IRIS Accounts Production v23.1.5.20 05708474 Board of Directors Board of Directors 1.11.21 22.12.22 22.12.22 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure057084742021-10-31057084742022-12-22057084742021-11-012022-12-22057084742020-10-31057084742020-11-012021-10-31057084742021-10-3105708474ns16:EnglandWales2021-11-012022-12-2205708474ns15:PoundSterling2021-11-012022-12-2205708474ns11:Director12021-11-012022-12-2205708474ns11:Director22021-11-012022-12-2205708474ns11:PrivateLimitedCompanyLtd2021-11-012022-12-2205708474ns11:SmallEntities2021-11-012022-12-2205708474ns11:AuditExempt-NoAccountantsReport2021-11-012022-12-2205708474ns11:SmallCompaniesRegimeForAccounts2021-11-012022-12-2205708474ns11:FullAccounts2021-11-012022-12-220570847412021-11-012022-12-2205708474ns11:OrdinaryShareClass12021-11-012022-12-2205708474ns11:RegisteredOffice2021-11-012022-12-2205708474ns6:CurrentFinancialInstruments2022-12-2205708474ns6:CurrentFinancialInstruments2021-10-3105708474ns6:Non-currentFinancialInstruments2022-12-2205708474ns6:Non-currentFinancialInstruments2021-10-3105708474ns6:ShareCapital2022-12-2205708474ns6:ShareCapital2021-10-3105708474ns6:RevaluationReserve2022-12-2205708474ns6:RevaluationReserve2021-10-3105708474ns6:RetainedEarningsAccumulatedLosses2022-12-2205708474ns6:RetainedEarningsAccumulatedLosses2021-10-3105708474ns6:NetGoodwill2021-11-012022-12-2205708474ns6:IntangibleAssetsOtherThanGoodwill2021-11-012022-12-2205708474ns6:OwnedOrFreeholdAssetsns6:LandBuildings2021-11-012022-12-2205708474ns6:LeaseholdImprovements2021-11-012022-12-2205708474ns6:FurnitureFittings2021-11-012022-12-2205708474ns6:ComputerEquipment2021-11-012022-12-2205708474ns6:NetGoodwill2021-10-3105708474ns6:NetGoodwill2022-12-2205708474ns6:NetGoodwill2021-10-3105708474ns6:LandBuildings2021-10-3105708474ns6:LeaseholdImprovements2021-10-3105708474ns6:FurnitureFittings2021-10-3105708474ns6:ComputerEquipment2021-10-3105708474ns6:LandBuildings2021-11-012022-12-2205708474ns6:LandBuildings2022-12-2205708474ns6:LeaseholdImprovements2022-12-2205708474ns6:FurnitureFittings2022-12-2205708474ns6:ComputerEquipment2022-12-2205708474ns6:LandBuildings2021-10-3105708474ns6:LeaseholdImprovements2021-10-3105708474ns6:FurnitureFittings2021-10-3105708474ns6:ComputerEquipment2021-10-3105708474ns6:WithinOneYearns6:CurrentFinancialInstruments2022-12-2205708474ns6:WithinOneYearns6:CurrentFinancialInstruments2021-10-3105708474ns6:Secured2022-12-2205708474ns6:Secured2021-10-3105708474ns11:OrdinaryShareClass12022-12-2205708474ns6:RetainedEarningsAccumulatedLosses2021-10-3105708474ns6:RevaluationReserve2021-10-3105708474ns6:RetainedEarningsAccumulatedLosses2021-11-012022-12-22
REGISTERED NUMBER: 05708474 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2021 TO 22 DECEMBER 2022

FOR

THE AUGUSTUS HOTEL (BHAM) LIMITED

THE AUGUSTUS HOTEL (BHAM) LIMITED (REGISTERED NUMBER: 05708474)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2021 TO 22 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE AUGUSTUS HOTEL (BHAM) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2021 TO 22 DECEMBER 2022







DIRECTORS: R S Sandhar
J S Pahal





REGISTERED OFFICE: Harpal House
14 Holyhead Road
Handsworth
Birmingham
West Midlands
B21 0LT





REGISTERED NUMBER: 05708474 (England and Wales)

THE AUGUSTUS HOTEL (BHAM) LIMITED (REGISTERED NUMBER: 05708474)

BALANCE SHEET
22 DECEMBER 2022

22/12/22 31/10/21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 102,000 105,000
Tangible assets 5 2,895,169 2,938,261
2,997,169 3,043,261

CURRENT ASSETS
Stocks 6 - 1,481
Cash at bank and in hand 137,631 75,436
137,631 76,917
CREDITORS
Amounts falling due within one year 7 993,597 943,327
NET CURRENT LIABILITIES (855,966 ) (866,410 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,141,203

