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REGISTERED NUMBER: 10804057 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

MELBOURNE VIEW HOTEL AND EVENTS LIMITED

MELBOURNE VIEW HOTEL AND EVENTS LIMITED (REGISTERED NUMBER: 10804057)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MELBOURNE VIEW HOTEL AND EVENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







Directors: Ms T Keites
Mr S Wheat





Registered office: Melbourne View Hotel
Ramsley Fields
Station Road
Melbourne
DE73 8BR





Registered number: 10804057 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP

MELBOURNE VIEW HOTEL AND EVENTS LIMITED (REGISTERED NUMBER: 10804057)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £ £
Fixed assets
Intangible assets 4 196,988 211,059
Tangible assets 5 4,467 5,706
201,455 216,765

Current assets
Stocks 3,550 3,250
Debtors 6 2,131 3,064
Cash at bank and in hand 49,147 89,929
54,828 96,243
Creditors
Amounts falling due within one year 7 (169,250 ) (210,206 )
Net current liabilities (114,422 ) (113,963 )
Total assets less current liabilities 87,033 102,802

Creditors
Amounts falling due after more than one
year

8

(90,773

)

(103,255

)
Net liabilities (3,740 ) (453 )

Capital and reserves
Called up share capital 9 100 100
Retained earnings (3,840 ) (553 )
Shareholders' funds (3,740 ) (453 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MELBOURNE VIEW HOTEL AND EVENTS LIMITED (REGISTERED NUMBER: 10804057)

BALANCE SHEET - continued
30 JUNE 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 6 March 2024 and were signed on its behalf by:





Ms T Keites - Director


MELBOURNE VIEW HOTEL AND EVENTS LIMITED (REGISTERED NUMBER: 10804057)

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

1. STATUTORY INFORMATION

Melbourne View Hotel And Events 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.

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.

The functional currency of Melbourne View Hotel and Events Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

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, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of twenty 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 each asset over its estimated useful life.
Fixtures and fittings - 33% 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.

MELBOURNE VIEW HOTEL AND EVENTS LIMITED (REGISTERED NUMBER: 10804057)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
Cost
At 1 July 2022
and 30 June 2023 281,412
Amortisation
At 1 July 2022 70,353
Amortisation for year 14,071
At 30 June 2023 84,424
Net book value
At 30 June 2023 196,988
At 30 June 2022 211,059

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
Cost
At 1 July 2022 34,371
Additions 3,339
At 30 June 2023 37,710
Depreciation
At 1 July 2022 28,665
Charge for year 4,578
At 30 June 2023 33,243
Net book value
At 30 June 2023 4,467
At 30 June 2022 5,706

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 505 1,478
Prepayments and accrued income 1,626 1,586
2,131 3,064

MELBOURNE VIEW HOTEL AND EVENTS LIMITED (REGISTERED NUMBER: 10804057)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 12,601 12,202
Tax 2,702 8,958
Social security and other taxes 422 -
VAT 9,136 7,420
Other creditors 422 -
Directors' current accounts 141,959 179,626
Accruals and deferred income 2,008 2,000
169,250 210,206

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 2-5 years 43,237 48,119
Bank loans more than 5 yr by
instalments 47,536 55,136
90,773 103,255

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 yr by
instalments 47,536 55,136
47,536 55,136

9. CALLED UP SHARE CAPITAL

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

10. RELATED PARTY DISCLOSURES

Rent of £46,396 (2022: £27,500) was paid to a pension company of which the directors are beneficiaries.