Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr G J Barrett 30/10/2003 Mrs J Barrett 30/10/2003 07 March 2024 The principal activity of the Company during the financial year was that of hoteliers. 04947156 2023-12-31 04947156 bus:Director1 2023-12-31 04947156 bus:Director2 2023-12-31 04947156 2022-12-31 04947156 core:CurrentFinancialInstruments 2023-12-31 04947156 core:CurrentFinancialInstruments 2022-12-31 04947156 core:Non-currentFinancialInstruments 2023-12-31 04947156 core:Non-currentFinancialInstruments 2022-12-31 04947156 core:ShareCapital 2023-12-31 04947156 core:ShareCapital 2022-12-31 04947156 core:RetainedEarningsAccumulatedLosses 2023-12-31 04947156 core:RetainedEarningsAccumulatedLosses 2022-12-31 04947156 core:LandBuildings 2022-12-31 04947156 core:OtherPropertyPlantEquipment 2022-12-31 04947156 core:LandBuildings 2023-12-31 04947156 core:OtherPropertyPlantEquipment 2023-12-31 04947156 2023-01-01 2023-12-31 04947156 bus:FilletedAccounts 2023-01-01 2023-12-31 04947156 bus:SmallEntities 2023-01-01 2023-12-31 04947156 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04947156 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04947156 bus:Director1 2023-01-01 2023-12-31 04947156 bus:Director2 2023-01-01 2023-12-31 04947156 core:LandBuildings core:TopRangeValue 2023-01-01 2023-12-31 04947156 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 04947156 2022-01-01 2022-12-31 04947156 core:LandBuildings 2023-01-01 2023-12-31 04947156 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 04947156 (England and Wales)

LANGHAM HOTEL LTD

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

LANGHAM HOTEL LTD

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

LANGHAM HOTEL LTD

BALANCE SHEET

As at 31 December 2023
LANGHAM HOTEL LTD

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 26,654 29,272
26,654 29,272
Current assets
Stocks 4 250 250
Debtors 5 6,976 7,089
Cash at bank and in hand 48,676 83,359
55,902 90,698
Creditors: amounts falling due within one year 6 ( 17,784) ( 21,164)
Net current assets 38,118 69,534
Total assets less current liabilities 64,772 98,806
Creditors: amounts falling due after more than one year 7 ( 8,866) ( 14,968)
Provision for liabilities ( 4,331) ( 4,331)
Net assets 51,575 79,507
Capital and reserves
Called-up share capital 1,500 1,500
Profit and loss account 50,075 78,007
Total shareholders' funds 51,575 79,507

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Langham Hotel Ltd (registered number: 04947156) were approved and authorised for issue by the Board of Directors on 07 March 2024. They were signed on its behalf by:

Mr G J Barrett
Director
LANGHAM HOTEL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
LANGHAM HOTEL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Langham Hotel Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 60 years straight line
Other property, plant and equipment 10 % reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 4

3. Tangible assets

Land and buildings Other property, plant
and equipment
Total
£ £ £
Cost
At 01 January 2023 5,429 124,560 129,989
At 31 December 2023 5,429 124,560 129,989
Accumulated depreciation
At 01 January 2023 1,440 99,277 100,717
Charge for the financial year 90 2,528 2,618
At 31 December 2023 1,530 101,805 103,335
Net book value
At 31 December 2023 3,899 22,755 26,654
At 31 December 2022 3,989 25,283 29,272

4. Stocks

2023 2022
£ £
Stocks 250 250

5. Debtors

2023 2022
£ £
Trade debtors 180 0
Other debtors 6,796 7,089
6,976 7,089

6. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 9,406 13,056
Other creditors 8,378 8,108
17,784 21,164

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 8,866 14,968

There are no amounts included above in respect of which any security has been given by the small entity.

8. Financial commitments

Commitments

Capital commitments are as follows:

2023 2022
£ £
Contracted for but not provided for:
Other 72,000 96,000

9. Related party transactions

Transactions with the entity's directors

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 January 2023, the balance owed by the Directors was £5,814. During the year, £65,332 was advanced, and £67,197 was repaid. At 31 December 2023, the balance owed by the Directors was £3,949.

At 1 January 2022, the balance owed by the Directors was £6,305. During the year, £6,531 was advanced, and £7,022 was repaid. At 31 December 2022, the balance owed by the Directors was £5,814.