Keeping Inn Limited

Registered number

03303284

Keeping Inn Limited

Report and Financial Statements

31 January 2026

Keeping Inn Limited
Report and accounts
Contents




Page

Company information	1
Strategic report	2 - 3
Directors' report	4 - 5
Independent auditor's report	6 - 8
Income statement	9
Statement of comprehensive income	10
Statement of financial position	11
Statement of changes in equity	12
Statement of cash flows	13
Notes to the financial statements	14 - 25

Keeping Inn Limited

Company Information

Directors

J T Sanderson

E A Sanderson

C S Sanderson

R A Sanderson

J J Sanderson

Auditors

Sumer Auditco Limited

Unit 2

Gosforth Park Avenue

Newcastle upon Tyne

Tyne & Wear

NE12 8EG

Registered office

30 The Oval

Forest Hall

Newcastle upon Tyne

Tyne and Wear

NE12 9PP

Registered number

03303284

Keeping Inn Limited
Strategic Report

Review of business
The hospitality industry is under significant pressure as a result of rising prices from our suppliers, increasing wage costs imposed by central government, including the increase in Employer's National Insurance Contributions, and the rising cost of living reducing the disposable income of our customers combined with changing working patterns (for example, working from home). Despite all of this, the company remains profitable and there is significant growth in sales. The performance of the company is very encouraging for the future. Turnover rose 12.1% to £2,084,774 (2025: £1,859,034). Operating profit before depreciation and administration rose 146.7% to £516,022 (2025: £209,191) and EBITDA rose 23.9% to £431,449 (2025: £348,247). Net Assets rose 6% to £5,663,181 (2025: £5,341,460).

Finance
On 2 July 2026 the STR Enterprises Limited group, of which the company is a part, refinanced its HSBC debt as per note 15 with NatWest. The new facility is for 25 years and incurs interest at 2% over the Bank of England base rate.

Capital expenditure
£229,436 was spent on course reconfiguration works at Centurion Park Golf Course during the period. £53,605 was spent on plant and equipment during the period (2025: £2,037). In addition to this £55,010 (2025: £37,263) was spent on repairs and renewals which ensures that we continue to improve the quality of our product.

Future
There remain significant challenges facing the hospitality industry throughout the UK, particularly the continued pressures from rising employment costs, including increases in Employers’ National Insurance contributions, energy costs and wider operating expenses. Despite these challenges, the directors remain encouraged by the resilience of the company’s businesses, the strength of trading performance and the profitability achieved during the year. Following significant investment in the reconfiguration and improvement of the golf course at Centurion Park, the directors look forward to seeing golf return to the site, initially with the opening of a nine-hole course. The company is also committed to delivering the new prominent entrance from West Street, an important milestone which will improve access and visibility and play a key role in unlocking the wider development potential of this strategically important site. Looking ahead, the company also recognises that its people are fundamental to its continued success. During the coming year, the company intends to further develop and implement its staff wellbeing strategy, working alongside Kalobrate to promote a positive, supportive and engaging working environment in which team members feel valued and have opportunities to develop and thrive. The directors remain confident in the long-term prospects of the company and look forward to building on the progress achieved, continuing to invest in its properties, its people and the future development of its businesses.

Principal risks and uncertainties
The Directors have set in place a thorough risk management process that identifies the key risks faced by the Company and ensures that processes are adopted to monitor and mitigate such risks. The principal non-financial risk affecting the business relates to the fact that the market in which the company operates is highly competitive, with constant pressure on rates in the Provincial marketplace. The company seeks to mitigate this by ensuring its product offering is maintained to a high standard, via a programme of on-going refurbishment to maintain competitiveness. The principal financial risks affecting the business are credit risk, interest rate risk and liquidity risk. The Directors are satisfied that the credit risk is adequately managed and the level of bad debt is consistent with the nature of the industry. Given the current market expectations as to the movement in bank base rate in the short to medium term, the directors are aware of the increased interest rate risk and have in place several plans to mitigate the effects of further interest rate rises. This policy will be kept under regular review. Liquidity needs are managed by regular review of the timing of expected receivables and payments (including capital payments required on the bank loan) and the availability of facilities and levels of cash on deposit via the preparation of cash flow forecasts.


