WEETWOOD HALL LIMITED

1. WEETWOOD HALL LIMITED 1991-06-26 → present
2. SIMCO 407 LIMITED 1991-05-09 → 1991-06-26

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors are satisfied with the future prospects of the Company and are satisfied that Weetwood Hall Limited adopts the going concern principle. The Directors have considered the future cash flows of the Company, taking into account current and future trading and the servicing of debt. Whilst the Company is in a net current liability position (as in prior years), the University has agreed to pause any loan repayments until cashflows recover, and there is discretion over if and when Gift Aid payments are made back to the University. The Company monitors cash flow as part of its day-to-day control procedures. The University, as the parent undertaking, has provided a letter of support to the Company signalling the University's willingness to provide the necessary financial support to allow the Company to meet its liabilities as they fall due in the normal course of business. The Directors have considered the financial strength of the University and are satisfied that the University has sufficient available funds to provide this support as needed. On this basis, the Directors believe that the Company has sufficient funds to meet its commitments for the foreseeable future, being at least 12 months from the date of signing. As a result, the accounts continue to be prepared on a going concern basis.”

Significant events

• “The Company operates in a highly competitive market and one which is heavily influenced by the overall health of the economy. In addition, there is a continued risk in respect of how the business will continue to recover from the pandemic, and cope with inflationary pressures from ongoing global events.”
• “The hotel progressed further with its room refurbishment plans, increasing the appeal of 32 smaller rooms and 3 larger rooms this year.”
• “Due to capital expenditure during the year on refurbishments to rooms, restaurants and the reception area, the balance sheet shows a decreased cash position of £287,792 at year end (2024: £385,795). There has been a continued moratorium on repayments of the loans with the University of Leeds due to trading being below plan.”
• “The Directors expect a period of growth of both revenue and profit as the business continues returning to pre-pandemic trading. Economic factors are continuing to have an impact, however, the business is continuing to experience an increase in leisure, and corporate enquiries and the sports market is once again starting to provide a much-needed increase in revenue.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +4.6%

  £4,524,735 → £4,734,313

  highest in 3 filed years

• Cash

  -25.4%

  £385,795 → £287,792

• Net assets

  -32.1%

  £1,332,948 → £905,443

  lowest in 3 filed years

• Employees

  -1.3%

  76 → 75

  lowest in 3 filed years

• Operating profit

  +31.7%

  -£174,863 → -£119,380

  highest in 3 filed years

• Profit before tax

  +3.3%

  -£402,798 → -£389,485

  highest in 3 filed years

• Wages

  -2.5%

  £1,742,636 → £1,699,137

  lowest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers