REGISTERED NUMBER: 02496568 (England and Wales)

Audited Financial Statements for the Year Ended 28th February 2025

for

Inn On The Lake Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Degiorgio

F Degiorgio

S Degiorgio

REGISTERED OFFICE:

King Charles Hotel

Brompton Road

Gillingham

Kent

ME7 5QT

REGISTERED NUMBER:

02496568 (England and Wales)

AUDITORS:

Beak Kemmenoe

Chartered Accountants

& Statutory Auditors

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Tangible assets

4

70,248

63,392

CURRENT ASSETS

Stocks

24,200

23,500

Debtors

5

13,523,014

13,534,115

Cash at bank

22,206

27,144

13,569,420

13,584,759

CREDITORS

Amounts falling due within one year

6

8,374,200

8,664,825

NET CURRENT ASSETS

5,195,220

4,919,934

TOTAL ASSETS LESS CURRENT LIABILITIES

5,265,468

4,983,326

PROVISIONS FOR LIABILITIES

33,464

14,836

NET ASSETS

5,232,004

4,968,490

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

8

5,231,004

4,967,490

SHAREHOLDERS' FUNDS

5,232,004

4,968,490

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 Board of Directors and authorised for issue on 26th November 2025 and were signed on its behalf by:

S Degiorgio - Director

1.	STATUTORY INFORMATION

Inn On The Lake 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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, 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.

In preparing the financial statements the directors have made the following judgements:

Determining the useful lives and depreciation policies for the company's various classes of tangible fixed assets. The directors base these estimates on technological advancement, future investments, economic utilisation and physical condition of the assets to ensure that the depreciation policy used is sufficient so that the carrying value does not exceed its net realisable value.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

5 to 10 years straight line

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 29th February 2024

526,396

Additions

24,526

Disposals

(395,818

)

At 28th February 2025

155,104

DEPRECIATION

At 29th February 2024

463,004

Charge for year

17,670

Eliminated on disposal

(395,818

)

At 28th February 2025

84,856

NET BOOK VALUE

At 28th February 2025

70,248

At 28th February 2024

63,392

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,750

8,455

Other debtors and prepayments

13,520,264

13,525,660

13,523,014

13,534,115

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

13,522

35,038

Corporation tax

91,519

340,535

Social security and other taxes

74,387

181,723

Other creditors

8,194,772

8,107,529

8,374,200

8,664,825

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.

RESERVES

Retained

earnings

£

At 29th February 2024

4,967,490

Profit for the year

263,514

At 28th February 2025

5,231,004

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

The Report of the Auditors was unqualified.

Natalie Harrison FCA FCCA CTA TEP (Senior Statutory Auditor)

for and on behalf of Beak Kemmenoe

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of Degiorgio Holdings Limited, registered office King Charles Hotel, Brompton Road, Gillingham, Kent, ME7 5QT, which is the parent company and holder of 100% of the share capital.