REGISTERED NUMBER: 05188439 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

NORDIC INNS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D L R Hiscox

REGISTERED OFFICE:

7 Montpellier Villas

Cheltenham

GL50 2XE

REGISTERED NUMBER:

05188439 (England and Wales)

ACCOUNTANTS:

John S Ward & Co Limited

Chartered Certified Accountants

26-28 Headlands

Kettering

Northamptonshire

NN15 7HP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,419,605

1,373,143

1,419,605

1,373,143

CURRENT ASSETS

Stocks

17,954

14,829

Debtors

6

203,570

255,415

Cash at bank

43,850

118,598

265,374

388,842

CREDITORS

Amounts falling due within one year

7

280,518

386,590

NET CURRENT (LIABILITIES)/ASSETS

(15,144

)

2,252

TOTAL ASSETS LESS CURRENT LIABILITIES

1,404,461

1,375,395

CREDITORS

Amounts falling due after more than one year

8

(920,464

)

(925,606

)

PROVISIONS FOR LIABILITIES

(20,850

)

-

NET ASSETS

463,147

449,789

CAPITAL AND RESERVES

Called up share capital

100,100

100,100

Retained earnings

363,047

349,689

463,147

449,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 October 2026 and were signed by:

D L R Hiscox - Director

1.	STATUTORY INFORMATION

NORDIC INNS 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 as modified by the revaluation of certain assets.

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.

Turnover

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

Goodwill

Goodwill has been amortised evenly over the estimated useful life

Tangible fixed assets

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

Fixtures, plant and Machinery 3- 15 years

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2025 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

5,000

AMORTISATION

At 1 February 2025

and 31 January 2026

5,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 February 2025

1,284,830

613,992

1,898,822

Additions

8,395

61,767

70,162

At 31 January 2026

1,293,225

675,759

1,968,984

DEPRECIATION

At 1 February 2025

-

525,679

525,679

Charge for year

-

23,700

23,700

At 31 January 2026

-

549,379

549,379

NET BOOK VALUE

At 31 January 2026

1,293,225

126,380

1,419,605

At 31 January 2025

1,284,830

88,313

1,373,143

During the year the Company has changed it's accounting policy for Land & Buildings from Revaluation to Historical cost basis.

The directors believe the historical cost model provides more reliable and relevant information

The Financial Statements for the prior period have been restated to reflect this change

Cost or valuation at 31 January 2026 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2026

1,293,225

675,759

1,968,984

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as

restated

£

£

Trade debtors

10,420

17,896

Other debtors

193,150

237,519

203,570

255,415

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as

restated

£

£

Bank loans and overdrafts

41,806

108,970

Hire purchase contracts

9,664

-

Trade creditors

109,633

84,260

Taxation and social security

60,006

143,325

Other creditors

59,409

50,035

280,518

386,590

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

as

restated

£

£

Bank loans

906,867

925,606

Hire purchase contracts

13,597

-

920,464

925,606

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

807,281

846,718

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

as

restated

£

£

Bank Loans

927,325

945,328

Other Loans

21,329

89,248

948,654

1,034,576

Bank Loans are secured by Fixed and Floating Charge over the assets of the Company.

Other Loans are guaranteed by MR DLR Hiscox, Mrs VEA Hiscox and Linkburn Ltd

10.	RELATED PARTY DISCLOSURES

At 31st January 2026 the company was owed £189,619 (2025 £229,475) from related party Companies

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs VEA Hiscox.

The company is a 100% Subsidiary of Linkburn Ltd