This report was approved by the board on 20 October 2026 and signed on its behalf.



C S Sanderson
Director

Keeping Inn Limited
Registered number:		03303284
Directors' Report

The directors present their report and financial statements for the year ended 31 January 2026.

Principal activities
The company's principal activity during the year continued to be trading as an operator of bars, restaurants and leisure facilities.

Future developments
The directors anticipate the business environment will remain competitive. They believe that the company is in a good financial position and that the risks that have been identified are being well managed. With a careful focus on the provision of current products and services as well as appropriate development of new products and services, as well as continuing review of the state of the market and the activities of competitors, the directors are confident in the company's ability to maintain and build on this position, albeit with cautious growth expectations.

Dividends
The directors have paid £18,000 in dividends (2025: £15,200).

Directors
The following persons served as directors during the year:

	J T Sanderson
	E A Sanderson
	C S Sanderson
	R A Sanderson
	J J Sanderson

Directors' responsibilities

The directors are responsible for preparing the report and 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 United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). 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 and then apply them consistently;
●	make judgements and 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 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.


Disclosure of information to auditors

Each person who was a director at the time this report was approved confirms that:
●	so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and
●	they have taken all the steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.


Strategic report
The strategic report has been prepared on pages 2 and 3, in accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013.

This report was approved by the board on 20 October 2026 and signed on its behalf.



C S Sanderson
Director

Keeping Inn Limited
Independent auditor's report
to the members of Keeping Inn Limited

Opinion

We have audited the financial statements of Keeping Inn Limited (the 'company') for the year ended 31 January 2026 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including 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 the 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 31 January 2026 and of its profit for the year 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 Auditor’s 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 UK, including the FRC’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.

Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's 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.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
●	the information given in the strategic report and the directors’ report for the financial year 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, 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.

Auditor’s 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 auditor’s 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.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Capability of the audit in detecting irregularities, including fraud
Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.
The following laws and regulations were identified as being of significance to the entity:
●	Those laws and regulations considered to have a direct effect on the financial statements including UK financial reporting standards, Company Law, Tax and Pensions legislation, and distributable profits legislation.
●	Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements include health and safety legislation.
Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of legal costs incurred; testing the appropriateness of journal entries; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.
No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council’s website at https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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 auditor’s 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.





Paul Gainford
(Senior Statutory Auditor)		Unit 2
for and on behalf of		Gosforth Park Avenue
Sumer Auditco Limited		Newcastle upon Tyne
Statutory Auditor		Tyne & Wear
21 October 2026		NE12 8EG

Keeping Inn Limited
Income Statement
for the year ended 31 January 2026


Notes		2026		2025
£			£

Turnover	3	2,084,774		1,859,034

Cost of sales		(1,170,946)		(1,054,492)

Gross profit		913,828		804,542

Administrative expenses		(585,875)		(791,049)

Operating profit	4	327,953		13,493

(Loss)/profit on sale of fixed assets		(375)		234,483
Interest receivable		5,166		8,025
Interest payable	7	(80,647)		(69,648)

Profit on ordinary activities before taxation		252,097		186,353

Tax on profit on ordinary activities	8	(78,073)		(63,371)

Profit for the financial year		174,024		122,982

The notes on pages 14 to 25 form part of these financial statements

Keeping Inn Limited
Statement of Comprehensive Income
for the year ended 31 January 2026


Notes		2026		2025
£			£

Profit for the financial year		174,024		122,982

Other comprehensive income
Gain on revaluation of land and buildings	9	220,929		254,565
Deferred taxation arising on the revaluation of land and buildings	17	(55,232)		(24,500)

Total comprehensive income for the year		339,721		353,047

Keeping Inn Limited
Statement of Financial Position
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	9		5,201,547			4,797,368
Investments	10		100,000			100,000
			5,301,547			4,897,368

