162

FIXED ASSETS

Intangible assets

9

6,461

1,342

Tangible assets

10

5,169,601

5,150,533

5,176,062

5,151,875

CURRENT ASSETS

Stocks

11

60,019

44,194

Debtors

12

126,565

83,953

Cash at bank and in hand

925,223

1,128,563

1,111,807

1,256,710

CREDITORS

Amounts falling due within one year

13

(2,222,298

)

(2,342,360

)

NET CURRENT LIABILITIES

(1,110,491

)

(1,085,650

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,065,571

4,066,225

CREDITORS

Amounts falling due after more than one year

14

(982,250

)

(1,323,254

)

PROVISIONS FOR LIABILITIES

18

(83,738

)

(76,685

)

NET ASSETS

2,999,583

2,666,286

CAPITAL AND RESERVES

Called up share capital

19

2,501

2,501

Revaluation reserve

20

1,679,655

1,679,655

Retained earnings

20

1,317,427

984,130

SHAREHOLDERS' FUNDS

2,999,583

2,666,286

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2026 and were signed on its behalf by:

D Craggs - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 November 2023

2,501

825,308

1,679,655

2,507,464

Changes in equity

Dividends

-

(318,340

)

-

(318,340

)

Total comprehensive income

-

477,162

-

477,162

Balance at 31 October 2024

2,501

984,130

1,679,655

2,666,286

Changes in equity

Dividends

-

(323,240

)

-

(323,240

)

Total comprehensive income

-

656,537

-

656,537

Balance at 31 October 2025

2,501

1,317,427

1,679,655

2,999,583

Cash flows from operating activities

Cash generated from operations

1

707,849

1,078,171

Interest paid

(73,039

)

-

Finance costs paid

6,000

-

Tax paid

(165,038

)

(169,905

)

Net cash from operating activities

475,772

908,266

Cash flows from investing activities

Purchase of intangible fixed assets

(6,688

)

-

Purchase of tangible fixed assets

(106,758

)

(84,999

)

Sale of tangible fixed assets

-

1,633

HP interest paid

(617

)

(416

)

Interest received

12,030

13,018

Net cash from investing activities

(102,033

)

(70,764

)

Cash flows from financing activities

Loan repayments in year

(106,720

)

(185,645

)

HP repayments in year

(3,157

)

(18,162

)

Amount introduced by directors

29,818

5,422

Amount withdrawn by directors

(10,980

)

(1,857

)

Preference share buy back

(150,000

)

-

Equity dividends paid

(323,240

)

(318,340

)

Dividends paid on preference shares

(12,800

)

(12,800

)

Net cash from financing activities

(577,079

)

(531,382

)

(Decrease)/increase in cash and cash equivalents

(203,340

)

306,120

Cash and cash equivalents at beginning of year

2

1,128,563

822,443

Cash and cash equivalents at end of year

2

925,223

1,128,563

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

878,827

640,772

Depreciation charges

89,259

93,203

Profit on disposal of fixed assets

-

(38

)

Finance costs

80,456

101,932

Finance income

(12,030

)

(13,018

)

1,036,512

822,851

Increase in stocks

(15,825

)

(5,432

)

(Increase)/decrease in trade and other debtors

(42,612

)

9,755

(Decrease)/increase in trade and other creditors

(270,226

)

250,997

Cash generated from operations

707,849

1,078,171

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 October 2025

31.10.25

1.11.24

£

£

Cash and cash equivalents

925,223

1,128,563

Year ended 31 October 2024

31.10.24

1.11.23

£

£

Cash and cash equivalents

1,128,563

822,443

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.11.24

Cash flow

At 31.10.25

£

£

£

Net cash

Cash at bank and in hand

1,128,563

(203,340

)

925,223

1,128,563

(203,340

)

925,223

Debt

Finance leases

(5,413

)

3,157

(2,256

)

Debts falling due within 1 year

(272,255

)

(33,699

)

(305,954

)

Debts falling due after 1 year

(1,210,436

)

290,419

(920,017

)

(1,488,104

)

259,877

(1,228,227

)

Total

(359,541

)

56,537

(303,004

)

1.	STATUTORY INFORMATION

Beamish Hall 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

There were no material departures from that standard.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going Concern

The company meets its day-to-day working capital requirements through its cash balances and loan facilities.

The directors have prepared financial forecasts which, having regard for reasonably possible changes in trading performance as a result of the current economic environment, indicate that the company will maintain sufficient financial headroom to enable it to continue meeting its liabilities as they fall due in the normal course of business for at least the next twelve months following approval of these financial statements.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Although these estimates and associated assumptions are based on historical experience and management's best knowledge of current events and actions, the actual results may ultimately differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The basis of key estimates that management have considered in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Valuation of property - the company holds property which is measured at fair value in accordance with FRS102. The valuation of this property involves the use of significant judgement in determining appropriate valuation techniques and inputs.

Turnover

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

Income recognition

Income is recognised upon delivery of goods or service to the customer.

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.

Internet site costs - 20% on reducing balance

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings freehold

-

not provided

Plant and machinery

-

20% - 33% on reducing balance

Tangible fixed assets other than land and buildings are stated at cost less depreciation.

Land and buildings are recognised initially at cost and subsequently by a revalued amount, being its fair value at the date of revaluation less any subsequent impairment losses. Further depreciation is not provided due to the constant upkeep of the hotel land and buildings. If an asset's carrying value increases due to a revaluation, the increase is recognised in other comprehensive income and accumulated in equity. Where the gain reverses a previous revaluation decrease in respect of the same asset which has been recognised in profit or loss, in such cases, the gain is taken to profit or loss to the extent of the previously recognised loss with any resulting excess being recognised in the revaluation reserve. If an asset's carrying value decreases due to a revaluation, the decrease is recognised in other comprehensive income and reduces any previous increase that has accumulated in equity for that asset. If the decrease exceeds the accumulated gains the excess is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and selling price less estimated costs to sell, after making due allowances fo obsolete and slow moving items.

Financial instruments

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the profit or loss account.

Basic financial liabilities, including trade and other payables, bank loans 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 receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 taxation

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance lease are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Preference shares

Redeemable preference shares are classified as liabilities. The dividends on these preference shares are taken to the Profit and Loss Account as an expense.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Dividends

Dividends and other distributions to the company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2025

2024

£

£

Sale of goods

2,961,802

2,711,365

Room hire & entertainment

2,471,274

2,206,182

5,433,076

4,917,547

All income in the current year and prior arose from activities concluded in the United Kingdom.

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

2,115,664

1,957,756

Social security costs

185,459

130,663

Other pension costs

34,529

31,722

2,335,652

2,120,141

The average number of employees during the year was as follows:

2025

2024

Hotel staff

119

124

Directors

6

6

Administration

13

13

138

143

2025

2024

£

£

Directors' remuneration

66,498

70,392

Directors' pension contributions to money purchase schemes

725

430

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

5

5

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Hire of plant and machinery

3,069

2,783

Depreciation - owned assets

82,059

86,325

Depreciation - assets on hire purchase contracts

5,631

6,542

Profit on disposal of fixed assets

-

(38

)

Internet Site Costs amortisation

1,569

336

Auditors' remuneration

8,000

8,000

Operating lease expenses

25,338

24,132

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank loan interest

73,039

88,716

Hire purchase interest

617

416

Dividends - preference shares

6,800

12,800

80,456

101,932