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REGISTERED NUMBER: 09803165 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Vincere Hospitality Limited

Vincere Hospitality Limited (Registered number: 09803165)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vincere Hospitality Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: A R Lidgard
Ms A L Evans
R J Matthews
A C Smith





REGISTERED OFFICE: The Brackenborough Hotel
Cordeaux Corner
Louth
Lincolnshire
LN11 0SZ





REGISTERED NUMBER: 09803165 (England and Wales)






Vincere Hospitality Limited (Registered number: 09803165)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,667 97,719

CURRENT ASSETS
Stocks 13,969 16,195
Debtors 5 65,188 100,394
Cash at bank and in hand 10,455 26,160
89,612 142,749
CREDITORS
Amounts falling due within one year 6 315,069 330,983
NET CURRENT LIABILITIES (225,457 ) (188,234 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(120,790

)

(90,515

)

CREDITORS
Amounts falling due after more than one
year

7

20,717

30,453
NET LIABILITIES (141,507 ) (120,968 )

CAPITAL AND RESERVES
Called up share capital 1,070 1,070
Share premium 15,190 15,190
Retained earnings (157,767 ) (137,228 )
SHAREHOLDERS' FUNDS (141,507 ) (120,968 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Vincere Hospitality Limited (Registered number: 09803165)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

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:





A R Lidgard - Director


Vincere Hospitality Limited (Registered number: 09803165)

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

1. STATUTORY INFORMATION

Vincere Hospitality 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.

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


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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 2% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell 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.

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 - 18 ) .

Vincere Hospitality Limited (Registered number: 09803165)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 288,447
Additions 16,688
Disposals (56,107 )
At 31 July 2023 249,028
DEPRECIATION
At 1 August 2022 190,728
Charge for year 8,786
Eliminated on disposal (55,153 )
At 31 July 2023 144,361
NET BOOK VALUE
At 31 July 2023 104,667
At 31 July 2022 97,719

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 17,463 302
Other debtors 47,725 100,092
65,188 100,394

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 9,995 9,995
Trade creditors 145,155 162,819
Taxation and social security 9,435 522
Other creditors 150,484 157,647
315,069 330,983

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 20,717 30,453

Vincere Hospitality Limited (Registered number: 09803165)

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

8. RELATED PARTY DISCLOSURES

At the year end, the related party balances were:
31.7.23 31.7.22
£ £
Net balance owed from/(to) related parties at the year end (54,899) 39,459
Related party trade debtor balances 17,463 303
Related party trade creditor balances 131,670 135,660
Management charges from related parties 1,167
Sales and recharges made to related parties 20,255 392
Purchases made from related parties 9,315 3,742

Related parties are companies which A R Lidgard is also a director of.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A R Lidgard.