IRIS Accounts Production v24.1.0.578 03388461 director 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033884612022-10-31033884612023-10-31033884612022-11-012023-10-31033884612021-10-31033884612021-11-012022-10-31033884612022-10-3103388461ns15:EnglandWales2022-11-012023-10-3103388461ns14:PoundSterling2022-11-012023-10-3103388461ns10:Director12022-11-012023-10-3103388461ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3103388461ns10:SmallEntities2022-11-012023-10-3103388461ns10:AuditExemptWithAccountantsReport2022-11-012023-10-3103388461ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3103388461ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3103388461ns10:FullAccounts2022-11-012023-10-3103388461ns10:CompanySecretary12022-11-012023-10-3103388461ns10:RegisteredOffice2022-11-012023-10-3103388461ns5:CurrentFinancialInstruments2023-10-3103388461ns5:CurrentFinancialInstruments2022-10-3103388461ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-11-012023-10-3103388461ns5:PlantMachinery2022-11-012023-10-3103388461ns5:FurnitureFittings2022-11-012023-10-3103388461ns5:LandBuildings2022-10-3103388461ns5:PlantMachinery2022-10-3103388461ns5:FurnitureFittings2022-10-3103388461ns5:LandBuildings2022-11-012023-10-3103388461ns5:LandBuildings2023-10-3103388461ns5:PlantMachinery2023-10-3103388461ns5:FurnitureFittings2023-10-3103388461ns5:LandBuildings2022-10-3103388461ns5:PlantMachinery2022-10-3103388461ns5:FurnitureFittings2022-10-3103388461ns5:RetainedEarningsAccumulatedLosses2022-11-012023-10-31
REGISTERED NUMBER: 03388461 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

NEW ENGLAND HOTEL LTD.

NEW ENGLAND HOTEL LTD. (REGISTERED NUMBER: 03388461)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


NEW ENGLAND HOTEL LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: J M Patel





SECRETARY: J M Patel





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





BUSINESS ADDRESS: Oyo Townhouse
20 Saint Georges Drive
Victoria
London
SW1V 4BN





REGISTERED NUMBER: 03388461 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NEW ENGLAND HOTEL LTD.


The following reproduces the text of the report prepared for the director 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 Director 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 New England Hotel Ltd. for the year ended 31 October 2023 which comprise the Profit and Loss, Balance Sheet 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of New England Hotel Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of New England Hotel Ltd. and state those matters that we have agreed to state to the director of New England Hotel Ltd. in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than New England Hotel Ltd. and its director for our work or for this report.

It is your duty to ensure that New England Hotel Ltd. 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 loss of New England Hotel Ltd.. You consider that New England Hotel Ltd. 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 New England Hotel Ltd.. 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.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


31 July 2024

NEW ENGLAND HOTEL LTD. (REGISTERED NUMBER: 03388461)

BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £ £ £ £
FIXED ASSETS
Property, plant and equipment 4 1,441,323 1,465,815

CURRENT ASSETS
Cash at bank and in hand 264,427 259,586

CREDITORS
Amounts falling due within one year 5 61,056 58,946
NET CURRENT ASSETS 203,371 200,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,644,694

1,666,455

PROVISIONS FOR LIABILITIES 100,619 77,212
NET ASSETS 1,544,075 1,589,243

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 6 934,846 934,846
Retained earnings 6 599,229 644,397
1,544,075 1,589,243

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 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:




J M Patel - Director


NEW ENGLAND HOTEL LTD. (REGISTERED NUMBER: 03388461)

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


1. STATUTORY INFORMATION

New England 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

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 7 (2022 - 6 ) .

NEW ENGLAND HOTEL LTD. (REGISTERED NUMBER: 03388461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property machinery fittings Totals
£ £ £ £
COST OR VALUATION
At 1 November 2022
and 31 October 2023 1,900,000 245,726 110,164 2,255,890
DEPRECIATION
At 1 November 2022 466,800 225,866 97,409 790,075
Charge for year 19,600 2,979 1,913 24,492
At 31 October 2023 486,400 228,845 99,322 814,567
NET BOOK VALUE
At 31 October 2023 1,413,600 16,881 10,842 1,441,323
At 31 October 2022 1,433,200 19,860 12,755 1,465,815

Cost or valuation at 31 October 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings Totals
£ £ £ £
Valuation in 2001 998,554 - - 998,554
Cost 901,446 245,726 110,164 1,257,336
1,900,000 245,726 110,164 2,255,890

If land and buildings had not been revalued they would have been included at the following historical cost:

31/10/23 31/10/22
£ £
Cost 901,446 901,446
Aggregate depreciation 486,400 466,800

Value of land in freehold land and buildings 415,046 434,646

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£ £
Trade creditors 14,494 8,848
Taxation and social security 36,329 35,835
Other creditors 10,233 14,263
61,056 58,946

NEW ENGLAND HOTEL LTD. (REGISTERED NUMBER: 03388461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


6. RESERVES
Retained Revaluation
earnings reserve Totals
£ £ £

At 1 November 2022 644,397 934,846 1,579,243
Deficit for the year (5,268 ) (5,268 )
Dividends (39,900 ) (39,900 )
At 31 October 2023 599,229 934,846 1,534,075