REGISTERED NUMBER: 08464401 (England and Wales)

Financial Statements

for the Period 1 April 2024 to 31 August 2025

for

Oddfellows Rooms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D D McGeorge

REGISTERED OFFICE:

16-20 Lower Bridge Street

Chester

Cheshire

CH1 1RS

REGISTERED NUMBER:

08464401 (England and Wales)

AUDITORS:

TC Group

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

FIXED ASSETS

Tangible assets

4

44,892

43,219

CURRENT ASSETS

Stocks

26,191

25,698

Debtors

5

560,470

1,773,948

Cash at bank and in hand

5,284

15,096

591,945

1,814,742

CREDITORS

Amounts falling due within one year

6

1,832,103

2,357,009

NET CURRENT LIABILITIES

(1,240,158

)

(542,267

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,195,266

)

(499,048

)

CREDITORS

Amounts falling due after more than one year

7

-

13,333

NET LIABILITIES

(1,195,266

)

(512,381

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(1,195,268

)

(512,383

)

SHAREHOLDERS' FUNDS

(1,195,266

)

(512,381

)

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 director and authorised for issue on 20 October 2026 and were signed by:

D D McGeorge - Director

1.	STATUTORY INFORMATION

Oddfellows Rooms Limited 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 prepared in sterling, which is the functional currency of the company. Monetary amounts in these accounts are rounded to the nearest £.

Going concern

As at 31 August 2025, the company reports a deficiency in shareholders' funds amounting to £1,195,266 as a result of trading losses reported in this and previous years. The company meets its day to day working capital requirements via its trading activities and the use of an interest free loan provided by its parent company, funded by its parent company shareholders.

At 31 August 2025, the company's funding arrangements included a bridging loan facility due to expire in December 2025. At the date of approval of these financial statements, this facility has been fully repaid and replaced by a shareholder loan in December 2025.

The directors have obtained confirmation from the participating shareholders that they do not intend to demand repayment of the shareholder loan within at least twelve months from the date of approval of these financial statements

The Director has considered the insolvent balance sheet position, has reviewed recent management accounts and the company and company's forecasts and projections moving forward.

The Director has obtained assurances of the continued support of the shareholders for at least 12 months from the date of signing these accounts. This support includes the provision of additional loan facilities if these are required.

The Director is aware that the above matters may cast doubt on the company's ability to continue as a going concern. However, the Director has concluded that the company remains a going concern and has prepared the accounts on that basis.

Comparative information

The financial statements have been prepared for the 17-month period ended 31 August 2025. The comparative figures relate to the 12-month period ended 31 March 2024.

During the period, the directors resolved to extend the company's accounting reference date. The change was made in order to align the company's financial reporting period with that of other entities managed by the hospitality management company.

As a result of the change in the accounting reference date, the current reporting period covers 17 months whereas the comparative period covers 12 months. Accordingly, the results for the period and certain balances included within these financial statements are not directly comparable with those reported for the previous period.

Movements in revenue, administrative expenses, operating profit and other profit and loss account balances may not be indicative of changes in underlying trading performance due to the extended reporting period. Similarly, movements in balance sheet balances should be considered in the context of the longer accounting period.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

Stocks

The valuation of stocks requires management to estimate the quantity and condition of food, beverage and other consumable inventories held at the reporting date. Estimates are based on available records and historical usage patterns. Actual results may differ from these estimates and could affect the carrying value of stock and the reported result for the period.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The current accounting period covers 17 months (2024: 12 months) and therefore turnover for the period is not directly comparable with the comparative period.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and impairment losses.

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

Improvements to property

- between 2% and 10% on cost

Plant and machinery

- between 20% and 50% on cost

Fixtures and fittings

- between 20% and 33% on cost

Computer equipment

- between 20% and 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.

Taxation

Taxation for the period 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 period 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.

Foreign currencies

The financial statements are presented in sterling, which is also the functional currency of the company. Transactions in currencies other than the functional currency of the company are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to profit and loss. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 44 (2024 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

39,598

68,635

264,361

91,702

464,296

Additions

-

-

26,772

-

26,772

At 31 August 2025

39,598

68,635

291,133

91,702

491,068

DEPRECIATION

At 1 April 2024

14,984

63,201

258,926

83,966

421,077

Charge for period

3,740

5,117

10,608

5,634

25,099

At 31 August 2025

18,724

68,318

269,534

89,600

446,176

NET BOOK VALUE

At 31 August 2025

20,874

317

21,599

2,102

44,892

At 31 March 2024

24,614

5,434

5,435

7,736

43,219

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.3.24

£

£

Trade debtors

471,702

450,640

Amounts owed by group undertakings

-

1,220,214

Other debtors

67,926

67,554

Prepayments and accrued income

20,842

35,540

560,470

1,773,948

Trade debtors includes £394,598 (2024: £394,598) owed by group undertakings.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.3.24

£

£

Bank loans and overdrafts

8,892

10,000

Trade creditors

659,531

504,277

Amounts owed to group undertakings

261,770

1,252,768

Social security and other taxes

41,276

106,369

VAT

107,797

81,445

Other creditors

643,056

288,459

Accrued expenses

109,781

113,691

1,832,103

2,357,009

Trade creditors includes £160,822 (2024: £156,351) owed to group undertakings.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.3.24

£

£

Bank loans - 1-2 years

-

10,000

Bank loans - 2-5 years

-

3,333

-

13,333

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.25

31.3.24

£

£

Within one year

-

1,648

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

10.	RELATED PARTY DISCLOSURES

Included in creditors due within one year is an amount of £205,000 in respect of a loan balance owed to Brightstar Hotels Limited, a shareholder of this company. No interest is charged on the balance and there are no fixed terms for repayment.

Rent of £88,073 (2024: £76,800) was due to Bridgegate Developments Limited, a company under the control of a Director of this company, who is also a controlling party. As at 31 August 2025 an amount of £399,840 (2024:£238,560) was owed to Bridgegate Developments Limited.

11.	ULTIMATE CONTROLLING PARTY

The directors consider the ultimate parent undertaking to be Oddfellows Holdings Limited, a company registered in England & Wales with the registered office address of Eccleston Hill House, Hill Road, Eccleston, Chester, Cheshire, CH4 9HG, which is the largest group of undertakings to prepare group accounts including the financial statements of the company.

The ultimate controlling parties are Mr D D McGeorge, a director of the company, A K McGeorge, represented on the Board and Mr B A Baldrey, a director of Mango River Limited, by virtue of their rights and responsibilities under the shareholders' agreement of Oddfellows Holdings Limited. Copies of the group accounts can be obtained from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.