Talaway Hotels Limited Company accounts

COMPANY REGISTRATION NUMBER: 02030148

Talaway Hotels Limited

Unaudited Financial Statements

31 March 2025

Talaway Hotels Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Director's report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	4

Talaway Hotels Limited

Director's Report

Year ended 31 March 2025

The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2025 .

Director

The director who served the company during the year was as follows:

Mr J E Enis

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 22 October 2025 and signed on behalf of the board by:

Mr J E Enis
Director

Registered office:

18 Lobelia Close

Coton Park

Rugby

England

United Kingdom

CV23 0AT

Talaway Hotels Limited

Statement of Income and Retained Earnings

Year ended 31 March 2025

	2025	2024
Note	£	£
Turnover	26,101	16,000

	--------	--------
Gross profit	26,101	16,000

Administrative expenses	5,786	25,683
	--------	--------
Operating profit/(loss)	20,315	( 9,683)

		--------	--------
Profit/(loss) before taxation	4	20,315	( 9,683)

Tax on profit/(loss)	1,565	–
	--------	-------
Profit/(loss) for the financial year and total comprehensive income	18,750	( 9,683)
	--------	-------

Retained losses at the start of the year	( 70,525)	( 60,842)
	--------	--------
Retained losses at the end of the year	( 51,775)	( 70,525)
	--------	--------

All the activities of the company are from continuing operations.

Talaway Hotels Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	900,000	953,754

Current assets

Cash at bank and in hand	42,947	23,917

Creditors: amounts falling due within one year	6	1,481	1,200
		--------	--------
Net current assets		41,466	22,717
		---------	---------
Total assets less current liabilities		941,466	976,471

Creditors: amounts falling due after more than one year	7	422,113	475,868
		---------	---------
Net assets		519,353	500,603
		---------	---------

Capital and reserves

Called up share capital	52,500	52,500
Revaluation reserve	518,628	518,628
Profit and loss account	( 51,775)	( 70,525)
	---------	---------
Shareholder funds	519,353	500,603
	---------	---------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 22 October 2025 , and are signed on behalf of the board by:

Mr J E Enis
Director

Company registration number: 02030148

Talaway Hotels Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 18 Lobelia Close, Coton Park, Rugby, England, CV23 0AT, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	25% reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a 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. Debt instruments are subsequently measured at amortised cost.

4. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	–	17,918
	----	--------

5. Tangible assets

	Freehold property
	£
Cost
At 1 April 2024 and 31 March 2025	900,000
	---------
Depreciation
At 1 April 2024 and 31 March 2025	–
	---------
Carrying amount
At 31 March 2025	900,000
	---------
At 31 March 2024	900,000
	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Social security and other taxes	281	–
Other creditors	1,200	1,200
	-------	-------
	1,481	1,200
	-------	-------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	422,113	475,868
	---------	---------

8. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial liabilities measured at fair value through profit or loss

Financial liabilities measured at fair value through profit or loss	422,113	475,866
	---------	---------

9. Director's advances, credits and guarantees

During the year there were no advances or repayments of loan by or to the director (2024: none)

10. Related party transactions

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

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Related party 1 name or description - desc in a/c	–	–	( 338,207)	( 391,960)
Related party 2 name or description - desc in a/c	–	–	( 83,906)	( 83,906)
	----	----	---------	---------

During the year there were no reportable related party transactions.