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Registered number: 01884030 OCKENDEN MANOR LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
OCKENDEN MANOR LIMITED COMPANY INFORMATION
Directors | L I P Carminger
| M A Carminger
Company secretary | L I P Carminger
Registered number | 01884030
Registered office | Fourteen Acre Barn
| Climping Street
| Climping
| Littlehampton
| West Sussex
| BN17 5TG
Independent auditors | Nyman Libson Paul LLP
| Chartered Accountants & Statutory Auditors
| 124 Finchley Road
| London
| NW3 5JS
OCKENDEN MANOR LIMITED CONTENTS
| Page
Strategic report | 1 - 2
Directors' report | 3 - 4
Independent auditors' report | 5 - 8
Statement of income and retained earnings | 9
Statement of financial position | 10
Statement of changes in equity | 11
Notes to the financial statements | 12 - 24
OCKENDEN MANOR LIMITED STRATEGIC REPORT FOR THE PERIOD ENDED 30 NOVEMBER 2025 The directors present the strategic report and financial statements for the period ended 30 November 2025.
Principal activity
The principal activity of the company during the period continued to be the operation of a luxury country house hotel and wellness centre.
Fair review of the business
The company is operating in an established and specialised niche within the hospitality industry and competing with an appropriate business model. The company largely competes in the southern part of England with providers of luxury hotel and spa services. The historic premises and parkland of the company’s operation has over many years been subject to substantial investment and development. The company operates in a wide ranging legal and regulatory environment such as but not limited to: corporate governance, health and safety, environment, bribery and corruption, employment law and diversity, disability access, data privacy and information protection, relationships, accounting and taxation. The overriding aim of the company is to further strengthen its financial position, produce the reserves needed to continue to reward its employees and shareholders, provide funds for future capital investment and provide support to the local community. Operationally the company is focused on customer or guest satisfaction. The aim of the company is to meet those needs and develop customer loyalty. Over many years the company has made continuing and substantial capital investment into the property by way of upgrading, bedroom expansion, the addition of facilities such as the wellness centre and technological improvements. These changes have enabled the business to upscale its price point(s), increase volumes and reduce per capita cost, bringing about a significant and substantive improvement in operating margins and ultimately earnings. To continue to grow its business substantially and responsibly the company needs a talented and passionate team of people and we as a company employ and attract some of the best professionals in our sector. The company is a subsidiary of a larger hotel operating group and as such has access to a broader range of operational technologies and systems which will deliver commercial advantage. The directors consider the financial performance in 2025 to be satisfactory. Page 1
OCKENDEN MANOR LIMITED STRATEGIC REPORT (CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2025
Principal risks and uncertainties
The company is a subsidiary of Historic Sussex Hotels Limited and the company may be directly or indirectly impacted by circumstances that affect the parent company or its subsidiaries. The 'risks and uncertainties' stated below may be common to the company, the parent and its subsidiaries. The company is exposed to political and economic developments such as recession, inflation, availability of credit and currency fluctuations that could lower revenues, reduce profit and ultimately impact the value of the business. The room rates and occupancy levels of the company could be adversely impacted by events that reduce domestic travel, such as natural disasters, pandemics and epidemics, national, regional and local viral outbreaks and consequent restrictions imposed by respective authorities. A decrease in demand for hotel rooms as a result of such events may have an adverse effect on the company operations and financial results. In addition, inadequate contingency planning or recovery capability in relation to a major incident or crisis may prevent operational continuity and consequently impact the reputation of the company. The company is required to comply with existing and changing regulations. This affects countless aspects of the company's business ranging from corporate governance, health and safety, environment, bribery and corruption, employment law and diversity, disability access, data privacy and information protection, relationships, accounting and taxation. Regulatory changes may require significant changes in the way the business operates and may inhibit the strategy including the markets the company operates in, brand protection and use of transmittal or customer data. If the company fails to comply with existing or changing regulation, the company may be subject to fines, prosecution or loss of operational licenses, which may cause the company to cease or restrict normal trading levels, or reputation damage. The company and wider group is exposed to a variety of risks associated with its financial stability and ability to borrow and satisfy debt covenants. The company and group has utilised its own capital and utilised lenders funds in order to develop and extend its business. The group is reliant upon having financial strength to meet its debt service covenants. Non-compliance with these covenants could result in the lenders demanding repayment of the funds advanced.