2,176,851

CREDITORS
Amounts falling due after more than one
year

8

1,023,529

1,196,356
NET ASSETS 1,117,674 980,495

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Revaluation reserve 12 43,561 43,561
Retained earnings 12 1,073,113 935,934
SHAREHOLDERS' FUNDS 1,117,674 980,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 22 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 22 December 2022 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 AUGUSTUS HOTEL (BHAM) LIMITED (REGISTERED NUMBER: 05708474)

BALANCE SHEET - continued
22 DECEMBER 2022


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 21 November 2023 and were signed on its behalf by:




R S Sandhar - Director



J S Pahal - Director


THE AUGUSTUS HOTEL (BHAM) LIMITED (REGISTERED NUMBER: 05708474)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2021 TO 22 DECEMBER 2022

1. STATUTORY INFORMATION

The Augustus Hotel (Bham) 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of fifty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 2% on cost
Fixtures and fittings - 10% on reducing balance
Computer equipment - 10% on 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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

THE AUGUSTUS HOTEL (BHAM) LIMITED (REGISTERED NUMBER: 05708474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2021 TO 22 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2021 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2021
and 22 December 2022 150,000
AMORTISATION
At 1 November 2021 45,000
Amortisation for period 3,000
At 22 December 2022 48,000
NET BOOK VALUE
At 22 December 2022 102,000
At 31 October 2021 105,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 November 2021 2,068,142 764,997 910,680 952 3,744,771
Additions - - 5,185 4,598 9,783
At 22 December 2022 2,068,142 764,997 915,865 5,550 3,754,554
DEPRECIATION
At 1 November 2021 - 163,333 643,082 95 806,510
Charge for period - 15,300 37,030 545 52,875
At 22 December 2022 - 178,633 680,112 640 859,385
NET BOOK VALUE
At 22 December 2022 2,068,142 586,364 235,753 4,910 2,895,169
At 31 October 2021 2,068,142 601,664 267,598 857 2,938,261

THE AUGUSTUS HOTEL (BHAM) LIMITED (REGISTERED NUMBER: 05708474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2021 TO 22 DECEMBER 2022

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 22 December 2022 is represented by:

Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
Valuation in 2010 43,561 - - - 43,561
Cost 2,024,581 764,997 915,865 5,550 3,710,993
2,068,142 764,997 915,865 5,550 3,754,554

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

22/12/22 31/10/21
£    £   
Cost 2,024,581 2,024,581

Value of land in freehold land and buildings 2,024,581 2,024,581

Freehold land and buildings were valued on open market basis on 17 February 2010 by Taylors Business Surveyors & Valuers Ltd .

6. STOCKS
22/12/22 31/10/21
£    £   
Stocks - 1,481

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
22/12/22 31/10/21
£    £   
Bank loans and overdrafts (see note 9) 42,159 50,000
Trade creditors 24,511 16,647
Tax 64,605 35,337
Social security and other taxes 20,931 18,079
VAT 5,050 1,163
Shareholders loan accounts 792,473 792,473
RBS Credit Card 2,765 1,963
Wages Control 34,174 18,107
Nest Pensions 1,054 4,218
Accrued expenses 5,875 5,340
993,597 943,327

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
22/12/22 31/10/21
£    £   
Bank loans (see note 9) 1,023,529 1,196,356

THE AUGUSTUS HOTEL (BHAM) LIMITED (REGISTERED NUMBER: 05708474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2021 TO 22 DECEMBER 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
22/12/22 31/10/21
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 97,635

9. LOANS

An analysis of the maturity of loans is given below:

22/12/22 31/10/21
£    £   
Amounts falling due within one year or on demand:
HSBC - commercial Mortgage 42,159 50,000

Amounts falling due between one and two years:
RBS Loan 1,023,529 1,098,721

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 97,635

10. SECURED DEBTS

The following secured debts are included within creditors:

22/12/22 31/10/21
£    £   
Bank loans 1,065,688 1,246,356

The bank borrowing is secured by:

1. 1st Legal charge -Granted by Augustus Hotel (BHAM) Limited -is secured against the Edgbaston Palace Hotel, 198-200 Hagley Road, Birmingham and its associated assets.(Freehold Property)

2. 1st Legal charge -Granted by Augustus Hotel (BHAM) Limited- is secured against the Edgbaston Palace Hotel, 202 Hagley Road, Birmingham and its associated assets.

3. Debentures -Granted by Augustus Hotel (BHAM) Limited .

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 22/12/22 31/10/21
value: £    £   
1,000 Ordinary £1 1,000 1,000

THE AUGUSTUS HOTEL (BHAM) LIMITED (REGISTERED NUMBER: 05708474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2021 TO 22 DECEMBER 2022

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 November 2021 935,934 43,561 979,495
Profit for the period 137,179 137,179
At 22 December 2022 1,073,113 43,561 1,116,674