REGISTERED NUMBER: 10439190 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th November 2025

for

The Compass Inn (Tormarton) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P Monyard

R N H Monyard

REGISTERED OFFICE:

The Compass Inn

Tormarton

Badminton

Bristol

Gloucestershire

GL9 1JB

REGISTERED NUMBER:

10439190 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Intangible assets

4

187,000

204,000

Tangible assets

5

18,873

32,192

205,873

236,192

CURRENT ASSETS

Stocks

13,481

13,481

Debtors

6

32,287

18,893

Cash at bank and in hand

7

127,274

175,637

173,042

208,011

CREDITORS

Amounts falling due within one year

8

185,803

167,039

NET CURRENT (LIABILITIES)/ASSETS

(12,761

)

40,972

TOTAL ASSETS LESS CURRENT LIABILITIES

193,112

277,164

CREDITORS

Amounts falling due after more than one year

9

(193,093

)

(214,497

)

PROVISIONS FOR LIABILITIES

-

(5,252

)

NET ASSETS

19

57,415

CAPITAL AND RESERVES

Called up share capital

11

10

10

Retained earnings

12

9

57,405

SHAREHOLDERS' FUNDS

19

57,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th September 2026 and were signed on its behalf by:

R N H Monyard - Director

1.	STATUTORY INFORMATION

The Compass Inn (Tormarton) Ltd 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling (£), which is the functional currency of the company.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

The directors do not consider that there are any critical judgements, other than those involving estimations, that have a significant effect on the amounts recognised in the financial statements.

The key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

Useful economic life of goodwill

The directors estimate the useful economic life of goodwill and review the carrying value for indicators of impairment. Changes in expected future trading performance may result in impairment or changes to the period over which goodwill is amortised.

Impairment of tangible fixed assets

The directors assess whether there are indicators of impairment and estimate recoverable amounts based on expected future cash flows generated by the business.

Deferred tax

Deferred tax balances are determined using estimates of the timing and extent of future reversals of timing differences and the tax rates expected to apply when those differences reverse.

Turnover

Turnover represents amounts receivable from the sale of food and beverages, accommodation income and other ancillary services provided by the company, net of discounts, refunds, value added tax and other sales taxes.

Revenue from food and beverage sales is recognised at the point the goods are supplied to customers, being when performance obligations have been satisfied.

Revenue from accommodation and room rental services is recognised over the period of the customer's stay, as the services are provided.

Turnover is measured at the fair value of consideration received or receivable. Where payment is received in advance of the provision of services, the amounts are recognised as deferred income until the performance obligations have been fulfilled

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost and 15% on cost

Computer equipment

-

33.33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities

Short-term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method.

Taxation

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

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

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.

Going concern

At the year end, the company had net liabilities. However, the directors have confirmed that, in their opinion, the company will be able to meet its liabilities as they fall due for the foreseeable future (being a period of not less than twelve months) due to their continued financial support of the company. Consequently, the company is considered to be a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st December 2024

and 30th November 2025

340,000

AMORTISATION

At 1st December 2024

136,000

Charge for year

17,000

At 30th November 2025

153,000

NET BOOK VALUE

At 30th November 2025

187,000

At 30th November 2024

204,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st December 2024

108,588

1,429

110,017

Disposals

(750

)

-

(750

)

At 30th November 2025

107,838

1,429

109,267

DEPRECIATION

At 1st December 2024

76,396

1,429

77,825

Charge for year

12,597

-

12,597

Eliminated on disposal

(28

)

-

(28

)

At 30th November 2025

88,965

1,429

90,394

NET BOOK VALUE

At 30th November 2025

18,873

-

18,873

At 30th November 2024

32,192

-

32,192

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

7,281

15,167

Other debtors

10,601

393

Directors' current accounts

1,247

-

Tax

3,196

-

Prepayments and accrued income

9,962

3,333

32,287

18,893

7.	CASH AT BANK AND IN HAND

30.11.25

30.11.24

£

£

Bank account no. 1

50,925

82,944

Bank account no. 2

57,924

85,103

Bank account no. 5

742

-

Bank account no. 6

9,152

1,548

Cash in hand

8,531

6,042

127,274

175,637

Cash and cash equivalents comprise cash at bank and in hand and short-term deposits with an original maturity of three months or less.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

20,809

22,753

Trade creditors

58,961

53,586

Tax

-

3,197

Social security and other taxes

8,282

4,955

VAT

40,251

33,576

Other creditors

40,760

34,501

Directors' current accounts

1,248

5,639

Accrued expenses

15,492

8,832

185,803

167,039

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans - 1-2 years

15,532

20,865

Bank loans - 2-5 years

56,812

51,705

Bank loans more 5 yr by instal

120,749

141,927

193,093

214,497

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

120,749

141,927

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

National Westminster Bank PLC

206,923

221,963

The National Westminster Bank PLC loan is secured by a fixed charge on the assets of the company.

11.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

9

Ordinary A

£1

9

9

1

Ordinary B

£1

1

1

10

10

12.

RESERVES

Retained

earnings

£

At 1st December 2024

57,405

Deficit for the year

(57,186

)

Dividends

(210

)

At 30th November 2025

9

13.	CONTINGENT LIABILITIES

The company had no contingent liabilities at the balance sheet date.

14.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had no capital or other financial commitments.

15.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2025 and 30th November 2024:

30.11.25

30.11.24

£

£

Mrs P Monyard

Balance outstanding at start of year

(4,703

)

(17,430

)

Amounts advanced

6,472

13,039

Amounts repaid

(522

)

(312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,247

(4,703

)

R N H Monyard

Balance outstanding at start of year

(936

)

(624

)

Amounts repaid

(312

)

(312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,248

)

(936

)

The overdrawn director's loan was paid back to the company within 9 months of the year end date

16.	RELATED PARTY DISCLOSURES

During the year, the company entered into the following transactions with related parties:

Director's loan account

At the year end, the company owed £1 to the directors (2024: £5,639 to the directors). The balance is unsecured, interest-free and repayable on demand.

17.	POST BALANCE SHEET EVENTS

There have been no material events after the balance sheet date requiring disclosure or adjustment to the financial statements.