Financial key performance indicators
The company has a holistic set of carefully selected key performance indicators (KPI's) to monitor its success in achieving strategy. In particular the company uses the following measures to monitor performance: - Revenue - Staff costs as a ratio to revenue - EBITDA The company's recent performance against these KPI's is summarised below • Revenue in the year decreased by 8% • Staff costs as a % of revenue was 38% • EBITDA increased by 17% This report was approved by the board on 19 June 2026 and signed on its behalf.
L I P Carminger Director
Page 2
OCKENDEN MANOR LIMITED DIRECTORS' REPORT FOR THE PERIOD ENDED 30 NOVEMBER 2025 The directors present their report and the financial statements for the period ended 30 November 2025.
Directors
The directors who served during the period were:
L I P Carminger
M A Carminger
Directors' responsibilities statement
The directors are responsible for preparing the strategic report, the directors' report 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Company's financial statements and then apply them consistently; ∙make judgments and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; ∙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 to 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.
Results and dividends
The profit for the period, after taxation, amounted to £361,614 (2024 - £317,154). There was no dividend paid during the year.
Engagement with employees
Information of matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the Company's performance. Page 3
OCKENDEN MANOR LIMITED DIRECTORS' REPORT (CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2025
Disclosure of information to auditors
Each of the persons who are directors at the time when this directors' report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
Post balance sheet events
There have been no significant events affecting the Company since the year end.
Auditors
The auditors, Nyman Libson Paul LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. This report was approved by the board on 19 June 2026 and signed on its behalf.
L I P Carminger Director
Page 4
OCKENDEN MANOR LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF OCKENDEN MANOR LIMITED
Opinion
We have audited the financial statements of Ockenden Manor Limited (the 'Company') for the period ended 30 November 2025, which comprise the statement of income and retained earnings, the statement of financial position, the statement of changes in equity and the related notes, 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 the financial statements: ∙give a true and fair view of the state of the Company's affairs as at 30 November 2025 and of its profit for the period then ended; ∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ∙have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
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 United Kingdom, including the Financial Reporting Council'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 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. Page 5
OCKENDEN MANOR LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF OCKENDEN MANOR LIMITED (CONTINUED)
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.
Opinion 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 directors' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and ∙the strategic report and the directors' report 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 directors' report. We have nothing to report in respect of the following matters in relation to which 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 directors' responsibilities statement set out on page 3, 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 is 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. Page 6
OCKENDEN MANOR LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF OCKENDEN MANOR LIMITED (CONTINUED)
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 an auditors' report 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. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We gained an understanding of the legal and regulatory framework applicable to the Company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that 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 deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We focused on laws and regulations which could give rise to a material misstatement in the financial statements. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, 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. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. 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 auditors' report. Page 7
OCKENDEN MANOR LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF OCKENDEN MANOR LIMITED (CONTINUED)
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 an auditors' report 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. Hetal Mistry (Senior Statutory Auditor) for and on behalf of Nyman Libson Paul LLP Chartered Accountants Statutory Auditors 124 Finchley Road London NW3 5JS 2 July 2026 Page 8
OCKENDEN MANOR LIMITED STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE PERIOD ENDED 30 NOVEMBER 2025
| 2025 | 2024
Note | £ | £
Turnover | 4 | 5,581,381 | 5,180,971
Cost of sales |  | (505,100) | (485,880)
Gross profit |  | 5,076,281 | 4,695,091
Administrative expenses |  | (4,099,135) | (3,864,353)
Operating profit | 5 | 977,146 | 830,738
Interest receivable and similar income | 8 | 79,522 | 84,690
Interest payable and similar expenses | 9 | (578,066) | (497,874)
Profit before tax |  | 478,602 | 417,554
Tax on profit | 10 | (116,988) | (100,400)
Profit after tax |  | 361,614 | 317,154
Retained earnings at the beginning of the period |  | 3,260,397 | 2,943,243
|  | 3,260,397 | 2,943,243
Profit for the period |  | 361,614 | 317,154
Retained earnings at the end of the period |  | 3,622,011 | 3,260,397
The notes on pages 12 to 24 form part of these financial statements.