Current assets
Stocks	11	25,999			26,791
Debtors	12	2,581,167			2,451,146
Cash at bank and in hand		17,853			13,139
		2,625,019			2,491,076

Creditors: amounts falling due within one year	13	(899,968)			(699,548)

Net current assets			1,725,051			1,791,528

Total assets less current liabilities			7,026,598			6,688,896

Creditors: amounts falling due after more than one year	14		(671,206)			(716,135)

Provisions for liabilities
Deferred taxation	17		(692,211)			(631,301)

Net assets			5,663,181			5,341,460

Capital and reserves
Called up share capital	18		110			110
Share premium	19		314,581			314,581
Other reserves	20		2,853,307			2,722,943
Profit and loss account	21		2,495,183			2,303,826

Total equity			5,663,181			5,341,460




C S Sanderson
Director
Approved by the board on 20 October 2026
Registered in England. Company registration number: 03303284
The notes on pages 14 to 25 form part of these financial statements

Keeping Inn Limited
Statement of Changes in Equity
for the year ended 31 January 2026

Share		Share		Other		Profit		Total
capital		premium		reserves		and loss
account
£		£		£		£		£

At 1 February 2024	110		314,581		2,535,149		2,153,773		5,003,613

Profit for the financial year							122,982		122,982

Transfer of realised profit					(42,271)		42,271		-
Gain on revaluation of land and buildings					254,565				254,565
Deferred taxation arising on the revaluation of land and buildings					(24,500)				(24,500)
Other comprehensive income for the financial year	-		-		187,794		42,271		230,065
Total comprehensive income for the financial year	-		-		187,794		165,253		353,047

Dividends							(15,200)		(15,200)

At 31 January 2025	110		314,581		2,722,943		2,303,826		5,341,460



At 1 February 2025	110		314,581		2,722,943		2,303,826		5,341,460

Profit for the financial year							174,024		174,024

Transfer of realised profit					(35,333)		35,333		-
Gain on revaluation of land and buildings					220,929				220,929
Deferred taxation arising on the revaluation of land and buildings					(55,232)				(55,232)
Other comprehensive income for the financial year	-		-		130,364		35,333		165,697
Total comprehensive income for the financial year	-		-		130,364		209,357		339,721

Dividends							(18,000)		(18,000)

At 31 January 2026	110		314,581		2,853,307		2,495,183		5,663,181

The notes on pages 14 to 25 form part of these financial statements

Keeping Inn Limited
Statement of Cash Flows
for the year ended 31 January 2026

Notes		2026		2025
£			£
Operating activities
Profit for the financial year		174,024		122,982

Adjustments for:
Loss/(profit) on sale of fixed assets		375		(234,483)
Interest receivable		(5,166)		(8,025)
Interest payable		80,647		69,648
Tax on profit on ordinary activities		78,073		63,371
Depreciation		99,416		100,271
Decrease/(increase) in stocks		792		(1,269)
Increase in debtors		(130,021)		(10,851)
Decrease in creditors		(41,408)		(346)
		256,732		101,298

Interest received		5,166		8,025
Interest paid		(77,063)		(66,338)
Interest element of finance lease payments		(3,584)		(3,310)
Corporation tax paid		(114,271)		(31,280)

Cash generated by operating activities		66,980		8,395

Investing activities
Payments to acquire tangible fixed assets		(243,410)		(397,981)
Proceeds from sale of tangible fixed assets		-		234,483

Cash used in investing activities		(243,410)		(163,498)

Financing activities
Equity dividends paid		(18,000)		(15,200)
Repayment of loans		(51,608)		(52,542)
Capital element of finance lease payments		(35,105)		(23,233)

Cash used in financing activities		(104,713)		(90,975)

Net cash used
Cash generated by operating activities		66,980		8,395
Cash used in investing activities		(243,410)		(163,498)
Cash used in financing activities		(104,713)		(90,975)

Net cash used		(281,143)		(246,078)

Cash and cash equivalents at 1 February 2025		(103,663)		142,415
Cash and cash equivalents at 31 January 2026		(384,806)		(103,663)

Cash and cash equivalents comprise:
Cash at bank		17,853		13,139
Bank overdrafts	13	(402,659)		(116,802)
		(384,806)		(103,663)

Keeping Inn Limited
Notes to the Accounts
for the year ended 31 January 2026

1	Summary of significant accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention except for certain fixed assets, which are recorded at fair value, and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Going Concern
	After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the next 12 months. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of food and liquor. Turnover from the sale of food and liquor is recognised when control of the items purchased is passed to the buyer.

