The Dock Hotel Limited 5390772 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of a Public House. Digita Accounts Production Advanced 6.30.9574.0 true true 5390772 2022-04-01 2023-03-31 5390772 2023-03-31 5390772 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 5390772 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 5390772 core:FurnitureFittingsToolsEquipment 2023-03-31 5390772 core:LandBuildings 2023-03-31 5390772 core:MotorVehicles 2023-03-31 5390772 bus:SmallEntities 2022-04-01 2023-03-31 5390772 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 5390772 bus:AbridgedAccounts 2022-04-01 2023-03-31 5390772 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 5390772 bus:RegisteredOffice 2022-04-01 2023-03-31 5390772 bus:Director1 2022-04-01 2023-03-31 5390772 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 5390772 core:Goodwill 2022-04-01 2023-03-31 5390772 core:Buildings 2022-04-01 2023-03-31 5390772 core:FurnitureFittings 2022-04-01 2023-03-31 5390772 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 5390772 core:LandBuildings 2022-04-01 2023-03-31 5390772 core:MotorVehicles 2022-04-01 2023-03-31 5390772 core:Vehicles 2022-04-01 2023-03-31 5390772 countries:England 2022-04-01 2023-03-31 5390772 2022-03-31 5390772 core:FurnitureFittingsToolsEquipment 2022-03-31 5390772 core:LandBuildings 2022-03-31 5390772 core:MotorVehicles 2022-03-31 5390772 2021-04-01 2022-03-31 5390772 2022-03-31 5390772 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 5390772 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 5390772 core:FurnitureFittingsToolsEquipment 2022-03-31 5390772 core:LandBuildings 2022-03-31 5390772 core:MotorVehicles 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 5390772

The Dock Hotel Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2023

 

The Dock Hotel Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

The Dock Hotel Limited

Company Information

Director

Ms Sharon Dobey

Registered office

27 Queen Street
Amble
Morpeth
Northumberland
NE65 0BX

Accountants

AMT Business (Northumbria) Ltd
Ground Floor Lion House
Willowburn Trading Estate
Alnwick
Northumberland
NE66 2PF

 

The Dock Hotel Limited

(Registration number: 5390772)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

95,461

61,473

Current assets

 

Stocks

6

3,164

5,728

Cash at bank and in hand

 

1,302

1,186

 

4,466

6,914

Prepayments and accrued income

 

159

159

Creditors: Amounts falling due within one year

(193,099)

(146,390)

Net current liabilities

 

(188,474)

(139,317)

Total assets less current liabilities

 

(93,013)

(77,844)

Creditors: Amounts falling due after more than one year

(31,109)

(47,350)

Accruals and deferred income

 

-

(300)

Net liabilities

 

(124,122)

(125,494)

Capital and reserves

 

Called up share capital

80

80

Retained earnings

(124,202)

(125,574)

Shareholders' deficit

 

(124,122)

(125,494)

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

The Dock Hotel Limited

(Registration number: 5390772)
Abridged Balance Sheet as at 31 March 2023

Approved and authorised by the director on 31 October 2023
 

.........................................

Ms Sharon Dobey

Director

 

The Dock Hotel Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
27 Queen Street
Amble
Morpeth
Northumberland
NE65 0BX

These financial statements were authorised for issue by the director on 31 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

The Dock Hotel Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Asset class

Depreciation method and rate

Fixtures & Fittings

25% Straight Line

Freehold Property Additions

10% Straight Line

Motor Vehicles

20% Straight Line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

The Dock Hotel Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

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.

Leases

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2022 - 10).

 

The Dock Hotel Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

4

Intangible assets

Total
£

Cost or valuation

At 1 April 2022

25,000

At 31 March 2023

25,000

Amortisation

At 1 April 2022

25,000

At 31 March 2023

25,000

Carrying amount

At 31 March 2023

-

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

50,318

188,707

24,500

263,525

Additions

-

57,611

-

57,611

At 31 March 2023

50,318

246,318

24,500

321,136

Depreciation

At 1 April 2022

44,138

133,414

24,500

202,052

Charge for the year

773

22,850

-

23,623

At 31 March 2023

44,911

156,264

24,500

225,675

Carrying amount

At 31 March 2023

5,407

90,054

-

95,461

At 31 March 2022

6,180

55,293

-

61,473

Included within the net book value of land and buildings above is £5,408 (2022 - £6,180) in respect of freehold land and buildings.
 

6

Stocks

7

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.