Page 9
OCKENDEN MANOR LIMITED REGISTERED NUMBER: 01884030 STATEMENT OF FINANCIAL POSITION AS AT 30 NOVEMBER 2025
|  | 30 November 2025 |  | 24 November 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 11 |  | 17,706,550 |  | 17,700,000
|  |  | 17,706,550 |  | 17,700,000
Current assets |  |  |  |  |
Stocks | 12 | 71,620 |  | 72,244 |
Debtors: amounts falling due within one year | 13 | 84,516 |  | 77,337 |
Cash at bank and in hand | 14 | 2,708,569 |  | 2,344,703 |
|  | 2,864,705 |  | 2,494,284 |
Creditors: amounts falling due within one year | 15 | (1,953,742) |  | (1,953,685) |
Net current assets |  |  | 910,963 |  | 540,599
Total assets less current liabilities |  |  | 18,617,513 |  | 18,240,599
Creditors: amounts falling due after more than one year | 16 |  | (5,383,372) |  | (5,383,372)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (1,938,700) |  | (1,923,400) |
|  |  | (1,938,700) |  | (1,923,400)
Net assets |  |  | 11,295,441 |  | 10,933,827
Capital and reserves |  |  |  |  |
Called up share capital | 18 |  | 100 |  | 100
Revaluation reserve |  |  | 7,673,330 |  | 7,673,330
Profit And Loss Account |  |  | 3,622,011 |  | 3,260,397
|  |  | 11,295,441 |  | 10,933,827
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 June 2026.
L I P Carminger
Director
The notes on pages 12 to 24 form part of these financial statements. Page 10
OCKENDEN MANOR LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 30 NOVEMBER 2025
| Called up share capital | Revaluation reserve | Profit and loss account | Total equity
| £ | £ | £ | £
At 26 November 2023 | 100 | 7,804,644 | 2,943,243 | 10,747,987
Profit for the period | - | - | 317,154 | 317,154
Deficit on revaluation of freehold property | - | (175,014) | - | (175,014)
Deferred tax | - | 43,700 | - | 43,700
At 24 November 2024 | 100 | 7,673,330 | 3,260,397 | 10,933,827
Profit for the period | - | - | 361,614 | 361,614
At 30 November 2025 | 100 | 7,673,330 | 3,622,011 | 11,295,441
| The notes on pages 12 to 24 form part of these financial statements.
Page 11
OCKENDEN MANOR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
1. | General information
Ockenden Manor Limited is a private company limited by shares incorporated in England and Wales. The registered office is Fourteen Acre Barn, Climping Street, Climping, Littlehampton, West Sussex, BN17 5TG. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The company's functional and representation currency is GBP. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3). This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements , including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group . The company has therefore taken advantage of exemptions from the following disclosure requirements:
| 2.2 | Financial Reporting Standard 102 - reduced disclosure exemptions
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": ∙the requirements of Section 7 Statement of Cash Flows; ∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d); ∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c); ∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; ∙the requirements of Section 33 Related Party Disclosures paragraph 33.7. This information is included in the consolidated financial statements of HSH Hotels (2017) Limited as at 30 November 2025 and these financial statements may be obtained from the Registrar of Companies in England and Wales. Page 12
OCKENDEN MANOR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025 2.Accounting policies (continued)
| 2.3 | Going concern
The financial statements have been prepared on a going concern basis. The directors have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment.The directors have performed a robust analysis of forecast future cash flows based on uninterrupted trading for the foreseeable future. Based on the business assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty in relation to the appropriateness of continuing to adopt the going concern basis in preparing the annual report and accounts.
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Revenue represents income from hotel, catering and spa treatment activities. Income from accommodation The hotel supplies conference and event facilities as well as hotel rooms to businesses and private customers. Revenue generated from the sale of rooms and conference and event facilities is recognised when the rooms are occupied, the functions have taken place and services have been rendered. Deposits received in advance are not recognised as revenue until the day of the stay or the event. Income from bars and restaurants The hotel operates bar and restaurant activities. Revenue comprises sales of food and drink and is recognised as income at the point of sale. Income from spa treatments and membership Spa membership joining fees are recognised in full at the time membership commences. Annual subscriptions are recognised evenly over the membership year.
