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REGISTERED NUMBER: 04947441 (England and Wales)















Financial Statements For The Year Ended 31 October 2023

for

The Cavendish at Cartmel Ltd

The Cavendish at Cartmel Ltd (Registered number: 04947441)






Contents of the Financial Statements
For The Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Cavendish at Cartmel Ltd

Company Information
For The Year Ended 31 October 2023







DIRECTOR: W English





REGISTERED OFFICE: The Cavendish Arms
Cavendish Street
Cartmel
Cumbria
LA11 6QA





REGISTERED NUMBER: 04947441 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

The Cavendish at Cartmel Ltd (Registered number: 04947441)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,511 81,300
Investments 5 - 1
69,511 81,301

CURRENT ASSETS
Stocks 5,516 5,253
Debtors 6 78,270 112,613
Cash at bank and in hand 95,583 166,518
179,369 284,384
CREDITORS
Amounts falling due within one year 7 189,130 231,718
NET CURRENT (LIABILITIES)/ASSETS (9,761 ) 52,666
TOTAL ASSETS LESS CURRENT LIABILITIES 59,750 133,967

CREDITORS
Amounts falling due after more than one
year

8

(6,667

)

-

PROVISIONS FOR LIABILITIES (13,062 ) (15,269 )
NET ASSETS 40,021 118,698

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 40,019 118,696
40,021 118,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Cavendish at Cartmel Ltd (Registered number: 04947441)

Balance Sheet - continued
31 October 2023


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 director and authorised for issue on 26 July 2024 and were signed by:





W English - Director


The Cavendish at Cartmel Ltd (Registered number: 04947441)

Notes to the Financial Statements
For The Year Ended 31 October 2023

1. STATUTORY INFORMATION

The Cavendish at Cartmel Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover represents sales of rooms let, less value added tax , which are recognised when the rooms have been utilised. Also reprsented are sales of alcohol and meals, less value added tax, which are recognised as and when ordered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.


The Cavendish at Cartmel Ltd (Registered number: 04947441)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 206,498
Additions 1,139
At 31 October 2023 207,637
DEPRECIATION
At 1 November 2022 125,198
Charge for year 12,928
At 31 October 2023 138,126
NET BOOK VALUE
At 31 October 2023 69,511
At 31 October 2022 81,300

The Cavendish at Cartmel Ltd (Registered number: 04947441)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022 1
Impairments (1 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 78,270 112,613

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 109,829 163,197
Taxation and social security 70,702 66,196
Other creditors 8,599 2,325
189,130 231,718

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Other creditors 6,667 -

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.23 31.10.22
£    £   
Within one year 91,892 91,892
Between one and five years 30,630 122,522
122,522 214,414

10. TRANSACTIONS WITH THE DIRECTOR

During the year the director operated an account to which transactions of a private nature were charged. Included in other debtors at the balance sheet date is £51,192 (2022 - £83,565) which is owed to the company by the director. Interest has been charged at rates of 2% and 2.25%.