IRIS Accounts Production v23.4.0.336 SC460810 Board of Directors 31.10.22 30.10.23 30.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4608102022-10-30SC4608102023-10-30SC4608102022-10-312023-10-30SC4608102021-10-30SC4608102021-10-312022-10-30SC4608102022-10-30SC460810ns15:Scotland2022-10-312023-10-30SC460810ns14:PoundSterling2022-10-312023-10-30SC460810ns10:Director12022-10-312023-10-30SC460810ns10:PrivateLimitedCompanyLtd2022-10-312023-10-30SC460810ns10:SmallEntities2022-10-312023-10-30SC460810ns10:AuditExemptWithAccountantsReport2022-10-312023-10-30SC460810ns10:SmallCompaniesRegimeForDirectorsReport2022-10-312023-10-30SC460810ns10:SmallCompaniesRegimeForAccounts2022-10-312023-10-30SC460810ns10:FullAccounts2022-10-312023-10-30SC460810ns10:Director22022-10-312023-10-30SC460810ns10:RegisteredOffice2022-10-312023-10-30SC460810ns5:CurrentFinancialInstruments2023-10-30SC460810ns5:CurrentFinancialInstruments2022-10-30SC460810ns5:Non-currentFinancialInstruments2023-10-30SC460810ns5:Non-currentFinancialInstruments2022-10-30SC460810ns5:ShareCapital2023-10-30SC460810ns5:ShareCapital2022-10-30SC460810ns5:RetainedEarningsAccumulatedLosses2023-10-30SC460810ns5:RetainedEarningsAccumulatedLosses2022-10-30SC460810ns5:LandBuildings2022-10-30SC460810ns5:LeaseholdImprovements2022-10-30SC460810ns5:FurnitureFittings2022-10-30SC460810ns5:ComputerEquipment2022-10-30SC460810ns5:LandBuildings2022-10-312023-10-30SC460810ns5:LeaseholdImprovements2022-10-312023-10-30SC460810ns5:FurnitureFittings2022-10-312023-10-30SC460810ns5:ComputerEquipment2022-10-312023-10-30SC460810ns5:LandBuildings2023-10-30SC460810ns5:LeaseholdImprovements2023-10-30SC460810ns5:FurnitureFittings2023-10-30SC460810ns5:ComputerEquipment2023-10-30SC460810ns5:LandBuildings2022-10-30SC460810ns5:LeaseholdImprovements2022-10-30SC460810ns5:FurnitureFittings2022-10-30SC460810ns5:ComputerEquipment2022-10-30
REGISTERED NUMBER: SC460810 (Scotland)















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: J D Holwell
D J Holwell





REGISTERED OFFICE: 17 Friars Street
Stirling
FK8 1HA





REGISTERED NUMBER: SC460810 (Scotland)





ACCOUNTANTS: Goddard Accounting and Tax Solutions
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 4 349,211 356,450

CURRENT ASSETS
Cash at bank and in hand 86,051 30,001

CREDITORS
Amounts falling due within one year 5 759,222 728,992
NET CURRENT LIABILITIES (673,171 ) (698,991 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(323,960

)

(342,541

)

CREDITORS
Amounts falling due after more than one
year

6

23,062

24,677
NET LIABILITIES (347,022 ) (367,218 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (347,122 ) (367,318 )
SHAREHOLDERS' FUNDS (347,022 ) (367,218 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:



J D Holwell - Director


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 private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

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 21 (2022 - 16 ) .

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 293,498 77,074 114,544 1,810 486,926
Additions - 909 4,498 380 5,787
At 30 October 2023 293,498 77,983 119,042 2,190 492,713
DEPRECIATION
At 31 October 2022 - 29,546 99,120 1,810 130,476
Charge for year - 3,977 8,859 190 13,026
At 30 October 2023 - 33,523 107,979 2,000 143,502
NET BOOK VALUE
At 30 October 2023 293,498 44,460 11,063 190 349,211
At 30 October 2022 293,498 47,528 15,424 - 356,450

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Bank loans and overdrafts 4,897 10,874
Taxation and social security 29,300 24,722
Other creditors 725,025 693,396
759,222 728,992

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.10.23 30.10.22
£    £   
Bank loans 23,062 24,677

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.






Goddard Accounting and Tax Solutions
Duncargen
St Margaret’s Drive
Dunblane
Stirlingshire
FK15 0DP


29 July 2024