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REGISTERED NUMBER: 00862004 (England and Wales)















HOLLAND HOUSE HOTEL (MARGATE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






HOLLAND HOUSE HOTEL (MARGATE) LIMITED (REGISTERED NUMBER: 00862004)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOLLAND HOUSE HOTEL (MARGATE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mrs T G Dewar
Mrs E S Lemon
Mr S Lemon
Mrs J A Pierson





REGISTERED OFFICE: 5 Lonsdale Avenue
Cliftonville
Margate
Kent
CT9 3BB





REGISTERED NUMBER: 00862004 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

HOLLAND HOUSE HOTEL (MARGATE) LIMITED (REGISTERED NUMBER: 00862004)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 435,401 1,286,466

CURRENT ASSETS
Cash at bank 682,225 127,029

CREDITORS
Amounts falling due within one year 5 (166,383 ) (135,983 )
NET CURRENT ASSETS/(LIABILITIES) 515,842 (8,954 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

951,243

1,277,512

PROVISIONS FOR LIABILITIES (58,085 ) (229,085 )
NET ASSETS 893,158 1,048,427

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 330,294 976,624
Retained earnings 562,764 71,703
893,158 1,048,427

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 30 June 2024 and were signed on its behalf by:



Mr S Lemon - Director


HOLLAND HOUSE HOTEL (MARGATE) LIMITED (REGISTERED NUMBER: 00862004)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Holland House Hotel (Margate) 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. 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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

HOLLAND HOUSE HOTEL (MARGATE) LIMITED (REGISTERED NUMBER: 00862004)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 December 2022 1,360,000 23,396 1,383,396
Disposals (900,000 ) - (900,000 )
At 30 November 2023 460,000 23,396 483,396
DEPRECIATION
At 1 December 2022 74,061 22,869 96,930
Charge for year - 79 79
Eliminated on disposal (49,014 ) - (49,014 )
At 30 November 2023 25,047 22,948 47,995
NET BOOK VALUE
At 30 November 2023 434,953 448 435,401
At 30 November 2022 1,285,939 527 1,286,466

Cost or valuation at 30 November 2023 is represented by:

Freehold Computer
property equipment Totals
£    £    £   
Valuation in 2017 820,709 - 820,709
Valuation in 2021 735,000 - 735,000
Valuation in 2022 (350,000 ) - (350,000 )
Valuation in 2023 (900,000 ) - (900,000 )
Cost 154,291 23,396 177,687
460,000 23,396 483,396

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation Tax 139,000 6,600
Directors' current accounts 26,663 128,663
Accrued expenses 720 720
166,383 135,983