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
Tangible assets
956,518
990,382
Cash at bank and in hand
21,349
158,599
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
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
Curran Court Hotel 2017 Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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 (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.
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 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.
Curran Court Hotel 2017 Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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Intangible fixed assets
Goodwill
Other
Total
At 1 April 2022
70,000
8,203
78,203
At 31 March 2023
70,000
8,203
78,203
At 1 April 2022
70,000
8,203
78,203
At 31 March 2023
70,000
8,203
78,203
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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
At 31 March 2023
919,374
309,002
1,228,376
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
At 31 March 2023
818,673
137,845
956,518
At 31 March 2022
837,061
153,321
990,382
Amounts falling due within one year
Trade debtors
14,460
7,619
Curran Court Hotel 2017 Limited
Notes to the Accounts
for the year ended 31 March 2023
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
77,845
76,882
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
Deferred income
20,050
26,729
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Creditors: amounts falling due after more than one year
2023
2022
Bank loans
313,019
391,827
Other creditors
69,480
76,667
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.
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
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Average number of employees
During the year the average number of employees was 59 (2022: 42).