2023-04-012024-03-312024-03-31false06518971CLASSIC HOSPITALITY LIMITED2024-07-16iso4217:GBPxbrli:pure065189712023-04-01065189712024-03-31065189712023-04-012024-03-31065189712022-04-01065189712023-03-31065189712022-04-012023-03-3106518971bus:SmallEntities2023-04-012024-03-3106518971bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3106518971bus:FullAccounts2023-04-012024-03-3106518971bus:PrivateLimitedCompanyLtd2023-04-012024-03-3106518971core:WithinOneYear2024-03-3106518971core:AfterOneYear2024-03-3106518971core:WithinOneYear2023-03-3106518971core:AfterOneYear2023-03-3106518971core:ShareCapital2024-03-3106518971core:SharePremium2024-03-3106518971core:RevaluationReserve2024-03-3106518971core:OtherReservesSubtotal2024-03-3106518971core:RetainedEarningsAccumulatedLosses2024-03-3106518971core:ShareCapital2023-03-3106518971core:SharePremium2023-03-3106518971core:RevaluationReserve2023-03-3106518971core:OtherReservesSubtotal2023-03-3106518971core:RetainedEarningsAccumulatedLosses2023-03-3106518971core:LandBuildings2024-03-3106518971core:PlantMachinery2024-03-3106518971core:Vehicles2024-03-3106518971core:FurnitureFittings2024-03-3106518971core:OfficeEquipment2024-03-3106518971core:NetGoodwill2024-03-3106518971core:IntangibleAssetsOtherThanGoodwill2024-03-3106518971core:ListedExchangeTraded2024-03-3106518971core:UnlistedNon-exchangeTraded2024-03-3106518971core:LandBuildings2023-03-3106518971core:PlantMachinery2023-03-3106518971core:Vehicles2023-03-3106518971core:FurnitureFittings2023-03-3106518971core:OfficeEquipment2023-03-3106518971core:NetGoodwill2023-03-3106518971core:IntangibleAssetsOtherThanGoodwill2023-03-3106518971core:ListedExchangeTraded2023-03-3106518971core:UnlistedNon-exchangeTraded2023-03-3106518971core:LandBuildings2023-04-012024-03-3106518971core:PlantMachinery2023-04-012024-03-3106518971core:Vehicles2023-04-012024-03-3106518971core:FurnitureFittings2023-04-012024-03-3106518971core:OfficeEquipment2023-04-012024-03-3106518971core:NetGoodwill2023-04-012024-03-3106518971core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106518971core:ListedExchangeTraded2023-04-012024-03-3106518971core:UnlistedNon-exchangeTraded2023-04-012024-03-3106518971core:MoreThanFiveYears2023-04-012024-03-3106518971core:Non-currentFinancialInstruments2024-03-3106518971core:Non-currentFinancialInstruments2023-03-3106518971dpl:CostSales2023-04-012024-03-3106518971dpl:DistributionCosts2023-04-012024-03-3106518971core:LandBuildings2023-04-012024-03-3106518971core:PlantMachinery2023-04-012024-03-3106518971core:Vehicles2023-04-012024-03-3106518971core:FurnitureFittings2023-04-012024-03-3106518971core:OfficeEquipment2023-04-012024-03-3106518971dpl:AdministrativeExpenses2023-04-012024-03-3106518971core:NetGoodwill2023-04-012024-03-3106518971core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106518971dpl:GroupUndertakings2023-04-012024-03-3106518971dpl:ParticipatingInterests2023-04-012024-03-3106518971dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3106518971core:ListedExchangeTraded2023-04-012024-03-3106518971dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3106518971core:UnlistedNon-exchangeTraded2023-04-012024-03-3106518971dpl:CostSales2022-04-012023-03-3106518971dpl:DistributionCosts2022-04-012023-03-3106518971core:LandBuildings2022-04-012023-03-3106518971core:PlantMachinery2022-04-012023-03-3106518971core:Vehicles2022-04-012023-03-3106518971core:FurnitureFittings2022-04-012023-03-3106518971core:OfficeEquipment2022-04-012023-03-3106518971dpl:AdministrativeExpenses2022-04-012023-03-3106518971core:NetGoodwill2022-04-012023-03-3106518971core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106518971dpl:GroupUndertakings2022-04-012023-03-3106518971dpl:ParticipatingInterests2022-04-012023-03-3106518971dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3106518971core:ListedExchangeTraded2022-04-012023-03-3106518971dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3106518971core:UnlistedNon-exchangeTraded2022-04-012023-03-3106518971core:NetGoodwill2024-03-3106518971core:IntangibleAssetsOtherThanGoodwill2024-03-3106518971core:LandBuildings2024-03-3106518971core:PlantMachinery2024-03-3106518971core:Vehicles2024-03-3106518971core:FurnitureFittings2024-03-3106518971core:OfficeEquipment2024-03-3106518971core:AfterOneYear2024-03-3106518971core:WithinOneYear2024-03-3106518971core:ListedExchangeTraded2024-03-3106518971core:UnlistedNon-exchangeTraded2024-03-3106518971core:ShareCapital2024-03-3106518971core:SharePremium2024-03-3106518971core:RevaluationReserve2024-03-3106518971core:OtherReservesSubtotal2024-03-3106518971core:RetainedEarningsAccumulatedLosses2024-03-3106518971core:NetGoodwill2023-03-3106518971core:IntangibleAssetsOtherThanGoodwill2023-03-3106518971core:LandBuildings2023-03-3106518971core:PlantMachinery2023-03-3106518971core:Vehicles2023-03-3106518971core:FurnitureFittings2023-03-3106518971core:OfficeEquipment2023-03-3106518971core:AfterOneYear2023-03-3106518971core:WithinOneYear2023-03-3106518971core:ListedExch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CLASSIC HOSPITALITY LIMITED