	Government grants
	Income from Government Grants is presented within other operating income. Government Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. Grants are recognised as income when the associated performance conditions are met.

	Tangible fixed assets

	Tangible fixed assets are stated in the statement of financial position at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation, less any depreciation and any impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the statement of financial position. Any revaluation increase or decrease on land and buildings is credited to the revaluation reserve in 'other reserves'. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			straight line over the lease term
	Plant and machinery			straight line over 15 years
	Soft furnishings			straight line over 5 years

	The directors perform annual impairment reviews in accordance with FRS102 to ensure the carrying value is not higher than the recoverable amount.


	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Critical accounting estimates and judgements

	In the application of the company's accounting policies, which are described in note 1, 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. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
	Sources of estimation uncertainty
	Valuation of properties
	As described in note 9 to the financial statements, property is stated at fair value based on the valuations performed during the financial year. The valuations have been based on independent valuations by members of the Royal Institute of Chartered Surveyors. There remains some uncertainty in the UK property market which has inevitably increased the degree of judgement involved in the property valuation at 31 January 2026. The total value of the properties held in the financial statements at 31 January 2026 is £4,906,801 (2025: £4,516,630).


3	Analysis of turnover					2026		2025
£							£

	Bar sales					1,755,309		1,536,416
	Food sales					317,412		274,807
	Golf sales					-		17,961
	Other sales					12,053		29,850
						2,084,774		1,859,034

	By geographical market:

	UK					2,084,774		1,859,034


4	Operating profit					2026		2025
£							£
	This is stated after charging:

	Depreciation of owned fixed assets					90,765		94,432
	Depreciation of assets held under finance leases and hire purchase contracts					8,651		5,839
	Auditors' remuneration for audit services					5,400		5,400


5	Directors' emoluments					2026		2025
£							£

	Emoluments					-		-
	Company contributions to defined contribution pension plans					-		-
						-		-

	The directors are considered to be the only key management of the company.


6	Staff costs					2026		2025
£							£

	Wages and salaries					615,130		558,600
	Social security costs					52,031		35,397
	Other pension costs					9,282		9,131
						676,443		603,128

	All pension costs above are in respect of defined contribution pension schemes.

	Average number of employees during the year					Number	Number

	Sales					36		36
						36		36


7	Interest payable					2026		2025
£							£

	Bank loans and overdrafts					77,063		66,338
	Finance charges payable under finance leases and hire purchase contracts					3,584		3,310
						80,647		69,648


8	Taxation					2026		2025
£							£
	Analysis of charge in period
	Current tax:
	UK corporation tax on profits of the period					72,395		68,855

	Deferred tax:
	Origination and reversal of timing differences					5,678		(5,484)


	Tax on profit on ordinary activities					78,073		63,371


	Factors affecting tax charge for period
	The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:

						2026		2025
£							£
	Profit on ordinary activities before tax					252,097		186,353

	Standard rate of corporation tax in the UK					25%		25%

£							£
	Profit on ordinary activities multiplied by the standard rate of corporation tax					63,024		46,588

	Effects of:
	Depreciation for period in excess of capital allowances					9,371		22,267
	Adjustments in respect of property disposals					-		-
	Impairment of land and buildings					-		-
	Expenses not deductible for tax purposes					-		-

