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REGISTERED NUMBER: 11205359 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ADELAIDE HOUSE HOTEL LTD

ADELAIDE HOUSE HOTEL LTD (REGISTERED NUMBER: 11205359)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADELAIDE HOUSE HOTEL LTD

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: D Dickson
Mrs C Dickson





REGISTERED OFFICE: 17 St Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 11205359 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

ADELAIDE HOUSE HOTEL LTD (REGISTERED NUMBER: 11205359)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 53,996 67,495
Tangible assets 5 260,035 263,102
314,031 330,597

CURRENT ASSETS
Stocks 6 1,000 750
Debtors 7 817 -
Cash at bank and in hand 70,433 100,652
72,250 101,402
CREDITORS
Amounts falling due within one year 8 (251,565 ) (320,635 )
NET CURRENT LIABILITIES (179,315 ) (219,233 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,716

111,364

PROVISIONS FOR LIABILITIES (4,343 ) (3,733 )
NET ASSETS 130,373 107,631

CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings 130,243 107,501
130,373 107,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ADELAIDE HOUSE HOTEL LTD (REGISTERED NUMBER: 11205359)

BALANCE SHEET - continued
31 March 2024


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 8 July 2024 and were signed on its behalf by:





D Dickson - Director


ADELAIDE HOUSE HOTEL LTD (REGISTERED NUMBER: 11205359)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Adelaide House Hotel 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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

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.

ADELAIDE HOUSE HOTEL LTD (REGISTERED NUMBER: 11205359)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 11 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 134,990
AMORTISATION
At 1 April 2023 67,495
Amortisation for year 13,499
At 31 March 2024 80,994
NET BOOK VALUE
At 31 March 2024 53,996
At 31 March 2023 67,495

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 242,662 31,569 12,311 286,542
DEPRECIATION
At 1 April 2023 - 16,592 6,848 23,440
Charge for year - 2,247 820 3,067
At 31 March 2024 - 18,839 7,668 26,507
NET BOOK VALUE
At 31 March 2024 242,662 12,730 4,643 260,035
At 31 March 2023 242,662 14,977 5,463 263,102

6. STOCKS
2024 2023
£    £   
Stocks 1,000 750

ADELAIDE HOUSE HOTEL LTD (REGISTERED NUMBER: 11205359)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 817 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 25,229 25,446
Social security and other taxes 263 577
VAT 7,939 5,024
Other creditors 115,938 128,559
Directors' current accounts 85,631 144,879
Accruals and deferred income 16,565 16,150
251,565 320,635

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2023 - £38,000) were paid to the directors .