IRIS Accounts Production v23.4.0.336 01593427 Board of Directors 1.7.22 30.6.23 30.6.23 true false true true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015934272022-06-30015934272023-06-30015934272022-07-012023-06-30015934272021-06-30015934272021-07-012022-06-30015934272022-06-3001593427ns14:PoundSterling2022-07-012023-06-3001593427ns10:Director12022-07-012023-06-3001593427ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3001593427ns10:FRS1022022-07-012023-06-3001593427ns10:Audited2022-07-012023-06-3001593427ns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2022-07-012023-06-3001593427ns10:LargeMedium-sizedCompaniesRegimeForAccounts2022-07-012023-06-3001593427ns10:FullAccounts2022-07-012023-06-3001593427ns10:OrdinaryShareClass12022-07-012023-06-3001593427ns10:Director22022-07-012023-06-3001593427ns10:CompanySecretary12022-07-012023-06-3001593427ns10:RegisteredOffice2022-07-012023-06-300159342712022-07-012023-06-300159342712021-07-012022-06-3001593427ns5:CurrentFinancialInstruments2023-06-3001593427ns5:CurrentFinancialInstruments2022-06-3001593427ns5:Non-currentFinancialInstruments2023-06-3001593427ns5:Non-currentFinancialInstruments2022-06-3001593427ns5:ShareCapital2023-06-3001593427ns5:ShareCapital2022-06-3001593427ns5:SharePremium2023-06-3001593427ns5:SharePremium2022-06-3001593427ns5:RevaluationReserve2023-06-3001593427ns5:RevaluationReserve2022-06-3001593427ns5:RetainedEarningsAccumulatedLosses2023-06-3001593427ns5:RetainedEarningsAccumulatedLosses2022-06-3001593427ns5:ShareCapital2021-06-3001593427ns5:RetainedEarningsAccumulatedLosses2021-06-3001593427ns5:SharePremium2021-06-3001593427ns5:RevaluationReserve2021-06-3001593427ns5:RetainedEarningsAccumulatedLosses2021-07-012022-06-3001593427ns5:RevaluationReserve2021-07-012022-06-3001593427ns5:RetainedEarningsAccumulatedLosses2022-07-012023-06-3001593427ns5:RevaluationReserve2022-07-012023-06-3001593427ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-07-012023-06-3001593427ns5:FurnitureFittings2022-07-012023-06-3001593427ns5:MotorVehicles2022-07-012023-06-3001593427ns5:ComputerEquipment2022-07-012023-06-3001593427ns5:ReportableOperatingSegment12022-07-012023-06-3001593427ns5:ReportableOperatingSegment12021-07-012022-06-3001593427ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2022-07-012023-06-3001593427ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2021-07-012022-06-3001593427ns5:OwnedAssets2022-07-012023-06-3001593427ns5:OwnedAssets2021-07-012022-06-3001593427112022-07-012023-06-3001593427112021-07-012022-06-3001593427ns5:HirePurchaseContracts2022-07-012023-06-3001593427ns5:HirePurchaseContracts2021-07-012022-06-3001593427ns10:OrdinaryShareClass12021-07-012022-06-3001593427ns5:LandBuildings2022-06-3001593427ns5:LeaseholdImprovements2022-06-3001593427ns5:FurnitureFittings2022-06-3001593427ns5:LandBuildings2022-07-012023-06-3001593427ns5:LeaseholdImprovements2022-07-012023-06-3001593427ns5:LandBuildings2023-06-3001593427ns5:LeaseholdImprovements2023-06-3001593427ns5:FurnitureFittings2023-06-3001593427ns5:LandBuildings2022-06-3001593427ns5:LeaseholdImprovements2022-06-3001593427ns5:FurnitureFittings2022-06-3001593427ns5:MotorVehicles2022-06-3001593427ns5:ComputerEquipment2022-06-3001593427ns5:MotorVehicles2023-06-3001593427ns5:ComputerEquipment2023-06-3001593427ns5:MotorVehicles2022-06-3001593427ns5:ComputerEquipment2022-06-3001593427ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3001593427ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3001593427ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-3001593427ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-06-3001593427ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3001593427ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-06-3001593427ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3001593427ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3001593427ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-06-3001593427ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-06-3001593427ns5:HirePurchaseContracts2023-06-3001593427ns5:HirePurchaseContracts2022-06-3001593427ns5:WithinOneYear2023-06-3001593427ns5:WithinOneYear2022-06-3001593427ns5:BetweenOneFiveYears2023-06-3001593427ns5:BetweenOneFiveYears2022-06-3001593427ns5:AllPeriods2023-06-3001593427ns5:AllPeriods2022-06-3001593427ns5:AcceleratedTaxDepreciationDeferredTax2023-06-3001593427ns5:AcceleratedTaxDepreciationDeferredTax2022-06-3001593427ns5:DeferredTaxation2022-06-3001593427ns5:DeferredTaxation2022-07-012023-06-3001593427ns5:DeferredTaxation2023-06-3001593427ns10:OrdinaryShareClass12023-06-3001593427ns5:RetainedEarningsAccumulatedLosses2022-06-3001593427ns5:SharePremium2022-06-3001593427ns5:RevaluationReserve2022-06-30015934271ns10:Director12022-06-30015934271ns10:Director12021-06-30015934271ns10:Director12022-07-012023-06-30015934271ns10:Director12021-07-012022-06-30015934271ns10:Director12023-06-30015934271ns10:Director12022-06-30
REGISTERED NUMBER: 01593427















