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REGISTERED NUMBER: 04200499 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Ashbourne Hotel Limited

Ashbourne Hotel Limited (Registered number: 04200499)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ashbourne Hotel Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: A R Lidgard





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





REGISTERED NUMBER: 04200499 (England and Wales)






Ashbourne Hotel Limited (Registered number: 04200499)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 770,528 771,857

CURRENT ASSETS
Stocks 17,624 14,279
Debtors 5 698,926 899,228
Cash at bank and in hand 123,827 89,586
840,377 1,003,093
CREDITORS
Amounts falling due within one year 6 340,672 1,185,542
NET CURRENT ASSETS/(LIABILITIES) 499,705 (182,449 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,270,233

589,408

CREDITORS
Amounts falling due after more than one
year

7

811,544

156,250
NET ASSETS 458,689 433,158

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 428,689 403,158
SHAREHOLDERS' FUNDS 458,689 433,158

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 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.

Ashbourne Hotel Limited (Registered number: 04200499)

Statement of Financial Position - 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 director and authorised for issue on 27 March 2024 and were signed by:





A R Lidgard - Director


Ashbourne Hotel Limited (Registered number: 04200499)

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

1. STATUTORY INFORMATION

Ashbourne Hotel 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises revenue recognised by the company during the year, in respect of goods and services that are common to hotels and their related activities, exclusive of Value Added Tax and trade discounts.

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 - at varying rates on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Ashbourne Hotel Limited (Registered number: 04200499)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2022 - 40 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 752,835 1,435,609 2,188,444
Additions - 15,610 15,610
Disposals - (36,359 ) (36,359 )
At 31 July 2023 752,835 1,414,860 2,167,695
DEPRECIATION
At 1 August 2022 25,209 1,391,378 1,416,587
Charge for year - 16,939 16,939
Eliminated on disposal - (36,359 ) (36,359 )
At 31 July 2023 25,209 1,371,958 1,397,167
NET BOOK VALUE
At 31 July 2023 727,626 42,902 770,528
At 31 July 2022 727,626 44,231 771,857

Freehold land and property with a cost of £752,835 (2022: £752,835) and a net book value of £727,626 (2022: £727,626) are not being depreciated, this is a departure from FRS102.

5. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors 10,446 14,453
Amounts owed by group undertakings - 850,154
Other debtors 26,426 34,621
36,872 899,228

Amounts falling due after more than one year:
Amounts owed by group undertakings 662,054 -

Aggregate amounts 698,926 899,228

Ashbourne Hotel Limited (Registered number: 04200499)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts - 46,875
Trade creditors 183,715 154,645
Amounts owed to group undertakings - 905,200
Taxation and social security 134,660 57,507
Other creditors 22,297 21,315
340,672 1,185,542

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 156,250
Amounts owed to group undertakings 811,544 -
811,544 156,250

8. RELATED PARTY DISCLOSURES

At the year end, the related party balances were:

31.7.23 31.7.22
£ £
Balances owed from related parties at the year end - 17,417
Balances owing to related parties at the year end 2,918 -

The related parties are a company of which the director is also a director of.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Oak Ridge Hotels Limited.

The ultimate controlling party is A R Lidgard.