REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 October 2023 |
for |
Holwell Hospitality Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 October 2023 |
for |
Holwell Hospitality Limited |
Holwell Hospitality Limited (Registered number: SC460810) |
Contents of the Financial Statements |
for the Year Ended 30 October 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Chartered Accountants' Report | 5 |
Holwell Hospitality Limited |
Company Information |
for the Year Ended 30 October 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Duncargen |
St Margaret’s Drive |
Dunblane |
Stirlingshire |
FK15 0DP |
Holwell Hospitality Limited (Registered number: SC460810) |
Balance Sheet |
30 October 2023 |
30.10.23 | 30.10.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 |
Holwell Hospitality Limited (Registered number: SC460810) |
Notes to the Financial Statements |
for the Year Ended 30 October 2023 |
1. | STATUTORY INFORMATION |
Holwell Hospitality Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: |
Computer equipment | 50% |
Fittings & fixtures | 25% |
Improvements to property | 4% |
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 |
The company's net assets less liabilities were negative (£347,022) at the balance sheet date, however the directors and shareholder continue to consider the company retains sufficient working capital to carry on trading for the foreseeable future. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Holwell Hospitality Limited (Registered number: SC460810) |
Notes to the Financial Statements - continued |
for the Year Ended 30 October 2023 |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Building | to | and | Computer |
Costs | property | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 31 October 2022 |
Additions |
At 30 October 2023 |
DEPRECIATION |
At 31 October 2022 |
Charge for year |
At 30 October 2023 |
NET BOOK VALUE |
At 30 October 2023 |
At 30 October 2022 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.10.23 | 30.10.22 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.10.23 | 30.10.22 |
£ | £ |
Bank loans |
7. | RELATED PARTY DISCLOSURES |
During the period, £718,138 (2022: £692,204) was the amount due to J Holwell and his immediate family. |
No interest has been charged on funding received from J Holwell's immediate family. |
8. | ULTIMATE CONTROLLING PARTY |
The controlling party is J D Holwell. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Holwell Hospitality Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Holwell Hospitality Limited for the year ended 30 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. |
This report is made solely to the Board of Directors of Holwell Hospitality Limited, as a body, in accordance with the terms of our engagement letter dated 12 February 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Holwell Hospitality Limited and state those matters that we have agreed to state to the Board of Directors of Holwell Hospitality Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Holwell Hospitality Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Holwell Hospitality Limited. You consider that Holwell Hospitality Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Holwell Hospitality Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Duncargen |
St Margaret’s Drive |
Dunblane |
Stirlingshire |
FK15 0DP |