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Company Registration No. 08347577 (England and Wales)
Norfolk Mead Hotel Limited Unaudited accounts for the year ended 31 January 2023
Norfolk Mead Hotel Limited Unaudited accounts Contents
Page
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Norfolk Mead Hotel Limited Company Information for the year ended 31 January 2023
Directors
J P Holliday A Duttson
Company Number
08347577 (England and Wales)
Registered Office
Norfolk Mead Hotel Church Loke Coltishall Norwich NR12 7DN
Accountants
Xeinadin Group 72 Great Suffolk Street London SE1 0BL
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Norfolk Mead Hotel Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
110,000 
110,000 
Tangible assets
218,691 
39,575 
328,691 
149,575 
Current assets
Debtors
1,015,657 
967,779 
Cash at bank and in hand
348,302 
191,262 
1,363,959 
1,159,041 
Creditors: amounts falling due within one year
(182,648)
56,537 
Net current assets
1,181,311 
1,215,578 
Net assets
1,510,002 
1,365,153 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,509,902 
1,365,053 
Shareholders' funds
1,510,002 
1,365,153 
For the year ending 31 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 directors acknowledge their 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 of Directors and authorised for issue on 4 August 2023 and were signed on its behalf by
J P Holliday Director Company Registration No. 08347577
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Norfolk Mead Hotel Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Norfolk Mead Hotel Limited is a private company, limited by shares, registered in England and Wales, registration number 08347577. The registered office is Norfolk Mead Hotel Church Loke, Coltishall, Norwich, NR12 7DN.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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 the useful life
Fixtures & fittings
20% on reducing value
Computer equipment
20% on reducing value
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Norfolk Mead Hotel Limited Notes to the Accounts for the year ended 31 January 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2022
110,000 
At 31 January 2023
110,000 
Amortisation
At 1 February 2022
- 
At 31 January 2023
- 
Net book value
At 31 January 2023
110,000 
At 31 January 2022
110,000 
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2022
13,178 
- 
37,496 
632 
51,306 
Additions
66,646 
2,243 
155,348 
233 
224,470 
At 31 January 2023
79,824 
2,243 
192,844 
865 
275,776 
Depreciation
At 1 February 2022
2,636 
- 
8,895 
200 
11,731 
Charge for the year
7,982 
449 
36,790 
133 
45,354 
At 31 January 2023
10,618 
449 
45,685 
333 
57,085 
Net book value
At 31 January 2023
69,206 
1,794 
147,159 
532 
218,691 
At 31 January 2022
10,542 
- 
28,601 
432 
39,575 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,564 
6,060 
Amounts due from group undertakings etc.
1,011,093 
961,719 
1,015,657 
967,779 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
51,282 
65,367 
Trade creditors
36,014 
18,367 
Taxes and social security
64,840 
60,982 
Other creditors
21,119 
22,737 
Loans from directors
7,893 
(225,240)
Accruals
1,500 
1,250 
182,648 
(56,537)
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Norfolk Mead Hotel Limited Notes to the Accounts for the year ended 31 January 2023
8
Controlling party
The company is controlled by NMH Properties Ltd, a company registered in England and Wales.
9
Average number of employees
During the year the average number of employees was 39 (2022: 38).
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