	Current tax charge for period					72,395		68,855


9	Tangible fixed assets
		Long leasehold properties		Plant and machinery		Soft furnishings		Total
		At valuation		At valuation		At valuation
£			£		£		£
	Cost or valuation
	At 1 February 2025	4,516,630		590,493		37,469		5,144,592
	Additions	229,436		49,035		4,570		283,041
	Revaluation	160,735		-		-		160,735
	Disposals	-		(590)		-		(590)
	At 31 January 2026	4,906,801		638,938		42,039		5,587,778

	Depreciation
	At 1 February 2025	-		333,104		14,120		347,224
	Charge for the year	60,194		31,245		7,977		99,416
	Revaluation	(60,194)		-		-		(60,194)
	Impairment losses recognised in profit and loss account in year	-						-
	On disposals	-		(215)		-		(215)
	At 31 January 2026	-		364,134		22,097		386,231

	Carrying amount
	At 31 January 2026	4,906,801		274,804		19,942		5,201,547
	At 31 January 2025	4,516,630		257,389		23,349		4,797,368


						2026		2025
£							£
	Carrying amount of land and buildings on cost basis					1,436,108		1,231,533


	On 22 May 2026 a valuation of the Centurion Bar together with its fixtures, fittings and equipment was carried out by Lambert Smith Hampton, independent valuers and members of the Royal Institute of Chartered Surveyors. The directors carried out an impairment review of the Centurion Bar together with their fixtures, fittings and equipment as at 31 January 2026 and are satisfied that the valuations undertaken remain unchanged. The valuations amounted to £2,250,000. The carrying value of Centurion Park Golf Club at 31 January 2026 is £2,755,286. The directors consider this to be a fair valuation at that date taking into account all history of value realised at the site together with future plans that have been developed. See note 15 for assets pledged as security.

						2026		2025
£							£
	Carrying value of plant and machinery included above held under finance leases and hire purchase contracts					115,730		78,381


10	Investments

Other
investments
£
	Cost
	At 1 February 2025							100,000

	At 31 January 2026							100,000

11	Stocks					2026		2025
£							£

	Raw materials and consumables					25,999		26,791


12	Debtors					2026		2025
£							£

	Trade debtors					14,625		4,267
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					2,544,705		2,263,533
	Prepayments and accrued income					21,837		183,346
						2,581,167		2,451,146


13	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank overdrafts					402,659		116,802
	Bank loans					58,104		59,331
	Obligations under finance lease and hire purchase contracts					23,949		24,875
	Trade creditors					78,138		71,807
	Corporation tax					143,549		185,425
	Other taxes and social security costs					129,518		136,652
	Accruals and deferred income					64,051		104,656
						899,968		699,548


14	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					654,840		705,221
	Obligations under finance lease and hire purchase contracts					16,366		10,914
						671,206		716,135


15	Loans					2026		2025
£							£
	Loans not wholly repayable within five years:
	Repayable over 20 years, Interest charged at 2.75% over SONIA					706,733		764,552

	Analysis of maturity of debt:
	Within one year or on demand					58,104		59,331
	Between one and two years					51,893		51,895
	Between two and five years					155,677		155,684
	After five years					447,270		497,642
						712,944		764,552

	Security has been given by the company to secure £712,944 of the amount shown under creditors. The bank loans are secured by a debenture creating a fixed and floating charge over the assets of the company, First Legal charges over The Centurion Bar & Brasserie and Centurion Park Golf Course. There is also a Cross Guarantee given by STR Enterprises Limited supported by First Legal Charges over the freehold interests in The Victoria Hotel, Bamburgh, Point Cottages Bamburgh, The Manor House Hotel and Spa in West Auckland and The Honest Lawyer Hotel in Croxdale.


16	Obligations under finance leases and hire purchase					2026		2025
	contracts					£	£

	Amounts payable:
	Within one year					23,949		24,875
	Within two to five years					16,366		10,914
						40,315		35,789

	Hire purchase liabilities are secured on the assets financed.


