Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30No description of principal activitytruefalse2022-07-012023truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10868100 2022-07-01 2023-06-30 10868100 2021-07-01 2022-06-30 10868100 2023-06-30 10868100 2022-06-30 10868100 2021-07-01 10868100 c:Director1 2022-07-01 2023-06-30 10868100 c:Director2 2022-07-01 2023-06-30 10868100 c:RegisteredOffice 2022-07-01 2023-06-30 10868100 d:PlantMachinery 2022-07-01 2023-06-30 10868100 d:PlantMachinery 2023-06-30 10868100 d:PlantMachinery 2022-06-30 10868100 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10868100 d:FurnitureFittings 2022-07-01 2023-06-30 10868100 d:FurnitureFittings 2023-06-30 10868100 d:FurnitureFittings 2022-06-30 10868100 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10868100 d:OfficeEquipment 2022-07-01 2023-06-30 10868100 d:OfficeEquipment 2023-06-30 10868100 d:OfficeEquipment 2022-06-30 10868100 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10868100 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10868100 d:CurrentFinancialInstruments 2023-06-30 10868100 d:CurrentFinancialInstruments 2022-06-30 10868100 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10868100 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 10868100 d:ShareCapital 2023-06-30 10868100 d:ShareCapital 2022-06-30 10868100 d:ShareCapital 2021-07-01 10868100 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 10868100 d:RetainedEarningsAccumulatedLosses 2023-06-30 10868100 d:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 10868100 d:RetainedEarningsAccumulatedLosses 2022-06-30 10868100 d:RetainedEarningsAccumulatedLosses 2021-07-01 10868100 c:OrdinaryShareClass1 2022-07-01 2023-06-30 10868100 c:OrdinaryShareClass1 2023-06-30 10868100 c:OrdinaryShareClass1 2022-06-30 10868100 c:FRS102 2022-07-01 2023-06-30 10868100 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 10868100 c:FullAccounts 2022-07-01 2023-06-30 10868100 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10868100 d:WithinOneYear 2023-06-30 10868100 d:WithinOneYear 2022-06-30 10868100 d:BetweenOneFiveYears 2023-06-30 10868100 d:BetweenOneFiveYears 2022-06-30 10868100 d:MoreThanFiveYears 2023-06-30 10868100 d:MoreThanFiveYears 2022-06-30 10868100 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 10868100












SBH DERBY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 

SBH DERBY LIMITED

CONTENTS



Page
Company information
 
1
Balance sheet
 
2 - 3
Statement of changes in equity
 
4
Notes to the financial statements
 
5 - 11


 

SBH DERBY LIMITED
 
COMPANY INFORMATION


Directors
F G Callingham 
P A Callingham 




Registered number
10868100



Registered office
C/O Starboard Hotels Limited
Park House

10 Penn Road

Beaconsfield

HP9 2LH




Accountants
Blick Rothenberg Limited
Chartered Accountants

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:10868100
SBH DERBY LIMITED

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
113,017
83,761

Current assets
  

Stocks
  
5,812
6,030

Debtors: amounts falling due within one year
 5 
1,266,317
1,084,232

Bank and cash balances
  
30,049
143,498

  
1,302,178
1,233,760

Creditors: amounts falling due within one year
 6 
(1,586,224)
(1,603,503)

Net current liabilities
  
 
 
(284,046)
 
 
(369,743)

  

Net liabilities
  
(171,029)
(285,982)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(171,129)
(286,082)

Total deficit
  
(171,029)
(285,982)


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P A Callingham
Director

Date: 18 January 2024

The notes on pages 5 to 11 form part of these financial statements.
Page 2


 
REGISTERED NUMBER:10868100
SBH DERBY LIMITED
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023


Page 3

 

SBH DERBY LIMITED

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


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 July 2021
100
(651,020)
(650,920)



Profit for the year
-
364,938
364,938



At 30 June 2022 and 1 July 2022
100
(286,082)
(285,982)



Profit for the year
-
114,953
114,953


At 30 June 2023
100
(171,129)
(171,029)


The notes on pages 5 to 11 form part of these financial statements.

Page 4

 

SBH DERBY LIMITED

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

1.


General information

SBH Derby Ltd is a private company limited by shares incorporated in England and Wales. The address of its principal place of business is Morledge, Derby, DE1 2AY.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services and goods
Revenue from hotel ownership comprises amounts earned in respect or services, facilities and goods supplied by the hotel. Revenue from the rendering of services (such as accommodation and use of facilities) is recognised when services are performed. Revenue from the sale of goods (such as food and beverage sales) is recognised at the time when the goods are delivered to customers.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure.

Page 5

 

SBH DERBY LIMITED

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

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 6

 

SBH DERBY LIMITED

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

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
14%
straight line
Fixtures and fittings
-
14%
straight line
Office equipment
-
14%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value.


2.9

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances, and intercompany balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Page 7

 

SBH DERBY LIMITED

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

2.Accounting policies (continued)




Financial instruments (continued)

Financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 8

 

SBH DERBY LIMITED

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

2.Accounting policies (continued)

 
2.10

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

  
2.11

Share capital

Ordinary shares are classified as equity.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2022 -23).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost


At 1 July 2022
29,328
56,363
42,729
128,420


Additions
20,500
25,315
4,631
50,446



At 30 June 2023

49,828
81,678
47,360
178,866



Depreciation


At 1 July 2022
15,579
13,504
15,576
44,659


Charge for the year
6,976
7,962
6,252
21,190



At 30 June 2023

22,555
21,466
21,828
65,849



Net book value



At 30 June 2023
27,273
60,212
25,532
113,017



At 30 June 2022
13,749
42,859
27,153
83,761

Page 9

 

SBH DERBY LIMITED

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

5.


Debtors

2023
2022
£
£


Trade debtors
75,409
46,888

Other debtors
1,137,632
910,636

Prepayments and accrued income
53,276
126,708

1,266,317
1,084,232



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
100,248
250,258

Amounts owed to group undertakings
1,004,631
678,231

Other taxation and social security
8,759
111,664

Other creditors
35,129
3,319

Accruals and deferred income
437,457
560,031

1,586,224
1,603,503



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 -100) Ordinary shares of £1.00 each
100
100



8.


Contingent liabilities

A fixed charge was in place over the company's assets as part of a cross guarantee against bank loans totalling £52,740,000 (2022: £11,820,234) at the balance sheet date. The loans are owed by companies in which the director P A Callingham has an interest.

Page 10

 

SBH DERBY LIMITED

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

9.


Commitments under operating leases

At 30 June 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
300,000
300,000

Later than 1 year and not later than 5 years
1,200,000
1,200,000

Later than 5 years
4,350,000
4,650,000

5,850,000
6,150,000


10.


Ultimate parent undertaking

The ultimate parent undertaking is SBH Derby Holding Limited, a company incorporated in England and Wales. Consolidated financial statements are not prepared.

 
Page 11