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REGISTERED NUMBER: 03896006















BAY TREE BROADSTAIRS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






BAY TREE BROADSTAIRS LIMITED (REGISTERED NUMBER: 03896006)






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


BAY TREE BROADSTAIRS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: A R Dixon
R D Stone





REGISTERED OFFICE: 12 Eastern Esplanade
Broadstairs
Kent
CT10 1DR





REGISTERED NUMBER: 03896006





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

BAY TREE BROADSTAIRS LIMITED (REGISTERED NUMBER: 03896006)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,560,994 2,571,751

CURRENT ASSETS
Stocks 29,880 26,922
Debtors 5 5,700 32,597
Cash at bank 32,652 24,779
68,232 84,298
CREDITORS
Amounts falling due within one year 6 1,887,874 1,823,261
NET CURRENT LIABILITIES (1,819,642 ) (1,738,963 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

741,352

832,788

CREDITORS
Amounts falling due after more than one
year

7

51,166

87,073
NET ASSETS 690,186 745,715

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 1,001,416 1,001,416
Retained earnings (311,231 ) (255,702 )
SHAREHOLDERS' FUNDS 690,186 745,715

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.

BAY TREE BROADSTAIRS LIMITED (REGISTERED NUMBER: 03896006)

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 12 February 2024 and were signed on its behalf by:





R D Stone - Director


BAY TREE BROADSTAIRS LIMITED (REGISTERED NUMBER: 03896006)

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

1. STATUTORY INFORMATION

Bay Tree Broadstairs Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

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.
Leasehold improvements - 20% on cost
Improvements to property - nil
Fixture & Fittings - 10% on reducing balance
Computer equipment - 25% 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

BAY TREE BROADSTAIRS LIMITED (REGISTERED NUMBER: 03896006)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Leasehold to
property improvements property
£    £    £   
COST OR VALUATION
At 1 November 2022 1,300,000 29,568 1,166,390
Additions - - -
At 31 October 2023 1,300,000 29,568 1,166,390
DEPRECIATION
At 1 November 2022 - 29,567 -
Charge for year - - -
At 31 October 2023 - 29,567 -
NET BOOK VALUE
At 31 October 2023 1,300,000 1 1,166,390
At 31 October 2022 1,300,000 1 1,166,390

Fixture & Computer
Fittings equipment Totals
£    £    £   
COST OR VALUATION
At 1 November 2022 186,770 8,033 2,690,761
Additions - 249 249
At 31 October 2023 186,770 8,282 2,691,010
DEPRECIATION
At 1 November 2022 84,130 5,313 119,010
Charge for year 10,263 743 11,006
At 31 October 2023 94,393 6,056 130,016
NET BOOK VALUE
At 31 October 2023 92,377 2,226 2,560,994
At 31 October 2022 102,640 2,720 2,571,751

Included in land and buildings is freehold land at cost £298,033 which is not depreciated. In the opinion of the directors, the hotel's market value at the balance sheet date was not less than the value shown in the accounts.

BAY TREE BROADSTAIRS LIMITED (REGISTERED NUMBER: 03896006)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 October 2023 is represented by:

Improvements
Freehold Leasehold to
property improvements property
£    £    £   
Valuation in 2018 298,584 29,568 1,116,063
Valuation in 2019 901,416 - 50,327

Valuation in 2021 100,000 - -


1,300,000 29,568 1,166,390

Fixture & Computer
Fittings equipment Totals
£    £    £   
Valuation in 2018 103,561 4,511 1,552,287
Valuation in 2019 40,977 - 992,720
Valuation in 2020 36,267 943 37,210
Valuation in 2021 4,647 1,706 106,353
Valuation in 2022 1,318 873 2,191
Valuation in 2023 - 249 249
186,770 8,282 2,691,010

Freehold land and buildings were valued on an open market basis on 1 April 2019 by VAS Group .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Sundry debtors 3,272 31,008
Bay Tree Investments Ltd 386 -
Prepayments 2,042 1,589
5,700 32,597

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 741,660 668,960
Trade creditors 2,812 570
Social security and other taxes - 510
VAT 15,357 6,715
Sundry creditors 11,368 5,536
Directors' current accounts 1,112,828 1,137,119
Accrued expenses 3,849 3,851
1,887,874 1,823,261

BAY TREE BROADSTAIRS LIMITED (REGISTERED NUMBER: 03896006)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years 38,647 35,906
Other loans - 2-5 years 12,519 51,167
51,166 87,073

8. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 1,001,416

9. DEFERRED TAXATION

A provision for deferred taxation will arise in respect of the tax effect of timing differences of excess taxation allowances over depreciation on fixed assets.

The deferred taxation liability as at 31 October 2023 is £Nil (2022 £Nil) because of the trading losses carried forward.

10. GOING CONCERN

These accounts have been prepared on a going concern basis on the understanding that the Directors and shareholders will continue to financially support the company.