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REGISTERED NUMBER: 09991958 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

YORKSHIRE HOSPITALITY LTD

YORKSHIRE HOSPITALITY LTD (REGISTERED NUMBER: 09991958)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YORKSHIRE HOSPITALITY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr Richard John Dean
Mrs Rachel Emma Crowther
Mr Robert John Dean
Mrs Kathryn Isabel Allison-Dean





SECRETARY: Mrs Rachel Emma Crowther





REGISTERED OFFICE: Scarborough Travel & Holiday Lodge
33 Valley Road
Scarborough
North Yorkshire
YO11 2LX





REGISTERED NUMBER: 09991958 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

YORKSHIRE HOSPITALITY LTD (REGISTERED NUMBER: 09991958)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,678 29,181
Tangible assets 5 2,229,556 1,807,873
2,253,234 1,837,054

CURRENT ASSETS
Stocks 11,657 4,846
Debtors 6 575,177 241,590
Cash at bank and in hand 320,414 105,181
907,248 351,617
CREDITORS
Amounts falling due within one year 7 795,997 583,941
NET CURRENT ASSETS/(LIABILITIES) 111,251 (232,324 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,364,485 1,604,730

CREDITORS
Amounts falling due after more than one
year

8

(1,303,284

)

(969,972

)

PROVISIONS FOR LIABILITIES (49,396 ) (28,061 )
NET ASSETS 1,011,805 606,697

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 1,011,685 606,577
1,011,805 606,697

YORKSHIRE HOSPITALITY LTD (REGISTERED NUMBER: 09991958)

BALANCE SHEET - continued
31 MARCH 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:





Mr Robert John Dean - Director


YORKSHIRE HOSPITALITY LTD (REGISTERED NUMBER: 09991958)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Yorkshire Hospitality Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The level of rounding used in the financial statements is to the nearest £1.

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.

Turnover
The turnover shown in the profit and loss account represents the total invoice value, excluding value added tax, of sales made during the year. Sales are recognised in the profit and loss account in the period in which the sales relate.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings - 2% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of costs 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 profit and loss account, 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.


YORKSHIRE HOSPITALITY LTD (REGISTERED NUMBER: 09991958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern - basis of preparation
In assessing the appropriateness of the application of the going concern basis, the directors have considered the uncertainties around the general economic environment, the current and future trading performance of the company and available cash. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, accordingly they continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 35,032 10,000 45,032
AMORTISATION
At 1 April 2022 13,518 2,333 15,851
Charge for year 3,503 2,000 5,503
At 31 March 2023 17,021 4,333 21,354
NET BOOK VALUE
At 31 March 2023 18,011 5,667 23,678
At 31 March 2022 21,514 7,667 29,181

YORKSHIRE HOSPITALITY LTD (REGISTERED NUMBER: 09991958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and Short and Computer
buildings leasehold fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 1,806,384 1,107 372,573 3,982 2,184,046
Additions 415,600 - 122,720 1,450 539,770
At 31 March 2023 2,221,984 1,107 495,293 5,432 2,723,816
DEPRECIATION
At 1 April 2022 121,829 792 250,233 3,319 376,173
Charge for year 41,445 222 75,596 824 118,087
At 31 March 2023 163,274 1,014 325,829 4,143 494,260
NET BOOK VALUE
At 31 March 2023 2,058,710 93 169,464 1,289 2,229,556
At 31 March 2022 1,684,555 315 122,340 663 1,807,873

Included within freehold land and buildings is land of £150,000 which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 526,498 209,272
Other debtors 48,679 32,318
575,177 241,590

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 116,581 105,686
Trade creditors 213,344 76,565
Taxation and social security 294,956 139,782
Other creditors 171,116 261,908
795,997 583,941

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 1,303,284 969,972

Amounts falling due in more than five years:

Repayable by instalments
Bank loans falling due after more than 5
years

880,807

554,852

YORKSHIRE HOSPITALITY LTD (REGISTERED NUMBER: 09991958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,419,865 1,075,658

The bank borrowings are secured by legal mortgages over all freehold property owned by the company and a debenture comprising a fixed and floating charge over all assets and undertakings of the company.

10. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments that are not included in the balance sheet is £126,404 (2022 £185,504)

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr Richard John Dean
Balance outstanding at start of year - 16,519
Amounts advanced - 58,786
Amounts repaid - (75,305 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

12. RELATED PARTY TRANSACTIONS

Included in creditors falling due within one year is £96,965 (2022 £96,965) owing to directors and shareholders of the company. These loans are deemed to be repayable on demand and no interest
has been charged to the company on the amounts outstanding.

Included in creditors is a loan of £0 (2022 £120,000) from a company in which some of the directors are also directors and shareholders . This loan is deemed to be repayable on demand and no interest has
been charged by the company on the amount outstanding.