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REGISTERED NUMBER: 06833288 (England and Wales)


King's Oak Hotel (2009) Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 August 2023






King's Oak Hotel (2009) Limited (Registered number: 06833288)






Contents of the Financial Statements
for the year ended 31 August 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


King's Oak Hotel (2009) Limited

Company Information
for the year ended 31 August 2023







DIRECTOR: Ms L Pollard





REGISTERED OFFICE: Paul's Nursery Road
High Beach
Loughton
Essex
IG10 4AE





REGISTERED NUMBER: 06833288 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
King's Oak Hotel (2009) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of King's Oak Hotel (2009) Limited for the year ended 31 August 2023 which comprise the Abridged Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of King's Oak Hotel (2009) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of King's Oak Hotel (2009) Limited and state those matters that we have agreed to state to the director of King's Oak Hotel (2009) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than King's Oak Hotel (2009) Limited and its director for our work or for this report.

It is your duty to ensure that King's Oak Hotel (2009) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of King's Oak Hotel (2009) Limited. You consider that King's Oak Hotel (2009) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of King's Oak Hotel (2009) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


26 January 2024

King's Oak Hotel (2009) Limited (Registered number: 06833288)

Statement of Financial Position
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 174,218 202,350

CURRENT ASSETS
Inventories 5 32,663 34,591
Debtors 6 117,833 98,962
Cash at bank and in hand 537,328 711,430
687,824 844,983
CREDITORS
Amounts falling due within one year 7 288,108 390,087
NET CURRENT ASSETS 399,716 454,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

573,934

657,246

PROVISIONS FOR LIABILITIES 9 30,641 27,044
NET ASSETS 543,293 630,202

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 543,193 630,102
SHAREHOLDERS' FUNDS 543,293 630,202

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

King's Oak Hotel (2009) Limited (Registered number: 06833288)

Statement of Financial Position - continued
31 August 2023


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 January 2024 and were signed by:





Ms L Pollard - Director


King's Oak Hotel (2009) Limited (Registered number: 06833288)

Notes to the Financial Statements
for the year ended 31 August 2023

1. STATUTORY INFORMATION

King's Oak Hotel (2009) 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The turnover is generated from the ordinary activities of the business and is recognised when services are performed for the customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over the life of the lease
Improvements to property - straight line over the life of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is determined on first in first out basis. Net realisable value is the amount to be realised from sale of stock less any cost to sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


King's Oak Hotel (2009) Limited (Registered number: 06833288)

Notes to the Financial Statements - continued
for the year ended 31 August 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2022 - 41 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 September 2022 48,457 282,417 125,336
Additions - - 5,136
At 31 August 2023 48,457 282,417 130,472
DEPRECIATION
At 1 September 2022 29,709 282,416 102,314
Charge for year 934 - 7,039
At 31 August 2023 30,643 282,416 109,353
NET BOOK VALUE
At 31 August 2023 17,814 1 21,119
At 31 August 2022 18,748 1 23,022

King's Oak Hotel (2009) Limited (Registered number: 06833288)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 674,892 22,523 1,153,625
Additions 17,804 1,996 24,936
At 31 August 2023 692,696 24,519 1,178,561
DEPRECIATION
At 1 September 2022 519,817 17,019 951,275
Charge for year 43,220 1,875 53,068
At 31 August 2023 563,037 18,894 1,004,343
NET BOOK VALUE
At 31 August 2023 129,659 5,625 174,218
At 31 August 2022 155,075 5,504 202,350

5. INVENTORIES
2023 2022
£    £   
Finished goods 32,663 34,591

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 89,786 85,000
Other debtors 28,047 13,962
117,833 98,962

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,117 116,885
Trade creditors 113,895 119,265
Taxation and social security 95,434 106,265
Other creditors 72,662 47,672
288,108 390,087

King's Oak Hotel (2009) Limited (Registered number: 06833288)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 132,500 132,500
Between one and five years 530,000 530,000
In more than five years 1,855,000 1,987,500
2,517,500 2,650,000

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 30,641 27,044

Deferred
tax
£   
Balance at 1 September 2022 27,044
Charge to Statement of Income and Retained Earnings during year 3,597
Balance at 31 August 2023 30,641

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 September 2022 630,102
Deficit for the year (68,909 )
Dividends (18,000 )
At 31 August 2023 543,193

12. RELATED PARTY DISCLOSURES

Included in other creditors are amounts owed to key management personnel of £579 (2022: £61). No interest is charged on this balance and it is repayable on demand.