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

WHITLEY HALL HOTEL LIMITED

WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Notes to the Financial Statements 12


WHITLEY HALL HOTEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: R D V Broadbent
Mrs A Stanley



SECRETARY: R D V Broadbent



REGISTERED OFFICE: Whitley Hall, Elliott Lane
Grenoside
Sheffield
S35 8NR



REGISTERED NUMBER: 01593427



AUDITORS: Hollis and Co Limited
Chartered Accountants
Statutory Auditor
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB



BANKERS: HSBC UK
Carmel House
49-63 Fargate
Sheffield
S1 2HD

WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2023

The directors present their strategic report for the year ended 30 June 2023.

REVIEW OF BUSINESS
The results of the company for the year and its financial position are shown in the annexed financial statements.

For the year ended 30 June 2023, the company achieved a profit before tax of £316,091 (2022: £571,937).on turnover of £4,032,915 (2022; £3,631,481).

In the last twelve months we have continued to upgrade the hotel with the addition of more facilities and services with a view to diversifying the trade. The adoption of a robust pricing policy will result in future weddings being more profitable.

Bookings in general were much slower during this period. Having researched competitors pricing policies, we concluded that this was solely due to external financial factors. The results for the third quarter were very weak, partly due to fewer weddings. During this period we had to carry many staff in preparation for a sharp uplift in trade after March 2023.

Prices in general were stronger during this period having recovered from the impact of Covid and its aftermath.

The gross profit margin is weaker due to the impact of inflation, and wages are higher due to many personnel leaving the industry and consequently we are having to pay higher hourly wage rates to compensate.

Overall, the directors are satisfied with the performance for the year.

PRINCIPAL RISKS AND UNCERTAINTIES
Financing and interest rates

In addition to the cashflows generated from the company's trading activities, the company has access to loans from its parent undertaking and directors. Whilst the company has a small overdraft facility, there is rarely a need to use this. There is an interest rate risk attaching to the bank overdraft, but this is minimal. The company took advantage of the Coronovirus Business Interruption Loan Scheme. The loan is repayable over 6 years and bears interest at a variable rate based on Bank of England base rates.

The company does not trade in financial instruments and has no other form of derivatives.

Cashflows

Under the current economic climate, maintaining cashflow generated from the company's trading activities is of paramount importance. This will be monitored closely to ensure cashflows are sufficient to enable the company to meet its obligations.

Competition

Competitive risk exists in all business and customers in the hotel sector are very price sensitive so this sector is exceptionally competitive. The company's objective is to be able to identify such risks at an early stage so that an appropriate strategy can be implemented to reduce that risk.

ON BEHALF OF THE BOARD:





R D V Broadbent - Director


27 March 2024

WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2023

The directors present their report with the financial statements of the company for the year ended 30 June 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of hoteliers and restaurateurs.

DIVIDENDS
The total distribution of dividends for the period ended 30 June 2023 amounts to £421,360.

FUTURE DEVELOPMENTS
The directors will continue to focus on upgrading the hotel, expanding the services and facilities to diversify the trade. Efforts will also continue towards increasing the core business and expanding the social media profile.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2022 to the date of this report.

R D V Broadbent
Mrs A Stanley

QUALIFYING THIRD PARTY INDEMNITY PROVISION
During the financial year and at the time the directors report is approved, a Qualifying Third Party Indemnity Provision for the benefit of the directors remained in force.

