Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3122023-01-01falseNo description of principal activity2truetrue 07784085 2023-01-01 2023-12-31 07784085 2022-01-01 2022-12-31 07784085 2023-12-31 07784085 2022-12-31 07784085 c:Director1 2023-01-01 2023-12-31 07784085 c:Director2 2023-01-01 2023-12-31 07784085 d:PlantMachinery 2023-01-01 2023-12-31 07784085 d:PlantMachinery 2023-12-31 07784085 d:PlantMachinery 2022-12-31 07784085 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07784085 d:CurrentFinancialInstruments 2023-12-31 07784085 d:CurrentFinancialInstruments 2022-12-31 07784085 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07784085 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07784085 d:ShareCapital 2023-12-31 07784085 d:ShareCapital 2022-12-31 07784085 d:RetainedEarningsAccumulatedLosses 2023-12-31 07784085 d:RetainedEarningsAccumulatedLosses 2022-12-31 07784085 c:FRS102 2023-01-01 2023-12-31 07784085 c:Audited 2023-01-01 2023-12-31 07784085 c:FullAccounts 2023-01-01 2023-12-31 07784085 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07784085 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07784085 2 2023-01-01 2023-12-31 07784085 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07784085










LINDNER MK HOTELS LTD








ANNUAL REPORT AND FINANCIAL STATEMENTS

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
LINDNER MK HOTELS LTD
REGISTERED NUMBER: 07784085

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
338,835
391,451

  
338,835
391,451

Current assets
  

Debtors: amounts falling due within one year
 5 
6,648
3,821

Cash at bank and in hand
 6 
284,648
188,285

  
291,296
192,106

Creditors: amounts falling due within one year
 7 
(555,948)
(558,581)

Net current liabilities
  
 
 
(264,652)
 
 
(366,475)

Total assets less current liabilities
  
74,183
24,976

  

Net assets
  
74,183
24,976


Capital and reserves
  

Called up share capital 
  
720,100
720,100

Profit and loss account
  
(645,917)
(695,124)

  
74,183
24,976


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
J Lindner-Sonderfeld
................................................
H Dorfner
Director
Director
Date: 19 July 2024

The notes on pages 2 to 8 form part of these financial statements.
Page 1

 
LINDNER MK HOTELS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Lindner MK Hotel Limited is a private company limited by shares, incorporated in England and Wales within the UK. The address of the registered office and the registration number are given in the company information page of these financial statements.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's Statement of Financial Position has been adapted and prepared in accordance with Section 4.2A of Financial Reporting Standard 102.

The following principal accounting policies have been applied:

 
2.2

Going concern

As at 31 December 2023 the company had net current liabilities of £264,652 (2022: £366,475). The Directors of the company consider it appropriate to prepare the accounts on the going concern basis, the parent company having indicated its intention to support the company. 
Based on these assessments and having regard to the resources available to the entity, the Directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2

 
LINDNER MK HOTELS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 in the countries where the Company operates and generates income.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
LINDNER MK HOTELS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%, 12.5%, 10% and 6.67% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 4

 
LINDNER MK HOTELS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets that are measured at cost and 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 the Statement of income and retained earnings.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
LINDNER MK HOTELS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 January 2023
1,535,553


Additions
94,192


Disposals
(75,214)



At 31 December 2023

1,554,531



Depreciation


At 1 January 2023
1,144,102


Charge for the year
77,235


Disposals
(5,641)



At 31 December 2023

1,215,696



Net book value



At 31 December 2023
338,835



At 31 December 2022
391,451


5.


Debtors

2023
2022
£
£


Trade debtors
3,916
1,198

Amounts owed by group undertakings
1,488
-

Prepayments and accrued income
1,244
2,623

6,648
3,821


Page 6

 
LINDNER MK HOTELS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
284,648
188,285

284,648
188,285



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,553
9,890

Amounts owed to group undertakings
31,741
4,270

Other taxation and social security
15,743
17,788

Other creditors
3,965
(67)

Accruals and deferred income
498,946
526,700

555,948
558,581



8.


Related party transactions

During the year the company was charged £173,892 (2022: £107,814) by Lindner Prater Ltd, a fellow group company, in relation to expenses recharged, including rent. At the end of the year the company owed £2,900 (2022: £2,900) to Lindner Prater Ltd.
During the year the company was charged £12,270 (2022: £13,606) by Lindner Group KG, the ultimate parent company, in relation to expenses recharged.  At the end of the year the company owed £1,334 (2022: £1,370) to Lindner Group KG.
During the year Prater Ltd a fellow group company surrendered tax losses for compensation of £27,507 (2022: £nil). At the year end the company owed Prater Ltd £27,507 (2022: £nil).


9.


Controlling party

The ultimate parent company and parent undertaking of the largest and smallest group for which consolidated financial statements are drawn up, and of which the company is a member, is Lindner Group KG, a company incorporated in Germany. Copies of these consolidated financial statements are available from Bahnhofstrasse 29, 94424 Arnstorf Germany.
In the opinion of the Directors the parent company is Schlossbrau Mariakirchen GmbH & Co. KG, a company incorporated in Germany.
In the opinion of the Directors the ultimate controlling party is Lindner Group KG.

Page 7

 
LINDNER MK HOTELS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 7 August 2024 by John Coverdale BSc FCA (Senior statutory auditor) on behalf of MHA.

 
Page 8