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
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
Norfolk Mead Hotel Limited
Statement of financial position
as at 31 January 2023
Intangible assets
110,000
110,000
Tangible assets
218,691
39,575
Cash at bank and in hand
348,302
191,262
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
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
Norfolk Mead Hotel Limited
Notes to the Accounts
for the year ended 31 January 2023
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.
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 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 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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
Norfolk Mead Hotel Limited
Notes to the Accounts
for the year ended 31 January 2023
4
Intangible fixed assets
Goodwill
At 1 February 2022
110,000
At 31 January 2023
110,000
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
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
At 31 January 2023
69,206
1,794
147,159
532
218,691
At 31 January 2022
10,542
-
28,601
432
39,575
Amounts falling due within one year
Amounts due from group undertakings etc.
1,011,093
961,719
7
Creditors: amounts falling due within one year
2023
2022
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)
Norfolk Mead Hotel Limited
Notes to the Accounts
for the year ended 31 January 2023
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).