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REGISTERED NUMBER: 07545590 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BELL ROCK HOTEL (ISLES OF SCILLY)
LIMITED

BELL ROCK HOTEL (ISLES OF SCILLY)
LIMITED (REGISTERED NUMBER: 07545590)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BELL ROCK HOTEL (ISLES OF SCILLY)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: C M Jones
J M Jones





REGISTERED OFFICE: Prime
Chartered Accountants
161 Newhall Street
Birmingham
West Midlands
B3 1SW





REGISTERED NUMBER: 07545590 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

BELL ROCK HOTEL (ISLES OF SCILLY)
LIMITED (REGISTERED NUMBER: 07545590)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 12,500
Tangible assets 5 965,175 968,668
975,175 981,168

CURRENT ASSETS
Stocks 2,150 1,125
Debtors 6 2,589 187
Cash at bank and in hand 479,359 412,243
484,098 413,555
CREDITORS
Amounts falling due within one year 7 130,173 202,561
NET CURRENT ASSETS 353,925 210,994
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,329,100

1,192,162

CAPITAL AND RESERVES
Called up share capital 725,100 725,100
Retained earnings 604,000 467,062
SHAREHOLDERS' FUNDS 1,329,100 1,192,162

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

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

BELL ROCK HOTEL (ISLES OF SCILLY)
LIMITED (REGISTERED NUMBER: 07545590)

BALANCE SHEET - continued
31 OCTOBER 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 26 January 2024 and were signed on its behalf by:





C M Jones - Director


BELL ROCK HOTEL (ISLES OF SCILLY)
LIMITED (REGISTERED NUMBER: 07545590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Bell Rock Hotel (Isles of Scilly) 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.

Goodwill
Goodwill is wholly represented by purchased goodwill and is written off over 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost

Freehold property is not depreciated as being a hotel its continual maintenance ensures there is no diminishment in the property's useful life. To this extent annual maintenance cost would match the depreciation charge.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Current 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.


BELL ROCK HOTEL (ISLES OF SCILLY)
LIMITED (REGISTERED NUMBER: 07545590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued
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 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 25,000
AMORTISATION
At 1 November 2022 12,500
Charge for year 2,500
At 31 October 2023 15,000
NET BOOK VALUE
At 31 October 2023 10,000
At 31 October 2022 12,500

BELL ROCK HOTEL (ISLES OF SCILLY)
LIMITED (REGISTERED NUMBER: 07545590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 960,750 18,539 20,190 999,479
DEPRECIATION
At 1 November 2022 - 13,007 17,804 30,811
Charge for year - 1,107 2,386 3,493
At 31 October 2023 - 14,114 20,190 34,304
NET BOOK VALUE
At 31 October 2023 960,750 4,425 - 965,175
At 31 October 2022 960,750 5,532 2,386 968,668

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,589 187

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,515 12,675
Taxation and social security 87,400 81,959
Other creditors 39,258 107,927
130,173 202,561