Company registration number:
04622091
The Invicta Hotel Limited
Unaudited filleted financial statements
31 October 2023
The Invicta Hotel Limited
Contents
Directors and other information
Statement of financial position and notes to the financial statements
The Invicta Hotel Limited
Directors and other information
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Directors |
Mr R E Martin |
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Mrs B Martin |
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Mr R D Martin |
(Resigned 26 April 2024) |
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Secretary |
Mrs B Martin |
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Company number |
04622091 |
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Registered office |
The Invicta Hotel |
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11-12 Osborne Place |
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Plymouth |
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PL1 2PU |
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Accountants |
Wills Accountants Limited |
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2 Endeavour House |
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Parkway Court |
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Longbridge Road |
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Plymouth |
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PL6 8LR |
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The Invicta Hotel Limited
Statement of financial position
31 October 2023
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2023 |
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2022 |
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£ |
£ |
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£ |
£ |
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Fixed assets |
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144,640 |
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258,513 |
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_______ |
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_______ |
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Current assets |
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37,900 |
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91,093 |
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Prepayments and accrued income |
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- |
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2,500 |
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_______ |
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37,900 |
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93,593 |
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Creditors: amounts falling due within one year |
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(
129,256) |
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(
193,993) |
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_______ |
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Net current liabilities |
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(
91,356) |
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(
100,400) |
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_______ |
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Total assets less current liabilities |
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53,284 |
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158,113 |
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Creditors: amounts falling due after more than one year |
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(
33,515) |
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(
81,060) |
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Accruals and deferred income |
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(
1,300) |
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(
1,217) |
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_______ |
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Net assets |
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18,469 |
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75,836 |
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Capital and reserves - see Note 2 |
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18,469 |
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75,836 |
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Notes to the financial statements
The Invicta Hotel Limited
Year ended 31 October 2023
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
18
(2022:
18
).
2.
Prior Year Adjustment
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2023 |
2022 |
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£ |
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Loss on sale of assets to connected business see note 3 |
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86,714 |
- |
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(
86,714) |
- |
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Profit / (Loss) for year
29,348
(27,886)
Retained Earnings at start of the year
(46,165)
(18,279)
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Retained Earnings at the end of the year
(103,531)
(46,165)
Add Share Capital
122,001
122,001
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Reserves at end of year
18,470
75,836
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Loss on sale of assets to connected business see note 3
FRS 102, The Financial Reporting Standard Applicable in the UK and Republic of Ireland (January 2022), within section 10, allows for corrections of errors in prior period financial statements. The current year assets now incorporate this prior year's figure, but as the sum is considered material the prior years accounts have not be restated, any adjustment thereof being now incorporated within the current year.
3.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company: |
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2023 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Mr R E Martin |
9,008 |
16,345 |
(
25,353) |
- |
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Mrs B Martin |
9,007 |
16,345 |
(
25,352) |
- |
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Mr R D Martin |
9,007 |
- |
(
9,007) |
- |
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27,022 |
32,690 |
(
59,712) |
- |
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2022 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Mr R E Martin |
- |
9,164 |
(
156) |
9,008 |
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Mrs B Martin |
- |
9,163 |
(
156) |
9,007 |
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Mr R D Martin |
- |
9,007 |
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9,007 |
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- |
27,334 |
(
312) |
27,022 |
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On 01 November 2021, in the year to 31 October 2022, certain assets were sold, at arm's length, for £25,000 (plus VAT) to the Directors, Mr R &
Mrs B Martin
. This created a net book loss in the company on disposal of £86,714. This information was not to hand at the time that the 31 October 2022 were prepared, and as this adjustment relates to prior year and is deemed material, is being treated a prior year adjustment within the accounts for the year end 31 October 2023.
4.
Going Concern
The company has negative current liabilities. The company is therefore reliant upon the continued financial support of its directors in order to continue operations. The directors have indicated their willingness to provide financial support to ensure that the company has sufficient resources to meet third parties debts as they fall due. Accordingly the accounts have been prepared on a going concern basis. If the support of the directors were withdrawn, then the going concern basis may not be acceptable. Adjustments may then have to be made to adjust the value of the assets to their recoverable amounts, to provide for any further liabilities that might arise, and to reclassify fixed assets and long term loans as current assets and current liabilities.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
22 July 2024
, and are signed on behalf of the board by:
Mr R E Martin
Director
Company registration number:
04622091
The company is a private company limited by shares, registered in England.