DISCLOSURE IN THE STRATEGIC REPORT
Certain items required under Schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports Regulations) 2008 to be disclosed in the directors' report are set out in the Strategic Report in accordance with S414C(11) Companies Act 2006.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2023


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





R D V Broadbent - Director


27 March 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WHITLEY HALL HOTEL LIMITED

Opinion
We have audited the financial statements of Whitley Hall Hotel Limited (the 'company') for the year ended 30 June 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 June 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WHITLEY HALL HOTEL LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- Enquiry of management, those charged with governance and the entity's in-house legal team around actual and potential litigation and claims;
- Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations;
- Reviewing minutes of meetings of those charged with governance;
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
- Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the further that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WHITLEY HALL HOTEL LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Peter Hollis (Senior Statutory Auditor)
for and on behalf of Hollis and Co Limited
Chartered Accountants
Statutory Auditor
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB

28 March 2024

WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2023

2023 2022
Notes £    £   

TURNOVER 4 4,032,915 3,631,481

Cost of sales 2,489,763 2,148,207
GROSS PROFIT 1,543,152 1,483,274

Administrative expenses 1,264,235 1,006,996
278,917 476,278

Other operating income 41,282 86,038
OPERATING PROFIT 6 320,199 562,316

Interest receivable and similar income 469 11,644
320,668 573,960

Interest payable and similar expenses 7 4,577 2,023
PROFIT BEFORE TAXATION 316,091 571,937

Tax on profit 8 41,307 96,772
PROFIT FOR THE FINANCIAL YEAR 274,784 475,165

WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2023

2023 2022
Notes £    £   

PROFIT FOR THE YEAR 274,784 475,165


OTHER COMPREHENSIVE INCOME
Deferred tax on revaluation reserve 2,872 (2,774 )
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME TAX

2,872

(2,774

)
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

277,656

472,391

WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 6,000,383 5,914,810

CURRENT ASSETS
Stocks 11 29,377 40,335
Debtors 12 787,616 965,652
Cash at bank and in hand 480,401 357,390
1,297,394 1,363,377
CREDITORS
Amounts falling due within one year 13 2,095,355 1,882,001
NET CURRENT LIABILITIES (797,961 ) (518,624 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,202,422

5,396,186

CREDITORS
Amounts falling due after more than one
year

14

(156,233

)

(203,421

)

PROVISIONS FOR LIABILITIES 18 (232,407 ) (235,279 )
NET ASSETS 4,813,782 4,957,486

CAPITAL AND RESERVES
Called up share capital 19 4,107 4,107
Share premium 20 332,449 332,449
Revaluation reserve 20 2,559,679 2,556,807
Retained earnings 20 1,917,547 2,064,123
SHAREHOLDERS' FUNDS 4,813,782 4,957,486

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





R D V Broadbent - Director


WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023

Called up
share Retained Share Revaluation Total
capital earnings premium reserve equity
£    £    £    £    £   
Balance at 1 July 2021 4,107 1,638,958 332,449 2,559,581 4,535,095

Changes in equity
Dividends - (50,000 ) - - (50,000 )
Total comprehensive income - 475,165 - (2,774 ) 472,391
Balance at 30 June 2022 4,107 2,064,123 332,449 2,556,807 4,957,486

Changes in equity
Dividends - (421,360 ) - - (421,360 )
Total comprehensive income - 274,784 - 2,872 277,656
Balance at 30 June 2023 4,107 1,917,547 332,449 2,559,679 4,813,782

WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. COMPANY INFORMATION

Whitley Hall Hotel Limited is a private company, limited by shares, incorporated in England and Wales. Its registered office and principal place of business can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The figures in the financial statements are rounded to the nearest £.

These financial statements cover the entity as an individual company.

2. STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates
- Key sources of estimation uncertainty.

The Company believes that there are no areas of material estimation uncertainty which affect the financial statements.

- Critical accounting judgements in applying the Company's accounting policies.

The Company believes that the major judgements applied are: the use of the going concern principle which is based on the belief that the company will have adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover represents net invoiced sales of services provided, excluding value added tax, in the normal course of business and recognised when services have been rendered.

WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - Straight line over 99 years
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost and Over period of lease
Computer equipment - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

As stated above, the depreciation policy for land and buildings is straight line over 99 years. As the estimated residual value of the hotel land and buildings is considered not to be materially different from its current carrying value, no depreciation has been charged. Depreciation is being charged on a separate freehold property at a rate of 2% per annum.

Depreciation of assets only commences when the asset is brought into use.

A formal valuation of the group's freehold interest in Whitley Hall Hotel was last undertaken in July 2013 by Messrs Edward Symmons LLP who valued the hotel on an existing use basis at £5.2m.

