APN Hotel Group Limited 10652999 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is hotel management. Digita Accounts Production Advanced 6.30.9574.0 true true true 10652999 2023-04-01 2024-03-31 10652999 2024-03-31 10652999 core:RetainedEarningsAccumulatedLosses 2024-03-31 10652999 core:ShareCapital 2024-03-31 10652999 core:CurrentFinancialInstruments 2024-03-31 10652999 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10652999 core:FurnitureFittingsToolsEquipment 2024-03-31 10652999 bus:SmallEntities 2023-04-01 2024-03-31 10652999 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10652999 bus:FullAccounts 2023-04-01 2024-03-31 10652999 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10652999 bus:RegisteredOffice 2023-04-01 2024-03-31 10652999 bus:Director1 2023-04-01 2024-03-31 10652999 bus:Director2 2023-04-01 2024-03-31 10652999 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10652999 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 10652999 1 2023-04-01 2024-03-31 10652999 countries:EnglandWales 2023-04-01 2024-03-31 10652999 2023-03-31 10652999 core:FurnitureFittingsToolsEquipment 2023-03-31 10652999 2022-04-01 2023-03-31 10652999 2023-03-31 10652999 core:RetainedEarningsAccumulatedLosses 2023-03-31 10652999 core:ShareCapital 2023-03-31 10652999 core:CurrentFinancialInstruments 2023-03-31 10652999 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10652999 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 10652999

APN Hotel Group Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 31 March 2024

 

APN Hotel Group Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

APN Hotel Group Limited

(Registration number: 10652999)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

154,082

 

85,310

Current assets

   

 

Stocks

5

4,349

 

-

 

Debtors

6

32,146

 

280,180

 

Cash at bank and in hand

 

217,685

 

-

 

 

254,180

 

280,180

 

Creditors: Amounts falling due within one year

7

(353,542)

 

(273,716)

 

Net current (liabilities)/assets

   

(99,362)

 

6,464

Total assets less current liabilities

   

54,720

 

91,774

Provisions for liabilities

 

(38,521)

 

(21,327)

Net assets

   

16,199

 

70,447

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

16,099

 

70,347

 

Total equity

   

16,199

 

70,447

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 7 August 2024 and signed on its behalf by:
 

.........................................
Mr M. Rothwell
Director

.........................................
Mr T.G. Kernachan
Director

 
     
 

APN Hotel Group Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Heatons Court
Leeds
LS1 4LJ
United Kingdom

These financial statements were authorised for issue by the Board on 7 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

APN Hotel Group Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets as follows:

Asset class

Depreciation method and rate

Fixtures and equipment

25% Reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 36 (2023 - 36).

 

APN Hotel Group Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

214,459

214,459

Additions

120,135

120,135

At 31 March 2024

334,594

334,594

Depreciation

At 1 April 2023

129,149

129,149

Charge for the year

51,363

51,363

At 31 March 2024

180,512

180,512

Carrying amount

At 31 March 2024

154,082

154,082

At 31 March 2023

85,310

85,310

5

Stocks

2024
£

2023
£

Other inventories

4,349

-

6

Debtors

Debtors: amounts falling due within one year

2024
£

2023
£

Trade debtors

 

1,752

1,450

Amounts owed by group undertakings

14,298

140,401

Prepayments

 

16,096

87,716

Other debtors

 

-

50,613

   

32,146

280,180

 

APN Hotel Group Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Loans and borrowings

-

16,083

Trade creditors

76,411

105,628

Taxation and social security

52,581

45,535

Other creditors

224,550

106,470

353,542

273,716

The company is related to All Property Management Limited by virtue of the common shareholding of Mr M. Rothwell and Mr. T.G. Kernachan.

Other creditors include a loan from All Property Management Limited in the amount of £114,227 (2023 £13,459). The loan is unsecured and repayable on demand by the company.

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank overdrafts

-

16,083

9

Parent and ultimate parent undertaking

The company's immediate parent is APN Holdings Ltd, incorporated in England and Wales.