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REGISTERED NUMBER: 11117575 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

JDP Hotels 2 Limited

JDP Hotels 2 Limited (Registered number: 11117575)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JDP Hotels 2 Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr P J Paw
Mrs P D Tanna





REGISTERED OFFICE: Prima House
15a Wedge Street
Walsall
WS1 2HQ





REGISTERED NUMBER: 11117575 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

JDP Hotels 2 Limited (Registered number: 11117575)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 250,000 300,000
Tangible assets 5 2,661,350 2,628,719
2,911,350 2,928,719

CURRENT ASSETS
Stocks 21,546 14,000
Debtors 6 217,601 39,597
Cash at bank and in hand 300,446 258,813
539,593 312,410
CREDITORS
Amounts falling due within one year 7 (987,606 ) (757,914 )
NET CURRENT LIABILITIES (448,013 ) (445,504 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,463,337

2,483,215

CREDITORS
Amounts falling due after more than
one year

8

(1,983,403

)

(2,123,374

)

PROVISIONS FOR LIABILITIES (27,730 ) (17,464 )
NET ASSETS 452,204 342,377

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 452,104 342,277
SHAREHOLDERS' FUNDS 452,204 342,377

JDP Hotels 2 Limited (Registered number: 11117575)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by:





Mr P J Paw - Director


JDP Hotels 2 Limited (Registered number: 11117575)

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


1. STATUTORY INFORMATION

JDP Hotels 2 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The company was at the end of the year, a wholly owned subsidiary of another company incorporated in the EEA and in accordance with Section 400 of the Companies Act 2006, is not required to produce, and has not published consolidated accounts.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for hotel accommodation and other related services provided in the normal course of business, and is shown net of value added tax. The fair value of consideration taken into account trade discounts, settlement discounts and volume rebates. Revenue is recognised at the time of hotel stay and restaurant visit by guests.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold 1% straight line
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


JDP Hotels 2 Limited (Registered number: 11117575)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Audit exemption
The company is entitled to exemption from audit under Section 479A of the Companies Act 2006 relating to subsidiary companies for the year ended 31/03/2023.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 92 (2022 - 82 ) .

JDP Hotels 2 Limited (Registered number: 11117575)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 500,000
AMORTISATION
At 1 April 2022 200,000
Amortisation for year 50,000
At 31 March 2023 250,000
NET BOOK VALUE
At 31 March 2023 250,000
At 31 March 2022 300,000

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 2,480,700 398,018 83,895 2,962,613
Additions 13,130 80,416 2,000 95,546
At 31 March 2023 2,493,830 478,434 85,895 3,058,159
DEPRECIATION
At 1 April 2022 49,494 269,079 15,321 333,894
Charge for year 12,404 33,076 17,435 62,915
At 31 March 2023 61,898 302,155 32,756 396,809
NET BOOK VALUE
At 31 March 2023 2,431,932 176,279 53,139 2,661,350
At 31 March 2022 2,431,206 128,939 68,574 2,628,719

JDP Hotels 2 Limited (Registered number: 11117575)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 98,285 (69,296 )
Amounts owed by group undertakings 115,203 108,892
Other debtors 4,113 1
217,601 39,597

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 207,035 177,917
Trade creditors 161,616 69,764
Amounts owed to group undertakings 373,830 377,454
Taxation and social security 120,074 112,055
Other creditors 125,051 20,724
987,606 757,914

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 1,983,403 2,123,374

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,983,403 2,123,374

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is JDP Hotels Holdings Limited by virtue of its ownership of 100% of the issued share capital in the company.