Filleted

Registration number: 12260375

Spilman Hotel Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

Spilman Hotel Ltd

Company Information

Directors

Mr A Davies Mrs C R Davies

Registered office

Spilman Hotel 36 Spilman Street Carmarthen Carmarthenshire SA31 1LQ

Spilman Hotel Ltd

(Registration number: 12260375)
Balance Sheet as at 31 October 2025

	Note	2025 £	(As restated) 2024 £
Fixed assets
Tangible assets	5	67,682	17,487
Current assets
Stocks	6	500	527
Debtors	7	61,950	61,950
Cash at bank and in hand		156,274	90,119
		218,724	152,596
Creditors: Amounts falling due within one year	8	(205,139)	(117,270)
Net current assets		13,585	35,326
Net assets		81,267	52,813
Capital and reserves
Called up share capital		400	2
Profit and loss account		80,867	52,811
Total equity		81,267	52,813

For the financial period ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 13 July 2026 and signed on its behalf by:
 

......................................... Mr A Davies Director

Spilman Hotel Ltd

Notes to the Financial Statements for the Period from 30 October 2024 to 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Spilman Hotel
36 Spilman Street
Carmarthen
Carmarthenshire
SA31 1LQ

These financial statements were authorised for issue by the Board on 13 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Spilman Hotel Ltd

Notes to the Financial Statements for the Period from 30 October 2024 to 31 October 2025

Asset class	Depreciation method and rate
Plant and machinery	10% Reducing balance
Motor vehicles	20% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Spilman Hotel Ltd

Notes to the Financial Statements for the Period from 30 October 2024 to 31 October 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 7 (2024 - 6).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	8,264	4,372

5	Tangible assets

	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 30 October 2024	-	21,859	21,859
Additions	58,459	-	58,459
At 31 October 2025	58,459	21,859	80,318
Depreciation
At 30 October 2024	-	4,372	4,372
Charge for the period	4,767	3,497	8,264
At 31 October 2025	4,767	7,869	12,636
Carrying amount
At 31 October 2025	53,692	13,990	67,682
At 29 October 2024	-	17,487	17,487

6

Stocks

	2025 £	2024 £
Other inventories	500	527

Spilman Hotel Ltd

Notes to the Financial Statements for the Period from 30 October 2024 to 31 October 2025

7

Debtors

	Note	2025 £	(As restated) 2024 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest	10	61,950	61,950
		61,950	61,950

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		23,199	33,191
Taxation and social security		20,993	15,867
Directors' loan accounts	10	84,448	62,370
Outstanding defined contribution pension costs		10,771	-
Other creditors		65,728	5,842
		205,139	117,270