Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true100false2023-01-0165trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10698470 2023-01-01 2023-12-31 10698470 2022-01-01 2022-12-31 10698470 2023-12-31 10698470 2022-12-31 10698470 c:Director1 2023-01-01 2023-12-31 10698470 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 10698470 d:Buildings d:LongLeaseholdAssets 2023-12-31 10698470 d:Buildings d:LongLeaseholdAssets 2022-12-31 10698470 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 10698470 d:FurnitureFittings 2023-01-01 2023-12-31 10698470 d:FurnitureFittings 2023-12-31 10698470 d:FurnitureFittings 2022-12-31 10698470 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10698470 d:OfficeEquipment 2023-01-01 2023-12-31 10698470 d:OfficeEquipment 2023-12-31 10698470 d:OfficeEquipment 2022-12-31 10698470 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10698470 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 10698470 d:OtherPropertyPlantEquipment 2023-12-31 10698470 d:OtherPropertyPlantEquipment 2022-12-31 10698470 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10698470 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10698470 d:CurrentFinancialInstruments 2023-12-31 10698470 d:CurrentFinancialInstruments 2022-12-31 10698470 d:Non-currentFinancialInstruments 2023-12-31 10698470 d:Non-currentFinancialInstruments 2022-12-31 10698470 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10698470 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10698470 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10698470 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 10698470 d:ShareCapital 2023-12-31 10698470 d:ShareCapital 2022-12-31 10698470 d:RetainedEarningsAccumulatedLosses 2023-12-31 10698470 d:RetainedEarningsAccumulatedLosses 2022-12-31 10698470 c:FRS102 2023-01-01 2023-12-31 10698470 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10698470 c:FullAccounts 2023-01-01 2023-12-31 10698470 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10698470 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 10698470










BRUHENNY GRANGE HOTEL LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BRUHENNY GRANGE HOTEL LTD
REGISTERED NUMBER: 10698470

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,883,771
4,093,945

  
3,883,771
4,093,945

Current assets
  

Stocks
  
21,705
30,483

Debtors: amounts falling due within one year
 5 
244,885
205,808

Cash at bank and in hand
 6 
468,880
566,848

  
735,470
803,139

Creditors: amounts falling due within one year
 7 
(1,924,073)
(1,955,723)

Net current liabilities
  
 
 
(1,188,603)
 
 
(1,152,584)

Total assets less current liabilities
  
2,695,168
2,941,361

Creditors: amounts falling due after more than one year
 8 
(3,125,258)
(3,008,763)

  

Net liabilities
  
(430,090)
(67,402)


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
(430,094)
(67,406)

  
(430,090)
(67,402)


Page 1

 
BRUHENNY GRANGE HOTEL LTD
REGISTERED NUMBER: 10698470
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 comprehensive income 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: 


O. Kelly
Director

Date: 7 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BRUHENNY GRANGE HOTEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Bruhenny Grange Hotel Ltd is a private company limited by shares, incorporated in England and Wales, registration number 10698470. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.
The principal activity of the company is that of the operation of a hotel. 

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 following principal accounting policies have been applied:

 
2.2

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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
BRUHENNY GRANGE HOTEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Going concern

The Directors are confident in the services the company offers and the company has sufficient working capital facilities to enable it to withstand any further difficult trading conditions. During the year the company has performed well whilst also being able to make capital improvements and repair works to the hotel. The Directors forecast that trading will continue to be positive.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.5

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.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
BRUHENNY GRANGE HOTEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

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:

Long-term leasehold property
-
term of the lease straight line
Leasehold improvements
-
10 years straight line
Fixtures and fittings
-
5 years straight line

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.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.9

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.

 
2.10

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.

 
2.11

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 5

 
BRUHENNY GRANGE HOTEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.



Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Page 6

 
BRUHENNY GRANGE HOTEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 100 (2022 - 65).


4.


Tangible fixed assets





Long-term leasehold property
Leasehold improvements
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
2,792,739
2,279,735
205,904
10,038
5,288,416


Additions
-
79,724
1,986
-
81,710



At 31 December 2023

2,792,739
2,359,459
207,890
10,038
5,370,126



Depreciation


At 1 January 2023
300,433
690,439
201,592
2,007
1,194,471


Charge for the year on owned assets
55,855
233,420
602
2,007
291,884



At 31 December 2023

356,288
923,859
202,194
4,014
1,486,355



Net book value



At 31 December 2023
2,436,451
1,435,600
5,696
6,024
3,883,771



At 31 December 2022
2,492,306
1,589,296
4,312
8,031
4,093,945

Page 7

 
BRUHENNY GRANGE HOTEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
22,121
-

Other debtors
163,240
142,349

Prepayments and accrued income
59,524
63,459

244,885
205,808



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
468,880
566,848



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
67,748
255,187

Trade creditors
108,800
76,656

Other taxation and social security
198,110
189,092

Other creditors
1,330,634
1,205,236

Accruals and deferred income
218,781
229,552

1,924,073
1,955,723



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
3,125,258
3,008,763


The bank loan is secured by a leasehold 1st legal charge and debenture over the company's assets.


9.


Related party transactions

Included in other creditors is a loan from the directors of £1,323,924 (2022: £1,193,829). The loan is unsecured and repayable on demand, and subject to interest of 6% per annum.

 
Page 8