Inglenook Hospitality Ltd

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 7

Inglenook Hospitality Ltd

Company Information

Director

Mr D L Veal

Registered office

5 Turner Close Newton Poppleford Sidmouth Devon EX10 0EN

Inglenook Hospitality Ltd

(Registration number: 14604533)
Statement of Financial Position as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	50,569	57,129
Current assets
Stocks	5	6,000	6,000
Debtors	6	28,562	54,372
Cash at bank and in hand		3,226	15,557
		37,788	75,929
Creditors: Amounts falling due within one year	7	(227,962)	(157,665)
Net current liabilities		(190,174)	(81,736)
Total assets less current liabilities		(139,605)	(24,607)
Creditors: Amounts falling due after more than one year	7	(14,954)	(22,250)
Net liabilities		(154,559)	(46,857)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(154,659)	(46,957)
Shareholders' deficit		(154,559)	(46,857)

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 29 October 2026
 

Mr D L Veal Director

Inglenook Hospitality Ltd

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
5 Turner Close
Newton Poppleford
Sidmouth
Devon
EX10 0EN

Principal activity

The principal activity of the company is Hospitality

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis whilst the balance sheet is showing net liabilities, as the director continues to support the company.

Inglenook Hospitality Ltd

Notes to the Unaudited Financial Statements for the year ended 31 January 2026 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Inglenook Hospitality Ltd

Notes to the Unaudited Financial Statements for the year ended 31 January 2026 (continued)

2	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Fixtures and fittings	20% Straight line
Office equipment	25% Straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 26 (2025 - 26).

Inglenook Hospitality Ltd

Notes to the Unaudited Financial Statements for the year ended 31 January 2026 (continued)

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 February 2025	71,096	1,406	72,502
Additions	9,404	746	10,150
At 31 January 2026	80,500	2,152	82,652
Depreciation
At 1 February 2025	15,092	281	15,373
Charge for the year	16,102	608	16,710
At 31 January 2026	31,194	889	32,083
Carrying amount
At 31 January 2026	49,306	1,263	50,569
At 31 January 2025	56,004	1,125	57,129

5

Stocks

	2026 £	2025 £
Raw materials and consumables	6,000	6,000

6

Debtors

	2026 £	2025 £
Other debtors	19,810	46,914
Prepayments	8,752	7,458
	28,562	54,372

Inglenook Hospitality Ltd

Notes to the Unaudited Financial Statements for the year ended 31 January 2026 (continued)

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	31,522	21,449
Taxation and social security	171,545	107,923
Accruals and deferred income	11,666	15,252
Other creditors	13,229	13,041
	227,962	157,665

Creditors: amounts falling due after more than one year

	2026 £	2025 £
Due after one year
Other financial liabilities	14,954	22,250

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9	Related party transactions

Transactions with the director

2026	At 1 February 2025 £	Advances to director £	Repayments by director £	At 31 January 2026 £
Director	(33,574)	(5,502)	32,606	(6,470)

2025	At 1 February 2024 £	Advances to director £	Repayments by director £	At 31 January 2025 £
Director	35	(44,273)	10,664	(33,574)