Butterchurn Guesthouse Ltd 12338776 false 2021-12-01 2023-04-30 2023-04-30 The principal activity of the company is Provision of bed and breakfast accommodation Digita Accounts Production Advanced 6.30.9574.0 true 12338776 2021-12-01 2023-04-30 12338776 2023-04-30 12338776 bus:OrdinaryShareClass1 2023-04-30 12338776 core:RetainedEarningsAccumulatedLosses 2023-04-30 12338776 core:ShareCapital 2023-04-30 12338776 core:CurrentFinancialInstruments 2023-04-30 12338776 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 12338776 core:FurnitureFittingsToolsEquipment 2023-04-30 12338776 core:MotorVehicles 2023-04-30 12338776 bus:SmallEntities 2021-12-01 2023-04-30 12338776 bus:AuditExemptWithAccountantsReport 2021-12-01 2023-04-30 12338776 bus:AbridgedAccounts 2021-12-01 2023-04-30 12338776 bus:SmallCompaniesRegimeForAccounts 2021-12-01 2023-04-30 12338776 bus:RegisteredOffice 2021-12-01 2023-04-30 12338776 bus:Director1 2021-12-01 2023-04-30 12338776 bus:Director2 2021-12-01 2023-04-30 12338776 bus:OrdinaryShareClass1 2021-12-01 2023-04-30 12338776 bus:PrivateLimitedCompanyLtd 2021-12-01 2023-04-30 12338776 core:RetainedEarningsAccumulatedLosses 2021-12-01 2023-04-30 12338776 core:ShareCapital 2021-12-01 2023-04-30 12338776 core:FurnitureFittings 2021-12-01 2023-04-30 12338776 core:FurnitureFittingsToolsEquipment 2021-12-01 2023-04-30 12338776 core:MotorCars 2021-12-01 2023-04-30 12338776 core:MotorVehicles 2021-12-01 2023-04-30 12338776 core:PlantMachinery 2021-12-01 2023-04-30 12338776 countries:EnglandWales 2021-12-01 2023-04-30 12338776 2021-11-30 12338776 core:RetainedEarningsAccumulatedLosses 2021-11-30 12338776 core:ShareCapital 2021-11-30 12338776 core:FurnitureFittingsToolsEquipment 2021-11-30 12338776 core:MotorVehicles 2021-11-30 12338776 2020-12-01 2021-11-30 12338776 2021-11-30 12338776 bus:OrdinaryShareClass1 2021-11-30 12338776 core:RetainedEarningsAccumulatedLosses 2021-11-30 12338776 core:ShareCapital 2021-11-30 12338776 core:CurrentFinancialInstruments 2021-11-30 12338776 core:CurrentFinancialInstruments core:WithinOneYear 2021-11-30 12338776 core:FurnitureFittingsToolsEquipment 2021-11-30 12338776 core:MotorVehicles 2021-11-30 12338776 core:RetainedEarningsAccumulatedLosses 2020-12-01 2021-11-30 12338776 core:ShareCapital 2020-12-01 2021-11-30 12338776 2020-11-30 12338776 core:RetainedEarningsAccumulatedLosses 2020-11-30 12338776 core:ShareCapital 2020-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12338776

Butterchurn Guesthouse Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Period from 1 December 2021 to 30 April 2023

 

Butterchurn Guesthouse Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Abridged Financial Statements

5 to 7

 

Butterchurn Guesthouse Ltd

Company Information

Directors

M Goddard

J Goddard

Registered office

Butterchurn Guesthouse
Main Street
Otterburn
Newcastle upon Tyne
NE19 1NP

Accountants

Heritage Accountancy Limited
Chartered Certified Accountants
76 Front Street
Prudhoe
Northumberland
NE42 5PU

 

Butterchurn Guesthouse Ltd

(Registration number: 12338776)
Abridged Balance Sheet as at 30 April 2023

Note

2023
£

2021
£

Fixed assets

 

Tangible assets

4

-

13,682

Current assets

 

Debtors

5

8,188

-

Cash at bank and in hand

 

7,069

92,732

 

15,257

92,732

Prepayments and accrued income

 

(1)

242

Creditors: Amounts falling due within one year

(15,156)

(80,553)

Net current assets

 

100

12,421

Total assets less current liabilities

 

100

26,103

Accruals and deferred income

 

-

(50)

Net assets

 

100

26,053

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

-

25,953

Shareholders' funds

 

100

26,053

For the financial period ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 September 2023 and signed on its behalf by:
 

 

Butterchurn Guesthouse Ltd

(Registration number: 12338776)
Abridged Balance Sheet as at 30 April 2023

.........................................
J Goddard
Director

 

Butterchurn Guesthouse Ltd

Statement of Changes in Equity for the Period from 1 December 2021 to 30 April 2023

Share capital
£

Retained earnings
£

Total
£

At 1 December 2021

100

25,953

26,053

Profit for the period

-

38,396

38,396

Dividends

-

(64,349)

(64,349)

At 30 April 2023

100

-

100

Share capital
£

Retained earnings
£

Total
£

At 1 December 2020

100

(4,388)

(4,288)

Profit for the period

-

34,341

34,341

Dividends

-

(4,000)

(4,000)

At 30 November 2021

100

25,953

26,053

 

Butterchurn Guesthouse Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 December 2021 to 30 April 2023

1

General information

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

The address of its registered office is:
Butterchurn Guesthouse
Main Street
Otterburn
Newcastle upon Tyne
NE19 1NP
England

These financial statements were authorised for issue by the Board on 15 September 2023.

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 abridged 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 abridged 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.

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 sales/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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Butterchurn Guesthouse Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 December 2021 to 30 April 2023

Tangible assets

Tangible assets are stated in the balance sheet 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.

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:

Asset class

Depreciation method and rate

Plant & Machinery

25% reducing balance basis

Motor Vehicles

25% reducing balance basis

Fixtures & Fittings

15% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Butterchurn Guesthouse Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 December 2021 to 30 April 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 1 (2021 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2021

16,518

3,000

19,518

Additions

11,918

-

11,918

Disposals

(28,436)

(3,000)

(31,436)

At 30 April 2023

-

-

-

Depreciation

At 1 December 2021

4,523

1,313

5,836

Eliminated on disposal

(4,523)

(1,313)

(5,836)

At 30 April 2023

-

-

-

Carrying amount

At 30 April 2023

-

-

-

At 30 November 2021

11,995

1,687

13,682

5

Debtors

Debtors includes £Nil (2021 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2023

2021

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100