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REGISTERED NUMBER: 03838516 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

THE MANOR HOTEL LIMITED

THE MANOR HOTEL LIMITED (REGISTERED NUMBER: 03838516)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE MANOR HOTEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2022







DIRECTORS: M Gill
S Gill





SECRETARY: K S Gill





REGISTERED OFFICE: 38A High Street
Northwood
Middlesex
HA6 1BN





REGISTERED NUMBER: 03838516 (England and Wales)





ACCOUNTANTS: Sage & Co
Chartered Accountants
38A High Street
Northwood
Middlesex
HA6 1BN

THE MANOR HOTEL LIMITED (REGISTERED NUMBER: 03838516)

BALANCE SHEET
28 FEBRUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,038,400 4,092,128

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 14 39,099
Cash at bank and in hand 5,748 8,707
7,762 49,806
CREDITORS
Amounts falling due within one year 6 1,725,800 1,724,068
NET CURRENT LIABILITIES (1,718,038 ) (1,674,262 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,320,362

2,417,866

CREDITORS
Amounts falling due after more than
one year

7

(46,066

)

(46,066

)

PROVISIONS FOR LIABILITIES 8 (171,000 ) (171,000 )
NET ASSETS 2,103,296 2,200,800

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 1,897,608 1,912,518
Retained earnings 205,588 288,182
SHAREHOLDERS' FUNDS 2,103,296 2,200,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 MANOR HOTEL LIMITED (REGISTERED NUMBER: 03838516)

BALANCE SHEET - continued
28 FEBRUARY 2022


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 9 October 2023 and were signed on its behalf by:





M Gill - Director


THE MANOR HOTEL LIMITED (REGISTERED NUMBER: 03838516)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022


1. STATUTORY INFORMATION

The Manor Hotel 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.

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


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 as modified by the revaluation of certain assets.

Net current liabilities at the balance sheet date were £1,718,038. Accordingly, the company is dependent on support from the shareholders of the parent company in order to meet its liabilities as they fall due. The shareholders have committed to provide the company with financial support, if required, for a period of at least twelve months from the date the financial statements are approved. Accordingly, the directors consider that it is appropriate to prepare the financial statements on a going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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
Land and buildings are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. The company had previously revalued its land and buildings with subsequent additions recorded at cost. The company has adopted the transition exemption under FRS 102 paragraph 35.10(d) and has elected to use the previous revaluation as deemed cost.

Freehold land is not depreciated. All other assets are depreciated over their estimated useful lives as follows:

Freehold buildings - 2% per annum straight line
Fixtures and fittings - 15% per annum reducing balance

The difference between depreciation based on the deemed cost charged in the profit and loss account and the asset's original cost is transferred from revaluation reserve to retained earnings.

THE MANOR HOTEL LIMITED (REGISTERED NUMBER: 03838516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022


2. ACCOUNTING POLICIES - continued

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. A grant received before the performance criteria are satisfied is recognised as a liability. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 9 ) .

THE MANOR HOTEL LIMITED (REGISTERED NUMBER: 03838516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022


4. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and and
buildings fittings Totals
£    £    £   
COST OR VALUATION
At 1 March 2021 4,953,083 641,450 5,594,533
Additions 1,000 11,810 12,810
At 28 February 2022 4,954,083 653,260 5,607,343
DEPRECIATION
At 1 March 2021 947,497 554,908 1,502,405
Charge for year 51,786 14,752 66,538
At 28 February 2022 999,283 569,660 1,568,943
NET BOOK VALUE
At 28 February 2022 3,954,800 83,600 4,038,400
At 28 February 2021 4,005,586 86,542 4,092,128

The company's hotel was valued at £4,900,000 being its market value for existing use, on 7 August 2002 by FPD Savills Commercial Limited, Chartered Surveyors. In accordance with FRS 102, this valuation has not been updated.

Cost or valuation at 28 February 2022 is represented by:

Freehold Fixtures
land and and
buildings fittings Totals
£    £    £   
Valuation in 2002 4,729,605 - 4,729,605
Cost 224,478 653,260 877,738
4,954,083 653,260 5,607,343

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2022 2021
£    £   
Cost 2,706,191 2,706,191
Aggregate depreciation 766,005 729,129

THE MANOR HOTEL LIMITED (REGISTERED NUMBER: 03838516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors - 33,710
Other debtors 14 5,389
14 39,099

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 4,460 3,934
Trade creditors 179,854 163,313
Amounts owed to group undertakings 1,399,710 1,386,165
Taxation and social security 89,217 90,058
Other creditors 52,559 80,598
1,725,800 1,724,068

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 46,066 46,066

8. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 171,000 171,000

Deferred
tax
£   
Balance at 1 March 2021 171,000
Deferred tax on revaluation
Balance at 28 February 2022 171,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

THE MANOR HOTEL LIMITED (REGISTERED NUMBER: 03838516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022


10. RESERVES
Revaluation
reserve
£   
At 1 March 2021 1,912,518
Transfer of amount equivalent to
additional depreciation on revalued
assets


(14,910


)



At 28 February 2022 1,897,608

11. CONTINGENT LIABILITIES

The company has given a guarantee supported by debentures over company assets in respect of the bank borrowings of its parent company, MG Hotels Limited.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2022 and 28 February 2021:

2022 2021
£    £   
M Gill
Balance outstanding at start of year - 2,300
Amounts repaid - (2,300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -