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REGISTERED NUMBER: 00749688 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

NINEBRIDGES HOTELS LIMITED

NINEBRIDGES HOTELS LIMITED (REGISTERED NUMBER: 00749688)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NINEBRIDGES HOTELS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mrs A Gray
Mrs J C Socorro
Mr J Walker
Mrs G Walker
Ms E Walker





REGISTERED OFFICE: Statham Lodge
Warrington Rd
Lymm
Cheshire
WA13 9BP





REGISTERED NUMBER: 00749688 (England and Wales)





ACCOUNTANTS: DAS Accounting Services Ltd
105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ

NINEBRIDGES HOTELS LIMITED (REGISTERED NUMBER: 00749688)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 363,688 379,568

CURRENT ASSETS
Stocks 14,021 14,720
Debtors 6 12,920 10,484
Cash at bank and in hand 111,685 346,971
138,626 372,175
CREDITORS
Amounts falling due within one year 7 (426,273 ) (553,732 )
NET CURRENT LIABILITIES (287,647 ) (181,557 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,041

198,011

CREDITORS
Amounts falling due after more than one year 8 (84,333 ) (130,333 )

PROVISIONS FOR LIABILITIES 9 (39,590 ) (57,104 )
NET (LIABILITIES)/ASSETS (47,882 ) 10,574

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings (77,882 ) (19,426 )
(47,882 ) 10,574

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

NINEBRIDGES HOTELS LIMITED (REGISTERED NUMBER: 00749688)

BALANCE SHEET - continued
31 JULY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





Mrs G Walker - Director


NINEBRIDGES HOTELS LIMITED (REGISTERED NUMBER: 00749688)

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

1. STATUTORY INFORMATION

Ninebridges Hotels 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

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
Tangible fixed assets are initially measured at cost and subsequently measured at cost less any accumulated depreciation and impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on
the following basis:

Land and buildings - not depreciated
Plant and machinery - 15% and 20% reducing balance

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

NINEBRIDGES HOTELS LIMITED (REGISTERED NUMBER: 00749688)

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

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities.

Basic Financial Instruments
Trade and other debtors are reocgnised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition, trade and other debtors that are classified as receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Trade and other creditors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition trade and other creditors that are classified as payable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The directors have considered the wider economic landscape and are of the opinion that through careful cost control the business will be in a position to meet its liabilities as they fall due. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

NINEBRIDGES HOTELS LIMITED (REGISTERED NUMBER: 00749688)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2022 - 39 ) .

5. TANGIBLE FIXED ASSETS
Land and Plant and
buildings machinery Totals
£    £    £   
COST
At 1 August 2022 204,004 1,648,566 1,852,570
Additions - 13,595 13,595
At 31 July 2023 204,004 1,662,161 1,866,165
DEPRECIATION
At 1 August 2022 - 1,473,002 1,473,002
Charge for year - 29,475 29,475
At 31 July 2023 - 1,502,477 1,502,477
NET BOOK VALUE
At 31 July 2023 204,004 159,684 363,688
At 31 July 2022 204,004 175,564 379,568

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 12,920 10,484

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 46,000 46,000
Trade creditors 83,408 70,774
Corporation tax - 14,590
Other taxation and social
security 73,441 90,404
Other creditors 223,424 331,964
426,273 553,732

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 84,333 130,333

NINEBRIDGES HOTELS LIMITED (REGISTERED NUMBER: 00749688)

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

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 56,150 57,104
Tax losses (16,560 ) -
39,590 57,104

Deferred
tax
£   
Balance at 1 August 2022 57,104
Credit to profit or loss (17,514 )
Balance at 31 July 2023 39,590

The deferred tax liability set out above is expected to reverse within the foreseeable future and relates to accelerated capital allowances that are expected to mature within the same period.

10. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.