17	Deferred taxation					2026		2025
£							£

	Revaluation of land and buildings					599,654		562,154
	Accelerated capital allowances					92,557		69,147
						692,211		631,301

	Deferred tax has been calculated using the rate expected to apply when the tax becomes chargeable, which is 25% (2025: 25%)

						2026		2025
£							£

	At 1 February 2025					631,301		612,285
	Charged/(credited) to the profit and loss account					5,678		(5,484)
	Charged to other comprehensive income					55,232		24,500

	At 31 January 2026					692,211		631,301



18	Share capital	Nominal		2026		2026		2025
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£0.01 each		10,484		104		104
	A Ordinary shares	£0.01 each		552		6		6
						110		110


19	Share premium					2026		2025
£							£

	At 1 February 2025					314,581		314,581

	At 31 January 2026					314,581		314,581

	Share premium records the amount above nominal value received for shares sold, less transaction costs.


20	Other reserves					2026		2025
	Revaluation reserve					£	£

	At 1 February 2025					2,722,943		2,535,149
	Gain on revaluation of land and buildings					220,929		254,565
	Deferred taxation arising on the revaluation of land and buildings					(55,232)		(24,500)
	Transfer of realised profit					(35,333)		(42,271)

	At 31 January 2026					2,853,307		2,722,943

	The revaluation reserve reflects the movement in the true value of fixed assets and investments, which are not held at cost. The revaluation model has been adopted for leasehold land and buildings, and fixtures, equipment and soft furnishings.


21	Profit and loss account					2026		2025
£							£

	At 1 February 2025					2,303,826		2,153,773
	Profit for the financial year					174,024		122,982
	Transfer of realised profit					35,333		42,271
	Dividends					(18,000)		(15,200)

	At 31 January 2026					2,495,183		2,303,826

	The profit and loss account records the cumulative amount of profits and losses less any dividends paid or proposed.


22	Dividends					2026		2025
£							£

	Dividends on A ordinary shares (note 21)					18,000		15,200



23	Reconciliation of movement in net debt

		1 February 2025	Cash flows			Non-cash changes		31 January 2026
£			£		£		£

	Cash at bank and in hand	13,139		4,714				17,853
	Overdrafts	(116,802)		(285,857)				(402,659)
				(281,143)

	Debt due within 1 year	(59,331)		53,779		(52,552)		(58,104)
	Debt due after 1 year	(705,221)		(2,171)		52,552		(654,840)
	Finance leases	(35,789)		(4,526)				(40,315)
				47,082

	Total	(904,004)		(234,061)		-		(1,138,065)


24	Events after the reporting date

	On 2 July 2026 the STR Enterprises Limited group, of which the company is a part, refinanced its HSBC debt as per note 15 with NatWest. The new facility is for 25 years and incurs interest at 2% over the Bank of England base rate.


25	Contingent liabilities

	At the balance sheet date there existed a cross guarantee with STR Enterprises Limited, the parent company, in respect of its bank borrowing. This guarantee would only come into effect should the STR Enterprises Limited group be unable to meet its obligations under the loan agreement. The contingent liability in this respect was £4,157,370 (2025: £4,459,428). Details of security given in respect of this guarantee are in Note 15 above.


26	Related party transactions					2026		2025
£							£
	STR Enterprises Limited (registered in England Co. No. 03256878)
	Parent company
	Management charges incurred during year					72,000		286,500
	Due from STR Enterprises Limited at the year end					2,082,583		1,801,445

	Harrison Golf and Leisure Limited (registered in England Co. No. 11425291)
	Associate company
	Due from Harrison Golf and Leisure Limited at the year end					462,122		462,088


27	Controlling party

	The company is controlled by its directors. The ultimate parent company is STR Enterprises Limited, incorporated in England, company number 03256878.


28	Presentation currency

	The financial statements are presented in Sterling.


29	Legal form of entity and country of incorporation

	Keeping Inn Limited is a private company limited by shares and incorporated in England, company number 03303284.


30	Principal place of business

	The address of the company's principal place of business and registered office is:

	30 The Oval
	Forest Hall
	Newcastle upon Tyne
	Tyne and Wear
	NE12 9PP