The provisions of Financial Reporting Standard 102 require that a revaluation exercise be carried out with sufficient regularity to ensure that the carrying value of the revalued asset at the reporting date does not differ materially from that which would be determined using fair value at the reporting date. Whilst a formal valuation has not been undertaken in recent years, the directors have had informal discussions with Chartered Surveyors, valuers and agents to ascertain the current market value. Based on those discussions, combined with a review of the current trading position and future trading forecasts produced by the company, the directors have concluded that the current carrying value of the hotel is not materially different from its fair value. In recent years the company has invested heavily in the refurbishment and maintenance of the hotel and its facilities which supports the carrying value of the investment

Stocks
Stocks are stated at the lower of cost, using the first in first out method, and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial Assets and Liabilities

The company's group loans receivable and payable meet the definition of a basic financial instrument, so they are originally recognised at the transaction price.

Debt instruments which are financing transactions at a rate of interest that is not a market rate.

Where debt instruments are classified as assets due after more than one year or long term liabilities, then the company measures these at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Where debt instruments are classified as current assets or current liabilities, then there is no present value adjustment to the initial measurement based on amortised cost.


WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. ACCOUNTING POLICIES - continued
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.

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.

Investments
Investments are included at the lower of cost or net recoverable amount.

Government grants
Government grants received which are of a capital nature, are recognised as deferred income in the balance sheet and then credited to the profit and loss account at the same rate as the depreciation charge of the relevant asset.

Government grants received which are of a revenue nature are credited directly to the profit and loss account.

4. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2023 2022
£    £   
Operation of a hotel 4,032,915 3,631,481
4,032,915 3,631,481

All turnover arose in the United Kingdom.

WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 1,600,525 1,375,411
Social security costs 120,940 96,514
Other pension costs 28,821 26,149
1,750,286 1,498,074

The average number of employees during the year was as follows:
2023 2022

Staff in hotel operations 86 92
Directors and administration 2 2
88 94

2023 2022
£    £   
Directors' remuneration 2,629 947

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 45,517 35,176
Profit on disposal of fixed assets (2,150 ) -
Auditors' remuneration 4,000 4,000
Operating leases - plant and machinery 14,110 14,110

During the year, the company's parent undertaking, HLW 229 Limited raised management charges amounting to £42,000 (2022: £40,700) which included amounts for providing the services of Mr Broadbent and Mrs Stanley as directors of the company.

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Bank loan interest 3,844 2,023
Hire purchase 733 -
4,577 2,023

WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 41,307 96,772
Tax on profit 41,307 96,772

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£    £   
Profit before tax 316,091 571,937
Profit multiplied by the standard rate of corporation tax in the UK of
20.495% (2022 - 19%)

64,783

108,668

Effects of:
Income not taxable for tax purposes (441 ) -
Depreciation in excess of capital allowances (2,770 ) (11,896 )
Group losses (20,265 ) -
Total tax charge 41,307 96,772

Tax effects relating to effects of other comprehensive income

2023
Gross Tax Net
£    £    £   
Deferred tax on revaluation reserve 2,872 - 2,872

2022
Gross Tax Net
£    £    £   
Deferred tax on revaluation reserve (2,774 ) - (2,774 )

9. DIVIDENDS
2023 2022
£    £   
Ordinary shares of £1 each
Interim 421,360 50,000

WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

10. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST OR VALUATION
At 1 July 2022 5,835,403 91,584 162,902
Additions 78,299 5,360 10,165
Disposals - - -
At 30 June 2023 5,913,702 96,944 173,067
DEPRECIATION
At 1 July 2022 9,938 77,099 109,665
Charge for year 8,818 5,994 16,487
Eliminated on disposal - - -
At 30 June 2023 18,756 83,093 126,152
NET BOOK VALUE
At 30 June 2023 5,894,946 13,851 46,915
At 30 June 2022 5,825,465 14,485 53,237

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 July 2022 13,800 73,798 6,177,487
Additions 21,902 15,364 131,090
Disposals (13,000 ) - (13,000 )
At 30 June 2023 22,702 89,162 6,295,577
DEPRECIATION
At 1 July 2022 13,800 52,175 262,677
Charge for year 3,186 11,032 45,517
Eliminated on disposal (13,000 ) - (13,000 )
At 30 June 2023 3,986 63,207 295,194
NET BOOK VALUE
At 30 June 2023 18,716 25,955 6,000,383
At 30 June 2022 - 21,623 5,914,810

WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

10. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2023 is represented by:

Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
Valuation in 2008 5,000,000 500,000 500,000
Valuation in 2013 112,086 (460,150 ) (451,936 )
Cost 801,616 57,094 125,003
5,913,702 96,944 173,067

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2008 - - 6,000,000
Valuation in 2013 - - (800,000 )
Cost 22,702 89,162 1,095,577
22,702 89,162 6,295,577

If the property and fixtures had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 4,615,114 4,550,656
Aggregate depreciation 1,569,676 1,525,299

A formal valuation of the group's freehold interest in Whitley Hall Hotel was undertaken in July 2013 by Messrs Edward Symmons LLP who valued the hotel on an existing use basis at £5.2m.

