Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Catherine Kelly 19/12/2017 Jonathan Kelly 19/12/2017 Niamh Charlotte Kelly 01/02/2019 08 April 2024 The principal activity during the year was that of a hotel. 11118528 2023-12-31 11118528 bus:Director1 2023-12-31 11118528 bus:Director2 2023-12-31 11118528 bus:Director3 2023-12-31 11118528 2022-12-31 11118528 core:CurrentFinancialInstruments 2023-12-31 11118528 core:CurrentFinancialInstruments 2022-12-31 11118528 core:Non-currentFinancialInstruments 2023-12-31 11118528 core:Non-currentFinancialInstruments 2022-12-31 11118528 core:ShareCapital 2023-12-31 11118528 core:ShareCapital 2022-12-31 11118528 core:RetainedEarningsAccumulatedLosses 2023-12-31 11118528 core:RetainedEarningsAccumulatedLosses 2022-12-31 11118528 core:Goodwill 2022-12-31 11118528 core:Goodwill 2023-12-31 11118528 core:OtherPropertyPlantEquipment 2022-12-31 11118528 core:OtherPropertyPlantEquipment 2023-12-31 11118528 bus:OrdinaryShareClass1 2023-12-31 11118528 2023-01-01 2023-12-31 11118528 bus:FilletedAccounts 2023-01-01 2023-12-31 11118528 bus:SmallEntities 2023-01-01 2023-12-31 11118528 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11118528 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11118528 bus:Director1 2023-01-01 2023-12-31 11118528 bus:Director2 2023-01-01 2023-12-31 11118528 bus:Director3 2023-01-01 2023-12-31 11118528 core:Goodwill core:TopRangeValue 2023-01-01 2023-12-31 11118528 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 11118528 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-01-01 2023-12-31 11118528 2022-01-01 2022-12-31 11118528 core:Goodwill 2023-01-01 2023-12-31 11118528 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 11118528 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 11118528 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11118528 (England and Wales)

MASCALLKELLY LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

MASCALLKELLY LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

MASCALLKELLY LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
MASCALLKELLY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Catherine Kelly
Jonathan Kelly
Niamh Charlotte Kelly
REGISTERED OFFICE The Spa Hotel Saltburn Bank
Saltburn
Saltburn By The Sea
TS12 1HH
United Kingdom
COMPANY NUMBER 11118528 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
MASCALLKELLY LIMITED

BALANCE SHEET

As at 31 December 2023
MASCALLKELLY LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 11,500 13,800
Tangible assets 4 543,357 285,171
554,857 298,971
Current assets
Stocks 5 21,850 23,500
Debtors 6 204,956 229,605
Cash at bank and in hand 7 52,720 67,080
279,526 320,185
Creditors: amounts falling due within one year 8 ( 639,617) ( 420,815)
Net current liabilities (360,091) (100,630)
Total assets less current liabilities 194,766 198,341
Creditors: amounts falling due after more than one year 9 ( 140,625) ( 48,462)
Net assets 54,141 149,879
Capital and reserves
Called-up share capital 10 100 100
Profit and loss account 54,041 149,779
Total shareholders' funds 54,141 149,879

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Mascallkelly Limited (registered number: 11118528) were approved and authorised for issue by the Board of Directors on 08 April 2024. They were signed on its behalf by:

Jonathan Kelly
Director
MASCALLKELLY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
MASCALLKELLY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mascallkelly Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Spa Hotel Saltburn Bank, Saltburn, Saltburn By The Sea, TS12 1HH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 15 % reducing balance
3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 45 63

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2023 23,000 23,000
At 31 December 2023 23,000 23,000
Accumulated amortisation
At 01 January 2023 9,200 9,200
Charge for the financial year 2,300 2,300
At 31 December 2023 11,500 11,500
Net book value
At 31 December 2023 11,500 11,500
At 31 December 2022 13,800 13,800

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2023 387,429 387,429
Additions 354,491 354,491
At 31 December 2023 741,920 741,920
Accumulated depreciation
At 01 January 2023 102,258 102,258
Charge for the financial year 96,305 96,305
At 31 December 2023 198,563 198,563
Net book value
At 31 December 2023 543,357 543,357
At 31 December 2022 285,171 285,171

5. Stocks

2023 2022
£ £
Stocks 21,850 23,500

6. Debtors

2023 2022
£ £
Corporation tax 7,639 0
Other debtors 197,317 229,605
204,956 229,605

7. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 52,720 67,080

8. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 27,393 18,072
Trade creditors 127,098 114,557
Amounts owed to Group undertakings 11,611 8,911
Taxation and social security 147,993 143,842
Other creditors 325,522 135,433
639,617 420,815

9. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 140,625 48,462

There are no amounts included above in respect of which any security has been given by the small entity.

10. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100