Registered Number
06518971
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

CLASSIC HOSPITALITY LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

D Doubtfire
H G Doubtfire
A Ridler

Company Secretary

K Doubtfire

Registered Address

Ringles Place
Ringles Cross
Uckfield
TN22 1HB

Registered Number

06518971 (England and Wales)
CLASSIC HOSPITALITY LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3137183
137183
Current assets
Debtors4105,23488,617
Cash at bank and on hand721,586612,901
826,820701,518
Creditors amounts falling due within one year5(752,980)(634,641)
Net current assets (liabilities)73,84066,877
Total assets less current liabilities73,97767,060
Net assets73,97767,060
Capital and reserves
Called up share capital103103
Profit and loss account73,87466,957
Shareholders' funds73,97767,060
The financial statements were approved and authorised for issue by the Board of Directors on 16 July 2024, and are signed on its behalf by:
H G Doubtfire
Director
Registered Company No. 06518971
CLASSIC HOSPITALITY LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Current taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 April 232,4504072,857
At 31 March 242,4504072,857
Depreciation and impairment
At 01 April 232,2843902,674
Charge for year42446
At 31 March 242,3263942,720
Net book value
At 31 March 2412413137
At 31 March 2316617183
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables98,58488,617
Prepayments and accrued income6,650-
Total105,23488,617
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,9392,237
Amounts owed to related parties69,69163,713
Taxation and social security164,985107,703
Other creditors410,272336,272
Accrued liabilities and deferred income106,093124,716
Total752,980634,641
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Related party transactions
During the year, £Nil (2023: £Nil) was repaid to Corporate Entertainment Company Ltd (CEC), but CEC did pay an additional £1,050 & £4,928 on behalf of Classic Hospitality, leaving a balance owed to CEC of £69,691 (2023: £63,713). During the year, sales to Corporate Entertainment Company Ltd amounted to £Nil (2023: £36,850) & Purchases from Corporate Entertainment Company Ltd were £20,000 (2023: £7,507)