In accordance with the requirements of FRS 102, provision for deferred taxation has been made in full on the revaluation of fixed assets.

11. STOCKS
2023 2022
£    £   
Stocks - liquor and food 29,377 40,335

Stock recognised in cost of sales during the year as an expense was £739,477 (2022 £651,086)

The total carrying amount of stock is pledged as security for the group's bank borrowings.

WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,481 37,345
Amounts owed by group undertakings 692,998 800,000
Other debtors 5,651 9,902
Directors' current accounts 23,149 20,000
Tax 7,588 36,861
VAT 19,703 22,553
Prepayments 21,046 38,991
787,616 965,652

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 15) 50,000 38,246
Hire purchase contracts (see note 16) 2,829 -
Trade creditors 215,414 144,811
Tax 42,370 97,447
Social security and other taxes 33,660 48,569
Other creditors 53,989 39,571
Accruals and deferred income 1,697,093 1,513,357
2,095,355 1,882,001

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 15) 141,667 203,421
Hire purchase contracts (see note 16) 14,566 -
156,233 203,421

15. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 50,000 38,246

Amounts falling due between one and two years:
Bank loans - 1-2 years 50,000 40,300

Amounts falling due between two and five years:
Bank loans - 2-5 years 91,667 134,349

Amounts falling due in more than five years:

WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

15. LOANS - continued
2023 2022
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal - 28,772

Interest is charged at 3% over the Bank's Sterling Base Rate and the loan is repayable over 6 years..

16. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 2,829 -
Between one and five years 14,566 -
17,395 -

Non-cancellable operating leases
2023 2022
£    £   
Within one year 14,110 15,392
Between one and five years - 14,110
14,110 29,502

17. SECURED DEBTS

The company, together with its parent undertaking have given an Unlimited Multilateral guarantee dated 3 September 2004 to HSBC Bank plc to secure all liabilities of each other. There is a legal right of set off over all balances owed to or by the bank by the group.

In addition the bank has a Fixed charge over Book Debts, a Floating Charge over all other assets and a First legal charge over the company's licenced Freehold property.

The groups net indebtedness to HSBC Bank plc at 30 June 2023 amounted to £217,158.

18. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Revaluation of property 232,407 235,279

WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

18. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2022 235,279
Credit to Income Statement during year (2,872 )
Balance at 30 June 2023 232,407

19. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4,107 Ordinary £1 4,107 4,107

20. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 July 2022 2,064,123 332,449 2,556,807 4,953,379
Profit for the year 274,784 274,784
Dividends (421,360 ) (421,360 )
Deferred taxation release - - 2,872 2,872
At 30 June 2023 1,917,547 332,449 2,559,679 4,809,675

21. PENSION COMMITMENTS

During the year, the company has contributed to the personal pension schemes of certain employees.

The assets of the schemes are held separately from those of the company in independently administered funds. The contributions payable for the year amounted to £28,821 (2022 : £26,149), whilst outstanding contributions amounted to £12,254 (2022 : £7,060)

22. ULTIMATE PARENT COMPANY

The ultimate parent undertaking of the company is HLW 229 Limited who's registered office address is Whitley Hall Hotel, Whitley Hall Elliott Lane, Grenoside, South Yorkshire, S35 8NR.
The parent undertaking prepares consolidated financial statements which are available from the registered office address.

WHITLEY HALL HOTEL LIMITED (REGISTERED NUMBER: 01593427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

23. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
R D V Broadbent
Balance outstanding at start of year 20,000 18,000
Amounts advanced 3,149 2,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,149 20,000

The advance is interest free and there is no fixed repayment term. The amount is included within debtors.

24. RELATED PARTY DISCLOSURES

Paid management charges to HLW 229 Limited amounting to £42,000 (2022:£40,700). The amount owing to HLW 229 Limited at the year end of (£7,600) (2022: £4,620) is disclosed within trade creditors

During the year, a total of key management personnel compensation of £ 111,904 (2022 - £ 118,066 ) was paid.

25. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R D V Broadbent, a director and majority shareholder in HLW 229 Limited.