| 2.5 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred. Page 13
OCKENDEN MANOR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025 2.Accounting policies (continued)
| 2.5 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - |  | Revaluation model - land not depreciated
|  |  |  | Fixtures and fittings | - | 20% | Reducing balance
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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.6 | Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
| 2.7 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. At each reporting date, an assessment is made 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 profit or loss.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of note more than 24 hours.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.10 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of Page 14
OCKENDEN MANOR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025 2.Accounting policies (continued)
| 2.10 | Financial instruments (continued)
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price.
| 2.12 | Government assistance
Government assistance received in respect of Business Rates Relief is recognised as a reduction to the corresponding expenditure.
| 2.13 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.
| 2.14 | Pensions
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 payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.15 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.16 | Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred. Page 15
OCKENDEN MANOR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025 2.Accounting policies (continued)
| 2.17 | Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the statement of financial position.
| 2.18 | Current and deferred taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.19 | Comparatives
Comparatives are for the period 27 November 2023 to 24 November 2024. Page 16
OCKENDEN MANOR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In preparing these financial statements, the directors have had to make the following judgments: • Determine whether leases entered into by the company either as a lessor or a lessee are operating lease or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis. • Determine whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Revaluation of land and buildings The company carries its property, plant and equipment at fair value with change in fair value being recognised in other comprehensive income. The judgement relating to the fair value is based on the director's use of the professional valuation carried out on behalf of the company's bankers in February 2025 at £17.7m, taking into account any additions and depreciation since the date of valuation. The valuation was carried out in accordance with the RICS Valuation – Global Standards effective from 31 January 2020, published by the Royal Institution of Chartered Surveyors (“RICS’’) by Avison Young LLP, an independent firm of Chartered Surveyors.Freehold land and buildings are maintained to such a standard that their estimated residual value is not materially less than their carrying value, therefore no depreciation is charged on freehold land and buildings as it is not considered material. Tangible assets Tangible assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on the number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4. | Turnover
The whole of the company's turnover is attributable to its principal activity.
| All turnover arose within the United Kingdom.
Page 17
OCKENDEN MANOR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
5. | Operating profit
| The operating profit is stated after charging:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Depreciation | 67,612 | 65,975
6. | Auditors' remuneration
| During the period, the Company obtained the following services from the Company's auditors:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fees payable to the Company's auditors for the audit of the Company's financial statements | 8,500 | 8,000
| The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.
7. | Employees
| Staff costs were as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Wages and salaries | 1,927,726 | 1,741,870
| Social security costs | 155,077 | 107,859
| Cost of defined contribution scheme | 36,546 | 32,653
|  | 2,119,349 | 1,882,382
| The average monthly number of employees, including the directors, during the period was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Management and administration | 15 | 15
|  | Household and garden | 80 | 74
|  |  | 95 | 89
Page 18
OCKENDEN MANOR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
8. | Interest receivable
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other interest receivable | 79,522 | 84,690
|  | 79,522 | 84,690
9. | Interest payable and similar expenses
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank interest payable | 54 | 1,838
| Loans from group undertakings | 578,012 | 496,036
|  | 578,066 | 497,874
10. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 101,688 | 80,645
| Adjustments in respect of previous periods | - | (2,245)
|  | 101,688 | 78,400
| Total current tax | 101,688 | 78,400
| Deferred tax |  |
| Origination and reversal of timing differences | 15,300 | 22,000
| Total deferred tax | 15,300 | 22,000
| Tax on profit | 116,988 | 100,400
Page 19
OCKENDEN MANOR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025 10.Taxation (continued)
| Factors affecting tax charge for the period
| The tax assessed for the period is lower than (2024 - lower than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
|  |  |  |  | 30 November 2025 | 24 November 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 478,602 | 417,544
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | 119,651 | 104,386
| Effects of: |  |
| Expenses not deductible for tax purposes, other than goodwill amortisation and impairment | - | (703)
| Capital allowances for period in excess of depreciation | (18,333) | (23,040)
| Other timing differences | 15,300 | 22,000
| Other differences leading to an increase (decrease) in the tax charge | 370 | (2,243)
| Total tax charge for the period | 116,988 | 100,400
Page 20
OCKENDEN MANOR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
11. | Tangible fixed assets
|  | Freehold property | Fixtures and fittings | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 December 2024 | 17,500,786 | 2,023,514 | 19,524,300
| Additions | - | 74,162 | 74,162
| At 30 November 2025 | 17,500,786 | 2,097,676 | 19,598,462
| Depreciation |  |  |
| At 1 December 2024 | 64,686 | 1,759,614 | 1,824,300
| Charge for the period on owned assets | - | 67,612 | 67,612
| At 30 November 2025 | 64,686 | 1,827,226 | 1,891,912
| Net book value |  |  |
| At 30 November 2025 | 17,436,100 | 270,450 | 17,706,550
| At 30 November 2024 | 17,436,100 | 263,900 | 17,700,000
| The net book value of land and buildings may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Freehold land and buildings | 17,436,100 | 17,436,100
|  | 17,436,100 | 17,436,100
| A professional valuation on behalf of the group's bankers of the property, plant and equipment was carried out as at 4 February 2025 on the basis of market value (existing use as a hotel) at that date. This valuation was reflected in the financial statements as at 24 November 2024. If the land and buildings had not been included at valuation they would have been included under the historical cost convention, the carrying amounts would have been £8,349,370 (2024: £8,349,370) being cost totalling £8,414,056 (2024: £8,414,056) less depreciation totalling £64,686 (2024: £64,686).
Page 21
OCKENDEN MANOR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
12. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 71,620 | 72,244
|  | 71,620 | 72,244
13. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 39,224 | 21,286
| Prepayments and accrued income | 44,935 | 55,694
| Other debtors | 357 | 357
|  | 84,516 | 77,337
14. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 2,708,569 | 2,344,703
|  | 2,708,569 | 2,344,703
15. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 377,327 | 370,893
| Trade creditors | 141,978 | 248,497
| Corporation tax | 55,688 | 38,645
| Other taxation and social security | 167,586 | 127,621
| Other creditors | 128,325 | 115,852
| Accruals and deferred income | 1,082,838 | 1,052,177
|  | 1,953,742 | 1,953,685
Page 22
OCKENDEN MANOR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
16. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 5,383,372 | 5,383,372
|  | 5,383,372 | 5,383,372
| Secured Loans: Interest is charged on loans from group undertakings at a commercial rate. This rate is based on the interest rate charged on loans held in the ultimate parent company.
17. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (1,923,400)
| Charged to profit or loss | (15,300)
| At end of year | (1,938,700)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (533,300) | (515,000)
| Revaluation of land and buildings | (1,413,400) | (1,413,400)
| Other short term timing differences | 8,000 | 5,000
|  | (1,938,700) | (1,923,400)
18. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | Enter number Ordinary shares of £1.00 each | 100 | 100
Page 23
OCKENDEN MANOR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
19. | Contingent liabilities
The company has entered into unlimited corporate guarantees along with its parent company and fellow subsidiary undertakings HSH Hotels (2017) Limited, Historic Sussex Hotels, The Spread Eagle Hotel (Midhurst) Limited and Bailiffscourt Limited in respect of the groups banking facilities. At the balance sheet date, the amount outstanding was £20,000,000 (2024: £20,000,000).
20. | Pension commitments
The company operates certain defined contribution pension schemes. The assets of the scheme are held separately from those of the company in independently administered funds. The pension cost charge represents contributions payable by the company to the fund and amounted to £36,546 (2024: £32,653). Contributions totalling £4,742 (2024: £3,263) were payable to the fund at the reporting date.
21. | Related party transactions
| The company forms part of a wholly owned group for which consolidated financial statements are publicly available. Accordingly the company has taken advantage of the exemptions provided by FRS 102 not to disclose transactions with other group entities including its parent and fellow subsidiary undertakings. Group companies have given various guarantees to secure the company's bank borrowings. Additionally the company has entered into unlimited corporate guarantees along with its fellow subsidiary undertakings The Spread Eagle Hotel (Midhurst) Limited and Bailiffscourt Limited in respect of all liabilities incurred between them.
22. | Controlling party
The ultimate parent company is HSH Hotels (2017) Limited which is the parent undertaking for the largest group for which the financial statements are drawn up and of which the company is a member. The financial statements of HSH Hotels (2017) Limited are filed with the Registrar of Companies in England and Wales. At the balance sheet date the company and the group of which it is a member were under the control of Mr L I P Carminger and Mrs M A Carminger.
Page 24