Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01No description of principal activity1615truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04086593 2023-01-01 2023-12-31 04086593 2023-12-31 04086593 2022-01-01 2022-12-31 04086593 2022-12-31 04086593 c:Director1 2023-01-01 2023-12-31 04086593 c:Director1 2023-12-31 04086593 c:Director2 2023-01-01 2023-12-31 04086593 c:Director3 2023-01-01 2023-12-31 04086593 c:Director5 2023-01-01 2023-12-31 04086593 c:RegisteredOffice 2023-01-01 2023-12-31 04086593 c:Agent1 2023-01-01 2023-12-31 04086593 d:PlantMachinery 2023-01-01 2023-12-31 04086593 d:MotorVehicles 2023-12-31 04086593 d:MotorVehicles 2022-12-31 04086593 d:FurnitureFittings 2023-01-01 2023-12-31 04086593 d:OfficeEquipment 2023-01-01 2023-12-31 04086593 d:CurrentFinancialInstruments 2023-12-31 04086593 d:CurrentFinancialInstruments 2022-12-31 04086593 d:Non-currentFinancialInstruments 2023-12-31 04086593 d:Non-currentFinancialInstruments 2022-12-31 04086593 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04086593 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04086593 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04086593 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04086593 d:ShareCapital 2023-12-31 04086593 d:ShareCapital 2022-12-31 04086593 d:RetainedEarningsAccumulatedLosses 2023-12-31 04086593 d:RetainedEarningsAccumulatedLosses 2022-12-31 04086593 c:FRS102 2023-01-01 2023-12-31 04086593 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04086593 c:FullAccounts 2023-01-01 2023-12-31 04086593 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04086593 2 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 04086593







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


THE HOTEL PARTNERSHIP LIMITED






































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THE HOTEL PARTNERSHIP LIMITED
 


 
COMPANY INFORMATION


Directors
P J Allsopp (appointed 1 February 2023)
D M Byrne 
J D Sullivan 
R L Howes 




Registered number
04086593



Registered office
Suite 113
The Mayford Centre

Mayford Green

Woking

Surrey

GU22 0PP




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ




Solicitors
Bennetts Solicitors, Attorneys & Notaries
Barley Wood Stables

Long Lane

Wrington

Bristol

BS40 5SA





 


THE HOTEL PARTNERSHIP LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


THE HOTEL PARTNERSHIP LIMITED
REGISTERED NUMBER:04086593



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
260,673
261,942

Cash at bank and in hand
  
521,747
486,280

  
782,420
748,222

Creditors: amounts falling due within one year
 6 
(543,686)
(592,245)

Net current assets
  
 
 
238,734
 
 
155,977

Total assets less current liabilities
  
238,734
155,977

Creditors: amounts falling due after more than one year
 7 
(42,500)
(72,500)

  

Net assets
  
196,234
83,477


Capital and reserves
  

Called up share capital 
  
310,000
310,000

Profit and loss account
  
(113,766)
(226,523)

  
196,234
83,477


Page 1

 


THE HOTEL PARTNERSHIP LIMITED
REGISTERED NUMBER:04086593


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 July 2024.




................................................
P J Allsopp
................................................
J D Sullivan
Director
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


THE HOTEL PARTNERSHIP LIMITED
 


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

1.


General information

The Hotel Partnership Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of it's registered office and principal place of business is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. The directors have assessed the future cashflow and performance of the company and are of the opinion that the going concern basis of accounting continues to remain appropriate.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 


THE HOTEL PARTNERSHIP LIMITED
 


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

2.Accounting policies (continued)

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Website development
-
33%
Fixtures and fittings
-
10%
Equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


THE HOTEL PARTNERSHIP LIMITED
 


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

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2022 - 15).


4.


Tangible fixed assets





Plant and machinery etc.

£



Cost or valuation


At 1 January 2023
100,223



At 31 December 2023

100,223



Depreciation


At 1 January 2023
100,223



At 31 December 2023

100,223



Net book value



At 31 December 2023
-



At 31 December 2022
-


5.


Debtors

2023
2022
£
£


Trade debtors
127,544
126,499

Prepayments and accrued income
133,129
135,443

260,673
261,942


Page 5

 


THE HOTEL PARTNERSHIP LIMITED
 


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

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
30,000
30,000

Trade creditors
290,862
331,564

Corporation tax
615
-

Other taxation and social security
91,707
87,446

Accruals and deferred income
130,502
143,235

543,686
592,245




7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
42,500
72,500

42,500
72,500



8.


Contingent liabilities

The company is party to a Mortgage Debenture dated the 11 March 2022 between (1) The Hotel Partnership Limited and (2) Allied Irish Banks p.l.c (the "Mortgage Debture") in favour of Allied Irish Banks p.l.c as security for the payment and discharge of bank borrowings of £1,000,000 by the new ultimate parent undertaking, RDJL Investments Limited, which is a company incorporated in the Republic of Ireland should the ultimate parent undertaking fail to discharge their obligations.


9.


Parent company

At the year end the immediate parent company of The Hotel Partnership Limited for which consolidated financial statements are drawn up is Great National Hotel and Resorts (Group) Limited, a company registered in The Republic of Ireland. The address of their registered office is 9 Clare Street, Dublin 2, D02 HH30.
The ultimate parent company is RDJL Investments Limited, a company registered in the Republic of Ireland.

 
Page 6