Silverfin false 31/03/2023 01/04/2022 31/03/2023 R S Luxon 26/11/2013 19 October 2023 The principal activity of the Company during the financial year was that of operating a hotel and restaurant. 04274548 2023-03-31 04274548 bus:Director1 2023-03-31 04274548 2022-03-31 04274548 core:CurrentFinancialInstruments 2023-03-31 04274548 core:CurrentFinancialInstruments 2022-03-31 04274548 core:Non-currentFinancialInstruments 2023-03-31 04274548 core:Non-currentFinancialInstruments 2022-03-31 04274548 core:ShareCapital 2023-03-31 04274548 core:ShareCapital 2022-03-31 04274548 core:RevaluationReserve 2023-03-31 04274548 core:RevaluationReserve 2022-03-31 04274548 core:RetainedEarningsAccumulatedLosses 2023-03-31 04274548 core:RetainedEarningsAccumulatedLosses 2022-03-31 04274548 core:LandBuildings 2022-03-31 04274548 core:PlantMachinery 2022-03-31 04274548 core:FurnitureFittings 2022-03-31 04274548 core:ComputerEquipment 2022-03-31 04274548 core:LandBuildings 2023-03-31 04274548 core:PlantMachinery 2023-03-31 04274548 core:FurnitureFittings 2023-03-31 04274548 core:ComputerEquipment 2023-03-31 04274548 core:CurrentFinancialInstruments core:Secured 2023-03-31 04274548 2022-04-01 2023-03-31 04274548 bus:FullAccounts 2022-04-01 2023-03-31 04274548 bus:SmallEntities 2022-04-01 2023-03-31 04274548 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04274548 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04274548 bus:Director1 2022-04-01 2023-03-31 04274548 core:LandBuildings core:TopRangeValue 2022-04-01 2023-03-31 04274548 core:PlantMachinery 2022-04-01 2023-03-31 04274548 core:FurnitureFittings 2022-04-01 2023-03-31 04274548 core:ComputerEquipment core:TopRangeValue 2022-04-01 2023-03-31 04274548 2021-04-01 2022-03-31 04274548 core:LandBuildings 2022-04-01 2023-03-31 04274548 core:ComputerEquipment 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 04274548 (England and Wales)

BRENT KNOLL MANOR LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

BRENT KNOLL MANOR LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

BRENT KNOLL MANOR LIMITED

BALANCE SHEET

As at 31 March 2023
BRENT KNOLL MANOR LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,560,171 1,599,017
1,560,171 1,599,017
Current assets
Stocks 4 16,009 3,595
Debtors 5 126,065 40,647
Cash at bank and in hand 12,508 10,500
154,582 54,742
Creditors: amounts falling due within one year 6 ( 243,192) ( 136,185)
Net current liabilities (88,610) (81,443)
Total assets less current liabilities 1,471,561 1,517,574
Creditors: amounts falling due after more than one year 7 ( 254,821) ( 277,411)
Provision for liabilities ( 5,675) ( 9,491)
Net assets 1,211,065 1,230,672
Capital and reserves
Called-up share capital 560,100 560,100
Revaluation reserve 735,091 735,091
Profit and loss account ( 84,126 ) ( 64,519 )
Total shareholder's funds 1,211,065 1,230,672

For the financial 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.

Director's responsibilities:

The financial statements of Brent Knoll Manor Limited (registered number: 04274548) were approved and authorised for issue by the Director on 19 October 2023. They were signed on its behalf by:

R S Luxon
Director
BRENT KNOLL MANOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
BRENT KNOLL MANOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Brent Knoll Manor Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Fox And Goose Inn, Bristol Road, Brent Knoll, TA9 4HH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 20 % reducing balance
Fixtures and fittings 20 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Leases

The Company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on
a straight-line basis over the period of the lease.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at X. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Government grants

Government grants are recognised within other operating income based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

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

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 20 20

3. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 April 2022 1,629,203 98,028 207,806 49,517 1,984,554
At 31 March 2023 1,629,203 98,028 207,806 49,517 1,984,554
Accumulated depreciation
At 01 April 2022 68,150 81,298 189,088 47,001 385,537
Charge for the financial year 30,750 3,346 3,744 1,006 38,846
At 31 March 2023 98,900 84,644 192,832 48,007 424,383
Net book value
At 31 March 2023 1,530,303 13,384 14,974 1,510 1,560,171
At 31 March 2022 1,561,053 16,730 18,718 2,516 1,599,017

4. Stocks

2023 2022
£ £
Stocks 16,009 3,595

5. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 108,511 37,262
Amounts owed by associates 15,581 0
Prepayments 1,923 1,835
Other debtors 50 1,550
126,065 40,647

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans and overdrafts (secured) 79,717 65,584
Trade creditors 43,489 19,635
Amounts owed to associates 21,487 22,818
Taxation and social security 54,807 9,141
Other creditors 43,692 19,007
243,192 136,185

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans (secured) 254,821 277,411

8. Ultimate controlling party

Parent Company:

Fox & Goose
3 Filers Way
Weston Gateway Business Park
Weston-Super-Mare, United Kingdom
BS24 7JP