Company Registration No. 12410650 (England and Wales)
HOWARD HOUSE HOTELS LTD
Unaudited accounts
for the year ended 30 January 2023
HOWARD HOUSE HOTELS LTD
Unaudited accounts
Contents
HOWARD HOUSE HOTELS LTD
Company Information
for the year ended 30 January 2023
Company Number
12410650 (England and Wales)
Registered Office
LEXBURY
CLATFORD
MARLBOROUGH
SN8 4EB
ENGLAND
HOWARD HOUSE HOTELS LTD
Statement of financial position
as at 30 January 2023
Tangible assets
1,838,063
790,260
Investment property
6,800,000
1,035,897
Cash at bank and in hand
12,734
(169)
Creditors: amounts falling due within one year
(2,764,889)
(1,994,841)
Net current liabilities
(2,689,305)
(1,889,513)
Total assets less current liabilities
5,948,758
(63,356)
Creditors: amounts falling due after more than one year
(2,592,563)
-
Net assets/(liabilities)
3,356,195
(63,356)
Called up share capital
1
1
Revaluation reserve
2,864,103
-
Profit and loss account
492,091
(63,357)
Shareholders' funds
3,356,195
(63,356)
For the year ending 30 January 2023 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 18 October 2023 and were signed on its behalf by
H Spooner
Director
Company Registration No. 12410650
HOWARD HOUSE HOTELS LTD
Notes to the Accounts
for the year ended 30 January 2023
HOWARD HOUSE HOTELS LTD is a private company, limited by shares, registered in England and Wales, registration number 12410650. The registered office is LEXBURY, CLATFORD, MARLBOROUGH, SN8 4EB, ENGLAND.
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.
These financial statements for the year ended 30 January 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 31 January 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 for services is recognised by reference to the stage of completion of the contract.
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
Over fifteen years
Motor vehicles
Over ten years
Fixtures & fittings
Over ten years
Investment property is included at market fair value.
HOWARD HOUSE HOTELS LTD
Notes to the Accounts
for the year ended 30 January 2023
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 31 January 2022
384,922
198,199
220,919
804,040
Additions
54,013
200,801
982,494
1,237,308
At 30 January 2023
438,935
399,000
1,203,413
2,041,348
At 31 January 2022
-
13,780
-
13,780
Charge for the year
29,264
39,900
120,341
189,505
At 30 January 2023
29,264
53,680
120,341
203,285
At 30 January 2023
409,671
345,320
1,083,072
1,838,063
At 30 January 2022
384,922
184,419
220,919
790,260
Fair value at 31 January 2022
1,035,897
Net gain from fair value adjustments
2,864,103
At 30 January 2023
6,800,000
Amounts falling due within one year
Trade debtors
2,622
10,044
Accrued income and prepayments
24,413
29,833
Other debtors
35,815
4,498
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
392,860
-
Trade creditors
27,298
180,889
Other creditors
2,200,313
1,813,952
8
Creditors: amounts falling due after more than one year
2023
2022
HOWARD HOUSE HOTELS LTD
Notes to the Accounts
for the year ended 30 January 2023
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).