Company registration number 15402812 (England and Wales)
HASTINGS RETREAT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
HASTINGS RETREAT LTD
COMPANY INFORMATION
Directors
D J Jacques
J C Jacques
Company number
15402812
Registered office
C/o M J Goldman
Hollinwood Business Centre
Albert Street
Oldham
OL8 3QL
Accountants
M J Goldman (Chartered Accountants)
Hollinwood Business Centre
Albert Street
Oldham
Lancashire
OL8 3QL
Business address
The Granary
Hill Farm
Willesley Wood Side
Ashby-De-La-Zouch
England
LE65 2UP
HASTINGS RETREAT LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
HASTINGS RETREAT LTD
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
26,954
33,744
Investment property
4
3,196,869
3,164,988
3,223,823
3,198,732
Current assets
Debtors
5
39,332
4,961
Cash at bank and in hand
163,550
24,973
202,882
29,934
Creditors: amounts falling due within one year
6
(19,955)
(50,086)
Net current assets/(liabilities)
182,927
(20,152)
Total assets less current liabilities
3,406,750
3,178,580
Creditors: amounts falling due after more than one year
7
(197,409)
-
0
Provisions for liabilities
997
(8,436)
Net assets
3,210,338
3,170,144
Capital and reserves
Called up share capital
8
3,125,474
3,125,474
Profit and loss reserves
84,864
44,670
Total equity
3,210,338
3,170,144
HASTINGS RETREAT LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2026
31 January 2026
- 2 -

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 August 2026 and are signed on its behalf by:
D J Jacques
Director
Company registration number 15402812 (England and Wales)
HASTINGS RETREAT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 3 -
1
Accounting policies
Company information

Hastings Retreat Ltd is a private company limited by shares incorporated in England and Wales. The registered office is C/o M J Goldman, Hollinwood Business Centre, Albert Street, Oldham, OL8 3QL.

1.1
Reporting period

The company was incorporated on 10 January 2024 and therefore the comparative reporting period is slightly longer than 12 months.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates

Revenue arising from the provision of furnished holiday accommodation is accounted for on receipt.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10% straight line
Fixtures and fittings
20% straight line
Computers
33.33% straight line
Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

HASTINGS RETREAT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include debtors and cash, together with basic financial liabilities, including creditors, are initially recognised at transaction cost and not amortised as they are either receivable or payable within one year.

Creditors payable after one year constitutes a commercial business loan with a market rate of interest being

applied. This is recognised in full.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

HASTINGS RETREAT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 5 -
1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.11
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
16
17
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2025
41,439
Additions
891
At 31 January 2026
42,330
Depreciation and impairment
At 1 February 2025
7,695
Depreciation charged in the year
7,681
At 31 January 2026
15,376
Carrying amount
At 31 January 2026
26,954
At 31 January 2025
33,744
HASTINGS RETREAT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 6 -
4
Investment property
2026
£
Fair value
At 1 February 2025
-
0
Additions
3,196,869
At 31 January 2026
3,196,869

The valuations of investment properties were made on the 31 January 2026 by the directors, on an open market basis. If valued at original cost this would be £3,196,869.

5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
39,332
4,961
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
5,175
-
0
Taxation and social security
14,780
13,695
Other creditors
-
0
36,391
19,955
50,086
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
197,409
-
0

The company's bank loans were secured by charges against the company's investment property. As at 31 January 2026, the total value of secured loans was £202,584 (202 5: £nil).

8
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
3,125,474
3,125,474
3,125,474
3,125,474
HASTINGS RETREAT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 7 -
9
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026
2025
£
£
Total commitments
16,809
23,765
10
Directors' transactions

During the year Mr & Mrs Jacques, who are directors and shareholders of the company, withdrew £80,267(2025 : £9,607). After accounting for for net wages and expenses paid personally, at the year end £38,965 was owed to the company (2025 : £ 36,391 owed to the directors). Interest has been charged on this loan. This balance was repaid in full within 9 months of the year end.

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