NEW LINDEN HOTEL LIMITED

Company Registration Number:
03930724 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

NEW LINDEN HOTEL LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

NEW LINDEN HOTEL LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,889,016 1,891,134
Investments: 4 14,113,165 14,113,165
Total fixed assets: 16,002,181 16,004,299
Current assets
Debtors:   109,458 253,287
Cash at bank and in hand: 5,258 0
Total current assets: 114,716 253,287
Creditors: amounts falling due within one year:   (1,025,082) (829,413)
Net current assets (liabilities): (910,366) (576,126)
Total assets less current liabilities: 15,091,815 15,428,173
Creditors: amounts falling due after more than one year: 5 (4,167,209) (4,773,351)
Provision for liabilities: (1,510,407) (1,510,407)
Total net assets (liabilities): 9,414,199 9,144,415
Capital and reserves
Called up share capital: 1,000 1,000
Revaluation reserve:66,041,6276,041,627
Profit and loss account: 3,371,572 3,101,788
Shareholders funds: 9,414,199 9,144,415

The notes form part of these financial statements

NEW LINDEN HOTEL LIMITED

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 July 2024
and signed on behalf of the board by:

Name: M S Saloojee
Status: Director

The notes form part of these financial statements

NEW LINDEN HOTEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NEW LINDEN HOTEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 16 13

NEW LINDEN HOTEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 2,028,320
At 30 June 2023 2,028,320
Depreciation
At 01 July 2022 137,186
Charge for year 2,118
At 30 June 2023 139,304
Net book value
At 30 June 2023 1,889,016
At 30 June 2022 1,891,134

NEW LINDEN HOTEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Fixed investments

Investment PropertyCost or valuation at 30 June 2023 is represented by:valuation in 2006 of £2,990,557and valuation in 2015 of £4,559,654 and cost of £6,562,954

NEW LINDEN HOTEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due after more than one year note

Secured Bank Loans repayable by instalments:Amount falling due more than 5 years £1,822,986 (2022: £2,111,644)

NEW LINDEN HOTEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Revaluation reserve

2023
£
Balance at 01 July 2022 6,041,627
Surplus or deficit after revaluation 0
Balance at 30 June 2023 6,041,627

NEW LINDEN HOTEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

7. Related party transactions

Name of the related party:
Relationship:
connected companies
Description of the Transaction: The transaction was a financial loan
£
Balance at 01 July 2022 158,613
Balance at 30 June 2023 56,528
Name of the related party:
Relationship:
connected companies
Description of the Transaction: The transaction was a financial loan
£
Balance at 01 July 2022 57,412
Balance at 30 June 2023 267,114
Name of the related party:
Relationship:
connected companies
Description of the Transaction: The transaction was a financial loan
£
Balance at 01 July 2022 749,862
Balance at 30 June 2023 660,665