Company Registration No. 05718265 (England and Wales)
The George Hotel at Castle Cary Ltd
Unaudited accounts
for the year ended 28 February 2025
The George Hotel at Castle Cary Ltd
Unaudited accounts
Contents
The George Hotel at Castle Cary Ltd
Statement of financial position
as at 28 February 2025
Tangible assets
37,638
55,800
Cash at bank and in hand
144,905
177,720
Creditors: amounts falling due within one year
(285,291)
(202,066)
Net current assets
301,316
29,861
Total assets less current liabilities
338,954
85,661
Creditors: amounts falling due after more than one year
-
(13,141)
Provisions for liabilities
Deferred tax
(6,938)
(9,201)
Called up share capital
10
10
Profit and loss account
332,006
63,309
Shareholders' funds
332,016
63,319
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 September 2025 and were signed on its behalf by
D S Patrick
Director
Company Registration No. 05718265
The George Hotel at Castle Cary Ltd
Notes to the Accounts
for the year ended 28 February 2025
The George Hotel at Castle Cary Ltd is a private company, limited by shares, registered in England and Wales, registration number 05718265. The registered office is The White Hart, Fore Street, Castle Cary, Somerset, BA7 7BQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised when the service has been provided.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.Deferred tax assets and liabilities are not discounted.
The George Hotel at Castle Cary Ltd
Notes to the Accounts
for the year ended 28 February 2025
4
Intangible fixed assets
Goodwill
At 28 February 2025
250,000
At 28 February 2025
250,000
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2024
8,805
39,500
48,205
2,335
98,845
Disposals
(7,006)
-
-
-
(7,006)
At 28 February 2025
1,799
39,500
48,555
2,709
92,563
At 1 March 2024
1,429
10,677
30,473
466
43,045
Charge for the year
180
5,125
6,708
801
12,814
On disposals
(934)
-
-
-
(934)
At 28 February 2025
675
15,802
37,181
1,267
54,925
At 28 February 2025
1,124
23,698
11,374
1,442
37,638
At 29 February 2024
7,376
28,823
17,732
1,869
55,800
Amounts falling due within one year
Accrued income and prepayments
5,126
6,003
Other debtors
424,976
40,754
The George Hotel at Castle Cary Ltd
Notes to the Accounts
for the year ended 28 February 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
12,492
10,000
Trade creditors
56,291
37,391
Taxes and social security
147,537
57,737
Other creditors
27,192
25,530
Loans from directors
-
17,946
The bank loan is secured against the company's assets.
8
Creditors: amounts falling due after more than one year
2025
2024
The bank loan is secured against the company's assets.
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Short term loan
-
84,976
-
84,976
11
Transactions with related parties
During the year, the company wrote off a loan of £73,427 to White Hart CC Limited, an associated company, as a bad debt. The company has ceased trading and is insolvent. The loan was interest-free, unsecured, and repayable on demand.
The transaction was not conducted under normal market conditions and is considered material. White Hart CC Limited is a related party by virtue of common control.
12
Post balance sheet events
The company entered into an agreement on 24/03/2024 to surrender the lease on its commercial property on 31/01/2026.
13
Average number of employees
During the year the average number of employees was 32 (2024: 32).