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REGISTERED NUMBER: 07163219 (England and Wales)













Unaudited Financial Statements for the Year Ended 28 February 2023

for

REAL HOSPITALITY LTD

REAL HOSPITALITY LTD (REGISTERED NUMBER: 07163219)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REAL HOSPITALITY LTD

Company Information
for the year ended 28 February 2023







DIRECTORS: Mr C M Stuart
Mrs J Alger
Ms C E Prior
Mr R Millar





REGISTERED OFFICE: Red Lion
Brook Street
Cromer
Norfolk
NR27 9HD





REGISTERED NUMBER: 07163219 (England and Wales)





ACCOUNTANTS: Stephenson Smart (East Anglia) Limited
Queens Head House
The Street
Acle
Norwich
NR13 3DY

REAL HOSPITALITY LTD (REGISTERED NUMBER: 07163219)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 40,806 31,666
40,806 31,666

CURRENT ASSETS
Stocks 35,048 42,712
Debtors 6 14,213 14,926
Cash at bank and in hand 295,119 312,785
344,380 370,423
CREDITORS
Amounts falling due within one year 7 139,408 131,692
NET CURRENT ASSETS 204,972 238,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,778

270,397

PROVISIONS FOR LIABILITIES 6,010 2,333
NET ASSETS 239,768 268,064

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 229,768 258,064
SHAREHOLDERS' FUNDS 239,768 268,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 15 November 2023 and were signed on its behalf by:





Mrs J Alger - Director


REAL HOSPITALITY LTD (REGISTERED NUMBER: 07163219)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Real Hospitality Ltd 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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.

Website costs are amortised evenly over its estimated useful life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost and Straight line over 15 years
Plant and machinery etc - 25% on cost, 10% on cost and Straight line over 15 years

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 year 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 year 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.

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 year was 39 (2022 - 35 ) .

REAL HOSPITALITY LTD (REGISTERED NUMBER: 07163219)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2022
and 28 February 2023 2,995
AMORTISATION
At 1 March 2022
and 28 February 2023 2,995
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 19,266 211,356 230,622
Additions - 26,873 26,873
At 28 February 2023 19,266 238,229 257,495
DEPRECIATION
At 1 March 2022 9,631 189,325 198,956
Charge for year 964 16,769 17,733
At 28 February 2023 10,595 206,094 216,689
NET BOOK VALUE
At 28 February 2023 8,671 32,135 40,806
At 28 February 2022 9,635 22,031 31,666

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 14,213 14,926

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 74,266 39,894
Taxation and social security 62,308 89,798
Other creditors 2,834 2,000
139,408 131,692

REAL HOSPITALITY LTD (REGISTERED NUMBER: 07163219)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.2.23 28.2.22
£    £   
Within one year 81,500 74,500
Between one and five years 326,000 298,000
In more than five years 815,000 819,500
1,222,500 1,192,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
Mr C M Stuart
Balance outstanding at start of year - 5,000
Amounts advanced 168 -
Amounts repaid - (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 168 -

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as no shareholder holds more than 50% of the issued share capital.