Company No: 01913114 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	17,993		19,909
Investment property	4	250,000		250,000
Investments	5	1,965,921		2,265,055
		2,233,914		2,534,964
Current assets
Debtors	6	17,906		16,545
Cash at bank and in hand		964,117		630,451
		982,023		646,996
Creditors: amounts falling due within one year	7	( 69,156)		( 77,067)
Net current assets		912,867		569,929
Total assets less current liabilities		3,146,781		3,104,893
Net assets		3,146,781		3,104,893
Capital and reserves
Called-up share capital		107		107
Share premium account		121,873		121,873
Fair value reserve		147,603		147,603
Profit and loss account		2,877,198		2,835,310
Total shareholder's funds		3,146,781		3,104,893

For the financial year ending 30 April 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Warm Welcome Management Limited (registered number: 01913114) were approved and authorised for issue by the Board of Directors on 05 October 2026. They were signed on its behalf by:

P B M Cliff Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Warm Welcome Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 9 Lady Park Road, Livermead, Torquay, Devon, TQ2 6UA, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised when they are delivered.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	15 % reducing balance
Fixtures and fittings	15 % reducing balance
Office equipment	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	11		11

3. Tangible assets

	Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 May 2025	21,866		28,930		1,669		52,465
Additions	0		0		1,123		1,123
At 30 April 2026	21,866		28,930		2,792		53,588
Accumulated depreciation
At 01 May 2025	3,280		28,930		346		32,556
Charge for the financial year	2,788		0		251		3,039
At 30 April 2026	6,068		28,930		597		35,595
Net book value
At 30 April 2026	15,798		0		2,195		17,993
At 30 April 2025	18,586		0		1,323		19,909

4. Investment property

	Investment property
	£
Valuation
As at 01 May 2025	250,000
As at 30 April 2026	250,000

Valuation

The investment property was revalued on 30 April 2023 by the directors on an open market basis. The directors have considered the valuation of the investment property at the balance sheet date and have concluded that it remains materially correct.

5. Fixed asset investments

Investments in subsidiaries

	2026
	£
Cost
At 01 May 2025	100
At 30 April 2026	100
Carrying value at 30 April 2026	100
Carrying value at 30 April 2025	100

	Loans		Total
	£		£
Cost or valuation before impairment
At 01 May 2025	2,292,360		2,292,360
Advanced in the year	3,106,396		3,106,396
Repaid in the year	(3,405,530)		(3,405,530)
At 30 April 2026	1,993,226		1,993,226
Provisions for impairment
At 01 May 2025	27,405		27,405
At 30 April 2026	27,405		27,405
Carrying value at 30 April 2026	1,965,821		1,965,821
Carrying value at 30 April 2025	2,264,955		2,264,955

Investments in shares

At the balance sheet date, the company had 1 (2025 - 1) wholly owned subsidiary.

6. Debtors

	2026		2025
	£		£
Trade debtors	13,356		10,795
Other debtors	4,550		5,750
	17,906		16,545

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Amounts owed to directors	1,582		4,998
Accruals	4,300		11,714
Corporation tax	31,525		28,760
Other taxation and social security	23,919		22,398
Other creditors	7,830		9,197
	69,156		77,067

Amounts owed to directors are repayable on demand and do not bear interest.

8. Financial commitments

Commitments

The company has guaranteed the bank facilities of its subsidiary, Warm Welcome Hotels (Southern) Limited. The directors consider that Warm Welcome Hotels (Southern) Limited will continue to trade within the terms of its facilities and that the guarantee is highly unlikely to be called in. The amount guaranteed is £2,421 (2025 - £3,797)

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2026		2025
	£		£
Within one year	10,135		9,522
Between one and five years	19,555		11,838
After five years	38,926		33,715
	68,616		55,075

The total commitment shown above is in relation to non-cancellable operating leases on business premises and vehicle hire.

9. Related party transactions

Transactions with owners holding a participating interest in the entity

The company has taken advantage of the exemptions provided from disclosing transactions with its parent company, on the grounds that it is a wholly owned subsidiary.

Transactions with entities in which the entity itself has a participating interest

The company has taken advantage of the exemptions provided from disclosing transactions with its wholly owned subsidiary.

Transactions with the entity's directors

The Directors' loan accounts are repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 May 2025, the balance owed by the directors was £nil. During the year, £nil was advanced to the directors, and £nil was repaid by the directors. At 30 April 2026, the balance owed by the directors was £nil.

At 1 May 2024, the balance owed by the directors was £92,990. During the year, £nil was advanced to the directors, and £92,990 was repaid by the directors. At 30 April 2025, the balance owed by the directors was £nil.

10. Ultimate controlling party

The company's immediate parent is Warm Welcome 2022 Limited, incorporated in England and Wales. Its registered office address is:

9 Lady Park Road
Livermead
Torquay
Devon
United Kingdom
TQ2 6UA

These financial statements are available upon request from Companies House, Cardiff.