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REGISTERED NUMBER: 00875774 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Littlehampton Hotels Co. (1966) Limited

Littlehampton Hotels Co. (1966) Limited (Registered number: 00875774)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Littlehampton Hotels Co. (1966) Limited (Registered number: 00875774)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible fixed assets 4 339,843 358,347

Current assets
Stocks 2,500 5,273
Debtors 5 937,123 718,625
Cash at bank and in hand 6,153 46,283
945,776 770,181
Creditors
Amounts falling due within one year 6 568,105 457,009
Net current assets 377,671 313,172
Total assets less current liabilities 717,514 671,519

Creditors
Amounts falling due after more than one
year

7

-

446,032
Net assets 717,514 225,487

Capital and reserves
Called up share capital 8 849,154 849,154
Retained earnings (131,640 ) (623,667 )
Shareholders' funds 717,514 225,487

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 director acknowledges his 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.

Littlehampton Hotels Co. (1966) Limited (Registered number: 00875774)

Balance Sheet - continued
31 March 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 March 2024 and were signed by:





C J Ayris - Director


Littlehampton Hotels Co. (1966) Limited (Registered number: 00875774)

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

1. Statutory information

Littlehampton Hotels Co. (1966) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00875774

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.This is usually on dispatch of the goods.

Rendering of services
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Littlehampton Hotels Co. (1966) Limited (Registered number: 00875774)

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

2. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 10% reducing balance
Freehold property - 2% straight line

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Stock is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 10 (2022 - 12 ) .

Littlehampton Hotels Co. (1966) Limited (Registered number: 00875774)

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

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 April 2022
and 31 March 2023 753,371 462,320 1,215,691
Depreciation
At 1 April 2022 429,400 427,944 857,344
Charge for year 15,067 3,437 18,504
At 31 March 2023 444,467 431,381 875,848
Net book value
At 31 March 2023 308,904 30,939 339,843
At 31 March 2022 323,971 34,376 358,347

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 41,619 26,740
Amounts owed by group undertakings 890,543 691,520
Other debtors 4,961 365
937,123 718,625

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 445,818 62,154
Trade creditors 72,643 104,229
Taxation and social security 35,532 72,880
Other creditors 14,112 217,746
568,105 457,009

Creditors falling due in less than one year include liabilities of £445,818 (2022: £62,154) which are secured by the assets to which they relate.

Littlehampton Hotels Co. (1966) Limited (Registered number: 00875774)

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

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 446,032

Creditors falling due after more than one year include liabilities of £0 (2022: £446,032) which are secured by the assets to which they relate.

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
849,154 Ordinary £1 849,154 849,154

9. Related party disclosures

During the year, the company advanced the director £19,563 (2022: £0) and the director repaid £14,602 (2022: £0) At the year end, the director owed the company £4,961 (2022: £0). The advances were interest free, unsecured and repayable on demand.