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Company Registration No. NI633240 (Northern Ireland)
Curran Court Hotel 2017 Limited Unaudited accounts for the year ended 31 March 2023
Curran Court Hotel 2017 Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
956,518 
990,382 
Current assets
Inventories
13,125 
13,750 
Debtors
14,460 
7,619 
Cash at bank and in hand
21,349 
158,599 
48,934 
179,968 
Creditors: amounts falling due within one year
(435,665)
(427,059)
Net current liabilities
(386,731)
(247,091)
Total assets less current liabilities
569,787 
743,291 
Creditors: amounts falling due after more than one year
(385,915)
(468,494)
Net assets
183,872 
274,797 
Capital and reserves
Called up share capital
50,000 
50,000 
Profit and loss account
133,872 
224,797 
Shareholders' funds
183,872 
274,797 
For the year ending 31 March 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 17 October 2023 and were signed on its behalf by
Brian McRandal Director Company Registration No. NI633240
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Curran Court Hotel 2017 Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Curran Court Hotel 2017 Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI633240. The registered office is Unit 2 Channel Wharf, 21 Old Channel Road , Belfast , Antrim, BT3 9DE.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Going concern
The director believes that Curran Court Hotel 2017 Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, Curran Court Hotel 2017 Limited continues to adopt the going concern basis in preparation of its financial statements.
Presentation currency
The accounts are presented in £ sterling.
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
2% Straight Line
Fixtures & fittings
25% Straight Line
Intangible fixed assets
Intangible fixed assets (including website costs) are included at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 5 years.
Inventories
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow-moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
Turnover
Turnover comprises the invoice value of hospitality services supplied by the company, exclusive of trade discounts and value added tax. Revenue from a contract to provide hospitality services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.
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Curran Court Hotel 2017 Limited Notes to the Accounts for the year ended 31 March 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2022
70,000 
8,203 
78,203 
At 31 March 2023
70,000 
8,203 
78,203 
Amortisation
At 1 April 2022
70,000 
8,203 
78,203 
At 31 March 2023
70,000 
8,203 
78,203 
Net book value
At 31 March 2023
- 
- 
- 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
919,374 
283,201 
1,202,575 
Additions
- 
25,801 
25,801 
At 31 March 2023
919,374 
309,002 
1,228,376 
Depreciation
At 1 April 2022
82,313 
129,880 
212,193 
Charge for the year
18,388 
41,277 
59,665 
At 31 March 2023
100,701 
171,157 
271,858 
Net book value
At 31 March 2023
818,673 
137,845 
956,518 
At 31 March 2022
837,061 
153,321 
990,382 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,460 
7,619 
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Curran Court Hotel 2017 Limited Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
77,845 
76,882 
VAT
61,626 
39,341 
Trade creditors
64,777 
47,721 
Taxes and social security
11,407 
50,884 
Other creditors
35,703 
42,624 
Loans from directors
158,257 
136,878 
Accruals
6,000 
6,000 
Deferred income
20,050 
26,729 
435,665 
427,059 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
313,019 
391,827 
Other creditors
69,480 
76,667 
Deferred income
3,416 
- 
385,915 
468,494 
Aggregate of amounts that fall due for payment after five years
34,177 
70,642 
Bank loan secured as follows: Fixed and floating charge over the property and undertaking of the company.
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
40,000 A Ordinary shares of £1 each
40,000 
40,000 
10,000 B Ordinary Shares of £1 each
10,000 
10,000 
50,000 
50,000 
10
Average number of employees
During the year the average number of employees was 59 (2022: 42).
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