Registered number
07678848
J & H Hotel Ltd
Filleted Accounts
31 July 2023
J & H Hotel Ltd
Registered number: 07678848
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 360,624 176,415
360,625 176,416
Current assets
Stocks - 1,920
Debtors 5 31,408 23,809
Cash at bank and in hand 621,211 378,462
652,619 404,191
Creditors: amounts falling due within one year 6 (470,161) (366,924)
Net current assets 182,458 37,267
Total assets less current liabilities 543,083 213,683
Creditors: amounts falling due after more than one year 7 (463,123) (167,501)
Net assets 79,960 46,182
Capital and reserves
Called up share capital 100 100
Profit and loss account 79,860 46,082
Shareholders' funds 79,960 46,182
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Pahal
Director
Approved by the board on 22 April 2024
J & H Hotel Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 14 15
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2022 11,464
At 31 July 2023 11,464
Amortisation
At 1 August 2022 11,463
At 31 July 2023 11,463
Net book value
At 31 July 2023 1
At 31 July 2022 1
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2022 - 274,817 274,817
Additions 166,667 48,351 215,018
At 31 July 2023 166,667 323,168 489,835
Depreciation
At 1 August 2022 - 98,402 98,402
Charge for the year 8,333 22,476 30,809
At 31 July 2023 8,333 120,878 129,211
Net book value
At 31 July 2023 158,334 202,290 360,624
At 31 July 2022 - 176,415 176,415
5 Debtors 2023 2022
£ £
Trade debtors 31,408 23,809
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,000 4,000
Trade creditors 390,546 289,452
Taxation and social security costs 18,132 16,676
Other creditors 57,483 56,796
470,161 366,924
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,252 11,251
Other creditors 455,871 156,250
463,123 167,501
8 Other information
J & H Hotel Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 Shaw Park Business Village,
Shaw Road,
Wolverhampton
WV10 9LE
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